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Marinemax (HZO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 23, 2026

Before Open (Confirmed)

Period Ending

2026 (Q3)

Consensus EPS Forecast

0.83

Last Year’s EPS

0.49

Same Quarter Last Year

Analyst Consensus

Strong Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Jan 28, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call communicated a balanced but cautious tone. Positive operational actions and financial stability were highlighted — including nearly 11% same-store sales growth, a $505M revenue quarter, nearly $170M inventory reduction, ~$165M cash, a $15.5M adjusted EBITDA quarter and reaffirmed full-year guidance ($110M–$125M adjusted EBITDA). At the same time, significant margin pressure (gross margins >400 bps below normal), a reported net loss of $0.36 per share, unit volume declines, and an industry inventory overhang present clear near-term headwinds. Management expressed cautious optimism based on early boat show momentum and expects inventory/margin normalization in the back half of the year, but near-term uncertainty remains.

Company Guidance

MarineMax reaffirmed fiscal 2026 guidance calling for adjusted EBITDA of $110–$125 million and adjusted net income of $0.40–$0.95 per diluted share, assuming industry units down slightly to up slightly and same‑store sales flat to slightly positive; management expects consolidated gross margins in the low‑30% range for the year, retail margin pressure persisting through Q2 with more meaningful inventory improvement in the second half versus FY25, and noted the guidance reflects interest‑rate cuts to date, an annual effective tax rate of 26.5% and a share count of ~22.8 million (does not assume material M&A). Quarterly and balance‑sheet context included: Q1 revenue $505M, gross profit $160M, adjusted EBITDA $15.5M, adjusted EPS $0.21 (reported loss $0.36), nearly $165M cash, net debt/adjusted EBITDA just over 2x, inventory down ~$170M YoY at December and current inventory turns below 2x (targeting >2x by year‑end), customer deposits flat YoY, and interest expense expected to remain a tailwind.

Revenue and Same-Store Sales Strength

Revenue of $505.0 million for the quarter with same-store sales up nearly 11% year-over-year, driven by strong same-store performance and migration to larger, premium products (significant increase in average unit selling price despite a decline in unit volume).

Inventory Reduction and Liquidity Improvements

Reduced inventory by nearly $170 million year-over-year (December comparison); ended the quarter with approximately $165 million in cash, improved current ratio and total liabilities to tangible net worth, and a net debt to adjusted EBITDA ratio of just over 2.0x.

Reaffirmed Fiscal 2026 Financial Guidance

Reaffirmed fiscal 2026 guidance: adjusted EBITDA of $110 million to $125 million and adjusted net income of $0.40 to $0.95 per diluted share (assumes ~22.8 million shares outstanding and a 26.5% effective tax rate).

Quarterly Adjusted Profitability Metrics

Adjusted EBITDA for the quarter was $15.5 million; adjusted net loss per share was $0.21 (reported net loss per share $0.36), reflecting management’s focus on adjusted operating metrics.

SG&A and Interest Expense Progress

Total SG&A was just over $155 million; after adjustments (transaction costs, contingent consideration, weather and other items) SG&A was only $1.7 million higher year-over-year and down ~200 basis points as a percentage of revenue. Interest expense declined due to lower borrowings and lower rates and is expected to be a tailwind in fiscal 2026.

Diversification and Strategic Investments

Higher-margin businesses (marinas, finance & insurance, superyacht services, service and brokerage) contributed favorably to consolidated gross profit. Company repurchased ~6% of its shares, acquired Shelter Bay Marina & Retail (Keys), opened IGY Savannah, expanded Stewart Marina and enhanced Fort Myers operations.

Early Demand Signals and Stability in Customer Deposits

Positive early-season momentum across boat shows (including Fort Lauderdale and multiple regional winter shows) and January finished with positive same-store sales. Customer deposits held flat year-over-year, an encouraging sign of underlying demand resilience.

Marinemax (HZO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HZO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 23, 2026	2026 (Q3)	0.83 / -	0.49	―	―	―
Apr 23, 2026	2026 (Q2)	0.02 / 0.04	0.23	-82.61% (-0.19)
Jan 28, 2026	2026 (Q1)	-0.14 / -0.21	0.17	-223.53% (-0.38)
Nov 13, 2025	2025 (Q4)	-0.13 / -0.04	0.24	-116.67% (-0.28)
Jun 30, 2025	2025 (Q3)	1.17 / 0.49	1.51	-67.55% (-1.02)	―	―
Apr 24, 2025	2025 (Q2)	0.15 / 0.23	0.18	27.78% (+0.05)
Jan 23, 2025	2025 (Q1)	-0.22 / 0.17	0.19	-10.53% (-0.02)
Oct 31, 2024	2024 (Q4)	0.22 / 0.24	0.69	-65.22% (-0.45)
Jul 25, 2024	2024 (Q3)	1.29 / 1.51	2.07	-27.05% (-0.56)
Apr 25, 2024	2024 (Q2)	0.58 / 0.18	1.23	-85.37% (-1.05)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HZO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 23, 2026	$29.29	$29.62	+1.13%
Jan 28, 2026	$27.56	$26.86	-2.54%
Nov 13, 2025	$23.48	$22.56	-3.92%
Jun 30, 2025	$26.12	$25.14	-3.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.