MarineMax

MarineMax, based in Clearwater, Fla., is the nation’s largest recreational boat retailer and the largest Sea Ray dealer in the world.

MarineMax reports 1Q results

MarineMax today reported a decrease in revenue and same-store sales for its fiscal first quarter, but company officials said new units sold were up 25 percent, compared with the same period last year, and margins were increased. Much of the revenue decline, they said, was based on fewer used boats sold – a consequence of…more

MarineMax schedules fiscal 1Q report

MarineMax will release its fiscal first-quarter earnings report Feb. 3 before the market opens, the company announced. The retailer will hold a conference call that day at 10 a.m. (EST) to review the results. To access the call, please visit the investor relations section of the company’s website. An online replay will be available for…more

MarineMax reports 4Q, year-end results

MarineMax today reported a drop in revenue and same-store sales for its fourth quarter. The company also reported lower revenue for its fiscal year, but ended the year with a net profit. Revenue was $124.4 million for the quarter that ended Sept. 30, compared with $207.2 million for the comparable quarter last year. Same-store sales…more

MarineMax schedules 4Q results

MarineMax, the nation’s largest recreational boat retailer, said Thursday that it will hold a conference call to review its fourth-quarter and fiscal 2010 results at 10 a.m. EDT Nov. 4. Access to the call will be available by visiting the investor relations section of the company website. An online replay will be available for a…more

MarineMax secures more inventory financing

MarineMax announced today that it expanded its relationship with CGI Finance by securing a new $30 million inventory financing facility. Previously, MarineMax’s relationship with CGI was focused on retail financing of boats. The new facility provides for as much as $30 million of floorplan financing, in addition to the $100 million inventory financing facility the…more

MarineMax buys service facility in Ohio

MarineMax today announced it expanded its storage and service capabilities in Ohio with the acquisition of a large, heated storage and yacht service facility. The terms of the purchase price were not disclosed. The marina and service facility, known as The Yacht Center, is in West Harbor, with deep-water access to Lake Erie and the…more

MarineMax reports 3Q results

MarineMax today reported a decline in revenue for its third fiscal quarter, but the retailer swung from a net loss a year earlier to a profit in this year’s quarter. Revenue was $115.4 million for the quarter that ended June 30, compared with $151.5 million for the comparable quarter last year. Same-store sales declined approximately…more

MarineMax schedules 3Q earnings report

MarineMax will hold a conference call at 10 a.m. (EDT) Thursday, July 29, to review its third-quarter 2010 financial results. To access the call, visit the investor relations section of the company’s website. The online replay will be available for a limited time beginning within one hour of the conclusion of the call. The company…more

MarineMax secures new floorplan financing deal

MarineMax announced today it secured a new $100 million financing facility with GE Capital, replacing its previous financing facility. The new facility provides for up to $100 million of floorplan financing, which can be increased to $150 million if approved by the lender. The facility has a three-year term, but includes two one-year options to…more

Analyst: MarineMax results good sign for Brunswick dealers

MarineMax’s reporting today of a 5 percent decline in comparable store sales, and its statement that its inventory correction is complete, “further confirms that inventory issues among Brunswick Corp.’s dealers are past,” said Tim Conder, from Walls Fargo Securities. The report was made in advance of Brunswick’s first-quarter earnings, set for release Thursday. MarineMax is…more

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