MarineMax Q2 revenue falls 7% YoY to $570.3M; guides FY adj. EPS to $4.90-$5.50

MARINEMAX INC

2023-Q2 EPS reported $2.23 revenue$1,078,267,000

Net income of $30.0M ($1.35 diluted EPS vs. $2.37 last year); adjusted EPS $1.23 vs. $2.40.
Record Q2 gross margin of 35.2% (up 150 bps YoY), driven by IGY Marinas and higher-margin businesses.
Same-store sales down 13%; contributions from IGY Marinas and boat manufacturing partly offset decline.
Fiscal 2023 guidance updated: adjusted EBITDA $220M-$245M, adjusted EPS $4.90-$5.50.
Interest expense surged to $13.3M from $0.7M due to higher rates and debt from IGY acquisition.

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 second fiscal quarter ended March 31, 2023 results: revenue $570.3 million, net income $30.0 million, EPS diluted EPS of $1.35.

Period: second fiscal quarter ended March 31, 2023
Revenue: $570.3 million
Net income: $30.0 million
EPS: diluted EPS of $1.35
Result: reported results

Exact text from the filing

• Revenue of $570.3 million • Record second-quarter gross margin of 35.2% • Net income of $30.0 million, or diluted EPS of $1.35; Adjusted diluted EPS of $1.23 • Adjusted EBITDA of $57.4 million • Company updates fiscal 2023 outlook • Earnings call at 10:00 a.m. ET today

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Source: SEC EDGAR

accession 0000950170-23-015009

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