Marinemax Inc. (NYSE:HZO) Q1 2015 Earnings Conference Call - Final Transcript

Jan 29, 2015 • 10:00 am ET


Marinemax Inc. (NYSE:HZO) Q1 2015 Earnings Conference Call - Final Transcript


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Michael McLamb

need to perform in the seasonally larger quarters.

Given the issues we have had with weather the last few years and the volatility that this recovery has had especially for the key segments that we participate in, we believe earnings expectations should remain muted until we are able to fully ascertain if the type of growth we reproduce is sustainable. Once we get through the March and June quarter, we can conclude if what we are seeing so far continues.

And with that, I will turn the call back over to Bill.

William McGill

Thank you, Mike. We've entered our prime selling season energized by the positive impact new boats are having on sales. We are also finally seeing our traditional segments starting to gain some traction, which should help us drive growth in our sales as core segments, finally start to participate in the industry recovery.

Our customers' enthusiasm and energy about the upcoming boating season is definitely growing and this is where our team can and should excel in getting season boaters and new boaters on the water and that boat sold by MarineMax.

With our selection of new products and then our one stop solution for all of our customers' needs combined with our commitment to putting customers and their families on the water to positively impact their lives. We know we truly have a great effect on improving their quality of life. This approach continues to provide us with a competitive advantage.

Our team is very busy this quarter with boat shows across the country. We are encouraged by the increasingly positive signs in our economy such as the stock market, unemployment, housing recovery and yes, low oil prices. Couple of these external factors with the new products and fundamentally a healthy boating lifestyle in the ageing fleet of boats that are out there among the many customers, one can understand why we in the industry are seeing better results.

While we have stayed disciplined and will continue to heed this approach, we are always in discussions with dealers to join our family. With 54 stores today, we will look to augment and complement our stores by adding strong market locations. However, we will only do this if the terms are compelling and we believe that the additional stores will contribute sustained levels of profitability.

MarineMax is the industry-leader and we are committed to building and strengthening our presence within this rebounding industry. Let me again thank our team for their efforts, for their ongoing commitment and their passion for our customers which ultimately drives our success.

And with that operator, we'd like to open the call up for questions.