MarineMax reports Q3 adjusted EPS $1.51, consensus $1.40

Reports Q3 revenue $757.7M, consensus $725.82M. “Despite persistent retail headwinds in Q3, our team executed well, delivering 5% top-line growth,” stated CEO Brett McGill. “…By strategically realigning our business, we’ve better positioned ourselves to weather market fluctuations and capitalize on emerging opportunities across our diverse portfolio…As part of our long-term operational improvement plan, we initiated strategic cost-cutting actions to better align our expense structure with the current operating environment and improve operating leverage,” McGill said. “During Q4 and into FY25, we expect to see increasing cost savings from these initiatives, which will further improve our cash flows.”