MIAMI — MarineMax continues to grow its charter division with the introduction of two new power catamarans at the Yacht & Brokerage Show in Miami Beach.
MarineMax, based in Clearwater, Fla., is the nation’s largest recreational boat retailer and the largest Sea Ray dealer in the world.
MarineMax had near-record sales in its December quarter and strong sales growth in New Jersey during MarineMax’s first quarter of the fiscal year could be a sign that the Northeast is recovering from Hurricane Sandy.
MarineMax today reported an 11 percent revenue increase in its first quarter to $109.6 million from $99.1 million in the quarter last year with same-store sales growing more than 9 percent after an 8 percent increase a year earlier.
MarineMax said it will hold a conference call to review its first-quarter fiscal 2014 earnings results at 10 a.m. EST on Jan. 30.
MarineMax is expanding its headquarters and moving it to a larger location in Clearwater, Fla., a few miles from the current headquarters.
MarineMax appointed Frances Allen to its board of directors.
Larger products sold well at the Fort Lauderdale International Boat Show for MarineMax, although the company saw strength from all segments that the marine dealership chain serves. “This show and others that we have attended recently are further indication that the industry recovery is holding and gaining momentum,” MarineMax CEO Bill McGill told investors and…more
MarineMax stock rose 9.3 percent Tuesday as the company announced it had turned its first fourth-quarter profit before an unusual item since 2007, emerging as a “top pick” and leading a B. Riley & Co. analyst to raise his price target for the company’s shares from $16.25 to $20. Jimmy Baker, who upgraded the company’s…more
Revenue rose 9 percent for MarineMax last quarter as the company achieved its first profitable fourth quarter before reporting an unusual item since 2007. Revenue increased to $149.7 million for the quarter that ended Sept. 30 from $137.3 million for the comparable quarter last year. Net income for the quarter was $5.2 million, or 21…more
With new boats from such brands as Sea Ray, Boston Whaler, Scarab, Azimut and Hatteras that range from 19 to 100 feet, MarineMax is charging forward to build on the steady improvement it has seen during the last year.