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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.
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 $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