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MarineMax, Inc. - HZO STOCK NEWS

Welcome to our dedicated page for MarineMax news (Ticker: HZO), a resource for investors and traders seeking the latest updates and insights on MarineMax stock.

MarineMax, Inc. (symbol: HZO) is a leading United States-based company specializing in the sale of new and used recreational boats under premium brands. With a mission to provide unparalleled resources for boating enthusiasts, MarineMax offers a comprehensive range of services and products to enhance the boating experience.

MarineMax operates over 60 stores nationwide, staffed by friendly and knowledgeable professionals dedicated to helping customers connect with the water. The company's core business includes selling marine products such as engines, parts, and accessories. Additionally, MarineMax provides repair, maintenance, and storage services, ensuring that customers' boats remain in top condition.

MarineMax also offers boat financing and insurance solutions, making it a one-stop shop for all boating needs. The company's brokerage sales of boats and yachts, along with its yacht charter business, further diversify its offerings.

The company's operations are divided into two reportable segments: Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of MarineMax's revenue, primarily driven by the sale of new and used boats. The company is committed to delivering exceptional value through exclusive social and learning events, including Owners' Getaways!®, Rendezvous, Women on Water®, and Kids in Boating classes.

MarineMax's latest achievements include expanding its geographical footprint and enhancing its product portfolio. By providing a fully-stocked boating gear center, MarineMax ensures that customers have access to all the necessary parts and accessories to maximize their enjoyment on the water.

Overall, MarineMax, Inc. continues to solidify its position as a leader in the recreational boating industry, offering comprehensive solutions to meet the diverse needs of boating enthusiasts across the U.S.

Rhea-AI Summary
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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MarineMax, Inc. expands its floor plan facility from $750 million to $950 million, increasing liquidity and financial flexibility. The facility will be used to finance the purchase of new and used boat and yacht inventory. All other terms of the Company’s credit facilities remain unchanged.
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FAQ

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

The current stock price of MarineMax (HZO) is $28.13 as of January 3, 2025.

What is the market cap of MarineMax (HZO)?

The market cap of MarineMax (HZO) is approximately 631.4M.

What does MarineMax, Inc. specialize in?

MarineMax, Inc. specializes in the sale of new and used recreational boats under premium brands, as well as related marine products and services.

How many stores does MarineMax operate?

MarineMax operates over 60 stores nationwide in the United States.

What services does MarineMax provide?

MarineMax offers repair, maintenance, storage, boat financing, insurance, brokerage sales, and yacht charter services.

What are the reportable segments of MarineMax?

The reportable segments of MarineMax are Retail Operations and Product Manufacturing.

What events does MarineMax offer for boating enthusiasts?

MarineMax offers exclusive social and learning events such as Owners' Getaways!®, Rendezvous, Women on Water®, and Kids in Boating classes.

What is the primary revenue source for MarineMax?

The primary revenue source for MarineMax is the sale of new and used boats.

Does MarineMax offer boat parts and accessories?

Yes, MarineMax offers a fully-stocked boating gear center with all the necessary parts and accessories.

Where is MarineMax based?

MarineMax is based in the United States.

Does MarineMax provide yacht brokerage services?

Yes, MarineMax offers brokerage sales of boats and yachts.

What recent achievements has MarineMax accomplished?

MarineMax has recently expanded its geographical footprint and enhanced its product portfolio.
MarineMax, Inc.

NYSE:HZO

HZO Rankings

HZO Stock Data

631.41M
19.82M
11.95%
87.33%
7.44%
Specialty Retail
Retail-auto & Home Supply Stores
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United States of America
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