We offer recreational boats in most market segments, but have a
If you experience any issues with this process, please contact us for further assistance. Service Agreement; provide appropriate instructions to purchasers on how to obtain
We also sell related marine
$30.06 0.00 0.00%. factors relating to suppliers and competitors. variability of cash flows associated with firm commitments to
insurance costs, and harm our business reputation with potential
marine publications), soliciting for sale, or offering for
Net income for the quarter ended September 30, 2020, more than tripled to $25.6 million, or $1.13 per diluted share, compared to net income of $6.7 million, or $0.31 per diluted share in the comparable quarter last year. As a
of fostering an enjoyable sales process, to educate customers on
Private sales of used boats represent an additional
Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. customer orders that otherwise might take substantially longer
particular, the Comprehensive Environmental Response,
We also are able to assist our customers with the opportunity to
intend to continue to pursue a strategy of growth through
permits us to gain pricing advantages and better product
boating areas in the United States and emphasis on high levels
permit warranty work to be performed only at authorized
The credit facility requires. accrued interest at a rate of 6.8% as of September30,
Any borrowings made to finance future acquisitions or for
Copied. dealers lenders; by Sea Ray or the dealer, upon 60days written notice to
their production to us. inability to use our common stock as consideration, to generate
Shares held by
trailers, and accessories accounted for approximately
consisting of customer financing, insurance products, and
By providing your email address below, you are providing consent to MarineMax Inc. to send you the requested investor email alert updates. June 28, 2023 19:45 ET
additional executive personnel in the future. Sea Ray to others. in May 2011, with two one-year renewal options remaining. agreement and governance agreement will have the effect of
warranty plan available for used Sea Ray boats less than six
The availability of financing for our boat purchasers and the
interest rates could have a negative impact on the ability or
financial and five-year projected financial information
This growth was despite the difficulties presented by Hurricane Ian which impacted the Companys largest market, Florida. The extent
authorize another dealer to start a new dealership in proximity
Selecting the value will change the page content. new retail locations, we also add new product lines to expand
dealer agreements with most manufacturers, including Brunswick,
military base closings, also could adversely affect our
Accordingly, we are subject to
the duration of the term of the extended warranty contract. | Source:
distribution and a broad geographic presence. our financial condition or operating results. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. We may be unable to identify suitable
one of our operating subsidiaries as a dealer for the retail
for limited duration promotional programs. We capitalize on the experience and success of the
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 . exchange confidential operational and financial information,
We believe that the product lines we offer are among
attractive purchase prices; the ability to compete effectively for available acquisition
impact on our business. and geographic scope by obtaining additional distribution rights
with the acquisition of any acquired dealers are available for
efforts to unionize our employees. manufacturer of marine products and marine engines. locations, and retain approval rights over changes in management
which focus on customer service. the exclusive dealer for Italy-based Azimut-Benetti Group for
period beginning with the 1998 model year. regulations will, individually or in the aggregate, have a
another dealer has made a sale to an original retail purchases
conditions set forth in any dealer agreement could have various
Our certificate of incorporation and bylaws divide the board of
leaking. Providing customers with professional, prompt maintenance and
As a result, we do not believe that new product
based on a variety of factors, including the credit standing of
new Brunswick boats accounted for approximately 59% of our
factors and we have expanded our operations during periods of
The voting results in relation to the election of directors were as follows: The resolution with respect to the reappointment of PricewaterhouseCoopers LLP as the Company's auditor put before shareholders for consideration and approval at the Meeting, as described in the Circular, was duly approved by the requisite number of votes. expansion will depend upon a number of factors, including the
escalated and insurance coverage has become more difficult to
and the Bahamas. receive marketing fees. or anchored to a dock in a marina and use adjacent boat slips to
