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, Inc. (NYSE: HZO) is described as the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company. The HZO news feed features updates that reflect this broad role in the recreational marine industry, including financial results, leadership changes, marina developments, and activities of key subsidiaries.
Investors can find earnings announcements and quarterly and annual results, which MarineMax reports through press releases and Form 8-K filings. These updates often highlight segment performance across Retail Operations and Product Manufacturing, as well as contributions from higher-margin areas such as finance and insurance, parts and service, superyacht services, and marina operations.
The news flow also covers corporate developments, such as board appointments and executive role changes, that relate to MarineMax’s governance and strategic focus. For example, the company has reported the appointment of directors with technology and global operations experience and the transition of senior executives to roles focused on global yacht sales.
Because MarineMax operates an integrated platform that includes IGY Marinas, Fraser Yachts Group, Northrop & Johnson, Cruisers Yachts, Intrepid Powerboats, and MarineMax Vacations, the HZO news stream may also include announcements from these businesses. These can range from marina redevelopment projects and new marina management mandates to product introductions by manufacturing subsidiaries and participation in major boat shows and yachting events.
For readers following HZO, the news page provides a consolidated view of MarineMax’s financial disclosures, operational milestones, marina and superyacht initiatives, and other corporate announcements related to its global recreational marine activities.
MarineMax, Inc. (NYSE: HZO) has successfully completed its acquisition of Island Global Yachting LLC (IGY Marinas) as of October 1, 2022. This strategic move enhances MarineMax's global marina business, adding 23 luxury marinas across the Americas, Caribbean, and Europe. The acquisition aligns with MarineMax's strategic plan to expand high-margin businesses and increase product offerings, creating cross-sell opportunities through its existing superyacht services. Additional financial information will be released with the company's fiscal 2022 results.
MarineMax, Inc. (NYSE: HZO) has appointed Mercedes Romero to its Board of Directors, effective October 1, 2022. Romero, currently the Global Chief Procurement Officer at Primo Water (Nasdaq: PRMW), brings over 25 years of experience across multiple industries, including Consumer Goods and Spirits. She has a proven track record in operational efficiencies and strategic planning, which is expected to enhance MarineMax’s growth strategy. Romero's international experience will provide new perspectives to the board during a pivotal growth phase for the company.
MarineMax, Inc. (NYSE: HZO) announced its acquisition of Island Global Yachting LLC for $480 million in cash, with an additional earnout of up to $100 million based on performance metrics. This strategic move aims to bolster MarineMax's recurring marina revenue and enhance its global superyacht services. IGY Marinas is projected to generate over $100 million in revenue for 2022. The acquisition is expected to close in the first half of fiscal 2023, projected to be accretive within the first year.
MarineMax, Inc. (NYSE: HZO), the leading recreational boat and yacht retailer, has secured
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.