- MarineMax Inc (NYSE:HZO) reported fourth-quarter FY21 sales growth of 16% year-on-year, to $462.31 million, missing the analyst consensus of $512.77 million.
- Same-store sales for the quarter declined 7% due to supply-constrained inventory.
- Gross profit increased 49.8% Y/Y to 174.5 million, with the margin expanding 855 basis points to 37.7%.
- The operating margin was 9.5%, and operating income for the quarter rose 33.4% to $43.6 million.
- MarineMax held $222.2 million in cash and equivalents as of September 30, 2021.
- EBITDA was $47.7 million versus $36.07 million last year.
- EPS of $1.45 beat the analyst consensus of $1.14.
- Outlook: MarineMax sees FY22 EPS of $7.20 – $7.50 versus the consensus of $6.56.
- Price Action: HZO shares are trading higher by 0.23% at $48.46 on the last check Tuesday.
Brilliant Acquisition Corporation Announces Extension Of Completion Window To January 23, 2023
Brilliant Acquisition Corporation ("Brilliant") announced today that it has extended the period of time it will have to consummate its initial business combination by a further one month, or until January 23,
