Highest-materiality recent filing
MarineMax to be acquired by Safe Harbor Marinas for $53.00 per share in cash
Merger consideration: $53.00 per share in cash; no financing condition for Parent.
MarineMax Q3 net income $15.4M vs loss; gross margin up 530 bps to 35.7%
Revenue $611.3M (-7% YoY); same-store sales down 7%; gross profit up 9.2% to $218.1M.
MarineMax refinances $1.49B credit facilities, extends maturity to June 2031
New $950M floor plan, $302.5M term loan, $150M revolver (up from $100M), and $85M mortgage facility.
MarineMax Q2 revenue down 16% to $527M; net loss $2.6M, reaffirms FY guidance
Revenue $527.4M vs $631.5M prior year; same-store sales down 15%.
MarineMax authorizes $100M stock repurchase program through March 2028
Board approves new $100M buyback authorization from March 4, 2026 to March 2028, replacing prior $100M plan expiring March 2026.
Shareholders elected William Brett McGill, Odilon Almeida, and Daniel Schiappa as directors for three-year terms expiring in 2029.
Revenue $657.2M, down 13.3% YoY; same-store sales down 9%.
MarineMax Q2 revenue record $631.5M (+8.3% YoY), guidance cut on tariff uncertainty
Net income $3.3M ($0.14 diluted EPS); adjusted EPS $0.23 vs $0.18 YoY.
MarineMax Q1 revenue down 11.2% to $468.5M, adjusted EPS $0.17, reaffirms FY25 guidance
Revenue of $468.5M, down 11.2% YoY; same-store sales declined 11% due to soft retail and hurricanes.
MarineMax Q4 revenue down 5% to $563M; EPS $0.17 vs $0.67 last year
Q4 net income $4.0M ($0.17 diluted EPS); adjusted EPS $0.24; same-store sales down 5% due to Hurricane Helene.
MarineMax Q3 revenue up 5% to $757.7M; EPS falls to $1.37 from $1.98
Revenue $757.7M (+5% YoY); same-store sales +4%.
Revenue $582.9M, up 2% YoY; same-store sales +2%; gross margin 32.7% vs 35.2% a year ago.
MarineMax reports customer & employee data exfiltrated in March 10 cyberattack
On March 10, 2024, MarineMax discovered unauthorized third-party access to portions of its information environment.
Third party gained unauthorized access to portions of MarineMax's information environment; incident detected March 10, 2024.
MarineMax board authorizes new $100M stock repurchase plan through March 2026
New $100M buyback authorization effective through March 31, 2026; replaces 2020 plan authorizing up to 10M shares.
MarineMax Q1 FY2024 EPS $0.04 ($0.19 adj) vs $0.89 ($1.24 adj) YoY; revenue record $527M
MarineMax Q1 revenue $527.3M, record for Dec quarter; same-store sales up 4%.
MarineMax Q4 revenue record $595M, net income $15.1M; FY2024 adj. EPS guidance $4.50-$5.00
Record Q4 revenue of $594.6M, up 11% YoY; same-store sales up 8%.
MarineMax reports record Q3 revenue of $721.8M; diluted EPS $1.98 vs $3.17 YoY
Revenue rose 4.8% to a record $721.8M; same-store sales increased slightly versus 5% decline a year ago.
MarineMax Q2 revenue falls 7% YoY to $570.3M; guides FY adj. EPS to $4.90-$5.50
Net income of $30.0M ($1.35 diluted EPS vs. $2.37 last year); adjusted EPS $1.23 vs. $2.40.
MarineMax Q1 revenue up 7% to $507.9M; net income drops to $19.7M; updates FY2023 guidance
Revenue of $507.9M, up 7% YoY; record December quarter gross margin of 36.8%.
MarineMax completes $480M acquisition of IGY Marinas; files historical financials
Closed acquisition of Island Global Yachting LLC and Island Gardens Deep Harbour for $480M cash, effective Oct 1, 2022.
MarineMax reports record Q4 revenue $537M, diluted EPS $1.73, FY2023 guidance $7.90-$8.40
Q4 revenue $536.8M (+16% YoY); same-store sales +11%; diluted EPS $1.73 vs $1.45 prior year.
MarineMax closes $480M acquisition of IGY Marinas, with up to $100M earnout
Acquired IGY Marinas for $480M cash, plus up to $100M earnout based on performance metrics.
MarineMax to acquire IGY Marinas for $480M; expands global marina network
MarineMax (HZO) agrees to buy IGY Marinas for $480M cash, plus up to $100M earnout; expected close H1 FY2023.
MarineMax Q3 revenue $688.5M, EPS $3.17; raises FY2022 guidance
Revenue $688.5M (+3% YoY); EPS $3.17 (+22% YoY); net income $70.2M.
MarineMax reports record Q2 revenue $610.1M, EPS $2.37; raises FY22 guidance to $7.90-$8.30
Revenue record $610.1M (+17% YoY); same-store sales +7% on top of +45% prior year.
MarineMax acquires superyacht management firm SYM; expects first-year accretion
Acquired Superyacht Management (SYM), a superyacht management company based in Golfe Juan, France.
MarineMax extends stock repurchase plan authorizing up to 10M shares through March 2024
Board extended stock repurchase plan, authorizing repurchase of up to 10M shares through March 31, 2024.
MarineMax reports record Q1 FY2022: EPS $1.59, revenue $472.7M, raises guidance
Revenue grew 15% to $472.7M; same-store sales up 9% on new unit growth.
MarineMax completes acquisition of Intrepid Powerboats; LTM revenue >$60M
Acquisition of Intrepid Powerboats completed on November 3, 2021.
MarineMax acquires Texas MasterCraft, a Dallas-area towboat dealer with >$45M 2020 revenue
Texas MasterCraft generated over $45 million in revenue in 2020.
MarineMax reports record Q4 revenue $462M, FY2021 EPS $6.78; guides FY2022 EPS $7.20-$7.50
Q4 revenue $462.3M (+16% YoY); diluted EPS $1.45 vs $1.13 prior year.
On August 27, 2024, Hilliard M. Eure III resigned as a member of the Board of Directors (the “Board”) of MarineMax, Inc. (the “Company”), effective September 1, 2024.
On August 27, 2024, the Board appointed Bonnie Biumi to serve as a member of the Board, succeed Mr. Eure as the Audit Committee Chair and serve on the Nominating/Corporate Governance Committee, effective upon Mr. Eure’s resignation.
Charles R. Oglesby informed the Board of Directors (the “Board”) of MarineMax, Inc. (the “Company”) that he intends to resign as a director of the Company, effective July 31, 2024.
Mr. McGill currently serves as the Executive Chair of the Board and, effective upon his resignation, Rebecca White, a member of the Board since 2018, will assume the role of Chair of the Board.
On May 16, 2024, Joseph Watters and William H. McGill, Jr. informed the Board of Directors (the “Board”) of MarineMax, Inc. (the “Company”) that each intends to retire as a director of the Company, effective June 30, 2024.
On May 16, 2024, Joseph Watters and William H. McGill, Jr. informed the Board of Directors (the “Board”) of MarineMax, Inc. (the “Company”) that each intends to retire as a director of the Company, effective June 30, 2024.
On September 20, 2022, the Company’s Board of Directors appointed Mercedes Romero to its Board of Directors effective October 1, 2022.
On September 21, 2021, the Company’s Board of Directors elected Adam M. Johnson to its Board of Directors.
Max materiality 1.00 · Median 0.65 · Most common event earnings