MarineMax reports record Q2 gross profit margin in 2023

MarineMax, the world's largest recreational boat, yacht and superyacht services company, has announced is financial results for its fiscal second quarter ended 31 March 2023, reporting a record gross profit margin for the quarter amid slowing top-line growth. 

Revenue in the second quarter reached $570.3 million, down seven per cent from last year's record March quarter revenue of $610.1 million. This led to a lower gross profit of $200.9 million in Q2 2023, compared with $205.3 million in the same period last year.