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 (NYSE: HZO) will hold a webcast on January 27, 2022, at 10:00 a.m. ET to discuss its first quarter fiscal 2022 results. The financial results will be released prior to the market opening on the same day. Stakeholders can access the webcast through the investor relations section of the company’s website. This call may include nonpublic information and forward-looking statements about the company’s financial health and operations.
MarineMax, Inc. (NYSE: HZO) has successfully acquired Intrepid Powerboats, a leading manufacturer of customized powerboats, generating over
MarineMax Acquires Texas MasterCraft
MarineMax, Inc. (NYSE: HZO), the largest recreational boat retailer globally, has acquired Texas MasterCraft, a leading towboat dealer in Dallas, Texas, the U.S.'s largest towboat market. In 2020, Texas MasterCraft reported revenues exceeding $45 million. The acquisition is projected to be accretive within its first year, enhancing MarineMax's service capabilities and market presence in North Texas. Texas MasterCraft, managed by industry veteran Jimmy Harvell, will continue operating its two locations with MarineMax's support.
MarineMax, Inc. (NYSE: HZO) reported record financials for Q4 and FY 2021, with revenue increasing by 16% to $462.3 million in Q4 and 37% to $2.06 billion for the full year. Despite a 7% decline in same-store sales due to inventory constraints, net income for Q4 rose to $32.8 million ($1.45 per share) from $25.6 million ($1.13 per share) year-on-year. The company provided guidance for FY 2022, expecting EPS to range between $7.20 and $7.50.
MarineMax, Inc. (NYSE: HZO) plans to host a webcast on October 26, 2021, at 10:00 a.m. Eastern Time to discuss its fourth quarter and full year fiscal 2021 results. The financial results will be publicly released before the market opens on the same date. MarineMax is recognized as the world’s largest recreational boat and yacht retailer, operating over 100 locations globally. The webcast will include potential forward-looking statements concerning the company's business and financial condition.
MarineMax, Inc. (NYSE: HZO) has announced its acquisition of Intrepid Powerboats, a leading powerboat manufacturer, expected to close by December 31, 2021. This acquisition aims to be accretive in its first year, leveraging MarineMax's resources to enhance Intrepid's customer service and innovation. Intrepid reported revenues exceeding
MarineMax, Inc. (NYSE: HZO), the leading recreational boat and yacht retailer, has appointed Adam M. Johnson to its Board of Directors. Johnson, who has served as Chairman and CEO of NetJets, brings 25 years of senior leadership experience. CEO William Brett McGill expressed enthusiasm about Johnson's appointment, noting his alignment with MarineMax's commitment to customer service and growth. Johnson is eager to assist MarineMax in achieving its strategic goals, drawing parallels between both companies' business models.
MarineMax, Inc. (NYSE: HZO) reported a 34% increase in revenue for Q3 2021, totaling $666.3 million, up from $498.3 million in Q3 2020. Same-store sales rose 6%, on a backdrop of strong demand for recreational boating and strategic acquisitions. Net income surged over 70% to $59.6 million or $2.59 per diluted share. For the first nine months of FY 2021, revenue reached $1.6 billion, up 44% year-over-year. The company raised its 2021 EPS guidance to $6.40-$6.55, up from $5.50-$5.65.
MarineMax, the largest recreational boat and yacht retailer globally, announced a webcast to discuss fiscal Q3 2021 results on July 22, 2021, at 10:00 a.m. ET. The financial results will be released prior to the market opening on the same day. The company operates over 100 locations worldwide, including 78 retail dealerships and 31 marinas, and offers a range of boating products and services. MarineMax is also a key player in super-yacht services through its subsidiaries. Investors can access the webcast via the company's website.
MarineMax, Inc. (NYSE: HZO) has increased its credit facility to $500 million, bolstering its liquidity and financial flexibility for future growth. This facility has a three-year term ending in July 2024, with options for two one-year renewals. The credit mainly secures the company's inventory, while its extensive real estate remains unpledged. As of June 30, 2021, MarineMax had a financial capacity of over $329 million. The company's CFO highlighted strong product demand and the importance of this amendment for future planning.
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