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, Inc. (NYSE: HZO) is described as the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company. The HZO news feed features updates that reflect this broad role in the recreational marine industry, including financial results, leadership changes, marina developments, and activities of key subsidiaries.
Investors can find earnings announcements and quarterly and annual results, which MarineMax reports through press releases and Form 8-K filings. These updates often highlight segment performance across Retail Operations and Product Manufacturing, as well as contributions from higher-margin areas such as finance and insurance, parts and service, superyacht services, and marina operations.
The news flow also covers corporate developments, such as board appointments and executive role changes, that relate to MarineMax’s governance and strategic focus. For example, the company has reported the appointment of directors with technology and global operations experience and the transition of senior executives to roles focused on global yacht sales.
Because MarineMax operates an integrated platform that includes IGY Marinas, Fraser Yachts Group, Northrop & Johnson, Cruisers Yachts, Intrepid Powerboats, and MarineMax Vacations, the HZO news stream may also include announcements from these businesses. These can range from marina redevelopment projects and new marina management mandates to product introductions by manufacturing subsidiaries and participation in major boat shows and yachting events.
For readers following HZO, the news page provides a consolidated view of MarineMax’s financial disclosures, operational milestones, marina and superyacht initiatives, and other corporate announcements related to its global recreational marine activities.
MarineMax, Inc. (NYSE: HZO), the largest recreational boat and yacht retailer, will release its first quarter fiscal 2023 financial results before the market opens on January 26, 2023. A conference call will follow at 10:00 a.m. ET, hosted by CEO Brett McGill and CFO Mike McLamb. Investors can access the call via the company's website or by dialing the provided numbers. MarineMax operates over 125 locations worldwide, including retail dealerships and marinas, and is involved in yacht brokerage and charter services. The company also manufactures boats through its subsidiaries and offers marine financing and insurance services.
MarineMax, Inc. (NYSE: HZO), the largest recreational boat and yacht retailer, has acquired Boatzon, a fully online boat and marine retail platform, through its technology entity, New Wave Innovations. This acquisition aims to enhance customer experience in financing, purchasing, and insuring boats online. Shawn Berg, MarineMax's Chief Digital Officer, emphasized that the integration of Boatzon will bolster technological growth in the marine industry. Boatzon co-founders expressed excitement about the opportunities to further innovate within MarineMax's framework.
MarineMax, Inc. (NYSE: HZO) has announced the formation of New Wave Innovations, a new entity aimed at expanding technology-related products and services in the boating industry. The company confirmed its plan to acquire the remaining 75% interest in Boatzon, completing the transaction by the end of the fiscal second quarter on March 31, 2023. This move follows MarineMax's initial investment in Boatzon in December 2021, highlighting the company’s commitment to integrating technology into its services while enhancing growth opportunities for both Boatyard and Boatzon.
MarineMax, Inc. (NYSE: HZO) has announced the acquisition of Midcoast Construction Enterprises, LLC, a prominent full-service marine construction firm based in Central Florida. This acquisition enhances MarineMax's marina portfolio and adds essential skills to its service offerings. The deal includes waterfront real estate along the Anclote River, facilitating expansion in the Tampa Bay area. CEO W. Brett McGill emphasized the strategic importance of this move in executing the company's growth strategy by integrating well-managed, high-performing businesses.
MarineMax, Inc. (HZO) reported record fourth quarter revenue of $536.8 million, a 16% increase year-over-year, driven by robust demand and strategic acquisitions despite Hurricane Ian's impact. Same-store sales rose by 11%. The company achieved a diluted EPS of $1.73, up from $1.45 in the prior year. For fiscal 2022, revenue topped $2.31 billion, with a diluted EPS of $8.84, surpassing guidance. The fiscal 2023 guidance projects EPS between $7.90 to $8.40, reflecting solid growth and strategic positioning.
MarineMax, Inc. (NYSE: HZO), the largest recreational boat and yacht retailer globally, will hold a webcast on October 27, 2022, at 10:00 a.m. Eastern Time to discuss its fourth quarter and full year fiscal 2022 results. The financial results will be released prior to market opening on the same day. Interested parties can access the webcast via the company's website. The call may include material nonpublic information and forward-looking statements regarding the company's operations and financial condition.
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.
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