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Dec 31, 2023
Marinemax Q1 2024 Earnings Report
MarineMax reported record December quarter revenue and a 4% increase in same-store sales amidst a challenging retail environment.
Key Takeaways
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.
Record December quarter revenue of $527.3 million.
Same-store sales increased by 4%.
Gross profit margin was 33.3%.
Net income was $0.9 million, or diluted EPS of $0.04; Adjusted diluted EPS of $0.19.
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 2024 Adjusted net income guidance to a range of $3.20 to $3.70 per diluted share and revising fiscal year 2024 Adjusted EBITDA guidance in the range of $190 million to $215 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income