MarineMax (NYSE:HZO), a leading recreational boat dealer, reported a net profit of $4 million for its fiscal fourth quarter on Thursday, translating to earnings of 17 cents per share.
After adjustments for one-time gains and expenses, earnings rose to 24 cents per share, surpassing analysts' predictions of 18 cents per share, according to Zacks Investment Research.
Despite the earnings beat, revenue for the quarter came in at $563.1 million, slightly below the anticipated $572.5 million projected by analysts.
For the fiscal year, MarineMax reported a profit of $38.1 million, or $1.65 per share, on revenue of $2.43 billion.
Looking ahead, the company forecasts full-year earnings between $1.80 and $2.80 per share, reflecting its optimism in the recreational boating market despite broader economic uncertainties.