MarineMax officials blamed bad weather for a drop in second-quarter revenue and profits and a same-store sales decline, but the boat retailer predicted that sales have only been delayed until later in 2014, rather than lost.
MarineMax, based in Clearwater, Fla., is the nation’s largest recreational boat retailer and the largest Sea Ray dealer in the world.
MarineMax will hold a conference call to release its second-quarter earnings results at 10 a.m. EST on April 24.
MarineMax expanded its lineup with the addition of Ocean Alexander yachts in all locations from Texas east.
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 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