MarineMax

MarineMax, Inc. engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.

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MarineMax posts record revenue in Q1 2023 amidst industry challenges

MarineMax reported strong financial performance in Q1 2023, driven by record revenue and strategic acquisitions.
While facing challenges from industry trends, the company's focus on premium products and lean inventory management is notable.
Opportunities for growth exist through M&A strategies and enhancing the customer experience.
Overall, MarineMax's solid balance sheet and strategic initiatives position it well for future success.

MarineMax reports mixed Q2 results, focuses on growth strategies

MarineMax's Q2 performance was mixed with strong revenue but challenges in same-store sales. The company is focusing on leveraging acquisitions and real estate assets for growth opportunities while navigating market uncertainties.

MarineMax reports record Q3 revenue, eyes growth opportunities ahead

MarineMax's Q3 performance was strong, driven by record revenue, strategic initiatives, and acquisitions.
The company faces challenges but remains optimistic about growth opportunities and market positioning.
With adjusted guidance for 2023 and a focus on higher-margin businesses, MarineMax is poised for continued success.

MarineMax reports robust Q4 earnings, eyes M&A for market expansion

MarineMax's Q4 2023 performance reflects strong revenue growth, stable gross margins, and a focus on premium categories and acquisitions.
While facing challenges such as cost management and inventory alignment, the company is well-positioned to capitalize on opportunities like M&A and market expansion.
With a stable credit environment and a strong used boat market, MarineMax is navigating industry dynamics to drive growth and maintain financial stability.
The company's emphasis on customer service impact, digital retailing, and expense management underscores a strategic approach to sustainable growth.

MarineMax reports record revenue in Q1 2024 amidst retail challenges

MarineMax's Q1 2024 performance reflects record revenue and strong sales despite challenges.
Strategic acquisitions, digital investments, and customer satisfaction are key strengths.
Challenges include gross margin decline, inventory levels, and the need for buyer incentives.
Opportunities lie in improving inventory turnover, acquisitions, and positive retail outlook.

MarineMax exceeds Q2 revenue expectations amidst challenges and opportunities

MarineMax delivered strong Q2 revenue growth through robust boat sales and strategic acquisitions, despite challenges like lower industry demand and operational disruptions.
The company's focus on cost alignment, inventory optimization, and enhancing operational efficiency positions it well for sustained growth and improved financial performance.
With a proactive approach to addressing challenges and leveraging opportunities, MarineMax aims to maintain positive sales momentum, drive profitability, and enhance market competitiveness.

MarineMax reports revenue growth and strategic moves amidst industry challenges

MarineMax's Q3 performance reflects revenue growth and sustained margins despite challenges. Strategic acquisitions and cost-cutting actions aim to enhance long-term operations and profitability.
The company's focus on premium experiences, technology, and shareholder value creation underpins its strengths. Challenges include margin pressure from promotions and leadership transitions.
Opportunities lie in growth through acquisitions, cost savings initiatives, and leveraging strong liquidity. MarineMax remains resilient in a challenging retail environment, poised for sustained value creation.

MarineMax reports mixed Q4 results, eyes acquisitions for growth

MarineMax faced challenges in Q4 2024 due to Hurricane Helene but showed resilience with revenue growth in fiscal 2024 and strategic diversification.
The company aims to maintain stability in fiscal 2025 with flat industry unit trends and same-store sales, focusing on cost reduction and acquisitions for growth.
Despite lower net income in Q4 2024, MarineMax projects improved financial performance in fiscal 2025, targeting higher EBITDA and net income ranges.
Navigating promotional activities and inventory challenges, MarineMax remains optimistic about its position in the market and growth prospects.

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MarineMax, Inc. engages in the provision of boating-related activities. It operates through the Retail Operations and Product Manufacturing segments. The Retail Operations segment includes the sale of new and used recreational boats, pleasure, fishing boats, with a focus on premium brands. The Product Manufacturing segment involves the activity of Cruisers Yachts and Intrepid Powerboats subsidiaries. The company was founded in January 1998 and is headquartered in Olsmar, FL.

NEW YORK--(BUSINESS WIRE)--Today, Island Capital Group LLC released an open letter to the shareholders of MarineMax, Inc. (NYSE: HZO). The full text of the letter follows: July 9, 2024 Dear Shareholders of MarineMax, Inc., I am writing on behalf of Island Capital Group LLC (“ICG”) (www.islecap.com), a real estate oriented private equity and merchant banking firm of which I am the founder, chairman & CEO. I am also the founder and former Chairperson of Island Global Yachting (“IGY”), a compa.

Island Capital Group LLC Issues Open Letter to Shareholders of MarineMax, Inc.

MarineMax (HZO) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

MarineMax (HZO) Surges 27.0%: Is This an Indication of Further Gains?

Paramount Global

Stericycle

Paramount stock jumped while another stock was set to break out above an official buy point.

M&A Chatter Lifts These 3 Stocks In Early Trade. Skydance And Paramount Deal In Focus.

MarineMax has underperformed expectations but remains a bullish investment due to its attractive valuation. The company has managed to increase revenue, but it has come at a hefty cost to the bottom line. MarineMax's stock is attractively priced, and management has authorized a $100 million share buyback program that should add value to shareholders.

