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Dec 31, 2022
Marinemax Q1 2023 Earnings Report
Reported record revenue and gross margin, with net income and adjusted EBITDA.
Key Takeaways
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.
Revenue increased 7% to a record $507.9 million.
Record December quarter gross margin of 36.8%.
Net income was $19.7 million, or $0.89 per share.
Adjusted net income was $27.3 million, or $1.24 per share.
Marinemax
Marinemax
Marinemax Revenue by Segment
Revenue by Segment
Retail Operations Revenue
CapyFin.comProduct Manufacturing Revenue
CapyFin.com Forward Guidance
The company is updating its fiscal year 2023 guidance for Adjusted earnings per diluted share to a range of $6.90 to $7.40 and Adjusted EBITDA to a range of $275 million to $300 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income