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MarineMax US - HZO STOCK NEWS

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.

About MarineMax US (HZO)

MarineMax US stands at the crossroads of recreational boating and premium marine services, offering an expansive portfolio that includes the sale of new and used recreational boats, advanced marine products, and comprehensive support services. As a critical player in the marine retail space, MarineMax has established itself as a trusted name for boating enthusiasts, professionals and lifestyle consumers. The company operates through diversified segments including Retail Operations and Product Manufacturing, with its retail arm delivering a majority of the company’s revenue through an expansive network of dealership locations and marina facilities.

Core Business and Operational Segments

The central focus of MarineMax is on providing a complete boating experience. Its operations span several customer touch points:

  • Recreational Boat Sales: Specializing in the sale of premium new and used boats, MarineMax caters to boating aficionados seeking quality and reliability. This segment includes a broad spectrum of recreational watercraft documenting the company’s expertise in marine retail.
  • Marine Products and Accessories: The company supplies a fully-stocked boating gear center which offers the parts and accessories necessary for boat maintenance and enhancement, ensuring that boating enthusiasts can maximize their time on the water.
  • Service and Support Operations: Beyond sales, MarineMax offers repair, maintenance, and storage solutions. Complementary services such as boat financing, insurance, and brokerage sales add layers of support that complete the boating lifecycle.
  • Leisure and Lifestyle Services: With initiatives such as exclusive social and learning events (owners' getaways®, women on water® and kids in boating classes), MarineMax integrates community building with its business, enhancing customer loyalty and a sense of belonging among boating aficionados.

Market Position and Industry Distinctiveness

MarineMax US operates in a competitive marine retail landscape, facing competition from regional dealers and other national franchises. What sets the company apart is its integrated service model that not only facilitates boat acquisition but also nurtures long-term customer relationships through educational and lifestyle events. This comprehensive approach strengthens its market standing by aligning expert product offerings with value-added support services that resonate with both seasoned boaters and newcomers alike.

Integrated Services and Customer Experience

The company’s commitment to customer service is evident in its strategic integration of services. With a network of showrooms and marina locations staffed by knowledgeable professionals, MarineMax ensures that every customer interaction is supported by expert advice and comprehensive after-sales service. The company further supports the boating lifestyle by offering financing and insurance services, which simplify the buying process and make boating more accessible to a diverse customer base.

Expertise and Industry Terminology

MarineMax US leverages deep industry expertise by using specialized terminology and concepts relevant to the marine sector. Terms such as "marine retail", "yacht brokerage", and "recreational boating" are not only part of its core language but also define its market positioning as a holistic provider of both products and associated services. This approach reflects a strong foundation in operational excellence and industry-specific know-how, assuring customers and investors of the company’s robust understanding of market dynamics.

Competitive Landscape and Value Proposition

In the broader landscape of marine retail and services, MarineMax emphasizes a well-rounded customer proposition that combines product quality with experiential enhancements. With a nationwide presence and a commitment to community and education, the company differentiates itself not simply as a seller of boats but as a partner in the boating lifestyle. This unique positioning allows it to cater to multiple facets of the marine industry, from high-end recreational boating to essential maintenance and support services.

Conclusion

MarineMax US (HZO) represents a significant entity within the recreational boating sector, seamlessly integrating sales, service, and lifestyle elements. Its diverse portfolio serves as a testament to the company’s commitment to enriching the boating experience while ensuring that every aspect of marine ownership is supported by expert knowledge and superior customer service. By marrying a comprehensive range of products with immersive community-driven events and efficient support services, MarineMax underscores its relevance as a multifaceted marine retail and service provider in an ever-evolving industry.

