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Mar 31, 2022
Marinemax Q2 2022 Earnings Report
Reported record second quarter results with revenue growth driven by same-store sales and strategic acquisitions.
Key Takeaways
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.
Revenue increased 17% to a record $610.1 million.
Same-store sales grew 7% on top of 45% growth in the prior year's quarter.
Net income increased 37% to $53.5 million.
Earnings per diluted share increased 40% to $2.37.
Revenue by Segment
Forward Guidance
The company is raising its fiscal year 2022 guidance for earnings per diluted share to a range of $7.90 to $8.30, which is increased from its previously provided guidance of $7.60 to $8.00 per diluted share.
Positive Outlook
- Strong demand and backlog provide continued confidence for the balance of fiscal 2022 and beyond.
- Boating is expected to be one of the beneficiaries of a changed world.
- Scale, global presence, product diversification, technology advancements, strong balance sheet, and cycle tested team will be leveraged.
- Robust operating leverage, significant cash flow, and strong consumer demand will support sustainable internal and acquisition growth.
- Focus on growing higher margin and recurring revenue.
Challenges Ahead
- Expectations do not consider material acquisitions that may be completed during fiscal 2022.
- Expectations do not give effect for other unforeseen events, including changes in global economic conditions.
- Potential risks, assumptions, and uncertainties may cause actual results to differ materially from expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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