MarineMax releases Q1 results

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Revenue at MarineMax grew more than $5 million, or 2 percent, to $241.9 million for the first quarter, and same-store sales grew 1 percent.

This caps a five-year period in which the December quarter has grown a cumulative 82 percent in same-store sales growth.

The December quarter, which often results in a loss quarter for most marine dealers, has been profitable for MarineMax for five consecutive years, the company said.

“We are pleased that our disciplined efforts continue to result in improved gross margins with strong year-over-year growth for the quarter,” said MarineMax president and CEO Brett McGill in a statement. We outperformed relative to our historical expectations for our December quarter as our mix of sales in the quarter was fairly balanced across all segments, with an edge toward larger product.”

Pretax earnings rose modestly to $6.5 million, which exceeded the record pretax earnings level attained in the December quarter last year.