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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
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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