MarineMax Inc (HZO)

NextBoat Launches National AI Platform Rollout Through Strategic Partnership with MarineMax, the World's Largest Recreational Boat and Yacht RetailerJuly 1, 2026 8:00 AM
ACCESS NewswireAgreement establishes NextBoat as MarineMax's preferred wholesale and trade-in partner, with pre-owned inventory flowing through the NextBoat AI platform to its nationwide network of wholesale buyersWILMINGTON, NC / ACCESS Newswire / July 1, 2026 / NextBoat Inc. (NYSE American:NXB) ("NextBoat" or the "Company"), the AI-powered marine technology company transforming how pre-owned boats are valued, bought, sold and financed, today announced a landmark strategic partnership with MarineMax, Inc. (NYSE:HZO) ("MarineMax"), the world's largest recreational boat and yacht retailer.Under the agreement, MarineMax becomes the first enterprise dealer group to adopt the NextBoat AI platform as its preferred wholesale partner, routing a significant and growing share of the trade-in and pre-owned inventory it liquidates through the platform-where that inventory is evaluated, marketed, and sold into NextBoat's nationwide network of wholesale buyers. As one of the highest-volume sellers of pre-owned boats in the industry - with over $2.3 billion in annual revenue across 120 locations worldwide - MarineMax is expected to drive increased volume across the NextBoat AI platform, which the Company believes will accelerate the growth of its marketplace, data, and financing businesses. The Company believes this relationship represents a defining milestone in its strategy to become the leading technology infrastructure for the marine industry's pre-owned marketplace.For decades, the wholesale and trade-in process has relied on fragmented buyer networks, manual pricing, phone calls and individual relationships. NextBoat AI was built to modernize that process through artificial intelligence, real-time transaction data and a unified digital marketplace that enables dealers to move inventory faster, improve pricing transparency, and increase operational efficiency.The NextBoat AI Platform delivers:AI-powered vessel valuations supported by real transaction dataRapid wholesale bidding and nationwide buyer accessReal-time transaction management and deal trackingAutomated workflow and communication toolsAnalytics designed to improve inventory decisions and speed conversion to cashIntegrated financing and marine insurance opportunitiesBeyond improving transaction efficiency, the partnership enables significant long-term revenue opportunities through financing and marine insurance.Inclusive of the partnership, NextBoat will leverage Newcoast, MarineMax's finance and insurance arm, to provide financing and insurance solutions across transactions originating on the platform. As transaction volume increases, each financed and insured vessel has the potential to generate recurring insurance renewal revenue and additional financing income, creating what the Company believes could become a meaningful annuity-like revenue stream for both organizations over time."For 15 years, I've believed the marine industry deserved the same technology, transparency and scale that transformed automotive retail. Today, the largest and most respected company in our industry has chosen to deploy the platform we built - we believe that validation speaks not only to what NextBoat has built, but to where this industry is headed," said Jason Ruegg, Founder and Executive Chairman of NextBoat.Ruegg added, "This marks the beginning of enterprise-scale deployment of the NextBoat platform. Every transaction creates an opportunity for financing and insurance that can generate recurring revenue through policy renewals for years to come. As adoption grows, we believe that recurring revenue stream could become one of the most valuable components of our business.""This partnership brings together two industry leading organizations committed to innovation and improving the trade-in and pre-owned customer experience," said Kyle Langbehn, Executive Vice President and President of Retail Operations at MarineMax. "By integrating NextBoat's advanced technology into our pre-owned retail platform, we believe we can improve efficiency while continuing to deliver exceptional service to our customers. Additionally, the partnership with Newcoast will drive meaningful finance and insurance revenue with the industry's leading team and products."The Company believes MarineMax's adoption provides significant third-party validation of the NextBoat AI platform while establishing the foundation for expansion across additional dealer groups, brokerages and marine industry participants throughout North America. As additional participants join the network, NextBoat expects to enhance pricing intelligence, improve marketplace liquidity, increase transaction velocity, and strengthen the value of the platform for all users."Our vision extends well beyond individual transactions," Ruegg said. "We believe the marine industry is ready for a modern technology platform that improves efficiency across every stage of the ownership lifecycle. MarineMax becoming our first enterprise partner is an important milestone toward building that future."About NextBoat Inc.Founded in 2012, NextBoat Inc., previously known as Off The Hook YS Inc., is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, financed, and serviced across the United States. Through proprietary technology, transaction data, financing capabilities, and a growing national acquisition network, the Company operates across boat brokerage, wholesale inventory acquisition, auctions, financing, and marine services. NextBoat's ecosystem includes Off The Hook Yachts, Autograph Yacht Group, Azure Funding, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, NextBoat is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry.About MarineMaxAs the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world's premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth's surface. We're focused on the other 71%. Learn more at www.marinemax.com.ContactNextBoat Inc.Chad Corbin
Chief Financial Officer
chadcorbin@nextboat.comInvestor Relations
ir@nextboat.comMarineMax, Inc.Mike McLamb
Chief Financial Officer
727-531-1700Scott Solomon
Senior Vice President
Sharon Merrill Advisors
(857) 383-2409
HZO@investorrelations.comForward-Looking StatementsThis press release contains forward-looking statements within the meaning of the federal securities laws regarding NextBoat Inc. ("Company"), including, without limitation, statements regarding the Company's business strategy, technology platform, market opportunity, planned operations, and expected results and benefits. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative of such terms thereof or other variations thereon or comparable terminology, although not all forward-looking statements contain these identifying words.These forward-looking statements are based on the Company's current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond our control. Actual results, performance or achievements, including the timing of events, may differ materially from those expressed or implied by the forward-looking statements as a result of various risks and uncertainties, including those described under the heading "Risk Factors" in the Company's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other subsequent filings with the SEC. Copies of these filings are available on the SEC's website at www.sec.gov. Investors are cautioned that forward-looking statements are not guarantees of future performance, and are cautioned not to place undue reliance on any such forward-looking statements. The forward-looking statements made in this press release are made only as of the date hereof or as of the dates indicated in the forward-looking statements and reflect the views stated therein with respect to future events at such dates, even if they are subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update, revise or supplement any forward-looking statements to reflect actual results, new information, future events, changes in its expectations or other circumstances occurring after the date such statements were made, except as required by applicable law.SOURCE: NextBoat Inc.View the original press release on ACCESS NewswireOriginal: NextBoat Launches National AI Platform Rollout Through Strategic Partnership with MarineMax, the World's Largest Recreational Boat and Yacht Retailer

