MarineMax reports that the quarter ended 31 March 2020 saw a 2% increase in revenue to US$308.5m compared to the same period last year. Same store sales increased a modest 1% compared to 2019, while net income was US$5.1m or $0.23 per diluted share, equaling the diluted share income figure from last year.

For the six months ended 31 March 2020, revenue increased over 12% to US$612.6m compared to the same period last year. Same-store sales were up near 12% in the first half of the fiscal year, pre-tax income rose 39% to US$19m for the six months ended 31 March 2020 compared to the same period last year. Net income for the period grew 38% to US$14.1m, with earnings per diluted share rising 46% to $0.64 per diluted share.

CEO and president Brett McGill provided further commentary on the company’s results during a call with investors, discussing current trends in the market and notable differents in the current crisis compared to past industry downturns…

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