Prior to the acquisition, MarineMax’s financial capacity, consisting of cash and cash equivalents, along with available borrowings under its credit facilities, exceeded $400 million. FINANCIAL INFORMATION 1. The MarineMax Lifestyles Blog features hundreds of articles on tips, trends, gear, amazing boating locations and more. ~Record December Quarter Revenue Grows 35% to over $411 Million~ ~Same-Store Sales Growth Exceeds 20% Driven By 35% Comparable New Unit Growth~ ~Gross Margin Expands to a Record 30% in … 2 - Subsidiaries List - Accession Number 0000950153-07-002587 - Filing - SEC SEC Info uses JavaScript! Brad Cohen or Dawn Francfort Abbey Heimensen The acquisition also aligns with our long-term strategy of expanding our gross margins by adding a higher margin business. The Company expects the acquisition to be accretive in its first full twelve-month period. 2600 McCormick Drive, (5) Wholly owned subsidiary of Fraser Yachts Florida, Inc. (6) Wholly owned subsidiary of TCN Antibes S.A.R.L. MarineMax, Inc. and Subsidiaries. With over 100 years of heritage, Cruisers has successfully navigated through various industry cycles and grown through innovation and product leadership. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, the continued recovery of the industry, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2020 and other filings with the Securities and Exchange Commission. Forward Looking Statement There are 125 companies in the Marinemax Mid-Atlantic corporate family. Marinemax Inc - ‘10-K’ for 9/30/07 - EX-21 Annual Report - Seq. Headquartered in Clearwater, Florida, MarineMax is the nation’s largest recreational boat and yacht retailer. Condensed Consolidated Statements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Revenue $ 523,095 $ 308,475 $ 934,618 $ 612,647 Cost of sales 366,289 229,699 View source version on businesswire.com: MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). MARINEMAX, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Restated) 1. MarineMax Reports Record Fiscal 2021 First Quarter Results. Marinemax Inc - ‘10-K’ for 9/30/02 - EX-21 Annual Report - Seq. MarineMax Subsidiaries Subsidiaries to MarineMax include Bassett Yacht & Boat Sales. The MarineMax team has a proven track record of great success in our industry. March 31, 2020. ~Leading American Made Yacht Manufacturer~, ~Strategically Secures and Strengthens Its Product Portfolio~, ~Cruisers’ Recent Expansion Provides Additional Growth Capacity~, ~Acquisition Expected To Be Accretive in First Full Year~. The Company will provide additional details on the acquisition when it reports its June 2021 results. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. COMPANY BACKGROUND AND BASIS OF PRESENTATION: We were incorporated in Delaware in January 1998, and are the largest recreational boat retailer in the United States. wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. MARINEMAX INC. Form 10-K (Filer) Published: 2020-12-02 16:57:37 Submitted: 2020-12-02 Filing Agent: ActiveDisclosure Period Ending In: 2020-09-30 Interactive XBRL Filing. MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British … ASSETS. Form 10-K Marinemax Inc Annual report [Section 13 and 15(d), not S-K Item 405] SEC.report. To view pages properly, enable JavaScript in your browser. MarineMax, Inc. is the largest recreational boat retailer in the United States, and the leading seller of Sea Ray, Boston Whaler, and other boats made by Brunswick Corporation, which makes up nearly 90 percent of the company's new boat sales and 75 percent of used boat sales, as well as brand names such as Hatteras and Supra ski boats. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). Cruisers has a seasoned, passionate and successful team. Employees at the parent company, MarineMax, earn $57,134 whereas employees at Bassett Yacht & Boat Sales earn $31,973, on average. To view pages properly, enable JavaScript in your browser. MARINEMAX, INC. AND SUBSIDIARIES Table of Contents Item No . MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. kE!9pT[œÚƒJ„ø¿°B%À{κÜ1{bc¯)Ëf¯‚ŸßÕó*ó‡ ;:ø†VwÑF¦ŠªU/O?ðÃÝ$_ðoŸ­ú»PG,§¢÷:{&tEûþSk~l¥¦•üD W¤¥‚suuҕîê»*~ŠÒpäbü®Oº+~eÔʑG «’ÿb ¢Õb,«9Ւ¯@G¹BxVŊB?¼ñζ¶9Ba:=œñ¨Ù½hšFZ€‰áHCÞX$qB¬a?‚3âq-"´ä‹´¼jè@yÛ¥®}zdW\}ՌÀóg«¦}Ò…°˜ì“ã¿IBƒ,&. Page PART I. Focused on premium brands, such as Sea Ray, Boston Whaler, Hatteras, Azimut Yachts, Benetti, Ocean Alexander, Galeon, Grady-White, Harris, Bennington, Crest, MasterCraft, MJM Yachts, NauticStar, Scout, Sailfish, Scarab Jet Boats, Tige, Yamaha Jet Boats, Aquila, Aviara, and Nautique. MarineMax is proud to offer Aviara, the newest brand manufactured by MasterCraft Boat Holdings, Inc. Aviara creates an elevated open water experience by fusing progressive style and effortless comfort in each and every modern, luxury vessel. MarineMax General Information Description. 2 - Subsidiaries List - Accession Number 0000950153-02-002140 - Filing - SEC SEC Info uses JavaScript! https://www.businesswire.com/news/home/20210503005248/en/, Michael H. McLamb With our loyal Cruisers owners and a strong dealer network, we will all greatly benefit from being a part of MarineMax.”. Through Fraser Yachts and Northrop and Johnson, it is also the largest super-yacht services provider, operating locations across the globe. The MarketWatch News Department was not involved in the creation of this content. W. Brett McGill, Chief Executive Officer and President of MarineMax stated, "The strategic acquisition of Cruisers Yachts benefits our customers by filling a meaningful void in our product portfolio which was created in 2018 by the loss of Sea Ray sport yacht and yacht models. Such expansion allows Cruisers to more than double its capacity over time. Combined, MarineMax accounts for nearly half of Cruisers’ revenue on an annual basis. https://www.businesswire.com/news/home/20210503005248/en/. