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Jun 30, 2023
Marinemax Q3 2023 Earnings Report
Posted record revenue and strong margins due to continued execution of growth strategy.
Key Takeaways
MarineMax reported record revenue of $721.8 million for the fiscal third quarter, driven by the acquisition of IGY Marinas, increased manufacturing revenue, and stronger new and used boat revenue. Net income was $44.4 million, or $1.98 per diluted share. The company is narrowing its fiscal year 2023 guidance for Adjusted earnings to a range of $5.10 to $5.50 per diluted share.
Record revenue of $721.8 million.
Gross margin of 33.8%.
Net income of $44.4 million, or diluted EPS of $1.98; Adjusted diluted EPS of $2.07
IGY Marinas contributes to Company growth
Marinemax
Marinemax
Marinemax Revenue by Segment
Revenue by Segment
Retail Operations Revenue
CapyFin.comProduct Manufacturing Revenue
CapyFin.com Forward Guidance
The Company is narrowing its fiscal year 2023 guidance for Adjusted earnings to a range of $5.10 to $5.50 per diluted share, compared with a prior range of $4.90 to $5.50 per diluted share. The Company also is narrowing its fiscal year 2023 guidance for Adjusted EBITDA to a range of $225 million to $245 million, compared with a prior range of $220 million to $245 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income