Marinemax Earnings Reports

MarineMax reported a decrease in revenue for the first quarter of fiscal 2025, primarily due to lower boat sales and hurricane disruptions. However, gross profit margin increased due to a favorable sales mix and contributions from higher-margin businesses. The company reaffirms its fiscal year 2025 guidance.

MarineMax reported a 5% decrease in revenue to $563.1 million for the fourth quarter of fiscal year 2024, primarily due to the impact of Hurricane Helene. Despite the revenue decline, the gross profit margin remained strong at 34.3% due to contributions from higher-margin businesses. Net income was $4.0 million, or $0.17 per diluted share, with an adjusted diluted EPS of $0.24.

MarineMax reported a 5% increase in revenue to $757.7 million for the fiscal 2024 third quarter, driven by increased boat sales and a 4% rise in same-store sales. Net income was $31.6 million, or $1.37 per diluted share, while adjusted diluted EPS was $1.51. The company reaffirmed its fiscal year 2024 adjusted earnings guidance.

MarineMax reported a 2% increase in revenue to $582.9 million for the second quarter ended March 31, 2024, driven by boat sales and a 2% increase in same-store sales. Net income was $1.6 million, or $0.07 per diluted share, while adjusted diluted EPS was $0.18. The company is revising its fiscal year 2024 adjusted net income guidance to a range of $2.20 to $3.20 per diluted share and adjusted EBITDA guidance to a range of $155 million to $190 million.

MarineMax reported a record December quarter revenue of $527.3 million, driven by higher new and used boat sales, resulting in a 4% increase in same-store sales. However, net income decreased to $0.9 million, or $0.04 per diluted share, due to more aggressive pricing actions and a greater mix of larger boats.

MarineMax reported record fourth-quarter revenue of $594.6 million, an 11% increase year-over-year, fueled by strong same-store sales growth of 8% and the acquisition of IGY. Net income was $15.1 million, or $0.67 per diluted share, while adjusted diluted EPS was $0.69. The company's gross profit margin was a solid 34.3%.

MarineMax reported record revenue of $721.8 million for the fiscal third quarter, driven by the acquisition of IGY Marinas, increased manufacturing revenue, and stronger new and used boat revenue. Net income was $44.4 million, or $1.98 per diluted share. The company is narrowing its fiscal year 2023 guidance for Adjusted earnings to a range of $5.10 to $5.50 per diluted share.

MarineMax reported a decrease in revenue by 7% to $570.3 million compared to the previous year. Net income decreased to $30.0 million, or $1.35 per diluted share. However, the company achieved a record second-quarter gross margin of 35.2%.

MarineMax reported a record December quarter with revenue increasing by 7% to $507.9 million. The growth was driven by strategic acquisitions, including IGY Marinas. Net income was $19.7 million, or $0.89 per share, while adjusted net income was $27.3 million, or $1.24 per share.

MarineMax reported a record fourth quarter with revenue increasing over 16% to $536.8 million and diluted earnings per share of $1.73. The company's performance was driven by strong demand and strategic acquisitions, despite challenges from Hurricane Ian.

MarineMax reported a record fiscal third quarter with revenue increasing by 3% to $688.5 million. Net income grew to $70.2 million, and earnings per diluted share increased by 22% to $3.17.

MarineMax reported record second quarter results with a 17% increase in revenue to $610.1 million. Same-store sales grew by 7% on top of a 45% increase in the comparable quarter last year. Net income increased by 37% to $53.5 million, and earnings per diluted share increased by 40% to $2.37.

MarineMax reported a record first quarter with revenue increasing by 15% to $472.7 million. Net income increased 52% to $35.9 million, and earnings per diluted share grew 53% to $1.59.

MarineMax reported a record fourth quarter with revenue increasing by 16% to $462.3 million and earnings per share reaching $1.45. The company's fiscal year revenue surpassed $2 billion, driven by strategic acquisitions and strong same-store sales growth.

MarineMax reported record fiscal 2021 third quarter results. Revenue grew 34% to almost $667 million and diluted EPS increased 64% to $2.59. The growth was driven by recent strategic acquisitions and strong demand for boating.

MarineMax reported a record fiscal 2021 second quarter with revenue increasing 70% to $523.1 million and diluted EPS increasing more than sevenfold to $1.69. Same-store sales grew over 45%. The company also raised its fiscal year 2021 guidance for earnings per diluted share to the range of $5.50 to $5.65.

MarineMax reported a record first quarter for fiscal year 2021, with revenue increasing by 35% to over $411 million. Same-store sales grew by over 20%, and net income and diluted EPS more than doubled. The company also raised its fiscal year 2021 guidance.

MarineMax reported a record fourth quarter with revenue growing over 29% to $398.8 million and net income more than tripling to $25.6 million, or $1.13 per diluted share. The increase was driven by strong same-store sales growth of 33%.

MarineMax reported record third quarter results with revenue reaching $498.3 million, a 30% increase compared to the previous year. Same-store sales grew by 37%. Net income increased by over 83% to $34.9 million, and earnings per share grew by over 88% to $1.58.

MarineMax reported a revenue increase of almost 2% to $308.5 million. Same-store sales increased over 1%. EPS remained consistent at $0.23 per diluted share. The results were partially impacted by the COVID-19 pandemic.

MarineMax reported a strong first quarter for fiscal year 2020, with record revenue of $304.2 million, a 26% increase year-over-year. Same-store sales grew by over 24%. Net income nearly doubled to $9.1 million, and earnings per diluted share reached $0.41.