Marinemax ( (HZO) ) has released its Q4 earnings. Here is a breakdown of the information Marinemax presented to its investors.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
MarineMax, Inc. is a leading global retailer specializing in recreational boats, yachts, and superyacht services. The company operates in the leisure and lifestyle sector, offering a wide array of services from yacht concierge to marina management.
MarineMax recently reported its fourth quarter and full year results for fiscal 2024, highlighting challenges and resilience amid adverse weather conditions. Despite a 5% decrease in fourth-quarter revenue to $563.1 million due to Hurricane Helene, the company managed to maintain a strong gross margin of 34.3% by leveraging higher-margin businesses.
Key financial metrics for the fiscal year include a total revenue of $2.43 billion, a 1% increase in same-store sales, and a gross profit margin of 33.0%. The company faced a decrease in net income to $38.1 million for the year, as compared to $109.3 million in fiscal 2023, primarily due to the impact of severe weather and increased interest expenses.
MarineMax’s strategic focus on high-margin segments such as marinas and superyacht services has helped stabilize its margins despite industry-wide sales declines. The company remains committed to cost-efficiency and strategic consolidation to improve operating leverage going into fiscal 2025.
Looking ahead, MarineMax has issued guidance for fiscal 2025, projecting adjusted net income per share between $1.80 and $2.80 and adjusted EBITDA between $150 million and $180 million. The company continues to adapt its strategies to navigate through economic challenges and unforeseen events such as weather disruptions.
