The earnings call reflects a challenging quarter for MarineMax, with revenue and margin pressures due to economic uncertainty and consumer caution. Despite these challenges, there are positive signs for the future with strong performance in higher-margin businesses, successful cost-cutting measures, and an optimistic outlook for July. However, the company faces significant headwinds with declining same-store sales, a noncash goodwill impairment charge, and ongoing margin pressure.

Company Guidance

During the MarineMax Fiscal 2025 Third Quarter Conference Call, the company's guidance was revised due to heightened macroeconomic uncertainty, affecting consumer behavior and sales. The company now projects fiscal year 2025 adjusted net income between $0.45 to $0.95 per diluted share and adjusted EBITDA ranging from $105 million to $120 million. This adjustment reflects challenges faced during the third quarter, with revenue falling short at $657 million and same-store sales down 9%. Despite these setbacks, MarineMax maintained a gross margin above 30% due to the strong performance of higher-margin businesses. The company continues to focus on managing costs, with adjusted SG&A down by nearly $11 million year-to-date, and remains committed to strategic investments, such as the recent marina expansions, to support long-term growth.

Opening of IGY Savannah Harbor Marina

IGY celebrated the opening of the IGY Savannah Harbor Marina, a new 100-berth marina in downtown Savannah, featuring a large dock for superyachts.

Positive July Outlook

July is expected to finish ahead of last year's July, indicating a potential turnaround from the challenging June quarter.

Growth in Higher-Margin Businesses

Continued strong performance in higher-margin businesses like Finance and Insurance, Superyacht Services, Storage, and Marina operations, maintaining a gross margin above 30%.

Successful Cost-Cutting Initiatives

Adjusted SG&A expenses decreased by $11 million year-to-date, aided by closing over 10 locations.

Marinemax (HZO) Earnings, Revenues Date & History

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HZO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q4)	-0.13 / -	0.24	―	―	―
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)
Jan 25, 2024	2024 (Q1)	0.47 / 0.19	1.24	-84.68% (-1.05)
Oct 26, 2023	2023 (Q4)	0.72 / 0.69	1.9	-63.68% (-1.21)
Jul 27, 2023	2023 (Q3)	1.85 / 2.07	3.17	-34.70% (-1.10)

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
Jun 30, 2025	$26.12	$25.14	-3.75%
Apr 24, 2025	$19.32	$22.67	+17.34%
Jan 23, 2025	$27.94	$32.37	+15.86%
Oct 31, 2024	$30.04	$29.13	-3.03%

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.