MarineMax posts sales, profit gains
MarineMax (NYSE: HZO), a Clearwater-based boat and yacht retailer, reported net income of $19.1 million, or 84 cents a share, on revenue of $383.5 million for the third quarter of its fiscal year. Net income was up 4.5 percent and revenue was up 6 percent compared to the same period a year ago, a news release said. The company "outperformed" during a challenging quarter for the industry, said Brett McGill, president and CEO. Still, citing current business conditions and retail trends, the company lowered its guidance for fiscal 2019. It now expects earnings per share to range from $1.60 to $1.70, compared to the previous range of $1.75 to $1.85.