MarineMax US Stock Price, News & Analysis

MarineMax (NYSE:HZO), the world's largest recreational boat and yacht retailer, has announced the opening of its flagship Fort Myers Yacht Sales and Service Center in Florida. The new 23-acre waterfront facility features 276 rack storage spaces, 128 wet slips, and a 75-ton lifting capacity.

The center spans over 30,000 square feet and is strategically positioned to serve Southwest Florida's growing boating community. The facility integrates sales, maintenance, storage, and on-water support services in one location, with 40-foot-high bays designed to accommodate various vessel sizes.

MarineMax (NYSE:HZO) announced that its IGY Marinas division has been appointed as the marina operator for Wynn Al Marjan Island Marina in Ras Al Khaimah, UAE, marking IGY's second Middle East location. The marina will feature 101 berths accommodating yachts up to 85 meters in length.

The marina is part of Wynn Al Marjan Island, UAE's first integrated resort, set to open in 2027. The resort will feature 1,530 rooms and suites, 22 restaurants, lounges, and bars, along with extensive amenities including a theater, nightclub, beach club, and a 15,000-square-meter shopping promenade. IGY Marinas will provide pre-opening advisory services and post-opening management services.

MarineMax (NYSE:HZO), the world's largest recreational boat and yacht retailer, has appointed Odilon Almeida to its Board of Directors. Almeida, 64, an operating partner at Advent International, brings over 40 years of international business expertise and significant corporate governance experience.

The appointment coincides with the retirement of board members Evelyn V. Follit and G. Clinton Moore. Almeida, who previously served as CEO of ACI Worldwide and held senior roles at Western Union, will join the company's Audit Committee. At Western Union, he managed a $5 billion consumer business across 200+ countries. Following these changes, the MarineMax Board now consists of eight directors, with six being independent.

MarineMax (NYSE:HZO), the world's largest recreational boat retailer, reported challenging fiscal Q3 2025 results. Revenue declined 13.3% to $657.2 million, with same-store sales down 9%. The company posted a net loss of $52.1 million ($2.42 per share), including a $69.1 million non-cash goodwill impairment charge.

Gross margin decreased to 30.4% from 32.0% year-over-year. Higher-margin businesses, including marinas and superyacht services, helped offset pressure on new boat sales. The company's IGY Marinas division expanded with new locations in Savannah and UAE.

Due to challenging market conditions, MarineMax revised its FY2025 guidance, now expecting adjusted earnings of $0.45-$0.95 per share and adjusted EBITDA of $105-120 million.

MarineMax (NYSE:HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, has scheduled its Q3 fiscal 2025 earnings release for Thursday, July 24, 2025. The company will release results before the NYSE market opening.

A conference call will be held at 10:00 a.m. ET on the same day, led by CEO Brett McGill and CFO Mike McLamb. Investors can access the webcast through MarineMax's website or join via phone using the provided dial-in numbers.

MarineMax (NYSE:HZO), the world's largest recreational boat and yacht retailer, has expanded the role of Shawn Berg, Executive Vice President and Chief Digital Officer. Berg, who joined MarineMax in 2017 and was promoted to his current position in 2019, will now support the company's strategic growth and innovation initiatives across global divisions.

With over 30 years of experience in marine, automotive, and retail sectors, Berg brings expertise in finance, insurance, distribution, service, and supply chain operations. CEO Brett McGill emphasized that Berg's leadership and industry understanding will help advance MarineMax's commitment to delivering industry-leading customer experiences and sustainable financial performance.

MarineMax (NYSE: HZO), the world's largest recreational boat and yacht retailer, has announced the completion and opening of MarineMax Stuart Marina in Stuart, Florida. The new marina, built on Company-owned property adjacent to existing retail and service operations, is designed to accommodate larger center-console boats with storage capacity for over 100 vessels. The facility features state-of-the-art boat lifts capable of handling up to 56,000 pounds. This development marks the first marina project completed by MarineMax's marine construction subsidiary, Midcoast Marine Group, acquired in 2022. The expansion enhances MarineMax's integrated offerings in the growing Stuart market and creates synergies with their retail and service operations.

MarineMax (NYSE: HZO) has announced the opening of IGY Savannah Harbor Marina, a new state-of-the-art marina facility in Georgia. Located along the Savannah River on Hutchinson Island, the marina features almost 100 berths, including over 1,100 linear feet of deep-water dockage for superyachts. The facility offers comprehensive amenities including high-speed fueling, shore power, and IGY's concierge services. Strategically positioned just 5 miles from the Intracoastal Waterway and 25 minutes from Savannah/Hilton Head International Airport, the marina aims to serve vessels of all sizes. CEO Brett McGill emphasized that this opening aligns with MarineMax's strategy to expand into higher-margin, recurring revenue businesses while enhancing customer relationships.

MarineMax (NYSE: HZO), the world's largest recreational boat and yacht retailer, has earned the Great Place To Work Certification™ for the second consecutive year in 2025. The certification, based on employee feedback, places MarineMax among select companies recognized for outstanding workplace culture. CEO Brett McGill highlighted how the certification reflects their team's passion and commitment to customer service, evidenced by strong Net Promoter Scores.

The company has implemented various workplace initiatives including professional development programs, improved work-life balance measures, and enhanced benefits like paid parental leave. According to Great Place To Work research, certified workplaces demonstrate superior leadership qualities, with job seekers being 4.5 times more likely to find great leaders at these organizations.