MarineMax

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

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

Brunswick sales are bulk of MarineMax revenue

In its annual report filed with the Securities and Exchange Commission, MarineMax noted that, for fiscal 2009, approximately 51 percent of its revenue was from the sale of new boats made by Brunswick. “We believe our sales represented approximately 6 percent of all Brunswick marine sales, including approximately 31 percent of its Sea Ray boat…more

MarineMax reports 4Q results

MarineMax saw a 25 percent increase in revenue and a same-store sales increase of about 41 percent for the fourth quarter ending Sept. 30, but it reported a net loss of $33 million for the period. The company’s same-store sales increase was the first reported in more than two years, chairman, president and CEO William…more

Analyst upgrades MarineMax stock

MarineMax stock was upgraded to buy from hold by Rochdale Securities. “Cost-cutting, together with a stabilizing marine market, should enable [MarineMax] to march toward profitability in FY 2010,” senior equity research analyst Hayley Wolff wrote in her report. “This compares with a consensus that is calling for a dramatic loss.” While discounting to move non-current…more

MarineMax to close more stores

MarineMax continues to close stores in response to economic conditions and expects to have around 55 locations by October, president and CEO William McGill said in an e-mail to Soundings Trade Only. “With a market for new sales going from over 300,000 new units per year to estimates of around 130,000 this calendar year, it…more

MarineMax closes sale of common stock shares

MarineMax issued 390,000 shares of common stock at a price of $7 per share, for total gross proceeds of about $2.7 million. The issuance is a result of the full exercise of the over-allotment option to purchase additional shares granted to the underwriter in MarineMax’s public offering of 2.6 million shares of common stock announced…more

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