Loading...
•
Mar 31, 2024
Marinemax Q2 2024 Earnings Report
Reported second quarter results with revenue increase and maintained strong gross margin amidst challenging market conditions.
Key Takeaways
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.
Revenue increased by 2% year-over-year to $582.9 million.
Same-store sales increased by 2%.
Gross profit margin was 32.7%.
Net income was $1.6 million, or diluted EPS of $0.07; Adjusted diluted EPS of $0.18.
Revenue by Segment
Forward Guidance
The Company is updating its fiscal year 2024 Adjusted net income guidance to a range of $2.20 to $3.20 per diluted share and is revising fiscal year 2024 Adjusted EBITDA guidance to a range of $155 million to $190 million.
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
Loading earnings performance data...
Loading earnings reaction data...