MarineMax (NYSE: HZO) reported Q4 EPS of $0.45, $0.22 better than the analyst estimate of $0.23. Revenue for the quarter came in at $309 million versus the consensus estimate of $273.31 million.

• Fourth Quarter Revenue Increases to $309 Million
• Fourth Quarter Same-Store Sales Grew 22%
• Fourth Quarter Diluted EPS of $0.50; Adjusted Fourth Quarter Diluted EPS of $0.45
• Fiscal 2018 Revenue Improves 12% to $1.2 Billion
• Fiscal 2018 Diluted EPS of $1.71 and Adjusted Fiscal Diluted EPS of $1.70
• Company Provides Annual Guidance for Fiscal 2019

W. Brett McGill, Chief Executive Officer and President, stated, “The MarineMax team delivered a very strong fourth quarter, with same-store sales growth of 22%, capping an already strong fiscal 2018. The effectiveness of our customer centric approach, combined with the great benefits of the boating lifestyle, and our team’s passion, drove our strong performance. Considering that the mix of sales in the quarter was skewed toward larger yachts, we delivered consolidated gross margins that were above our expectations.”

Mr. McGill continued, “Our strong 2018 results reduced our inventory levels as we planned and added meaningful strength to our already formidable balance sheet. We are well positioned to take advantage of opportunities as they arise. Looking ahead, we will work to build on the achievements of this past fiscal year. Our focus will remain on growing our higher margin businesses, as we take advantage of new innovative products we are receiving to drive sales, margin and earnings growth while we build additional shareholder value.”

GUIDANCE:

MarineMax sees FY2019 EPS of $1.70, versus the consensus of $1.68.

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