MarineMax Reports Record Revenue Amid Challenging Market

Marinemax ( (HZO) ) has released its Q2 earnings. Here is a breakdown of the information Marinemax presented to its investors.

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.