Oct 31, 8:15 AM ET
MarineMax Q4 revenue falls 5% to $563.1 million; net income drops to $4.0 million
MarineMax reported fiscal fourth-quarter revenue of $563.1 million, down 5% from a year earlier, and net income of $4.0 million, or $0.17 per diluted share, versus $15.1 million, or $0.67, in the prior-year quarter. The company linked the sales decline to Hurricane Helene and issued fiscal 2025 guidance of $1.80 to $2.80 in adjusted diluted EPS and $150 million to $180 million in adjusted EBITDA. For shareholders, the sharp drop in quarterly profit and the wide guidance range point to a weaker period, although full-year same-store sales rose 1%.
- Q4 revenue was $563.1 million, down 5% from $594.6 million; same-store sales fell 5%, which the company attributed to Hurricane Helene.
- Q4 net income was $4.0 million, or $0.17 per diluted share, versus $15.1 million, or $0.67, a year earlier; adjusted diluted EPS was $0.24 versus $0.69.
- Full-year fiscal 2024 revenue was $2.43 billion and net income was $38.1 million, or $1.65 per diluted share, versus $4.87 in fiscal 2023.
- Fiscal 2025 guidance: adjusted diluted EPS of $1.80 to $2.80 and adjusted EBITDA of $150 million to $180 million.