OLDSMAR, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO) ("MarineMax†or the "Company†), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, today confirmed that it has received an unsolicited, non-binding indication of interest from The Donerail Group ("Donerail†) to acquire all of the Company's outstanding common shares for $35.00 per share in cash. Forward-Looking Statement Certain statements in this press release are forward-looking as defined ...

Activist investor Donerail Group said on Tuesday it had submitted a non-binding indicative proposal to acquire MarineMax at $35 per share, in an all-cash deal that would value the superyacht service c... ...

LOS ANGELES, Feb. 03, 2026 (GLOBE NEWSWIRE) -- The Donerail Group (“Donerail”) confirmed today, in response to media speculation, that it has submitted a non-binding indicative proposal to acquire 100% of MarineMax, Inc. (“MarineMax” or the “Company”) (NYSE: HZO) for $35.00 per share in cash. The proposal implies a total transaction value of approximately $1.1 billion, excluding floor plan financing, and represents a 38% premium over MarineMax’s 60-day volume-weighted average price of $25.45.1 “Our all-cash ...

Donerail Group has offered to buy MarineMax for $35 per share in an all-cash deal that would value the superyacht service company at just over $1 billion, three sources familiar with the matter told R... ...

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McGill said boat shows provided an early read on demand heading into the spring season. The Fort Lauderdale International Boat Show served as the kickoff, followed by events in markets including Boston, Atlanta, New York, Milwaukee, St. Petersburg, and Minneapolis. While he cautioned it is still early, he said the “consistency of interest across these events” has made the company “increasingly optimistic” ahead of the core spring selling season. He added that the Miami and Palm Beach shows will be key indic ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2025. Commission File Number. 1-14173 MARINEMAX, INC. (Exact Name of Registrant as Specified in Its Charter) Florida 59-3496957 (State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 501 Brooker Creek Boulevard Oldsmar, Florida 34677 (Address of Prin ...

Financial Data and Key Metrics Changes - Revenue for the December quarter increased year-over-year to $505 million, supported by nearly 11% same-store sales growth [11][12] - Gross profit was $160 million, down from the prior year due to margin pressure, with gross margins over 400 basis points below historical levels [13][14] - Reported net loss per share was $0.36, or $0.21 on an adjusted basis, with adjusted EBITDA at $15.5 million [14][15] - The company maintained a strong balance sheet with nearly $165 million in cash and improved current ratio [15] Business Line Data and Key Metrics Changes - Same-store sales performance was driven by premium brand offerings and a shift towards larger products, despite unit volume declining by low- to mid-single digits [7][12] - Higher-margin businesses, such as marinas, finance and insurance, and superyacht services, contributed positively to consolidated gross profit [13][31] Market Data and Key Metrics Changes - Market conditions remained challenging with elevated promotional activity and cautious retail behavior affecting demand patterns [6][9] - The company successfully reduced inventory levels by nearly $170 million compared to last year, indicating progress towards normalized inventory levels [8][15] Company Strategy and Development Direction - The company aims to expand into higher-margin, more stable businesses through acquisitions and operational improvements [8][9] - Focus remains on maintaining appropriate inventory levels, delivering high-quality customer experiences, and managing the business with a long-term perspective [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding early demand signals from boat shows, indicating potential for growth in the spring selling season [10][19] - The outlook for fiscal 2026 remains balanced due to ongoing uncertainty in the broader consumer and macroeconomic environment [10][17] Other Important Information - The company reaffirmed its fiscal 2026 guidance, expecting adjusted EBITDA in the range of $110 million to $125 million and adjusted net income between $0.40 and $0.95 per diluted share [16][17] - Customer deposits remained flat year-over-year, which is seen as a positive sign amid the current environment [15][50] Q&A Session Summary Question: What are the assumptions regarding the discounting environment as the selling season progresses? - Management expects the promotional environment to remain active during the winter, with potential improvement in margins as inventory levels normalize in the second half of the fiscal year [21][22] Question: Can you quantify the drivers of the decline in gross margin? - The decline in gross margin is primarily driven by promotional pressures rather than mix, with new boat margins being significantly lower than the previous year [67] Question: How did same-store sales perform throughout the quarter? - Same-store sales were strong throughout the quarter, aided by the Fort Lauderdale Boat Show, with expectations for positive growth in January [68] Question: What is the current state of customer deposits? - Customer deposits have stabilized year-over-year, reflecting solid business trends, particularly in larger products [50] Question: How are the boat shows influencing demand across different segments? - Demand at higher price points has been strong, while the lower end remains challenged, but overall trends indicate a cautious recovery in the premium segment [41][42]

