MarineMax Q1 revenue up 7% to $507.9M; net income drops to $19.7M; updates FY2023 guidance

MARINEMAX INC

2023-Q1 EPS reported $0.89 revenue$507,927,000

Revenue of $507.9M, up 7% YoY; record December quarter gross margin of 36.8%.
Net income of $19.7M ($0.89 diluted EPS) vs $35.9M ($1.59) last year; adjusted net income $27.3M ($1.24).
Same-store sales declined 1% YoY; supply chain and macroeconomic headwinds cited.
Adjusted EBITDA of $53.2M, down from $55.3M; excluding currency changes was $55.6M.
FY2023 guidance updated: adjusted EPS $6.90-$7.40, adjusted EBITDA $275M-$300M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARINEMAX INC reported first fiscal quarter ended December 31, 2022 results: revenue $507.9 million, net income $19.7 million, EPS $0.89 per diluted share.

Period: first fiscal quarter ended December 31, 2022
Revenue: $507.9 million
Net income: $19.7 million
EPS: $0.89 per diluted share
Result: reported results

Exact text from the filing

incorporation language in the filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 MarineMax Reports Fiscal 2023 First Quarter Results ~ Record December Quarter Revenue of $508 Million, Up 7% ~ ~ Record December Quarter Gross Margin of 36.8% ~ ~ Net Income of $19.7 Million, or $0.89 per Share; Adjusted Net Income of $27.3 Million, or $1.24 per Share ~ ~

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Source: SEC EDGAR

accession 0000950170-23-001193

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