skynesher MarineMax, Inc. (NYSE:HZO), the boat dealership operator, reported the company's Q3 results on the 25th of July, showing a surprisingly good performance in the challenged industry backdrop. With the results beating Wall Street estimates by a notable margin, the stock went up by 17% on the earnings day. I previously wrote an article on the stock, titled "MarineMax: Extensive Acquisitions Could Prove Themselves Promising". In the article, published on the 18th of October in 2023, I initiated MarineM ...

In February 2019, our shareholders approved a proposal to amend our Stock Purchase Plan to increase the number of shares available under that plan by 500,000 shares. The Stock Purchase Plan as amended provides for up to 1,500,000 shares of common stock to be available for purchase by our regular employees who have completed at least one year of continuous service. In addition, there were 52,837 shares of common stock available under our 1998 Employee Stock Purchase Plan, which have been made available for i ...

QUARTERLY PERFORMANCE Revenue (Q3) $757.7M 2024 $721.8M 2023 32.0% 2024 33.8% 2023 | --- | |-------| | | | | | | | | 23 Formidable balance sheet provides capital for growth 2024 2023 $533.9M $521.6M Shareholders' Equity 2024 1.32 25 | --- | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------------------------------------------|--------------------------------------------------------------------------------------| | | | | | Larg ...

For the quarter ended June 2024, MarineMax (HZO) reported revenue of $757.72 million, up 5% over the same period last year. EPS came in at $1.51, compared to $2.07 in the year-ago quarter. The reported revenue represents a surprise of +5.73% over the Zacks Consensus Estimate of $716.68 million. With the consensus EPS estimate being $1.35, the EPS surprise was +11.85%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...

MarineMax (HZO) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.35 per share. This compares to earnings of $2.07 per share a year ago. These figures are adjusted for nonrecurring items. MarineMax, which belongs to the Zacks Retail - Miscellaneous industry, posted revenues of $757.72 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.73%. This compares to year-ago revenues of $721.84 million. The company has topped consensus r ...

Exhibit 99.1 MarineMax Reports Fiscal 2024 Third Quarter Results ~ Posts June Quarter Revenue of $757.7 Million, Up 5% Year-over-Year ~ ~ Gross Margin of 32.0% Highlights Successful Strategy of Expansion into Higher Margin Businesses ~ ~ Reports Comparable Same-Store Sales Growth of 4% ~ ~ Reaffirms Fiscal 2024 Financial Guidance ~ ~ Hosts Earnings Conference Call at 10:00 a.m. ET Today ~ Fiscal 2024 Third Quarter Summary • June quarter revenue of $757.7 million • Same-store sales increase of 4% • Gross pro ...

OKLAHOMA CITY, July 22, 2024 (GLOBE NEWSWIRE) -- Murphy Law Firm is investigating claims on behalf of all individuals whose personal and confidential information was compromised in the data breach involving MarineMax, Inc. ("MarineMax"). On March 10, 2024, MarineMax detected suspicious activity on its computer network, indicating a data breach. Based on a subsequent forensic investigation, MarineMax determined that cybercriminals infiltrated its inadequately secured computer systems and thereby gained acces ...

MarineMax (HZO) shares ended the last trading session 27% higher at $36.17. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.4% gain over the past four weeks. For MarineMax, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HZO go ...

Over the years, I have found that patience is incredibly important when it comes to investing. This is especially true during difficult times. Rarely can you expect to generate strong upside immediately after buying shares of a business. But during the time in which subpar performance reigns supreme, the psychological toll that it can take can be difficult to deal with. A good example of a firm that has woefully underperformed my expectations but that I still feel very bullish about is MarineMax (NYSE:HZO). ...

Financial Performance - Fiscal Year 2023 revenue reached $2.39 billion[31], compared to $2.31 billion in 2022[36] - Pre-tax growth saw a 32% Compound Annual Growth Rate (CAGR) from 2020 to 2023[33, 35] - Adjusted diluted earnings per share (EPS) for fiscal year 2023 was $5.21[96] - Gross margin for fiscal year 2023 was 34.9%[50, 96] - Cash position was $216.7 million in 2024, compared to $204.3 million in 2023[59] Strategic Growth & Acquisitions - The company completed 16 strategic transactions[125] - Over $600 million of revenue was acquired through higher-margin businesses[109] - The company expanded its marina and storage locations from 24 to 66 through strategic acquisitions[137] Q2 2024 Performance - Revenue for Q2 2024 was $582.9 million, compared to $570.3 million in Q2 2023[55] - Adjusted EBITDA for Q2 2024 was $29.6 million, compared to $57.4 million in Q2 2023[44] - Gross profit margin decreased by 250 basis points (2.5%) in Q2 2024 compared to Q2 2023[54]