earnings
confidence high
sentiment positive
materiality 0.75
MarineMax Q3 net income $15.4M vs loss; gross margin up 530 bps to 35.7%
MARINEMAX INC
- Revenue $611.3M (-7% YoY); same-store sales down 7%; gross profit up 9.2% to $218.1M.
- Gross margin 35.7% (+530 bps); includes ~110 bps from tariff refund; improved boat margins and higher-margin businesses.
- Net income $15.4M ($0.66 diluted EPS) vs net loss $52.1M ($2.42 loss) in prior year; adjusted EPS $0.81 vs $0.05.
- Adjusted EBITDA $51.3M vs $35.5M; reaffirms FY2026 guidance: Adj. EBITDA $110-125M, adj. EPS $0.40-$0.95.
- Refinanced $1.49B credit facilities, extended maturities to 2031; inventories down 13% to $788.6M.