Strong Same-Store Sales Growth
MarineMax achieved same-store sales growth of more than 2% in Q4, driven by growth in used boat revenue, finance and insurance, parts and service, and contributions from superyacht services and marina operations.
Gross Margin Expansion
Despite pressures, gross margins expanded to 34.7% in Q4, supported by a diversified business model focusing on higher-margin businesses such as finance and insurance, parts and service, superyacht services, and marina operations.
Boatyard Platform Success
The Boatyard platform saw active subscriber growth increase by more than 160% over the past twelve months, highlighting MarineMax's technology leadership and potential for continued expansion.
Successful Presence at Fort Lauderdale International Boat Show
MarineMax had a significant presence at the Boat Show, setting post-COVID records in terms of units and dollars, and showcasing new, innovative models.
Strategic Board Appointments
MarineMax added two distinguished new members to its board of directors, Odilon Almeda and Dan Shiapa, both with proven track records in driving innovation and scaling complex global operations.