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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.

Overview of MarineMax, Inc. (NYSE: HZO)

MarineMax, Inc. is a leading lifestyle retailer and service provider in the recreational marine industry, offering a comprehensive range of products and services designed to enhance the boating experience. Headquartered in the United States, MarineMax operates as a vertically integrated company, encompassing retail, manufacturing, and service-oriented segments. With a strong emphasis on customer engagement and community building, MarineMax caters to a diverse clientele, from casual boating enthusiasts to luxury yacht owners, positioning itself as a one-stop destination for all marine-related needs.

Core Business Areas

Retail Operations: MarineMax's primary revenue driver is its Retail Operations segment, which includes the sale of new and used recreational boats and yachts. The company partners with premium brands to offer a wide range of vessels, from entry-level powerboats to luxury motor yachts. Its extensive network of over 80 dealerships across the United States and internationally ensures broad market reach and accessibility.

Product Manufacturing: Complementing its retail operations, MarineMax owns and operates manufacturing brands such as Cruisers Yachts and Intrepid Powerboats. These brands are recognized for their high-quality craftsmanship and innovation in sport yachts, motor yachts, and powerboats, further strengthening MarineMax's portfolio.

Comprehensive Service Ecosystem

MarineMax differentiates itself through its integrated service offerings, which include:

  • Repair, Maintenance, and Storage: The company provides end-to-end solutions for boat owners, ensuring their vessels remain in optimal condition.
  • Financing and Insurance: MarineMax simplifies the purchasing process by offering tailored financing and insurance solutions through its in-house services.
  • Brokerage and Yacht Charters: The company facilitates the buying and selling of boats through its brokerage services and offers luxury yacht charters via MarineMax Vacations, providing unforgettable experiences in destinations like the British Virgin Islands.
  • Marina Operations: Through its subsidiary IGY Marinas, MarineMax manages luxury marinas in prime yachting and sport fishing locations worldwide, catering to the unique needs of superyacht owners.

Customer Engagement and Community Building

MarineMax places a strong emphasis on fostering a sense of community among its customers. This is achieved through exclusive events such as Owners' Getaways!®, educational programs like Women on Water® and Kids in Boating classes, and digital platforms that connect boaters with preferred marinas, dealers, and marine professionals. These initiatives not only enhance customer loyalty but also position MarineMax as a lifestyle brand rather than just a retailer.

Competitive Positioning

Operating in a competitive landscape, MarineMax sets itself apart through its vertically integrated business model, premium product offerings, and focus on high-margin services. Key competitors include Brunswick Corporation, OneWater Marine, and independent boat dealers. MarineMax's ability to combine retail, manufacturing, and service operations provides a unique value proposition, enabling it to capture a larger share of the marine market.

Market Significance

MarineMax's extensive network of dealerships, marinas, and service centers, coupled with its global reach through IGY Marinas and superyacht services, underscores its importance in the recreational marine industry. By addressing the needs of both entry-level boaters and luxury yacht owners, MarineMax has established itself as a comprehensive solution provider, driving customer satisfaction and long-term loyalty.

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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 $24.48 as of March 3, 2025.

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

The market cap of MarineMax US (HZO) is approximately 573.6M.

What does MarineMax, Inc. do?

MarineMax is a lifestyle retailer specializing in recreational boats, yachts, and marine services, including financing, insurance, maintenance, and yacht charters.

How does MarineMax generate revenue?

The company primarily generates revenue through the sale of new and used boats, complemented by services such as repair, maintenance, financing, and yacht charters.

What makes MarineMax unique in the marine industry?

MarineMax's vertically integrated model, premium product offerings, and focus on customer engagement through exclusive events and educational programs set it apart from competitors.

Who are MarineMax's key competitors?

Competitors include Brunswick Corporation, OneWater Marine, and independent boat dealers, among others in the recreational marine industry.

What services does MarineMax provide beyond boat sales?

MarineMax offers repair, maintenance, storage, financing, insurance, yacht brokerage, yacht charters, and marina operations through its subsidiaries.

What is MarineMax's global presence?

MarineMax operates over 130 locations worldwide, including dealerships, marinas, and storage facilities, and manages luxury marinas through IGY Marinas.

What brands does MarineMax own in boat manufacturing?

MarineMax owns premium manufacturing brands such as Cruisers Yachts and Intrepid Powerboats, known for their high-quality sport yachts and powerboats.

How does MarineMax engage with its customers?

MarineMax organizes exclusive events like Owners' Getaways!® and offers educational programs such as Women on Water® to foster community and enhance customer experiences.
MarineMax US

NYSE:HZO

HZO Rankings

HZO Stock Data

573.59M
19.94M
12.12%
87.41%
7.72%
Specialty Retail
Retail-auto & Home Supply Stores
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United States
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