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. (HZO) reported a record Q1 revenue of $472.7 million, a 15% increase from $411.5 million last year. Net income surged 52% to $35.9 million, with earnings per share rising 53% to $1.59 compared to $1.04 a year ago. Strong same-store sales growth of 9% was driven by unit sales, despite ongoing supply chain challenges. The company raised its fiscal 2022 EPS guidance to $7.60 to $8.00, up from $7.20 to $7.50, reflecting robust demand and strategic acquisitions.
MarineMax (NYSE: HZO) will hold a webcast on January 27, 2022, at 10:00 a.m. ET to discuss its first quarter fiscal 2022 results. The financial results will be released prior to the market opening on the same day. Stakeholders can access the webcast through the investor relations section of the company’s website. This call may include nonpublic information and forward-looking statements about the company’s financial health and operations.
MarineMax, Inc. (NYSE: HZO) has successfully acquired Intrepid Powerboats, a leading manufacturer of customized powerboats, generating over
MarineMax Acquires Texas MasterCraft
MarineMax, Inc. (NYSE: HZO), the largest recreational boat retailer globally, has acquired Texas MasterCraft, a leading towboat dealer in Dallas, Texas, the U.S.'s largest towboat market. In 2020, Texas MasterCraft reported revenues exceeding $45 million. The acquisition is projected to be accretive within its first year, enhancing MarineMax's service capabilities and market presence in North Texas. Texas MasterCraft, managed by industry veteran Jimmy Harvell, will continue operating its two locations with MarineMax's support.
MarineMax, Inc. (NYSE: HZO) reported record financials for Q4 and FY 2021, with revenue increasing by 16% to $462.3 million in Q4 and 37% to $2.06 billion for the full year. Despite a 7% decline in same-store sales due to inventory constraints, net income for Q4 rose to $32.8 million ($1.45 per share) from $25.6 million ($1.13 per share) year-on-year. The company provided guidance for FY 2022, expecting EPS to range between $7.20 and $7.50.
MarineMax, Inc. (NYSE: HZO) plans to host a webcast on October 26, 2021, at 10:00 a.m. Eastern Time to discuss its fourth quarter and full year fiscal 2021 results. The financial results will be publicly released before the market opens on the same date. MarineMax is recognized as the world’s largest recreational boat and yacht retailer, operating over 100 locations globally. The webcast will include potential forward-looking statements concerning the company's business and financial condition.
MarineMax, Inc. (NYSE: HZO) has announced its acquisition of Intrepid Powerboats, a leading powerboat manufacturer, expected to close by December 31, 2021. This acquisition aims to be accretive in its first year, leveraging MarineMax's resources to enhance Intrepid's customer service and innovation. Intrepid reported revenues exceeding
MarineMax, Inc. (NYSE: HZO), the leading recreational boat and yacht retailer, has appointed Adam M. Johnson to its Board of Directors. Johnson, who has served as Chairman and CEO of NetJets, brings 25 years of senior leadership experience. CEO William Brett McGill expressed enthusiasm about Johnson's appointment, noting his alignment with MarineMax's commitment to customer service and growth. Johnson is eager to assist MarineMax in achieving its strategic goals, drawing parallels between both companies' business models.
MarineMax, Inc. (NYSE: HZO) reported a 34% increase in revenue for Q3 2021, totaling $666.3 million, up from $498.3 million in Q3 2020. Same-store sales rose 6%, on a backdrop of strong demand for recreational boating and strategic acquisitions. Net income surged over 70% to $59.6 million or $2.59 per diluted share. For the first nine months of FY 2021, revenue reached $1.6 billion, up 44% year-over-year. The company raised its 2021 EPS guidance to $6.40-$6.55, up from $5.50-$5.65.
MarineMax, the largest recreational boat and yacht retailer globally, announced a webcast to discuss fiscal Q3 2021 results on July 22, 2021, at 10:00 a.m. ET. The financial results will be released prior to the market opening on the same day. The company operates over 100 locations worldwide, including 78 retail dealerships and 31 marinas, and offers a range of boating products and services. MarineMax is also a key player in super-yacht services through its subsidiaries. Investors can access the webcast via the company's website.
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