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.
MarineMax, Inc. (NYSE: HZO) announced the appointment of Shawn Berg and Kyle Langbehn as executive officers, effective October 1, 2022. Berg, previously Chief Digital Officer, brings over 30 years of experience in technology and business growth. Langbehn has been with MarineMax since 2002 and served as President of Retail Operations. CEO W. Brett McGill expressed confidence in their leadership to drive strategic growth and enhance customer experience. MarineMax is the largest recreational boat and yacht retailer globally.
MarineMax, Inc. (NYSE: HZO) has successfully completed its acquisition of Island Global Yachting LLC (IGY Marinas) as of October 1, 2022. This strategic move enhances MarineMax's global marina business, adding 23 luxury marinas across the Americas, Caribbean, and Europe. The acquisition aligns with MarineMax's strategic plan to expand high-margin businesses and increase product offerings, creating cross-sell opportunities through its existing superyacht services. Additional financial information will be released with the company's fiscal 2022 results.
MarineMax, Inc. (NYSE: HZO) has appointed Mercedes Romero to its Board of Directors, effective October 1, 2022. Romero, currently the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW), brings over 25 years of experience across multiple industries, including Consumer Goods and Spirits. She has a proven track record in operational efficiencies and strategic planning, which is expected to enhance MarineMax’s growth strategy. Romero's international experience will provide new perspectives to the board during a pivotal growth phase for the company.
MarineMax, Inc. (NYSE: HZO) announced its acquisition of Island Global Yachting LLC for $480 million in cash, with an additional earnout of up to $100 million based on performance metrics. This strategic move aims to bolster MarineMax's recurring marina revenue and enhance its global superyacht services. IGY Marinas is projected to generate over $100 million in revenue for 2022. The acquisition is expected to close in the first half of fiscal 2023, projected to be accretive within the first year.
MarineMax, Inc. (NYSE: HZO), the leading recreational boat and yacht retailer, has secured
MarineMax, Inc. (NYSE: HZO) reported a record revenue of $688.5 million for Q3 2022, a 3% increase from the previous year's $666.3 million. Despite a 5% decline in same-store sales, net income rose to $70.2 million, leading to a 22% increase in earnings per diluted share, now at $3.17. Year-to-date, revenue reached $1.77 billion, an 11% increase. The company raised its FY 2022 EPS guidance to $8.05 to $8.45, up from $7.90 to $8.30, compared to $6.78 in fiscal 2021, demonstrating strong profitability despite ongoing supply chain challenges.
MarineMax, Inc. (NYSE: HZO) will host a webcast on July 28, 2022, at 10:00 a.m. ET to discuss its third quarter fiscal 2022 results.
The financial results will be released prior to market open on the same date. Investors can access the webcast via the Company’s investor relations website, with a replay available following the call.
MarineMax is the largest recreational boat retailer, operating over 100 locations worldwide and offering various marine services.
MarineMax, Inc. (NYSE: HZO) reported record second quarter results for the period ended March 31, 2022, with revenue growing 17% to $610.1 million. Same-store sales rose 7% on top of a 45% increase last year. Net income surged 37% to $53.5 million, while earnings per share climbed 40% to $2.37. For H1 FY2022, revenue increased 16% to $1.083 billion. MarineMax raised its FY2022 EPS guidance to $7.90 to $8.30, up from $7.60 to $8.00.
MarineMax, the largest recreational boat and yacht retailer globally, will host a webcast on April 28, 2022, at 10:00 a.m. Eastern Time, to discuss its second quarter fiscal 2022 results. The company will release its financial results prior to market opening on the same date. During the call, MarineMax may disclose important nonpublic information and forward-looking statements regarding its business operations and financial condition. Investors can access the webcast on the MarineMax website.
MarineMax, Inc. (NYSE: HZO) has completed its investment in Boatzon, the first fully online marine retailer. This strategic move enhances MarineMax's capabilities and aligns with its goals of higher margin growth and diversification. Boatzon offers consumers a comprehensive digital platform for purchasing marine products, streamlining the buying process. CEO W. Brett McGill emphasized that this partnership will improve customer experiences in the boating industry. The investment positions MarineMax as a leader in innovative technology within the marine retail space.
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