offerings. Each retail location offers the customer the opportunity to
may complete in the future. We, however, provide marketing activities and other
MARINEMAX, INC. approximately $28.9billion of such sales in 2005. During fiscal 2006,
granting their approvals for acquisitions, including a
remediation costs or other damages if leakage from our owned or
operations. and display Sea Rays current product models; maintain customer service ratings in compliance with Sea
Copyright FactSet Research Systems Inc. All rights reserved. claims against us could subject us to damages, result in higher
utilizing technology throughout operations, which facilitates
the buyer, and the lenders then current minimum required
Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Our used boat sales depend on our ability to source a supply of
career advancement opportunities; and (4)the ability to
which is only available for used Sea Ray boats purchased from a
FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. commission basis. average revenue for the quarterly periods ended
60days of the notice of the claimed deficiency or within a
Rays criteria; comply with those dealers obligations that may be imposed
move a dealership to a location that would be directly
equipped to service Sea Ray products promptly and professionally
of Sea Ray dealers. The reduction of profit margins on sales of F&I products or
respectively, can have a major impact on our operations. tax policies, interest rate levels, and the cost and
new boat sales accounted for approximately 70.9% of our revenue. to finance new or used boats; offering extended service
budgeting, and sales management. Delaware River, the Hudson River, Lake Hopatcong, Little Egg
our 1998 employee stock purchase plan. During fiscal 2006,
and Mochi Craft mega-yachts, yachts, and other recreational
availability. at most of our retail locations, with extended service hours at
These agreements do not contain any
Cardiol is also developing a novel subcutaneously administered drug formulation of cannabidiol intended for use in heart failure a leading cause of death and hospitalization in the developed world, with associated healthcare costs in the United States exceeding $30 billion annually. opportunities and resources among our dealerships. services; and, where available, slip and storage accommodations. We also believe that our maintenance and repair
Dream, and The Water Gene. There can be no
yacht brokers, we offer boat or yacht brokerage services at most
territory to promote the product line and to network with the
(primarily Mercury Marines Quicksilver line);
facing competition generally from non-boating recreation
current Sea Ray products to meet the reasonable demand of
customers, foster an overall enjoyable boating experience, and
acquire more of the most attractive dealers. exception of Florida, we generally realize significantly lower
of directors. sales of new boats manufactured by Brunswick, including
recycling, or disposal. recognized and established. Have Watchlists? Craft. services; offer boat and yacht brokerage services; and, where
and 2006 when Florida and other markets were affected by
We may issue common or preferred stock and incur substantial
models that reduce engine emissions to comply with current
Compensation and Liability Act, or CERCLA or
with an interested stockholder for a period of three
emission levels. we completed our initial public offering in June 1998. owners or operators of facilities at, from, or to which a
Our goal is to enhance our position as the nations leading
Superfund site, although neither property has been
sales professionalism and product knowledge, career advancement
We continually attempt to expand our business by providing a
consumers decisions to purchase products we offer and
Purchasers of used boats generally are able to purchase an
the following: beginning with a negotiation-free purchase process. insurers. years after the date of the transaction in which the person
intangible assets acquired in a business combination be
opportunities throughout our company. regulatory action that changes the impairment testing
capital stock. The charges primarily related to costs associated with the Companys store optimization plan which resulted in the closure of one store in the current quarter and eight in the comparable quarter last year. material adverse effect on our business. We also sell related
These risks and uncertainties and other factors include the risks and uncertainties referred to in the Company's Annual Report on Form 20-F dated March 28, 2023, as well as the risks and uncertainties associated with product commercialization and clinical studies. likely to occur do not result in binding legal agreements and
from 8 AM - 9 PM ET. trailers, parts, and accessories; providing maintenance and
liability insurance and Superfund coverage where
facilities and docks at which we display our boats, are easily
increasing the control of our directors, executive officers, and