MarineMax matches EPS expectations but misses on revenueApril 23, 2026 8:34 AM
IH Market News
MarineMax Inc. (NYSE:HZO) reported second-quarter results on Thursday that met profit forecasts but came in below revenue expectations, as the company continued to face pressure from a soft boating market.Shares of the recreational boat retailer rose 1.64% in after-hours trading, reflecting a relatively muted investor reaction to the mixed performance.



Sales decline amid weaker retail demand



The company posted adjusted earnings per share of $0.04, in line with analyst estimates. However, revenue totaled $527.4 million, missing the consensus forecast of $610.11 million.Sales fell 16% from $631.5 million in the same quarter last year, largely due to weaker boat sales in a challenging retail environment. Same-store sales dropped 15%, compared with an 11% increase a year earlier.



Margins improve despite top-line pressure



Despite the revenue decline, MarineMax reported a notable expansion in profitability, with gross margin increasing by 440 basis points to 34.4%, up from 30% last year.The improvement was driven by stronger contributions from higher-margin segments, including finance and insurance services, superyacht operations, and marina-related businesses.The company posted a net loss of $2.6 million, or -$0.12 per share, compared with net income of $3.3 million, or $0.14 per share, in the prior-year period.“Our fiscal second quarter results reflected ongoing industry headwinds in the retail environment for new and used boat sales; however, our higher-margin businesses once again provided important balance, stability and growth,” said Brett McGill.



Outlook reaffirmed with cautious tone



MarineMax maintained its fiscal 2026 guidance, projecting adjusted earnings per share between $0.40 and $0.95. The midpoint of $0.68 sits below the analyst consensus of $0.74.The company also expects adjusted EBITDA in the range of $110 million to $125 million.



