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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.
Marinemax
Marinemax
Marinemax Revenue by Segment
Revenue by Segment
Retail Operations Revenue
CapyFin.comProduct Manufacturing Revenue
CapyFin.com 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