MarineMax US - HZO STOCK NEWS

MarineMax (NYSE: HZO) announces significant changes to its Board of Directors to strengthen governance. William H. McGill, Jr. will retire as director and Executive Chairman, effective June 30, 2024. Rebecca J. White, Ph.D., a director since 2018, will become Chair of the Board on the same date. Joseph A. Watters, a director since 2005, will also retire by June 30, 2024. Following these changes, the Board will consist of 10 directors. These moves reflect MarineMax's commitment to strong governance and diverse leadership. Both McGill and Watters have been praised for their contributions, while White is recognized for her expertise in entrepreneurship, innovation strategy, and effective management.

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.

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.

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.

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.

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.

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.

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.

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.