Welcome to our dedicated page for MarineMax US news (Ticker: HZO), a resource for investors and traders seeking the latest updates and insights on MarineMax US stock.
MarineMax (HZO) delivers premium marine retail experiences through boat sales, yacht services, and lifestyle programming. This news hub provides investors and enthusiasts with essential updates shaping the recreational boating sector.
Access timely reports on earnings, product launches, and strategic partnerships alongside regulatory filings and market analyses. Our curated collection includes press releases about marina expansions, service innovations, and industry leadership initiatives.
Key updates cover quarterly financial results, acquisition activity in marine retail, and new dealership openings. Stay informed about HZO's evolving role in yacht brokerage services and marine financing solutions through verified primary sources.
Bookmark this page for streamlined tracking of MarineMax's operational milestones and market positioning within the $54B U.S. recreational boating industry. Check regularly for developments impacting marine retail trends and consumer marine spending patterns.
MarineMax (NYSE: HZO) reported record second quarter revenue of $631.5 million, up 8.3% year-over-year, with an 11% increase in same-store sales. The company achieved net income of $3.3 million ($0.14 per diluted share) and adjusted net income of $5.4 million ($0.23 per diluted share).
Gross profit margin decreased to 30.0% from 32.7% due to challenging retail conditions. The company's strategic diversification into marinas, superyacht services, and finance helped maintain strong performance. Notable developments include the acquisition of Shelter Bay Marine in Marathon, Florida, and successful cost management initiatives reducing adjusted SG&A expenses.
Due to uncertainty from recently implemented tariffs and shifting retail trends, MarineMax updated its fiscal 2025 guidance, lowering adjusted net income expectations to $1.40-$2.40 per diluted share (from $1.80-$2.80) and adjusted EBITDA to $140-170 million (from $150-180 million).
MarineMax (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, has scheduled the release of its second quarter fiscal 2025 financial results before the NYSE opening on Thursday, April 24, 2025.
The company will host a conference call at 10:00 a.m. ET on the same day, featuring CEO and President Brett McGill and EVP, CFO and Secretary Mike McLamb. Investors can access the webcast through the company's investor relations website or join the live call by dialing 877-407-0789 (U.S./Canada) or 201-689-8562 (International).
MarineMax (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, has completed its acquisition of Shelter Bay Marine, a full-service marina and storage facility located in Marathon, Florida. The strategic acquisition expands MarineMax's presence in the Middle Keys region and is expected to be accretive in the first full year of operations.
The integration of Shelter Bay's experienced team into MarineMax aligns with the company's long-term growth and margin enhancement strategy, strengthening its ability to serve boaters across the region.
MarineMax (NYSE: HZO) has announced a definitive agreement to acquire Shelter Bay Marine, a full-service marina and storage facility in Marathon, Florida Keys. The acquisition, expected to close by June 2025, will be accretive in its first full year of operations.
The facility features unrestricted direct ocean access without bridge height limitations and can store over 175 boats. It offers comprehensive service and retail facilities. The strategic acquisition strengthens MarineMax's presence in the Middle Keys, complementing their Ocean Reef and Islamorada locations while advancing their higher-margin business strategy.
MarineMax (NYSE: HZO) reported fiscal 2025 first quarter results with revenue of $468.5 million, down 11.2% year-over-year, amid a challenging retail environment and hurricane impacts. Same-store sales decreased by 11%. Despite lower revenue, gross margin improved by 290 basis points to 36.2%, driven by promotional activities and higher-margin business contributions.
The company reported net income of $18.1 million, or $0.77 per diluted share, and adjusted net income of $4.1 million, or $0.17 per diluted share. Adjusted EBITDA was $26.1 million, nearly flat compared to the previous year. MarineMax continued its expense-reduction initiatives, including closing three locations, and reaffirmed its fiscal 2025 guidance with expected adjusted net income of $1.80 to $2.80 per diluted share and adjusted EBITDA of $150-180 million.
MarineMax (NYSE: HZO), the world's largest recreational boat, yacht, and superyacht services company, has announced it will release its first quarter fiscal 2025 financial results before the New York Stock Exchange opens on Thursday, January 23, 2025.
The company will hold a conference call at 10:00 a.m. ET on the same day, led by CEO and President Brett McGill and CFO Mike McLamb. Investors can access the webcast through the company's website investor relations section at www.marinemax.com. The webcast replay will be available within an hour after the call ends and will remain archived on the website for one year. For those preferring audio, the call can be accessed by dialing 877-407-0789 (U.S./Canada) or 201-689-8562 (International).
Levin Capital, a shareholder of MarineMax (NYSE: HZO), has called for the company's Board of Directors to conduct an immediate review of strategic alternatives. The shareholder specifically requests evaluation of MarineMax's marinas and traditional boat retail businesses, suggesting these segments could potentially unlock greater value if separated or monetized. Levin Capital also demands transparency regarding the marina segment's financial metrics, including revenues, operating profits, EBITDA, and cash flow, believing this review will help maximize shareholder value.
Island Capital Group has released its fourth letter to MarineMax (NYSE: HZO) shareholders, highlighting significant company shortcomings. The fiscal 2024 results showed a concerning 33% miss on Adjusted EBITDA guidance, delivering only $160 million versus the projected $238 million. The fiscal 2025 guidance of $150-180 million represents a mere 3% improvement.
The letter criticizes the IGY transaction's failure to improve earnings trajectory, pointing to declining Adjusted EBITDA from $240M (2023) to $160M (2024) and projected $165M (2025). Rising inventory levels and increased borrowing costs are further straining the company's performance. Island Capital suggests monetizing the YMRS Business at a double-digit EBITDA multiple to unlock shareholder value.
MarineMax (NYSE: HZO) reported fiscal 2024 fourth quarter revenue of $563.1 million, down 5% year-over-year, impacted by Hurricane Helene. Q4 gross margin remained stable at 34.3%, while net income was $4.0 million with diluted EPS of $0.17. For the full fiscal year 2024, revenue reached $2.43 billion with a 1% same-store sales increase despite challenging industry conditions. The company maintained strong margins through higher-margin businesses including marinas and superyacht services. For fiscal 2025, MarineMax projects Adjusted net income between $1.80 to $2.80 per diluted share and Adjusted EBITDA ranging from $150 million to $180 million.
MarineMax (NYSE: HZO), the world's largest recreational boat, yacht, and superyacht services company, announced it will release its fourth quarter and full year fiscal 2024 financial results before the NYSE opening on Thursday, October 31, 2024. The company will hold a conference call at 10:00 a.m. ET, hosted by CEO Brett McGill and CFO Mike McLamb. Investors can access the webcast through the company's website or join via phone using provided dial-in numbers.
