Watch List: MarineMax Inc. (NYSE: HZO)

CLEARWATER, Fla., June 21, 2019 – MarineMax Inc. (HZO) recently reported fiscal second-quarter profit of $5.30M.

Revenue grew over 12% to $303.60M for the quarter ended March 31, 2019 from $270.60M for the comparable quarter last year. Same-store sales for the quarter increased 12% on top of 8% last year. Income before taxes was $7.20M for the quarter ended March 31, 2019, contrast to $7.80M for the same quarter last year. Net income was $5.30M, or $0.23 per diluted share, for the quarter ended March 31, 2019 contrast to net income of $6.20M, or $0.27 per diluted share, for the comparable quarter last year. Net income in the quarter ended March 31, 2018 benefitted from certain tax credits that represented about $0.40M, or $0.02 per diluted share.

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For the six-months ended March 31, 2019, revenue increased about 8% to $545.50M contrast with $507.50M for the same period last year. Same-store sales grew about 7% in the first half of fiscal year 2019 on top of 4% last year. Income before taxes was $13.70M for the six-month ended March 31, 2019 contrast to $14.30M for the same period last year. Net income for the six months ended March 31, 2019 was $10.20M, or $0.44 per diluted share, contrast with net income of $10.40M, or $0.46 per diluted share, for the comparable period last year. Net income in the first half of 2018 benefitted from certain tax credits that represented about $0.40M, or $0.02 per diluted share.

Richard McEntire

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