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MarineMax posts record revenue for FY 2020

October 28, 2020 - MarineMax, a Clearwater-based recreational boat and yacht retailer, reported $74.6 million in net income, or $3.37 a share, on revenue of $1.51 billion for the fiscal year ended Sept.30. Revenue was up 22 percent from the prior year and net income more than doubled, the company said in a news release. The boating industry experienced a "foundational shift" in 2020, CEO and President Brett McGill said. The company expanded its customer base and expects many existing and new customers to upgrade to larger boats and additional services in the future. Based on current business conditions and retail trends, MarineMax expects earnings per share in fiscal 2021 to be between $3.70 and $3.90.

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