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Mar 31, 2023
Marinemax Q2 2023 Earnings Report
Reported a decrease in revenue due to return to seasonality amid uncertain economic environment but achieved record second-quarter gross margin.
Key Takeaways
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%.
Revenue of $570.3 million
Record second-quarter gross margin of 35.2%
Net income of $30.0 million, or diluted EPS of $1.35; Adjusted diluted EPS of $1.23
Adjusted EBITDA of $57.4 million
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 to a range of $4.90 to $5.50 per diluted share and Adjusted EBITDA to a range of $220 million to $245 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income