MarineMax Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to $243,750, compared with a loss of $1.2 million in the year-earlier period.
Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.
The normalized profit margin climbed to 0.1% from negative 0.9% in the year-earlier period.
Total revenue rose 26.0% year over year to $172.1 million from $136.6 million, and total operating expenses grew 24.0% on an annual basis to $170.5 million from $137.5 million.
Reported net income came to $505,320, or 2 cents per share, compared to a loss of $1.9 million, or a loss of 8 cents per share, in the year-earlier period.
