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Off The Hook YS Inc. to Announce Third Quarter 2025 Financial and Operating Results on Monday, December 15, 2025
Globenewswire· 2025-12-09 15:20
Core Viewpoint - Off The Hook YS Inc. will announce its third quarter 2025 financial and operating results on December 15, 2025, after market close, followed by a live earnings conference call [1] Company Overview - Off The Hook YS Inc., founded in 2012, is one of America's largest buyers and sellers of pre-owned boats, headquartered in Wilmington, North Carolina, with operations along the East Coast and South Florida [3] - The company acquires over $100 million in boats and yachts annually, utilizing AI-assisted valuation tools and a data-driven sales platform to enhance transaction speed and transparency [3] - Off The Hook Yachts operates a nationwide network of offices and marinas, providing brokerage, wholesale, and performance yacht sales [3] - The company offers financing solutions through its Azure Funding Division and provides maintenance and support services via Off the Hook Yacht Services [3] - Additional services include asset recovery and repossession through Marine Asset Recovery, as well as auction and lead generation services via Boatsandbuyers.com and Webuyboats.com [3]
Off The Hook Yachts Reminds Boat Buyers that the “One Big Beautiful Bill” Reinstated 100% Bonus Depreciation for Boats Bought By January 19, 2026
Globenewswire· 2025-12-01 14:00
Core Insights - Off The Hook Yachts Inc. is highlighting the reinstatement of 100% bonus depreciation for qualifying business assets, including boats and yachts, through January 19, 2026, due to the "One Big Beautiful Bill Act" signed into law in July 2025 [1][2] Group 1: Tax Incentives - The 100% bonus depreciation allows eligible buyers to deduct the entire purchase price of a qualifying vessel in the first year it is placed into service, provided it is used more than 50% for legitimate business purposes [2] - This tax incentive is expected to create a historic window of affordability for boat buyers during 2025-2026, combined with aggressive year-end pricing and a large inventory [2] Group 2: Company Positioning - Off The Hook Yachts is positioned as the national leader in pre-owned boat inventory, offering a broad selection of all-brand boats, making it easier for customers to find qualifying vessels at exceptional values [3] - The company has a strong operational presence along the East Coast and South Florida, acquiring over $100 million in boats and yachts annually [5] Group 3: Services Offered - Off The Hook Yachts utilizes AI-assisted valuation tools and a data-driven sales platform to enhance the speed and transparency of yacht transactions [5] - The company provides various services, including brokerage, financing through Azure Funding Division, maintenance and repair services, and asset recovery through Marine Asset Recovery [5]
Off The Hook YS Inc. Confirms Development of New Florida Office
Globenewswire· 2025-11-25 13:45
Core Insights - Off The Hook YS Inc. is establishing a new headquarters in Jupiter, Florida, for its luxury brokerage division, Autograph Yacht Group (AYG), led by Mike Burke [1][2] - The new facility will enhance the company's presence in a key yachting market and will include office space and six on-site boat slips for inventory access [2] Company Overview - Off The Hook Yachts, founded in 2012, is one of the largest buyers and sellers of pre-owned boats in the U.S., acquiring over $100 million in boats and yachts annually [3] - The company utilizes AI-assisted valuation tools and a data-driven sales platform to improve the efficiency and transparency of yacht transactions [3]