MarineMax hits new record in Q3 earnings
July 27, 2021 - Clearwater-based yacht and boat retailer MarineMax Inc. recently announced results for its third quarter ended June 30, which was its highest quarterly three results for this fiscal year. Revenue grew 34%, or over $168 million, to $666.3 million for the quarter. MarineMax credits the increased revenue to significant contributions from its recent strategic acquisitions as well as ongoing demand in the boating and yachting industry. Additionally, the net income and earnings per diluted share rose over 70 percent and 64 percent to $59.6 million and $2.59 million respectively. "We once again delivered record sales and earnings growth in the quarter, as demand for the boating lifestyle remained strong and our team continued to execute on our strategy of driving higher margin businesses, resulting in our strongest quarterly operating margin to date,” Brett McGill, CEO and President of MarineMax, said in a prepared statement. "Based on orders and inventory, our pricing model and our team’s commitment to executing on our strategic initiatives, we will capture additional growth in the years ahead.”