MarineMax

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

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

MarineMax reports 2Q results

MarineMax today reported a slight decrease in revenue for the second quarter ending March 31, but a smaller decline in same-store sales than was reported in the same period last year. Revenue was $110.1 million for the quarter, compared with $129.6 million for the comparable quarter last year. Same-store sales declined approximately 5 percent compared…more

MarineMax 2Q earnings set for Wednesday

MarineMax will hold a webcast and conference call Wednesday to discuss its second-quarter results. The conference call will begin at 10 .a.m. EDT. To access the call, visit the investor relations section here. The online replay will be available for a limited time beginning within one hour of the conclusion of the call. MarineMax will…more

MarineMax reports 1Q results

MarineMax reported an improved financial picture in the first quarter, which ended Dec. 31, 2009, with a slight increase in revenue and an uptick in same-store sales. Also reported was improved cash flow, less need for an aggressive pricing strategy and gross margins that have “rebounded dramatically from the levels we had been experiencing,” chairman,…more

MarineMax to release 1Q results next week

MarineMax will hold a conference call to review its first-quarter fiscal 2010 results at 10 a.m.(EST) Tuesday. To access the call, visit the investor relations section of the company’s Web site. The online replay will be available for a limited time beginning within one hour of the conclusion of the call. MarineMax will release the…more

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