MarineMax matches EPS expectations but misses on revenue

Fiona Craig

Thu, April 23, 2026 astatine 7:34 AM CDT 2 min read

MarineMax Inc. (NYSE:HZO) reported second-quarter results connected Thursday that met nett forecasts but came successful beneath gross expectations, arsenic the institution continued to look unit from a brushed boating market.

Shares of the recreational vessel retailer roseate 1.64% successful after-hours trading, reflecting a comparatively muted capitalist absorption to the mixed performance.

The institution posted adjusted net per stock of $0.04, successful enactment with expert estimates. However, gross totaled $527.4 million, missing the statement forecast of $610.11 million.

Sales fell 16% from $631.5 cardinal successful the aforesaid 4th past year, mostly owed to weaker vessel income successful a challenging retail environment. Same-store income dropped 15%, compared with an 11% summation a twelvemonth earlier.

Despite the gross decline, MarineMax reported a notable enlargement successful profitability, with gross borderline expanding by 440 ground points to 34.4%, up from 30% past year.

The betterment was driven by stronger contributions from higher-margin segments, including concern and security services, superyacht operations, and marina-related businesses.

The institution posted a nett nonaccomplishment of $2.6 million, oregon -$0.12 per share, compared with nett income of $3.3 million, oregon $0.14 per share, successful the prior-year period.

“Our fiscal 2nd 4th results reflected ongoing manufacture headwinds successful the retail situation for caller and utilized vessel sales; however, our higher-margin businesses erstwhile again provided important balance, stableness and growth,” said Brett McGill.

MarineMax maintained its fiscal 2026 guidance, projecting adjusted net per stock betwixt $0.40 and $0.95. The midpoint of $0.68 sits beneath the expert statement of $0.74.

The institution besides expects adjusted EBITDA successful the scope of $110 cardinal to $125 million.

Inventories decreased by $128 cardinal year-on-year to $845.4 million, portion currency and currency equivalents stood astatine $189.1 cardinal astatine the extremity of the quarter.

MarineMax banal price