MarineMax sees FY24 adjusted EBITDA at or near low end of guidance

MarineMax provided a preliminary update on Hurricane Helene. “Our foremost concern is for the safety and well-being of our team members, their families and the residents of the communities throughout the regions affected by this devastating storm,” said Brett McGill, Chief Executive Officer and President of MarineMax. “Florida and the Southeast are two of MarineMax’s largest markets. Damage and disruption to certain of our locations on the west coast of Florida has been significant, while the damage to other locations in the Southeast has been limited. We are working to fully assess the impact of the storm on our operations and ensure that affected locations are up and running as quickly as possible.” The Company is working diligently to quantify the effects of Hurricane Helene on its financial results and operations, including the loss of physical assets and impact to revenue which was adversely affected by the closure of boat and yacht insurance markets as the storm approached. Based on the information the Company has as of today, it expects to be at or near the low end of its Adjusted EBITDA guidance range for the fiscal year ended September 30, 2024, while revenue is expected to be modestly lower than anticipated due to the impact from the storm. MarineMax plans to provide a further update on its fiscal 2024 fourth-quarter and full-year earnings call.