MarineMax cruises to success in Q3

Clearwater, Fla. – Recreational boat retailer MarineMax Inc. should be floating after receiving positive fiscal results for the third quarter of fiscal 2015. Net income sailed 29% to $14.9 million from $11.5 million in the same period the prior year, aided by gains from sale of real estate.



Revenue grew approximately 8% to $231.8 million, compared with $214.4 million. Same-store sales increased approximately 10%.



“We continue to make steady progress as our team leverages the strategies we have put in place to meet the needs of our growing customer base,” said William H. McGill, chairman, president and CEO. “We produced solid growth in revenue and earnings per share, along with our third consecutive quarter of sequential improvement in gross margins despite the mix of products in the June quarter being heavily influenced by the sale of used boats, which carry lower margins.”