Marinemax ( (HZO) ) has released its Q2 earnings. Here is a breakdown of the information Marinemax presented to its investors.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
MarineMax, Inc., the world’s largest recreational boat and yacht retailer, marina operator, and superyacht services company, has reported its fiscal 2025 second-quarter results, showcasing a record revenue of $631.5 million, an 8.3% increase from the previous year. The growth was primarily driven by higher boat sales and an 11% increase in same-store sales.
The company achieved a net income of $3.3 million and an adjusted net income of $5.4 million for the quarter. Despite a challenging retail environment, MarineMax maintained a gross margin of 30.0% and reported an adjusted EBITDA of $30.9 million. The company also highlighted its strategic expansion with the acquisition of Shelter Bay Marine in Florida, enhancing its service offerings in the region.
MarineMax’s strategic focus on diversification into high-value segments such as marinas, superyacht services, and finance and insurance has contributed to its resilient business model. The company managed to reduce its SG&A expenses, reflecting improved operational efficiency, and ended the quarter with over $200 million in cash and cash equivalents, while continuing to reduce long-term debt.
Looking ahead, MarineMax has adjusted its fiscal 2025 guidance, citing uncertainties from recent tariffs and evolving retail trends. The company expects adjusted net income to range between $1.40 to $2.40 per diluted share and adjusted EBITDA between $140 million to $170 million. MarineMax remains optimistic about future growth opportunities as consumer interest in boating remains strong.