Core Viewpoint - MarineMax, Inc. is under investigation for potential securities fraud and unlawful business practices following a significant reduction in profit guidance and a sharp decline in stock price [1][3][4]. Financial Performance - On July 24, 2025, MarineMax reported its financial results for Q3 2025, cutting its profit guidance by 50% at the midpoint to a range of $0.45 to $0.95 per share, down from a previous guidance of $1.40 to $2.40 per share [3]. - The CEO attributed the weak retail demand in the recreational marine industry to ongoing economic uncertainty, evolving trade policies, and geopolitical tensions, leading consumers to delay purchases [3]. Stock Market Reaction - Following the announcement of the reduced profit guidance, MarineMax's stock price fell by $4.61, or 16.87%, closing at $22.71 per share on July 24, 2025 [4].

Core Insights - MarineMax reported disappointing fiscal Q3 2025 results, with Non-GAAP EPS of $0.49 falling short of analysts' expectations of $1.17 and revenue of $657.2 million below the anticipated $738.2 million, marking a decline from $757.7 million in the prior year [1][2][5] Financial Performance - Non-GAAP EPS decreased by 67.6% year-over-year from $1.51 to $0.49 [2] - Revenue (GAAP) fell by 13.3% year-over-year from $757.7 million to $657.2 million [2] - Gross margin declined to 30.4%, down 1.6 percentage points from the previous year [2][7] - Adjusted EBITDA dropped by 49.6% year-over-year to $35.5 million from $70.4 million [2] - Same-store sales growth was reported at -9% compared to the prior year [2][5] Business Overview - MarineMax specializes in the sale and service of recreational boats, managing a diverse portfolio that includes premium brands and marina operations [3] - The company is focusing on expanding higher-margin operations, including marinas and superyacht services, to mitigate the impact of retail boat sales fluctuations [4] Operational Challenges - The core retail business faced significant pressure, with new boat sales revenue declining by 12.8% year-over-year [5] - The manufacturing segment reported a revenue drop to $32.2 million, impacted by a $69.1 million goodwill impairment, indicating a reassessment of long-term value [6] Strategic Developments - Despite challenges in retail, the company expanded its IGY Marinas network, opening new locations and securing management contracts [8] - Higher-margin businesses, such as marina operations and superyacht services, provided some offset to retail weaknesses, with strong bookings in European superyacht charters [8] Future Outlook - Management has lowered its adjusted EPS guidance to a range of $0.45 to $0.95 per share, down from $1.40 to $2.40, reflecting a cautious view of industry demand [10] - Adjusted EBITDA expectations were also reduced to $105–$120 million from $140–$170 million [10] - Key factors to monitor include same-store sales recovery, profit margin pressures, and the performance of premium and recurring-revenue businesses [11]

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 JUNE 30, 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 Principa ...

MarineMax (HZO) Q3 2025 Earnings Call July 24, 2025 10:00 AM ET Speaker0Good morning, and welcome to the MarineMax Incorporated Fiscal twenty twenty five Third Quarter Conference Call. Today's call is being recorded. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. I would now like to turn the call over to Scott Solomon of the company's Investor Relations firm, Sharon Merrill Advisors.Please go ahead, sir.Speaker1Good morning and th ...

Q3 FY 2025 Investor Presentation July 24, 2025 Forward-Looking Statements Information contained in this presentation, other than historical information, should be considered forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These statements 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 presentation. These risks, assumptions, and uncertainties inc ...

Core Insights - MarineMax reported quarterly earnings of $0.49 per share, missing the Zacks Consensus Estimate of $1.16 per share, and down from $1.51 per share a year ago, representing an earnings surprise of -57.76% [1] - The company posted revenues of $657.16 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 10.4%, and down from $757.72 million year-over-year [2] - MarineMax shares have underperformed the market, losing about 5.6% since the beginning of the year compared to the S&P 500's gain of 8.1% [3] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.35 on revenues of $579.07 million, and for the current fiscal year, it is $1.92 on revenues of $2.41 billion [7] - The estimate revisions trend for MarineMax was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Retail - Miscellaneous industry, to which MarineMax belongs, is currently in the bottom 20% of the Zacks industry rankings, suggesting potential challenges for stock performance [8] - Another company in the same industry, Sally Beauty, is expected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decline of -8.9% [9]

Exhibit 99.1 MarineMax Reports Fiscal 2025 Third Quarter Results ~ June Quarter Revenue of $657.2 Million ~ ~ Gross Margin of 30.4 % Demonstrates Resilience of Higher-Margin Businesses Despite Challenging Market Conditions ~ ~ Updates Fiscal 2025 Guidance ~ ~ Earnings Conference Call at 10:00 a.m. ET Today ~ OLDSMAR, Florida, July 24, 2025 – MarineMax, Inc. (NYSE: HZO) ("MarineMax" or the "Company"), the world's largest recreational boat and yacht retailer, marina operator and superyacht services company, t ...

