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
Walmart Inc. launched its first-ever car seat recycling event at nearly 4,000 stores across the country in partnership with waste management company TerraCycle. Customers who trade in used car seats at participating Walmart stores will receive a $30 Walmart gift card that can be used in store or online to buy items for their baby. Any brand of car seat is accepted through the program. Amazon Music launched a premium quality music service, Amazon Music HD, with more than 50 million songs in High Definition. The service also has millions of songs in Ultra High Definition. It is available for streaming in the U.S., U.K., Germany and Japan. Apple, Inc. is set to launch the much awaited Apple Arcade for mobile, desktop and the living room on September 19, 2019 in more than 150 countries. The world's first game subscription service can be accessed from an all-new tab on the App Store across iOS, macOS and tvOS. Apple Arcade will be available on the App Store on iOS 13. It will be available on iPadOS and tvOS 13 on September 30.
Follow RTT