MarineMax Q2 revenue $582.9M (+2%), net income $1.6M ($0.07 EPS); cuts FY adjusted EPS view to $2.20-$3.20

MARINEMAX INC

2024-Q2 EPS reported $0.11 revenue$1,110,166,000

Revenue $582.9M, up 2% YoY; same-store sales +2%; gross margin 32.7% vs 35.2% a year ago.
Net income $1.6M ($0.07 diluted EPS) vs $30.0M ($1.35); adjusted EPS $0.18 vs $1.23.
Adjusted EBITDA $29.6M vs $57.4M; cites elevated interest rates, inflation, promotional activity.
Revised FY 2024 guidance: adjusted EPS $2.20-$3.20, adjusted EBITDA $155M-$190M.
Completed purchase of Williams Tenders USA; expands distribution exclusivity in US/Caribbean for luxury yacht tenders.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARINEMAX INC updated its fiscal year 2024 guidance (lowered).

Period: fiscal year 2024
Guidance: lowered
Result: guidance update

Exact text from the filing

the Company is updating its fiscal year 2024 Adjusted net income 1,2 guidance to a range of $2.20 to $3.20 per diluted share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARINEMAX INC updated its fiscal year 2024 guidance (lowered).

Period: fiscal year 2024
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company also is revising fiscal year 2024 Adjusted EBITDA 1,2 guidance to a range of $155 million to $190 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MARINEMAX INC reported fiscal 2024 second quarter ended March 31, 2024 results: revenue Revenue of $582.9 million, net income Net income of $1.6 million, EPS diluted EPS of $0.07.

Period: fiscal 2024 second quarter ended March 31, 2024
Revenue: Revenue of $582.9 million
Net income: Net income of $1.6 million
EPS: diluted EPS of $0.07
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 2024 Second Quarter Results ~ Posts March Quarter Revenue of $582.9 Million, Up 2% Year-over-Year ~ ~ Reports Comparable Same-Store Sales Growth of 2% ~ ~ Revises Fiscal 2024 Financial Guidance ~ ~ Hosts Earnings Conference Call at 10:00 a.m. ET Today ~

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Source: SEC EDGAR

accession 0000950170-24-047928

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