MarineMax US Stock Price, News & Analysis

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.

MarineMax (NYSE: HZO) reported record second quarter revenue of $631.5 million, up 8.3% year-over-year, with an 11% increase in same-store sales. The company achieved net income of $3.3 million ($0.14 per diluted share) and adjusted net income of $5.4 million ($0.23 per diluted share).

Gross profit margin decreased to 30.0% from 32.7% due to challenging retail conditions. The company's strategic diversification into marinas, superyacht services, and finance helped maintain strong performance. Notable developments include the acquisition of Shelter Bay Marine in Marathon, Florida, and successful cost management initiatives reducing adjusted SG&A expenses.

Due to uncertainty from recently implemented tariffs and shifting retail trends, MarineMax updated its fiscal 2025 guidance, lowering adjusted net income expectations to $1.40-$2.40 per diluted share (from $1.80-$2.80) and adjusted EBITDA to $140-170 million (from $150-180 million).

MarineMax (NYSE: HZO), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, has scheduled the release of its second quarter fiscal 2025 financial results before the NYSE opening on Thursday, April 24, 2025.

The company will host a conference call at 10:00 a.m. ET on the same day, featuring CEO and President Brett McGill and EVP, CFO and Secretary Mike McLamb. Investors can access the webcast through the company's investor relations website or join the live call by dialing 877-407-0789 (U.S./Canada) or 201-689-8562 (International).

MarineMax (NYSE: HZO), the world's largest recreational boat, yacht and superyacht services company, has completed its acquisition of Shelter Bay Marine, a full-service marina and storage facility located in Marathon, Florida. The strategic acquisition expands MarineMax's presence in the Middle Keys region and is expected to be accretive in the first full year of operations.

The integration of Shelter Bay's experienced team into MarineMax aligns with the company's long-term growth and margin enhancement strategy, strengthening its ability to serve boaters across the region.

MarineMax (NYSE: HZO) has announced a definitive agreement to acquire Shelter Bay Marine, a full-service marina and storage facility in Marathon, Florida Keys. The acquisition, expected to close by June 2025, will be accretive in its first full year of operations.

The facility features unrestricted direct ocean access without bridge height limitations and can store over 175 boats. It offers comprehensive service and retail facilities. The strategic acquisition strengthens MarineMax's presence in the Middle Keys, complementing their Ocean Reef and Islamorada locations while advancing their higher-margin business strategy.

MarineMax (NYSE: HZO) reported fiscal 2025 first quarter results with revenue of $468.5 million, down 11.2% year-over-year, amid a challenging retail environment and hurricane impacts. Same-store sales decreased by 11%. Despite lower revenue, gross margin improved by 290 basis points to 36.2%, driven by promotional activities and higher-margin business contributions.

The company reported net income of $18.1 million, or $0.77 per diluted share, and adjusted net income of $4.1 million, or $0.17 per diluted share. Adjusted EBITDA was $26.1 million, nearly flat compared to the previous year. MarineMax continued its expense-reduction initiatives, including closing three locations, and reaffirmed its fiscal 2025 guidance with expected adjusted net income of $1.80 to $2.80 per diluted share and adjusted EBITDA of $150-180 million.

MarineMax (NYSE: HZO), the world's largest recreational boat, yacht, and superyacht services company, has announced it will release its first quarter fiscal 2025 financial results before the New York Stock Exchange opens on Thursday, January 23, 2025.

The company will hold a conference call at 10:00 a.m. ET on the same day, led by CEO and President Brett McGill and CFO Mike McLamb. Investors can access the webcast through the company's website investor relations section at www.marinemax.com. The webcast replay will be available within an hour after the call ends and will remain archived on the website for one year. For those preferring audio, the call can be accessed by dialing 877-407-0789 (U.S./Canada) or 201-689-8562 (International).

Levin Capital, a shareholder of MarineMax (NYSE: HZO), has called for the company's Board of Directors to conduct an immediate review of strategic alternatives. The shareholder specifically requests evaluation of MarineMax's marinas and traditional boat retail businesses, suggesting these segments could potentially unlock greater value if separated or monetized. Levin Capital also demands transparency regarding the marina segment's financial metrics, including revenues, operating profits, EBITDA, and cash flow, believing this review will help maximize shareholder value.