MarineMax US Stock Price, News & Analysis

MarineMax, Inc. (NYSE: HZO), the leading recreational boat and yacht retailer, has secured $1.35 billion in financing commitments to facilitate the acquisition of IGY Marinas. This funding includes a $750 million floor plan line, a $400 million term loan, $100 million revolving credit, and a $100 million mortgage facility. The financing aims to enhance financial flexibility and support future growth, with anticipated leverage around 1x EBITDA post-acquisition.

MarineMax, Inc. (NYSE: HZO) reported a record revenue of $688.5 million for Q3 2022, a 3% increase from the previous year's $666.3 million. Despite a 5% decline in same-store sales, net income rose to $70.2 million, leading to a 22% increase in earnings per diluted share, now at $3.17. Year-to-date, revenue reached $1.77 billion, an 11% increase. The company raised its FY 2022 EPS guidance to $8.05 to $8.45, up from $7.90 to $8.30, compared to $6.78 in fiscal 2021, demonstrating strong profitability despite ongoing supply chain challenges.

MarineMax, Inc. (NYSE: HZO) will host a webcast on July 28, 2022, at 10:00 a.m. ET to discuss its third quarter fiscal 2022 results.

The financial results will be released prior to market open on the same date. Investors can access the webcast via the Company’s investor relations website, with a replay available following the call.

MarineMax is the largest recreational boat retailer, operating over 100 locations worldwide and offering various marine services.

MarineMax, Inc. (NYSE: HZO) reported record second quarter results for the period ended March 31, 2022, with revenue growing 17% to $610.1 million. Same-store sales rose 7% on top of a 45% increase last year. Net income surged 37% to $53.5 million, while earnings per share climbed 40% to $2.37. For H1 FY2022, revenue increased 16% to $1.083 billion. MarineMax raised its FY2022 EPS guidance to $7.90 to $8.30, up from $7.60 to $8.00.

MarineMax, the largest recreational boat and yacht retailer globally, will host a webcast on April 28, 2022, at 10:00 a.m. Eastern Time, to discuss its second quarter fiscal 2022 results. The company will release its financial results prior to market opening on the same date. During the call, MarineMax may disclose important nonpublic information and forward-looking statements regarding its business operations and financial condition. Investors can access the webcast on the MarineMax website.

MarineMax, Inc. (NYSE: HZO) has completed its investment in Boatzon, the first fully online marine retailer. This strategic move enhances MarineMax's capabilities and aligns with its goals of higher margin growth and diversification. Boatzon offers consumers a comprehensive digital platform for purchasing marine products, streamlining the buying process. CEO W. Brett McGill emphasized that this partnership will improve customer experiences in the boating industry. The investment positions MarineMax as a leader in innovative technology within the marine retail space.

MarineMax (NYSE: HZO) has announced the acquisition of Superyacht Management, S.A.R.L. (SYM), a company based in France. This strategic move aims to strengthen its position as the world's largest superyacht services provider. The acquisition is expected to be accretive in the first full year and will enhance Northrop & Johnson’s service offerings to better serve its client base. CEO W. Brett McGill highlighted the acquisition as a step towards higher-margin global business growth and enriching customer service across superyacht services.

MarineMax, Inc. (NYSE: HZO) announced an extension of its stock repurchase plan, authorizing up to 10 million shares to be repurchased by March 31, 2024. This follows the initial plan from March 2020, which allowed for 10 million shares, of which 700,000 were repurchased by February 2022. The buyback aims to counteract the dilution from restricted stock and will depend on market conditions. Currently, as of February 9, 2022, the company has 21,884,062 shares outstanding.

MarineMax, Inc. (HZO) reported a record Q1 revenue of $472.7 million, a 15% increase from $411.5 million last year. Net income surged 52% to $35.9 million, with earnings per share rising 53% to $1.59 compared to $1.04 a year ago. Strong same-store sales growth of 9% was driven by unit sales, despite ongoing supply chain challenges. The company raised its fiscal 2022 EPS guidance to $7.60 to $8.00, up from $7.20 to $7.50, reflecting robust demand and strategic acquisitions.