MarineMax saw reduced margins in the June quarter because the company “largely didn’t have the new models to sell,” according to CFO Mike McLamb. However, the company was able to realize one of its best unit growth quarters since before the recession with encouraging gains in sterndrive sales.
MarineMax, based in Clearwater, Fla., is the nation’s largest recreational boat retailer and the largest Sea Ray dealer in the world.
MarineMax said today that its revenue grew about 22 percent, or $39 million, to $214.4 million in its third quarter and same-store sales grew 22 percent on top of 16 percent growth in the quarter last year.
MarineMax will hold a conference call at 10 a.m. (EDT) Thursday to review its fiscal third-quarter results.
MarineMax is partnering with Boston Whaler to be a major sponsor of the Drambuie Key West Marlin Tournament, which will be held July 16-19.
Earlier this month, the fishing team at MarineMax Lindenhurst (N.J.) trekked 100 miles offshore to Hudson Canyon to give Marine Sgt. Adam Keeton a special day of fishing.
MarineMax Daytona said the company and the New Smyrna Beach (Fla.) Billfish Invitational teamed up to award $1,000 scholarships to two seniors at New Smyrna Beach High School.
An analysis firm is raising its guidance of MarineMax after holding “bullish” management meetings with CEO Bill McGill and chief financial officer Mike McLamb that indicated an increase in retail lending and higher-than-expected margins would contribute positively to the company’s bottom line.
MarineMax Brick (N.J.) said the MarineMax Fishing Team will be a sponsor of the Warriors for Warriors Charity Shark Tournament.
MarineMax Vacations will integrate The Boat Village into its charter ownership and charter vacation management in the British Virgin Islands.
Raymarine has been named the official marine electronics of the MarineMax Saltwater Series. The Saltwater Series is presented by Boston Whaler and consists of 30 local tournaments that many of MarineMax’s 54 stores sponsor or participate in during the tournament season. The tournaments often benefit local charities and causes. “Raymarine’s specialization in marine electronics means…more