Financial Data and Key Metrics Changes - Revenue for the December quarter increased year-over-year to $505 million, supported by nearly 11% same-store sales growth [11][12] - Gross profit was $160 million, down from the prior year due to margin pressure, with gross margins over 400 basis points below historical levels [13][14] - Reported net loss per share was $0.36, or $0.21 on an adjusted basis, with adjusted EBITDA at $15.5 million [14][15] - The balance sheet remained strong with nearly $165 million in cash and a healthy net debt to adjusted EBITDA ratio of just over 2x [15] Business Line Data and Key Metrics Changes - Same-store sales performance was supported by premium brand offerings and a shift towards larger products, despite unit volume declining by low- to mid-single digits [7][12] - Higher-margin businesses, such as marinas, finance and insurance, and super yacht services, contributed positively to consolidated gross profit [13][14] Market Data and Key Metrics Changes - Market conditions remained challenging with elevated promotional activity and cautious retail behavior affecting demand patterns [6][9] - The company successfully reduced inventory levels by nearly $170 million compared to last year, indicating progress towards normalized inventory levels [8][15] Company Strategy and Development Direction - The company aims to maintain an appropriate inventory position, deliver a high-quality customer experience, and manage the business with a long-term perspective [9][10] - Continued focus on acquiring complementary, less cyclical, higher-margin operations to build a more durable business model [8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding early season demand signals from boat shows, indicating potential for growth in the premium segment [10][19] - The outlook for Fiscal 2026 remains balanced due to ongoing uncertainty in the broader consumer and macroeconomic environment, with expectations for adjusted EBITDA in the range of $110 million-$125 million [16][17] Other Important Information - Customer deposits remained flat year-over-year, which is seen as a positive sign given the current environment [15][50] - The company continues to prioritize maintaining inventory levels and enhancing operational efficiency to support long-term value creation [11][19] Q&A Session Summary Question: What are the assumptions regarding the discounting environment as the selling season progresses? - Management expects the promotional environment to remain active during the winter, with potential improvement in margins as inventory levels normalize in the second half of the fiscal year [21][22] Question: Can you quantify the drivers of the decline in gross margin? - The decline in gross margin is primarily driven by promotional pressures rather than mix, with new boat margins being significantly lower than the previous year [66] Question: How is demand across various income groups and price points? - Demand at the premium end has been strong, while the lower end remains challenged, with overall consumer sentiment affected by broader economic uncertainty [38][42]

Financial Data and Key Metrics Changes - Revenue for the December quarter increased year-over-year to $505 million, supported by nearly 11% same-store sales growth [10][11] - Gross profit was $160 million, down from the prior year due to margin pressure, with gross margins over 400 basis points below historical levels [11][12] - Reported net loss per share was $0.36, or $0.21 on an adjusted basis, with adjusted EBITDA at $15.5 million [13][15] - The company maintained a strong balance sheet with nearly $165 million in cash and improved current ratio and total liabilities to tangible net worth ratio [14] Business Line Data and Key Metrics Changes - Same-store sales performance was supported by premium brand offerings and a shift to larger products, despite unit volume declining by low- to mid-single digits [6][10] - Higher-margin businesses, such as marinas, finance and insurance, and super yacht services, contributed positively to consolidated gross profit [11][12] Market Data and Key Metrics Changes - Market conditions remained challenging with elevated promotional activity and cautious retail behavior affecting demand patterns [5][6] - The company noted that the fiberglass segment continued to be under pressure, impacting overall sales [38] Company Strategy and Development Direction - The company aims to reduce inventory levels, achieving a reduction of nearly $170 million year-over-year, and expects inventory levels to normalize in the second half of the fiscal year [7][15] - The strategy includes acquiring complementary, less cyclical, higher-margin operations to build a more durable business model [7][8] - The company remains focused on maintaining appropriate inventory levels and delivering a high-quality customer experience [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the upcoming spring selling season, noting early positive sentiment from boat shows [9][18] - The outlook for Fiscal 2026 remains balanced due to ongoing uncertainty in the broader consumer and macroeconomic environment [9][15] - Management expects retail margin pressure to persist through the end of the fiscal second quarter, with potential for margin recovery in the second half of the year [15][17] Other Important Information - The company reaffirmed its guidance for Fiscal 2026, expecting adjusted EBITDA in the range of $110 million to $125 million and adjusted net income between $0.40 and $0.95 per diluted share [15][16] - Customer deposits remained flat year-over-year, indicating solid business trends despite market uncertainties [14][49] Q&A Session Summary Question: What are the assumptions regarding the discounting environment as the selling season progresses? - Management expects the promotional environment to remain active during the winter, with potential for margin recovery in the spring as inventory levels normalize [21][22] Question: What is the target for inventory levels by the end of Fiscal 2026? - The goal is to achieve inventory turns above two times, requiring a reduction in inventory dollars compared to the previous year [23] Question: Can you clarify the same-store sales growth and unit volume changes? - Same-store sales grew nearly 11% despite a mid-single digit decline in unit volumes, driven by a significant increase in average unit selling prices [28][29] Question: How is demand across various income groups and price points? - Demand at the premium end is performing better, while the lower end remains more challenged, with overall trends being affected by market uncertainties [38][40] Question: What is the outlook for gross margins in the second half of the fiscal year? - Management anticipates less pressure on gross margins in the back half of the year, with opportunities for consolidation margin expansion [47] Question: What is the status of customer deposits? - Customer deposits have stabilized year-over-year, reflecting solid business trends without significant one-time impacts [49] Question: What is the current state of acquisition targets and valuations? - The acquisition pipeline remains robust, but many potential targets are facing earnings challenges, complicating valuation discussions [68][70]