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MarineMax, Inc. (NYSE: HZO) reports fiscal 2024 second-quarter revenue of $582.9 million, up 2% year-over-year, with comparable same-store sales growth of 2%. The gross profit margin was 32.7%, net income stood at $1.6 million, with adjusted diluted EPS of $0.18. The company revised its fiscal 2024 financial guidance and hosted an earnings conference call.
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MarineMax, Inc. (NYSE: HZO) will announce its second quarter fiscal 2024 financial results on April 25, 2024, before the NYSE opens. A conference call will be held at 10:00 a.m. ET with CEO Brett McGill and CFO Mike McLamb. Investors can access the webcast on the company's website or join the call via phone.
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MarineMax, Inc. (NYSE: HZO) announces a new $100 million stock repurchase plan, replacing the 2020 plan. The company aims to repurchase shares to mitigate dilution effects and for general corporate purposes.
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MarineMax, Inc. (NYSE: HZO) completes the acquisition of Williams Tenders USA, Inc., a premier distributor for Williams Jet Tenders Ltd. The acquisition is expected to be accretive in its first full year of operations, enhancing margin profile and customer relationships.
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MarineMax, Inc. (HZO) reported a record December quarter revenue of $527.3 million and a 4% same-store sales increase. The company also updated its fiscal 2024 guidance and hosted an earnings conference call. Despite a challenging retail environment, the CEO expressed pride in the team's performance, attributing the growth to aggressive pricing actions and industry support. However, lower gross margins and profitability were recorded due to increased discounting on certain boat models and a greater mix of larger boats. The company is cautiously encouraged by the strong start to the winter boat show season and plans to acquire Williams Tenders USA to expand its portfolio. Fiscal 2024 first-quarter results showed a 4% top-line growth, but gross profit margin decreased by 350 basis points due to a more aggressive promotional environment. The company is focused on capturing further synergies, increasing earnings power, and expanding its portfolio of higher-margin product and service offerings. The fiscal 2024 guidance was updated to a range of $3.20 to $3.70 per diluted share for adjusted net income and $190 million to $215 million for adjusted EBITDA.
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MarineMax, Inc. (NYSE: HZO) is set to release its first quarter fiscal 2024 financial results on January 25, 2024. The company will conduct a conference call hosted by CEO Brett McGill and CFO Mike McLamb. The webcast and online replay will be available on the company's website. Investors and traders can access the live call via phone as well.
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MarineMax, Inc. (NYSE: HZO) acquires Williams Tenders USA, Inc., a premier distributor and retailer of luxury yacht tenders. The acquisition is expected to be accretive in the first full year of operations, adding value to MarineMax's portfolio of integrated marine assets.
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MarineMax, Inc. (NYSE: HZO) has announced its fiscal 2023 fourth quarter and full year results, reporting record revenue and strong same-store sales growth. The company achieved a record revenue of $594.6 million in Q4, up 11% from the previous year, with a solid gross profit margin of 34.3%. For the full year, MarineMax recorded a revenue of $2.39 billion, up 4% from the previous year. The company's CEO and President, Brett McGill, expressed excitement about the future and the potential for expansion and synergies within the superyacht services and luxury yacht offerings.
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MarineMax to release fiscal 2023 Q4 and full year financial results on October 26, 2023
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Fraser Yachts to acquire majority interest of Atalanta Golden Yachts, strengthening MarineMax's position as world's largest provider of superyacht services.
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FAQ

What is the current stock price of MarineMax US (HZO)?

The current stock price of MarineMax US (HZO) is $21.65 as of April 1, 2025.

What is the market cap of MarineMax US (HZO)?

The market cap of MarineMax US (HZO) is approximately 493.2M.

What is the primary business of MarineMax US?

MarineMax US is primarily engaged in the sale of new and used recreational boats along with related marine products, accessories, and comprehensive service offerings.

Which business segments does MarineMax operate in?

The company operates mainly through its Retail Operations and Product Manufacturing segments, with a strong focus on boat sales, marine products, and integrated support services.

How does MarineMax enhance the customer boating experience?

In addition to boat sales, MarineMax offers repair, maintenance, storage, financing and insurance services, as well as exclusive lifestyle events that build a thriving boating community.

What kind of marine products and services does MarineMax provide?

MarineMax provides a wide array of marine products including boating accessories and parts, and offers specialized services such as boat financing, insurance, repair, and maintenance.

How does MarineMax differentiate itself in the marine retail industry?

Its distinctive integration of product offerings with comprehensive service support and lifestyle events helps MarineMax create a unique value proposition for boating enthusiasts.

Where can customers experience MarineMax services?

Customers can visit any of the nationwide locations staffed by knowledgeable professionals, where they can access both boating products and a variety of support services.

What industry-specific keywords are associated with MarineMax?

Key terms include "marine retail", "recreational boating", and "yacht services", which underscore the company’s role in the premium boating sector.
MarineMax US

NYSE:HZO

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HZO Stock Data

493.20M
19.96M
12.08%
87.84%
10.36%
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