Inventory and liquidity position



Inventories decreased by $128 million year-on-year to $845.4 million, while cash and cash equivalents stood at $189.1 million at the end of the quarter.MarineMax stock price

Original: MarineMax matches EPS expectations but misses on revenue

MarineMax Reports Fiscal 2026 Second Quarter ResultsApril 23, 2026 6:45 AM
Business Wire
~ Results Underscore Strategic Value and Benefits of Diversified Business Strategy ~


~ Gross Margin Exceeds 34%, Up from 30% in Prior Year ~


~ Company Reaffirms Fiscal 2026 Guidance ~


~ Earnings Conference Call at 10:00 a.m. ET Today ~


MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced results for its fiscal 2026 second quarter ended March 31, 2026.


Fiscal 2026 Second Quarter Summary



Revenue of $527.4 million



Same-store sales decreased 15% due to challenging environment, compared to an increase of 11% in the prior-year period



Gross profit margin of 34.4%, reflecting strength in higher margin businesses



Inventories decreased $128.0 million year-over-year



Reported net loss of $2.6 million, or $0.12 per share; adjusted net income1 of $0.9 million, or $0.04 per diluted share



Adjusted EBITDA1 of $23.9 million



CEO & President Commentary


“Our fiscal second quarter results reflected ongoing industry headwinds in the retail environment for new and used boat sales; however, our higher-margin businesses once again provided important balance, stability and growth, helping to offset much of the pressure caused by the decline in boat revenue,” said MarineMax Chief Executive Officer and President Brett McGill. “Contributions from areas of the business that we have strategically expanded, including finance and insurance, superyacht services, marinas, and parts and service, continue to perform well and support our margin profile, underscoring the benefits of our diversified business model.


“While near-term market conditions remain pressured by geopolitical and macroeconomic uncertainty, including international concerns from tariffs, the long-term fundamentals of the recreational marine market remain strong,” McGill said. “Virtually every recent boat show we have participated in, including last month’s Palm Beach International Boat Show, has produced strong and, in some cases, record results, highlighting sustained consumer interest in the boating lifestyle, especially in premium segments. This demand is reflected in our sequential and year-over-year customer deposit growth trends as well as continued strength in our superyacht and international marina businesses.


“Our balance sheet remains very strong, supported by disciplined inventory management, reduced floorplan financing, and ample liquidity,” McGill said. “As we enter the summer selling season, we are seeing increased demand across both digital and retail channels supporting a cautiously optimistic outlook.”


Fiscal 2026 Second Quarter Results


Revenue for the fiscal 2026 second quarter was $527.4 million, compared with a record $631.5 million in the same period last year. This decline, primarily driven by lower boat sales, was partially offset by continued growth in higher-margin businesses, including finance and insurance, superyacht services and marinas.


Gross profit totaled $181.3 million, compared with $189.5 million in the prior-year period. Gross profit margin expanded 440 basis points year-over-year to 34.4%, primarily driven by the increasing contribution from higher-margin businesses.


Selling, general, and administrative (SG&A) expenses were $170.4 million, or 32.3% of revenue, compared with SG&A expenses of $166.8 million, or 26.4% of revenue, in the prior-year period. On an adjusted basis, excluding transaction costs, changes in contingent consideration, weather events, and other non-recurring items, Adjusted SG&A2 was $165.8 million, or 31.4% of revenue, compared with $163.8 million, or 25.9% of revenue, in the prior year.


Interest expense was $14.7 million, or 2.8% of revenue, compared with $18.2 million, or 2.9% of revenue, in the prior-year period, reflecting lower interest rates and reduced inventory levels.


Net loss for the quarter was $2.6 million, or $0.12 per share, compared with net income of $3.3 million, or $0.14 per diluted share, in the prior-year period. Adjusted net income1 was $0.9 million, or $0.04 per diluted share, compared with Adjusted net income of $5.5 million, or $0.24 per diluted share, in the prior year.


Adjusted EBITDA1 for the quarter was $23.9 million, compared with $30.9 million in the prior-year period.


Balance Sheet


Cash and cash equivalents were $189.1 million at quarter end, compared with $203.5 million in the prior-year period and $170.4 million at the end of fiscal 2025.


Inventories totaled $845.4 million, down from $973.4 million in the prior-year period.


