MarineMax, Inc. - HZO STOCK NEWS

MarineMax, Inc. (NYSE: HZO) announced the acquisition of Nisswa Marine, a full-service dealer in Minnesota with $35 million in revenue in 2020. This strategic move is expected to boost MarineMax's margins and enhance its service in the area, leveraging Nisswa's extensive storage capabilities and premium brand offerings. The Wiczek family will continue to lead Nisswa, ensuring continuity in operations. CEO W. Brett McGill emphasized the alignment of company values and the potential for mutual growth.

MarineMax, the largest recreational boat retailer, has acquired Cruisers Yachts for $63 million, enhancing its product portfolio with premium American-made yachts. The acquisition includes a newly purchased manufacturing plant, increasing Cruisers' production capacity. This strategic move is expected to be accretive in the first full year and aligns with MarineMax's goal to improve gross margins. With over 100 years of heritage, Cruisers generated $75 million in revenue despite industry challenges, benefiting from a strong dealer network. The acquisition positions MarineMax for growth in the luxury yacht market.

MarineMax, the largest recreational boat and yacht retailer, reported a 70% revenue increase to $523.1 million for Q2 ended March 31, 2021, up from $308.5 million last year. Same-store sales rose over 45%. Net income surged to $38.9 million with earnings per share at $1.69, compared to $5.1 million and $0.23, respectively, from last year. For the first half of fiscal 2021, revenue grew 52% to $934.6 million, and same-store sales increased 33%. The company raised its fiscal year 2021 EPS guidance to $5.50 to $5.65.

MarineMax (NYSE: HZO) is set to hold a webcast to discuss its second quarter fiscal 2021 results on April 22, 2021, at 10:00 a.m. Eastern Time. The Company will release its financial results before the market opens on the same day. This call may include material nonpublic information and forward-looking statements regarding its operations and financial condition. MarineMax is a leading recreational boat and yacht retailer, managing over 100 locations globally, including 77 retail dealerships.

MarineMax, Inc. (HZO) reported a 35% increase in revenue for Q1 2021, reaching $411.5 million compared to $304.2 million in Q1 2020. Same-store sales grew over 20%, driven by a 35% increase in new unit sales. Net income surged to $23.6 million, translating to earnings per share of $1.04, up from $9.1 million and $0.41, respectively, last year. The company raised its fiscal 2021 EPS guidance to $4.00-$4.20, reflecting positive market conditions. Robust growth is attributed to strategic acquisitions and a rise in boating demand.

MarineMax, Inc. (NYSE: HZO) announced a webcast to discuss its first quarter fiscal 2021 results on January 28, 2021, at 10:00 a.m. ET. The financial results will be released prior to market open on the same day. Investors can access the webcast through the investor relations section of MarineMax's website. The company emphasizes potential forward-looking statements regarding its operations and financial condition during the call. As the largest recreational boat retailer worldwide, MarineMax operates over 100 locations globally, providing extensive marine products and services.

MarineMax, Inc. (HZO) reported record financial results for Q4 and FY 2020, ending September 30. Q4 revenue surged 29% to $398.8 million, driven by a 33% increase in same-store sales. Net income tripled to $25.6 million or $1.13 per diluted share. For FY 2020, revenue reached $1.51 billion, a 22% increase, with net income more than doubling to $74.6 million or $3.37 per diluted share. The company anticipates FY 2021 EPS between $3.70 and $3.90, bolstered by strategic acquisitions and a strong balance sheet.

MarineMax, Inc. (NYSE: HZO), the largest recreational boat and yacht retailer in the U.S., has scheduled a webcast for its fourth quarter and full year fiscal 2020 results. The event will take place on October 28, 2020, at 9:00 a.m. Eastern Time, following the pre-market release of financial results. The call may include material nonpublic information and forward-looking statements about the company's business and financial condition.

For more information, visit MarineMax's website.

MarineMax, Inc. (NYSE: HZO) announced the acquisition of SkipperBud’s and Silver Seas Yachts, significantly expanding its presence in the Great Lakes and West Coast markets. This acquisition, the largest in MarineMax's history, was valued at a fiscal 2019 revenue of $220 million. The deal adds 20 locations and 11 marina and storage facilities, nearly doubling MarineMax's marina portfolio. The acquisition is expected to be accretive in the first year, aligning with MarineMax's strategy to enhance its higher-margin businesses.