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, the largest recreational boat and yacht services company, reported fiscal Q2 results ending March 31, 2023. Revenue decreased 7% to $570.3 million, down from $610.1 million a year ago, largely due to a dip in boat sales amid seasonal trends and economic uncertainty. Despite this, gross margin reached a record 35.2%, aided by strategic acquisitions, including IGY Marinas. Net income fell to $30.0 million or $1.35 per diluted share, down from $53.5 million in Q2 2022. Adjusted EBITDA was $57.4 million. The company revised its fiscal 2023 guidance, now expecting Adjusted earnings between $4.90 and $5.50 per share. CEO Brett McGill highlighted ongoing strong demand and a historically high backlog as positive indicators for future performance.
MarineMax, Inc. (NYSE: HZO) is set to announce its second quarter fiscal 2023 financial results on April 27, 2023, before the market opens. A conference call will follow at 10:00 a.m. ET, hosted by CEO Brett McGill and CFO Mike McLamb. The call can be accessed via the Company's investor relations website, and a replay will be available shortly after the call concludes. MarineMax, the largest recreational boat and yacht services company, operates over 125 locations globally, including dealerships and marinas. The company integrates various high-end services, including yacht brokerage and vacation charters in the British Virgin Islands. This forthcoming financial disclosure is anticipated to provide insights into the company's performance in the recreational boating market.
MarineMax (NYSE: HZO) has appointed Anthony E. Cassella, Jr. as the new Executive Vice President Finance and Chief Accounting Officer. Cassella, who has been with the company since 1998, previously served as Vice President since February 2016 and Chief Accounting Officer since October 2014. CEO Brett McGill praised Cassella's dedication and leadership, highlighting his successful management of the financial team. MarineMax operates over 125 locations globally, providing various services including yacht sales, marinas, and vacation charters.
MarineMax, Inc. (NYSE: HZO) reported record revenue of $508 million for Q1 FY2023, a 7% increase from $472.7 million year-over-year. The growth was attributed to strategic acquisitions, including IGY Marinas. Despite the revenue increase, same-store sales dipped by 1%, and net income fell to $19.7 million ($0.89 per share) from $35.9 million ($1.59 per share) for the same quarter last year. Adjusted EBITDA was $53.2 million, slightly lower than $55.3 million in the prior year. The company updated its FY2023 guidance, projecting adjusted earnings per share between $6.90 and $7.40, and adjusted EBITDA of $275 million to $300 million.
