South Florida Intercoastal

Member News: MarineMax Record Results in First Quarter

By: MIASF Staff

Date posted: Mar 02, 2022 Wed

MarineMax announced record results for its fiscal first quarter ending Dec. 31, 2021.
The company reported that revenue increased 15 percent to a record $472.7 million, up from $411.5 million for the previous-year period.
MarineMax attributed the growth to its strategic acquisitions and strong same-store sales growth of 9 percent, driven by increased unit sales. The same-store sales growth was on top of more than 20 percent growth in the comparable period last year.
Net income increased 52 percent to $35.9 million, and earnings per diluted share grew 53 percent to $1.59, up from $1.04 in the comparable period a year prior.