MarineMax: Staying The Course Despite Turbulent Waters

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, today announced the promotion of Manny A. Alvare, the Company's Vice President of Legal Affairs since October 2021, to the position of General Counsel. Mr. Alvare joined MarineMax as Corporate Counsel in 2018 after a distinguished career serving as in-house counsel for several Florida companies in a wide range of industries. During his tenure at MarineMax.

MarineMax Promotes Manny Alvare to General Counsel

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world's largest recreational boat, yacht and superyacht services company, today announced that the Board of Directors has announced several changes as part of its continued commitment to strong governance. The Board has appointed Rebecca J. White, PhD, a director since 2018 and seasoned governance expert, as Chair of the Board, effective June 30, 2024. Dr. White's appointment follows William H. Mc.

MarineMax Announces Board Changes Reflecting Continued Commitment to Strong Governance

Although the revenue and EPS for MarineMax (HZO) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Here's What Key Metrics Tell Us About MarineMax (HZO) Q2 Earnings

MarineMax (HZO) came out with quarterly earnings of $0.18 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $1.23 per share a year ago.

MarineMax (HZO) Misses Q2 Earnings and Revenue Estimates

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, today announced results for its second quarter ended March 31, 2024. Fiscal 2024 Second Quarter Summary March quarter revenue of $582.9 million Same-store sales increase of 2% Gross profit margin of 32.7% Net income of $1.6 million, or diluted EPS of $0.07; Adjusted diluted EPS1 of $0.18 Adjusted EBITDA1 of $29.6 million CEO & President Commentary “Al.

MarineMax Reports Fiscal 2024 Second Quarter Results

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its second quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, April 25, 2024. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secreta.

MarineMax to Report Second Quarter Fiscal 2024 Financial Results on Thursday, April 25, 2024

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, today announced that its Board of Directors approved a new stock repurchase plan. Under the plan, the Company is authorized to repurchase up to $100 million of its common stock during the period beginning today and ending March 31, 2026. This plan replaces the March 2020 plan (the “2020 plan”), as amended, which authorized the repurchase of up to 10 milli.

MarineMax Announces New Stock Repurchase Program

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, today announced that it has completed the acquisition of Williams Tenders USA, Inc. (Williams). Headquartered in Pompano Beach, Florida, Williams is a premier distributor and retailer for UK-based Williams Jet Tenders Ltd., the world's leading manufacturer of rigid inflatable jet tenders for the luxury yacht market. The acquisition is expected to be accre.

MarineMax Completes Acquisition of Premier Distributor and Retailer Williams Tenders USA

Vision Marine Technologies

MONTREAL, QC / ACCESSWIRE / February 13, 2024 / Vision Marine Technologies Inc., (NASDAQ:VMAR) ("Vision Marine" or the "Company"), a global leader and innovator within the performance electric recreational boating industry, announced today the appointment of Anthony E. Cassella Jr., Executive Vice President Finance and Chief Accounting Officer of MarineMax, Inc. (NYSE: HZO) to the Company's Board of Directors as an independent director.

Vision Marine Technologies, Inc. Appoints Anthony Cassella, Chief Accounting Officer of MarineMax, to the Board of Directors

The boat market is challenging this year.

Bear of the Day: MarineMax (HZO)

MarineMax reported revenue growth but profit margins fell. The company cut its earnings guidance for the year.

Why MarineMax Shares Were Sinking Today

MarineMax, Inc. (HZO) Q1 2024 Earnings Call Transcript

MarineMax (HZO) came out with quarterly earnings of $0.19 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $1.24 per share a year ago.

MarineMax (HZO) Lags Q1 Earnings Estimates

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, today announced results for its first quarter ended December 31, 2023. Fiscal 2024 First Quarter Summary Record December quarter revenue of $527.3 million Same-store sales increase of 4% Gross profit margin of 33.3% Net income of $0.9 million, or diluted EPS of $0.04; Adjusted diluted EPS1 of $0.19 Adjusted EBITDA1 of $26.6 million CEO & President Com.

MarineMax Reports Fiscal 2024 First Quarter Results

MarineMax's (HZO) focus on customer experience, technological innovation and strategic acquisitions are likely to have driven its Q1 top-line performance.

MarineMax (HZO) to Post Q1 Earnings: Key Factors to Note

CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world's largest recreational boat, yacht, and superyacht services company, plans to release its first quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, January 25, 2024. At 10:00 a.m. ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secret.

MarineMax to Report First Quarter Fiscal 2024 Financial Results on Thursday, January 25, 2024

Beacon Roofing Supply

PLDT

HZO, PHI and BECN made it to the Zacks Rank #1 (Strong Buy) value stocks list on December 19, 2023.

Best Value Stocks to Buy for December 19th

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is MarineMax (HZO) a Great Value Stock Right Now?

MarineMax is a major U.S. seller of new and used boats, benefiting from increased wealth among affluent customers during the pandemic. The company caters to the full-service boat ownership experience, including financing, insurance, charter, marina, maintenance, and storage options. MarineMax stock is currently undervalued and presents an attractive investment opportunity, assuming a deep recession can be avoided.

The Bottom Fishing Club: MarineMax

The average of price targets set by Wall Street analysts indicates a potential upside of 27.3% in MarineMax (HZO). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

News for MarineMax Stock (HZO)