Company Reaffirms Fiscal 2026 Guidance


Based on current business conditions, retail marine industry trends, and other relevant factors, the Company continues to expect fiscal 2026 Adjusted EBITDA1,2 to be in the range of $110 million to $125 million and adjusted net income1,2 in the range of $0.40 to $0.95 per diluted share. These projections exclude the potential impact of material acquisitions or other unforeseen developments, including changes in tariffs, international hostilities, and broader macroeconomic conditions.


“As we look ahead, we recognize that geopolitical uncertainty and macroeconomic dynamics may continue to influence consumer behavior over the next several quarters,” McGill concluded. “That said, our diversified business model, strong balance sheet and continued growth in higher-margin businesses position us well to navigate the environment and drive long-term value creation.”


Conference Call Information


MarineMax will discuss its fiscal 2026 second quarter financial results on a conference call starting at 10:00 a.m. ET today. The conference call can be accessed via the “Investors” section of the Company's website: www.marinemax.com, or by dialing 877-407-0789 (U.S. and Canada) or 201-689-8562 (International). An online replay will be available within one hour of the conclusion of the call and will be archived on the website for one year.


About MarineMax


As the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and over 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.


Forward-Looking Statement


Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events, and may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words, or other similar terms or expressions that concern the Company’s expectations, strategy, plans, or intentions. These statements, including those relating to the strength of the long-term fundamentals of the recreational marine market, demand across both digital and retail channels, our optimism because of the improving trends, our fiscal 2026 guidance, the influence of geopolitical uncertainty and macroeconomic dynamics on consumer behavior over the next several quarters, and our positioning to navigate the environment and drive long-term value creation, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the timing of and potential outcome of the Company’s long-term strategy, the estimated impact resulting from the Company’s cost-reduction initiatives, the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, general economic conditions, as well as those within the Company's industry, the level of consumer spending, and numerous other factors identified in the Company’s most recently filed Forms 10-K and 10-Q and other filings with the Securities and Exchange Commission. The forward-looking statements speak only as of the date of this press release and undue reliance should not be placed on these statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



 



MarineMax, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Amounts in thousands, except share and per share data)

(Unaudited)











 






 



 






 






Three Months Ended






 






Six Months Ended








 






 






March 31,






 






March 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Revenue






 






$






527,412






 






 






$






631,515






 






 






$






1,032,590






 






 






$






1,099,976






 








Cost of sales






 






 






346,126






 






 






 






442,004






 






 






 






690,834






 






 






 






740,811






 








Gross profit






 






 






181,286






 






 






 






189,511






 






 






 






341,756






 






 






 






359,165






 








 






 






 






 






 






 






 






 






 








Selling, general, and administrative expenses






 






 






170,448






 






 






 






166,770






 






 






 






325,998






 






 






 






297,452






 








Income from operations






 






 






10,838






 






 






 






22,741






 






 






 






15,758






 






 






 






61,713






 








 






 






 






 






 






 






 






 






 








Interest expense






 






 






14,659






 






 






 






18,179






 






 






 






30,515






 






 






 






36,924






 








(Loss) income before income tax (benefit) provision






 






 






(3,821






)






 






 






4,562






 






 






 






(14,757






)






 






 






24,789






 








 






 






 






 






 






 






 






 






 








Income tax (benefit) provision






 






 






(1,106






)






 






 






1,400






 






 






 






(3,947






)






 






 






3,503






 








Net (loss) income






 






 






(2,715






)






 






 






3,162






 






 






 






(10,810






)






 






 






21,286






 








 






 






 






 






 






 






 






 






 








Less: Net loss attributable to non-controlling interests






 






 






(117






)






 






 






(138






)






 






 






(286






)






 






 






(80






)








Net (loss) income attributable to MarineMax, Inc.






