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 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.
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.
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