HZO
MarineMax, Inc.24.59
-0.51-2.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Q&A details margin, inventory targets
Q&A largely reaffirmed prepared remarks on reaffirmed FY2026 guidance amid industry inventory overhang, but added granularity on margin dynamics: pressure persists through Q2, with modest recovery eyed late March into June as dealer aggressiveness eases and inventory turns target above 2x by year-end. Premium segments outperformed entry-level at boat shows, driving mix benefits, yet start-stop buying persists from macro news. Flat YoY customer deposits signal stabilizing demand. Acquisition pipeline remains robust, though weak dealer earnings stall deals. Management stayed direct on analyst probes. Boat shows shone positively. Investors will eye spring sales momentum.
Key Stats
Market Cap
537.77MP/E (TTM)
-Basic EPS (TTM)
-1.43Dividend Yield
0%Recent Filings
8-K
New $100M buyback authorized
MarineMax launched a new $100 million stock repurchase program on March 4, 2026, replacing the prior plan through March 2026 under which it bought 1.4 million shares. Repurchases target open market or block trades to offset dilution from restricted stock. Purchases hinge on stock price, market conditions, and cash availability. Forward-looking repurchase plans carry execution risks.
8-K
Shareholders boost equity pool
MarineMax shareholders approved three directors—McGill, Almeida, Schiappa—for three-year terms and ratified KPMG as auditor for fiscal 2026 at the March 3 annual meeting. They also backed say-on-pay and added 415,000 shares to the 2021 Stock-Based Compensation Plan. Shareholders greenlit more equity firepower.
10-Q
Q1 FY2026 results
MarineMax revenue climbed 7.8% y/y to $505.2M for Q1 FY2026 ended December 31, 2025, driven by 10.7% comparable-store sales growth despite prior-year hurricane disruptions, yet gross margin slipped to 31.8% from 36.2% on promotions and sales mix. Operating income fell to $4.9M from $39.0M as SG&A rose 19.1%, mainly from prior-year contingent consideration gains; net loss hit $7.9M or $(0.36) diluted EPS, with no dilution as shares matched basic (anti-dilution flagged). Cash swelled to $164.6M, FCF at $8.3M (derived), while Floor Plan debt eased to $702.7M and long-term debt to $347.5M under compliant covenants. Retail ops carried the load; Product Manufacturing lost $6.1M. Tariffs threaten supply costs.
8-K
Q1 revenue up, loss amid margins
MarineMax posted Q1 fiscal 2026 revenue of $505.2 million, up 7.8%, with same-store sales over 10% higher despite retail margin pressure. Gross margin slipped to 31.8% from 36.2%, yielding a $7.9 million net loss; inventories dropped $167.3 million year-over-year. Higher-margin businesses cushioned the blow. Reaffirms full-year Adjusted EBITDA guidance of $110-125 million.
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