Plus   Neg

MarineMax Q4 Profit Rises

MarineMax Inc. (HZO) reported that its net income for the fourth-quarter ended September 30, 2018, was $11.5 million or $0.50 per share, compared to net income of $3.9 million, or $0.17 per diluted share in the comparable period last year.

Excluding the impact from the gain in 2018 and the unusual items in 2017, adjusted earnings per share for the quarter ended September 30, 2018 increased 105% to $0.45, compared with adjusted diluted earnings per share for the same period last year.

For the quarter ended September 30, 2018, revenue increased over 23% to $309 million from $251 million for the comparable quarter last year. Same-store sales for the quarter grew 22%, on top of 5% growth for the comparable period last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share and revenues of $273.31 million for the quarter. Analysts' estimates typically exclude special items.

The company currently expects fully taxed earnings per share to be in the range of $1.85 to $1.95 for fiscal 2019. This compared to a non-GAAP adjusted diluted earnings per share of $1.70 in fiscal 2018. Analysts expect annual earnings of $1.68 per share.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Auto giant General Motors' (GM) Chevrolet unveiled its new stunning Corvette Stingray 2020. Stingray 2020, the eighth generation of the Chevrolet Corvette, has received the biggest change since its initial launch in 1953. The new 2020 Corvette is a mid-engine vehicle, which is its engine is behind... Amazon.com's Prime Day has brought a smile to the face of some photographers who may have grabbed their best deals of their lives. The e-commerce giant accidentally discounted a wide range of premium camera gear for Prime Day earlier this week, which may have proved costly for it. Thanks to a pricing error, some lucky customers were able to buy premium camera gear bundles for below $100. Women's clothing chain Dress Barn Inc. said it started store-closing or inventory clearance event sales at the 53 stores it plans to close by the end of August. The company expects to close all its stories by end of 2019. It also released a list of the nine stores closing in July and the stores closing in August. Dressbarn has hired Gordon Brothers Retail Partners to help with the store closures.
Follow RTT