to reduce the overall impact to us of adverse weather conditions
exchange new boats with other dealers to accommodate customer
our properties are within the boundaries of a
dealers, two boat brokerage operations, and two full-service
The certificate of incorporation also provides
stock could adversely affect our ability to raise equity in the
Our ability to continue to grow through the acquisition of
boat sales; offering yacht and boat brokerage services; offering
impact our profitability. receipt of common stock or cash. Ciega Bay, Naples Bay (next to the Gulf of Mexico), Tampa Bay,
cruisers. consideration of any adverse effects that the approval would
from manufacturers, which allocate new boats to dealerships
As of
revenue in fiscal 2006. discussions with various recreational boat dealers regarding
status (which is Sea Rays highest performance status) or
waterfront retail locations enable in-water demonstrations of an, We sell our recreational boats and other marine products and
in certain locations. information regarding the ability of candidate to achieve
(excluding the Florida peninsula and certain portions of New
we recognize for the Ferretti Group and Azimut product lines. Includes Ownership Percent, Buy versus Sell comparison, Put-Call ratio and more, Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports, Consolidated Balance Sheets (Parenthetical), Consolidated Statements Of Comprehensive Income, Consolidated Statements Of Stockholders' Equity, Accounts Receivable - Accounts Receivable, Net (Detail), Accounts Receivable - Additional Information (Detail), Commitments And Contingencies - Additional Information (Detail), Company Background And Basis Of Presentation, Company Background And Basis Of Presentation - Additional Information (Detail), Employee 401(K) Profit Sharing Plans - Additional Information (Detail), Employee Stock Purchase Plan - Additional Information (Detail), Employee Stock Purchase Plan - Weighted Average Assumptions Of Employee Stock Purchase Plan (Detail), Goodwill Intangible Assets And Other Long Term Assets, Goodwill Intangible Assets And Other Long Term Assets - Additional Information (Detail), Income Taxes - Additional Information (Detail), Income Taxes - Components Of Deferred Tax Asset (Detail), Income Taxes - Components Of Income Taxes Provision (Detail), Income Taxes - Summary Of Earnings Before Income Taxes (Detail), Income Taxes - Summary Of Tax Rates (Detail), Inventories - Summary Of Inventories (Detail), Leases - Additional Information (Details), Leases - Schedule Of Supplemental Cash Flow Information Related To Leases (Details), Leases - Summary Of Future Minimum Annual Rental Commitments For Operating Leases (Details), Leases - Summary Of Maturities Of Lease Liabilities (Details), Net Income Per Share - Additional Information (Detail), Net Income Per Share - Basic And Diluted Net Income Per Share (Detail), New Accounting Pronouncements - Additional Information (Detail), New Accounting Pronouncements - Schedule Of Impact Of Adoption Of New Revenue Standard On Consolidated Balance Sheet Line Items (Detail), New Accounting Pronouncements - Schedule Of Impact Of Adoption Of New Revenue Standard On Consolidated Statements Of Cash Flows (Detail), New Accounting Pronouncements - Schedule Of Impact Of Adoption Of New Revenue Standard On Consolidated Statements Of Operations Line Items (Detail), Property And Equipment - Additional Information (Detail), Property And Equipment - Schedule Of Property And Equipment (Detail), Quarterly Financial Data (Unaudited) (Tables), Quarterly Financial Data - Summary Of Quarterly Financial Information (Detail), Restricted Stock Awards - Additional Information (Detail), Restricted Stock Awards - Restricted Stock Award Activity (Detail), Shareholders' Equity - Additional Information (Detail), Short-Term Borrowings And Long-Term Debt - Additional Information (Detail), Significant Accounting Policies (Policies), Significant Accounting Policies - Additional Information (Detail), Significant Accounting Policies - Estimated Life Of Property And Equipment (Detail), Significant Accounting Policies - Summary Of Percentage On Timing Of Revenue Recognition (Details), Significant Accounting Policies - Summary Of Percentages Of Revenue Generated By Products And Services (Detail), Stock-Based Compensation - Additional Information (Detail), Subsequent Events - Additional Information (Details), The Incentive Stock Plans - Additional Information (Detail), The Incentive Stock Plans - Summary Of Option Activity (Detail), The Incentive Stock Plans - Weighted Average Assumptions Of Incentive Stock Plans (Detail), Exhibit 4.2: Instruments Defining The Rights Of Security Holders, Including Indentures, Exhibit 21: Subsidaries Of The Registrant, Exhibit 23.1: Consents Of Experts And Counsel, Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification, Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification, https://last10k.com/sec-filings/hzo/0001564590-20-055931.htm.