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Sep 30, 2023
Marinemax Q4 2023 Earnings Report
Reported record fourth quarter and full year revenue, driven by robust demand and strategic acquisitions.
Key Takeaways
MarineMax reported record fourth-quarter revenue of $594.6 million, an 11% increase year-over-year, fueled by strong same-store sales growth of 8% and the acquisition of IGY. Net income was $15.1 million, or $0.67 per diluted share, while adjusted diluted EPS was $0.69. The company's gross profit margin was a solid 34.3%.
Record revenue of $594.6 million, up 11%.
Same-store sales growth of 8%.
Gross profit margin of 34.3%, driven by higher margin businesses.
Net income of $15.1 million, or diluted EPS of $0.67; Adjusted diluted EPS of $0.69.
Revenue by Segment
Forward Guidance
The Company is providing fiscal year 2024 guidance for Adjusted net income in the range of $4.50 to $5.00 per diluted share. The Company also is providing fiscal year 2024 guidance for Adjusted EBITDA in the range of $225 million to $250 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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