Back in February of this year, one company that I mentioned that I was bullish about was MarineMax (NYSE: HZO ). This was not the first time that I expressed a bullish view regarding the world's largest recreational boatCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses ...

Core Insights - MarineMax, Inc. (NYSE: HZO) is navigating a cautious macroeconomic environment while reporting strong fiscal Q2 earnings [1] - The company has reduced its FY2025 guidance despite the strong earnings performance [1] Financial Performance - MarineMax reported strong fiscal Q2 earnings, indicating resilience in its operations [1] - The specifics of the earnings report were not detailed, but the overall performance was characterized as strong [1] Future Outlook - The company has slashed its FY2025 guidance, suggesting a more conservative outlook moving forward [1]

Financial Performance - Revenue for the three months ended March 31, 2025, was $631.5 million, an increase from $582.9 million in the same period of 2024, representing an 8.3% growth[10] - Net income attributable to MarineMax, Inc. for the three months ended March 31, 2025, was $3.3 million, up from $1.6 million in the same period of 2024, marking a 108.5% increase[10] - Basic net income per common share for the three months ended March 31, 2025, was $0.15, compared to $0.07 for the same period in 2024, indicating a 114.3% increase[10] - Comprehensive income attributable to MarineMax, Inc. for the three months ended March 31, 2025, was $7.1 million, compared to $0.2 million in the same period of 2024[13] - Revenue increased by $48.6 million, or 8.3%, to $631.5 million for the three months ended March 31, 2025, compared to $582.9 million for the same period in 2024[117] - Comparable-store sales increased by $63.0 million, or 11%, primarily driven by increases in new and used boat revenue[117] Assets and Liabilities - Total assets as of March 31, 2025, were $2.67 billion, an increase from $2.61 billion as of September 30, 2024, representing a growth of 2.6%[15] - Total liabilities increased to $1.67 billion as of March 31, 2025, compared to $1.62 billion as of September 30, 2024, reflecting a rise of 3.2%[15] - Cash and cash equivalents decreased to $203.5 million as of March 31, 2025, from $224.3 million as of September 30, 2024, a decline of 9.2%[15] - Total long-term debt as of March 31, 2025, is $374.1 million, a decrease from $391.2 million as of September 30, 2024, representing a reduction of approximately 4.3%[83] - As of March 31, 2025, total indebtedness associated with short-term borrowings and long-term debt was approximately $1.1608 billion[138] Cash Flow - Cash used in operating activities was $73,583 thousand for the six months ended March 31, 2025, an improvement from $111,182 thousand in the same period of 2024[20] - MarineMax's net cash used in investing activities totaled $25,743 thousand for the first half of 2025, compared to $49,889 thousand in the previous year[20] - Cash provided by financing activities was approximately $79.4 million for the six months ended March 31, 2025, compared to $175.4 million for the same period in 2024[132] Acquisitions and Growth Strategy - The company acquired Boatzon, C&C Boat Works, AGY, Williams Tenders USA, Native Marine, and Shelter Bay Marina between January 2023 and March 2025[25] - The company plans to explore acquisition opportunities as part of its growth strategy, subject to macro-economic conditions[109] - The company completed three acquisitions in the fiscal year ending September 30, 2024, and three acquisitions to date in fiscal 2025[105] Operational Metrics - Total inventories as of March 31, 2025, are valued at $973.410 million, an increase of 7.4% from $906.641 million as of September 30, 2024[66] - Revenue from new boat sales constituted 63.8% of total revenue for the three months ended March 31, 2025, compared to 64.3% for the same period in 2024[54] - Revenue from maintenance and repair services was 3.9% of total revenue for the three months ended March 31, 2025, down from 4.2% in the same period of 2024[54] - Retail Operations segment revenue was $626.3 million for the three months ended March 31, 2025, compared to $579.2 million for the same period in 2024[99] Expenses and Profitability - Gross profit for the six months ended March 31, 2025, was $359.2 million, compared to $365.9 million for the same period in 2024, reflecting a decrease of 1.9%[10] - Selling, general, and administrative expenses decreased by $28.0 million, or 8.6%, to $297.5 million for the six months ended March 31, 2025[124] - Interest expense decreased by $0.8 million to $36.9 million for the six months ended March 31, 2025, primarily due to lower interest rates[125] Risks and Challenges - The company faces risks from international operations, including potential impacts from tariffs and geopolitical tensions, which may adversely affect profitability and sales[154] - The company acknowledges that geopolitical and economic uncertainties may materially harm its business and financial performance[155] - The company believes that recent tariff actions by the U.S. could increase costs and decrease demand for its products, particularly in the luxury goods market[156] Stock and Shareholder Information - The company repurchased a total of 536,886 shares at an average price of $23.15 during the month of March 2025, with a maximum of 3,973,403 shares remaining under the repurchase program[160] - The company is authorized to purchase up to $100 million of its common stock through March 31, 2026, as part of its share repurchase program announced on March 11, 2024[165]