earnings
confidence high
sentiment neutral
materiality 0.75
MarineMax reports record Q3 revenue of $721.8M; diluted EPS $1.98 vs $3.17 YoY
MARINEMAX INC
2023-Q3 EPS reported
$4.22
revenue$1,800,111,000
- Revenue rose 4.8% to a record $721.8M; same-store sales increased slightly versus 5% decline a year ago.
- Net income $44.4M ($1.98 diluted EPS) vs $70.2M ($3.17) in prior-year; adjusted diluted EPS $2.07 vs $3.23.
- Gross margin 33.8% (down 50 bps) due to mix; SG&A as a % of revenue rose to 23.4% from 20.5%.
- Narrows fiscal 2023 adjusted EPS guidance to $5.10–$5.50 (prior $4.90–$5.50); adjusted EBITDA $225M–$245M.
- Completed acquisition of C&C Boat Works in Q3; IGY Marinas contributed to growth.