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) 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.
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.