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 (HZO) delivers premium marine retail experiences through boat sales, yacht services, and lifestyle programming. This news hub provides investors and enthusiasts with essential updates shaping the recreational boating sector.
Access timely reports on earnings, product launches, and strategic partnerships alongside regulatory filings and market analyses. Our curated collection includes press releases about marina expansions, service innovations, and industry leadership initiatives.
Key updates cover quarterly financial results, acquisition activity in marine retail, and new dealership openings. Stay informed about HZO's evolving role in yacht brokerage services and marine financing solutions through verified primary sources.
Bookmark this page for streamlined tracking of MarineMax's operational milestones and market positioning within the $54B U.S. recreational boating industry. Check regularly for developments impacting marine retail trends and consumer marine spending patterns.
MarineMax, the largest recreational boat and yacht services company, reported fiscal Q2 results ending March 31, 2023. Revenue decreased 7% to $570.3 million, down from $610.1 million a year ago, largely due to a dip in boat sales amid seasonal trends and economic uncertainty. Despite this, gross margin reached a record 35.2%, aided by strategic acquisitions, including IGY Marinas. Net income fell to $30.0 million or $1.35 per diluted share, down from $53.5 million in Q2 2022. Adjusted EBITDA was $57.4 million. The company revised its fiscal 2023 guidance, now expecting Adjusted earnings between $4.90 and $5.50 per share. CEO Brett McGill highlighted ongoing strong demand and a historically high backlog as positive indicators for future performance.
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