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MarineMax swings to profit in fiscal Q1

MarineMax Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to $133,750, compared with a loss of $2.1 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 increased to 0.1% from negative 1.9% in the year-earlier period.

Total revenue climbed 44.3% year over year to $158.1 million from $109.6 million, and total operating expenses rose 40.0% from the prior-year period to $156.8 million from $112.0 million.

Reported net income came to $249,480, or 1 cents per share, compared to a loss of $3.3 million, or a loss of 14 cents per share, in the prior-year period.