 






$






(2,598






)






 






$






3,300






 






 






$






(10,524






)






 






$






21,366






 








 






 






 






 






 






 






 






 






 








Basic net (loss) income per common share






 






$






(0.12






)






 






$






0.15






 






 






$






(0.48






)






 






$






0.94






 








 






 






 






 






 






 






 






 






 








Diluted net (loss) income per common share






 






$






(0.12






)






 






$






0.14






 






 






$






(0.48






)






 






$






0.91






 








 






 






 






 






 






 






 






 






 








Weighted average number of common shares used in computing net (loss) income per common share:






 






 






 






 






 






 






 






 








 






 






 






 






 






 






 






 






 








Basic






 






 






22,027,425






 






 






 






22,616,518






 






 






 






21,984,675






 






 






 






22,616,069






 








Diluted






 






 






22,027,425






 






 






 






23,324,347






 






 






 






21,984,675






 






 






 






23,354,856






 























 







MarineMax, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Amounts in thousands)

(Unaudited)













 








 



 






 






March 31,






 






September 30,






 






March 31,








 






 






 






2026






 






 






 






2025






 






 






 






2025






 








ASSETS






 






 






 






 






 






 








CURRENT ASSETS:






 






 






 






 






 






 








Cash and cash equivalents






 






$






189,132






 






 






$






170,351






 






 






$






203,507






 








Accounts receivable, net






 






 






101,136






 






 






 






108,288






 






 






 






119,488






 








Inventories






 






 






845,371






 






 






 






867,328






 






 






 






973,410






 








Prepaid expenses and other current assets






 






 






25,454






 






 






 






34,912






 






 






 






27,219






 








Total current assets






 






 






1,161,093






 






 






 






1,180,879






 






 






 






1,323,624






 








Property and equipment, net






 






 






546,786






 






 






 






552,546






 






 






 






546,958






 








Operating lease right-of-use assets, net






 






 






139,085






 






 






 






137,915






 






 






 






140,230






 








Goodwill






 






 






525,650






 






 






 






526,931






 






 






 






591,101






 








Other intangible assets, net






 






 






34,700






 






 






 






35,416






 






 






 






37,592






 








Other long-term assets






 






 






34,247






 






 






 






36,751






 






 






 






33,596






 








Total assets






 






$






2,441,561






 






 






$






2,470,438






 






 






$






2,673,101






 








LIABILITIES AND SHAREHOLDERS’ EQUITY






 






 






 






 






 






 








CURRENT LIABILITIES:






 






 






 






 






 






 








Accounts payable






 






$






62,511






 






 






$






56,378






 






 






$






44,567






 








Contract liabilities (customer deposits)






 






 






61,742






 






 






 






45,699






 






 






 






56,936






 








Accrued expenses






 






 






122,430






 






 






 






121,042






 






 






 






172,156






 








Short-term borrowings (Floor Plan)






 






 






689,873






 






 






 






715,679






 






 






 






821,701






 








Current maturities on long-term debt






 






 






35,593






 






 






 






35,593






 






 






 






33,766






 








Current operating lease liabilities






 






 






11,288






 






 






 






10,489






 






 






 






10,196






 








Total current liabilities






 






 






983,437






 






 






 






984,880






 






 






 






1,139,322






 








Long-term debt, net of current maturities






 






 






338,730






 






 






 






356,235






 






 






 






339,054






 








Noncurrent operating lease liabilities






 






 






129,980






 






 






 






127,969






 






 






 






128,872






 








Deferred tax liabilities, net






 






 






41,211






 






 






 






47,447






 






 






 






55,372






 








Other long-term liabilities






 






 






4,780






 






 






 






5,154






 






 






 






7,102






 








Total liabilities






 






 






1,498,138






 






 






 






1,521,685






 






 






 






1,669,722






 








SHAREHOLDERS' EQUITY:






 






 






 






 






 






 








Preferred stock






 






 






—






 






 






 






—






 






 






 






—






 








Common stock






 






 






31






 






 






 






31






 






 






 






30






 








Additional paid-in capital






 






 






368,584






 






 






 






360,818






 






 






 






355,459






 








Accumulated other comprehensive income






 






 






6,018






 






 






 






8,234






 






 






 






1,803






 








Retained earnings






 






 






735,860






 






 






 






746,384






 






 






 






799,385






 








Treasury stock






 






 






(178,277






)






 






 






(178,277






)






 






 






(163,228






)








Total shareholders’ equity attributable to MarineMax, Inc.






