- MarineMax, Inc. (HZO, Financial) reported a record second-quarter revenue of $631.5 million, an 8.3% increase year-over-year.
- Second-quarter net income was $3.3 million, with an adjusted net income of $5.4 million.
- The company updated its fiscal 2025 guidance due to ongoing economic uncertainties and tariff impacts.
MarineMax, Inc. (HZO), the leading recreational boat and yacht retailer, has announced its fiscal 2025 second-quarter results, which marked a record revenue of $631.5 million. This represents an 8.3% increase compared to the same period last year, primarily driven by a surge in boat sales.
Despite challenges in the retail market, the company showed a notable 11% increase in same-store sales. MarineMax reported a net income of $3.3 million, or $0.14 per diluted share, and an adjusted net income of $5.4 million, or $0.23 per diluted share. The company's adjusted EBITDA also saw an improvement, rising to $30.9 million from $29.6 million in the previous year.
The gross margin for the second quarter was 30.0%, a decrease from the previous year due to retail margin pressures and a higher proportion of boat sales during this period. Prudent expense management led to adjusted SG&A expenses being reduced by $1.7 million, reflecting improved operating efficiency.
MarineMax expanded its marina portfolio with the strategic acquisition of Shelter Bay Marine in Marathon, Florida. This move aimed to strengthen its service offerings in the Florida Keys.
Looking ahead, MarineMax adjusted its fiscal 2025 guidance due to increasing uncertainties from newly implemented tariffs and shifting retail trends. The company now expects adjusted net income between $1.40 and $2.40 per diluted share and adjusted EBITDA between $140 million and $170 million.
MarineMax will discuss these results in a conference call scheduled for 10:00 a.m. ET today, accessible via the company's website.
