MarineMax (NYSE: HZO) reported Q2 EPS of $0.27, $0.13 better than the analyst estimate of $0.14. Revenue for the quarter came in at $271 million versus the consensus estimate of $257.07 million.

• Quarterly Revenue Grew Over 10% to $271 Million
• 8% Quarterly Same-Store Sales Growth
• Over 84% Quarterly Pretax Earnings Improvement
• Quarterly Earnings Per Diluted Share More than Doubles to $0.27
• Raises Annual Fiscal 2018 Guidance

William H. McGill, Jr., Chairman and Chief Executive Officer stated, “A combination of strong unit growth and constant focus on our higher margin businesses enabled our team to drive meaningful year-over-year gross margin and earnings per share improvement. As our industry continues to recover, the environment for capturing additional product margins remains encouraging. Our 8% same-store sales growth was driven by increased traffic at boat shows, online and in our stores, as demand was aided by strong consumer confidence. Our team executed well by controlling costs in the quarter, which allowed for strong flow-through, despite an unusual increase in health insurance claims in the quarter.”

Mr. McGill continued, “New, innovative models from our manufacturing partners are continuing to be well received and are helping to drive demand from existing boaters as well as those new to boating, as evidenced by our growing backlog. MarineMax remains well positioned to build on its industry leading share position as we enter the height of the boating season. Through continuing to deliver our customers the highest level of service, providing a broad array of new products and working to ensure that each boating experience is maximized, MarineMax will remain the retailer of choice for years to come.”

2018 Guidance

Based on current business conditions, retail trends, it’s most recent results and other factors, the Company is again raising its annual fiscal 2018 expectations for fully taxed earnings per diluted share to range from $1.44 to $1.50 versus prior expectations ranging from $1.30 to $1.40. These expectations do not take into account, or give effect for future material acquisitions that may be completed by the Company during the fiscal year or other unforeseen events.

GUIDANCE:

MarineMax sees FY2018 EPS of $1.44-$1.50, versus the consensus of $1.43.

For earnings history and earnings-related data on MarineMax (HZO) click here.