 






 






932,216






 






 






 






937,190






 






 






 






993,449






 








Non-controlling interests






 






 






11,207






 






 






 






11,563






 






 






 






9,930






 








Total shareholders’ equity






 






 






943,423






 






 






 






948,753






 






 






 






1,003,379






 








Total liabilities and shareholders’ equity






 






$






2,441,561






 






 






$






2,470,438






 






 






$






2,673,101






 



















 







MarineMax, Inc. and Subsidiaries

Segment Financial Information

(Amounts in thousands)

(Unaudited)











 






 



 






 






Three Months Ended






 






Six Months Ended








 






 






March 31,






 






March 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Revenue:






 






 






 






 






 






 






 






 








Retail Operations






 






$






525,332






 






 






$






626,340






 






 






$






1,029,745






 






 






$






1,094,689






 








Product Manufacturing






 






 






23,705






 






 






 






35,503






 






 






 






45,327






 






 






 






73,441






 








Elimination of intersegment revenue






 






 






(21,625






)






 






 






(30,328






)






 






 






(42,482






)






 






 






(68,154






)








Revenue






 






$






527,412






 






 






$






631,515






 






 






$






1,032,590






 






 






$






1,099,976






 








Income from operations:






 






 






 






 






 






 






 






 








Retail Operations






 






$






12,404






 






 






$






20,941






 






 






$






19,569






 






 






$






62,191






 








Product Manufacturing






 






 






(5,074






)






 






 






(3,429






)






 






 






(11,199






)






 






 






(3,206






)








Intersegment adjustments






 






 






3,508






 






 






 






5,229






 






 






 






7,388






 






 






 






2,728






 








Income from operations






 






$






10,838






 






 






$






22,741






 






 






$






15,758






 






 






$






61,713






 















 




MarineMax, Inc. and Subsidiaries

Supplemental Financial Information

(Amounts in thousands, except share and per share data)

(Unaudited)











 






 



 






 






Three Months Ended






 






Six Months Ended








 






 






March 31,






 






March 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Net (loss) income attributable to MarineMax, Inc.






 






$






(2,598






)






 






$






3,300






 






 






$






(10,524






)






 






$






21,366






 








Transaction and other costs (1)






 






 






5,747






 






 






 






602






 






 






 






8,723






 






 






 






823






 








Intangible amortization (2)






 






 






835






 






 






 






1,428






 






 






 






1,794






 






 






 






2,856






 








Change in fair value of contingent consideration (3)






 






 






(757






)






 






 






106






 






 






 






(343






)






 






 






(25,712






)








Weather (recoveries) expenses






 






 






(1,226






)






 






 






553






 






 






 






(1,217






)






 






 






5,521






 








Restructuring expense (4)






 






 






62






 






 






 






273






 






 






 






209






 






 






 






776






 








Tax adjustments for items noted above (5)






 






 






(1,170






)






 






 






(743






)






 






 






(2,301






)






 






 






3,950






 








Adjusted net income (loss) attributable to MarineMax, Inc.






 






$






893






 






 






$






5,519






 






 






$






(3,659






)






 






$






9,580






 








 






 






 






 






 






 






 






 






 








Diluted net (loss) income per common share






 






$






(0.12






)






 






$






0.14






 






 






$






(0.48






)






 






$






0.91






 








Transaction and other costs (1)






 






 






0.26






 






 






 






0.03






 






 






 






0.40






 






 






 






0.04






 








Intangible amortization (2)






 






 






0.04






 






 






 






0.06






 






 






 






0.08






 






 






 






0.12






 








Change in fair value of contingent consideration (3)






 






 






(0.03






)






 






 






0.01






 






 






 






(0.02






)






 






 






(1.10






)








Weather (recoveries) expenses






 






 






(0.06






)






 






 






0.02






 






 






 






(0.06






)






 






 






0.24






 








Restructuring expense (4)






 






 






—






 






 






 






0.01






 






 






 






0.01






 






 






 






0.03






 








Tax adjustments for items noted above (5)






 






 






(0.05






)






 






 






(0.03






)






 






 






(0.10






)






 






 






0.17






 








Adjusted diluted net income (loss) per common share






 






$






0.04






 






 






$






0.24






 






 






$






(0.17






)






 






$






0.41






 









(1) Transaction and other costs relate to acquisition transaction expenses, integration, and other related costs in the period.