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About MarineMax We are excited to have Mark Pedersen join our management team as he will continue to lead the operations of Cruisers’ more than 350 team members.”, Mark Pedersen, President of Cruisers Yachts stated, “We are very excited about becoming part of the MarineMax family and the great opportunities that lie ahead. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British … MarineMax, Inc. and subsidiaries (MarineMax or the Company) engage primarily in the retail sale, brokerage and service of new and used boats, motors, trailers, marine parts and accessories. The Company paid $63 million for Cruisers, including the recently acquired Pulaski, WI facility. We can continue to expand and grow with Cruisers’ model line-up in markets that are available. CLEARWATER, Fla.--(BUSINESS WIRE)-- ICR, LLC For more information, please visit www.marinemax.com . Cruisers, due to demand, recently announced the expansion of their production capacity by purchasing a 216,000 square foot, purpose-built boat manufacturing plant in Pulaski, WI. Marinemax Mid-Atlantic has 210 total employees across all of its locations and generates $10.73 million in sales (USD). Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British … [email protected], MarineMax Inc. For more information, please visit www.marinemax.com. Their industry knowledge and their recent expansion, combined with MarineMax’s resources, will enable Cruisers to accelerate its positioning in the market. Condensed Consolidated Statements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended September 30, Fiscal Year Ended MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. Condensed Consolidated Balance Sheets (Amounts in thousands) (Unaudited) March 31, 2021 March 31, 2020. Wholly owned subsidiary of MarineMax East, Inc. (3) Wholly owned subsidiary of FWW, LLC. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. (4) Wholly owned subsidiary of FWW UK Limited. HZO MarineMax Inc Quarterly Report (10-q) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. MarineMax, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (Amounts in thousands) (Unaudited) March 31, 2021 March 31, 2020 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 142,888 $ 64,406 Accounts receivable, net 54,489 35,814 Inventories, net 302,979 506,887 [email protected]. Cruisers has an accomplished dealer network, including SkipperBud’s and Silver Seas Yachts, which were acquired by MarineMax in October 2020, plus five recently added MarineMax locations. Financial Statements (Unaudited): Condensed Consolidated Statements of Operations for the Three Months Ended December 31, 2019 and 20 20 3 MarineMax, Inc. and Subsidiaries. MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the acquisition of KCS International, Inc., better known as Cruisers Yachts, headquartered in Oconto, Wisconsin. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax, Inc. and Subsidiaries. Marinemax Inc has 45 total employees across all of its locations and generates $7.81 million in sales (USD). These statements are based on current expectations, forecasts, risks, uncertainties and assumptions that may cause actual results to differ materially from expectations as of the date of this release. MarineMax, Inc. (a Delaware corporation) was incorporated in January 1998 and is the largest boat retailer in the United States. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat … Condensed Consolidated Balance Sheets (Amounts in thousands) (Unaudited) March 31, 2021. After launching the distinguished design and innovation of the Cantius yacht series in 2011, Cruisers’ growth and market share accelerated. MarineMax, Inc. Investors: MarineMax, Inc. and Subsidiaries. We invite you to browse our Lifestyles Blog. (7) Cruisers Yachts (Cruisers) is recognized as one of the world’s premier manufacturers of premium yachts, producing models from 33’ to 60’ feet. Forward Looking Statement It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and yachts; fishing boats; convertible yachts; motor yachts; and ski boats. Marinemax Mid-Atlantic is located in Brick, NJ, United States and is part of the Marinas Industry. MarineMax also owns Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies with operations in multiple countries. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). Chief Financial Officer 0001564590-20-033873.txt : 20200728 0001564590-20-033873.hdr.sgml : 20200728 20200728160048 accession number: 0001564590-20-033873 conformed submission type: 10-q public document count: 73 conformed period of report: 20200630 filed as of date: 20200728 date as of change: 20200728 filer: company data: company conformed name: marinemax inc central index key: 0001057060 standard … 727-531-1700. Media: Such forward-looking statements include the belief that Cruisers will accelerate its improvement in market position, the acquisition being accretive, the Company’s long-term strategy to grow its cycle resilient higher margin businesses, the Company’s continued growth. Join us for our monthly Facebook Live Show where we … MarineMax has over 100 locations worldwide, including 77 retail dealership locations, including 30 marinas or storage operations. MARINEMAX, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Operations (Amounts in thousands, except share and per share data) (Unaudited) Three Months Ended Nine Months Ended June 30, June 30, 2016 2017 2016 2017 Revenue $ 345,592 $ 329,809 $ 714,695 $ 801,702 ASSETS. MarineMax gives you more ways to enjoy your boat to the fullest. Explore Lifestyles From the Helm with MarineMax. CURRENT ASSETS: Cash and cash equivalents $ 142,888 $ 64,406 Accounts receivable, net 54,489 35,814 Inventories, net Over the years we have recognized that certain customers prefer to only buy an American built yacht, and our brand compliments MarineMax’s other offerings.