(2) Represents amortization expense for acquisition-related intangible assets.








(3) Represents (gains) expenses to record contingent consideration liabilities at fair value.








(4) Represents expenses incurred as a result of restructuring and store closings.








(5) Adjustments for taxes for items are calculated based on an estimated effective tax rate. The estimated effective rate used for the three and six months ended March 31, 2026 was used for the three and six months ended March 31, 2025, for consistency in presentation.












 






 






Three Months Ended






 






Six Months Ended








 






 






March 31,






 






March 31,








 






 






 






2026






 






 






 






2025






 






 






 






2026






 






 






 






2025






 








Net (loss) income attributable to MarineMax, Inc.






 






$






(2,598






)






 






$






3,300






 






 






$






(10,524






)






 






$






21,366






 








Interest expense (excluding floor plan)






 






 






6,671






 






 






 






7,155






 






 






 






14,026






 






 






 






15,556






 








Income tax (benefit) provision






 






 






(1,106






)






 






 






1,400






 






 






 






(3,947






)






 






 






3,503






 








Depreciation and amortization






 






 






12,711






 






 






 






12,251






 






 






 






25,294






 






 






 






23,849






 








Stock-based compensation expense






 






 






4,152






 






 






 






5,321






 






 






 






6,798






 






 






 






10,794






 








Transaction and other costs






 






 






5,747






 






 






 






602






 






 






 






8,723






 






 






 






823






 








Restructuring expense






 






 






62






 






 






 






273






 






 






 






209






 






 






 






776






 








Change in fair value of contingent consideration






 






 






(757






)






 






 






106






 






 






 






(343






)






 






 






(25,712






)








Weather (recoveries) expenses






 






 






(1,226






)






 






 






553






 






 






 






(1,217






)






 






 






5,521






 








Foreign currency






 






 






236






 






 






 






(43






)






 






 






420






 






 






 






499






 








Adjusted EBITDA






 






$






23,892






 






 






$






30,918






 






 






$






39,439






 






 






$






56,975






 























 


1, 2 Non-GAAP Financial Measures


This press release, along with the above Supplemental Financial Information table, contains “Adjusted net (loss) income attributable to MarineMax, Inc.,” “Adjusted diluted net (loss) income per common share,” “Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization” (“Adjusted EBITDA”), and “Adjusted selling, general and administrative expenses” (“Adjusted SG&A”), which are non-GAAP financial measures as defined under applicable securities legislation. Adjusted SG&A expenses represent SG&A expenses adjusted for transaction and other costs, intangible amortization, change in fair value of contingent consideration, weather expenses, and restructuring expense. See the tables labeled, “Supplemental Financial Information” for the excluded amounts for both periods for Adjusted SG&A.


In determining these measures, the Company excludes certain items which are otherwise included in determining the comparable GAAP financial measures. The Company believes these non-GAAP financial measures are key performance indicators that improve the period-to-period comparability of the Company’s results and provide investors with more insight into, and an additional tool to understand and assess, the performance of the Company's ongoing core business operations. Investors and other readers are encouraged to review the related GAAP financial measures and the above reconciliation and should consider these non-GAAP financial measures as a supplement to, and not as a substitute for or as a superior measure to, measures of financial performance prepared in accordance with GAAP.


In addition, we have not reconciled our fiscal year 2026 Adjusted net income and Adjusted EBITDA guidance to net income (the corresponding GAAP measure for each), which is not accessible on a forward-looking basis due to the high variability and difficulty in making accurate forecasts and projections, particularly with respect to acquisition contingent consideration, acquisition costs, and other costs. Acquisition contingent consideration and transaction costs, which are likely to be significant to the calculation of net income, are affected by the integration and post-acquisition performance of our acquirees, which is difficult to predict and subject to change. Accordingly, reconciliations of forward-looking Adjusted net income and Adjusted EBITDA are not available without unreasonable effort.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260422021474/en/
Mike McLamb

Chief Financial Officer

727-531-1700
Scott Solomon

Senior Vice President

Sharon Merrill Advisors

857-383-2409

HZO@investorrelations.com


Original: MarineMax Reports Fiscal 2026 Second Quarter Results