The earnings call reflects a challenging quarter affected by environmental disruptions and a softer retail environment. However, the focus on high-margin businesses and strategic brand expansions provide optimism for future performance.

Company Guidance

During the MarineMax, Inc. earnings call for the first quarter of fiscal 2025, the company provided a comprehensive overview of their performance metrics amidst challenging market conditions. Despite a nearly $60 million decline in revenue, primarily due to hurricanes and a softer retail environment, MarineMax maintained a robust gross margin of over 36%, driven by their strategic focus on higher-margin businesses such as Marinas, super yacht services, and brokerage services. Same-store sales decreased by 11%, largely impacted by weak sales in Florida. However, the company reported consistent adjusted EBITDA of $26.1 million, reflecting strong expense management and diversification strategy. Cash and cash equivalents stood at $145 million, with a debt to EBITDA ratio of just over 1.6x, underscoring their ongoing financial strength. For fiscal 2025, MarineMax expects adjusted EBITDA between $150 million and $180 million, with adjusted net income ranging from $1.80 to $2.80 per diluted share, and consolidated gross margins in the low 30% range. Despite the headwinds, the company remains cautiously optimistic about improved sales in the latter half of the year, with January revenue showing an uptick compared to the prior year.

Strong Gross Margin Performance

Gross margin exceeded 36% in the quarter, driven by higher-margin businesses such as Marinas, Super Yacht services, finance, and insurance. This performance was notable despite a challenging retail environment.

Expansion of Cruiser Yachts Brand

MarineMax expanded its Cruiser Yachts brand across all stores in key regions in the Southern U.S., including Texas and West Florida, enhancing its product offerings.

Growth in Higher-Margin Businesses

Non-boat revenue and higher-margin streams have grown significantly since 2019, contributing to sustainable profit margins.

Positive January Revenue Outlook

January revenue is anticipated to be up year-over-year, indicating a potential positive trend as the quarter progresses.

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Marinemax (HZO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HZO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q3)	- / 0.79	0.57	38.60% (+0.22)	―	―
Oct 30, 2018	2018 (Q4)	- / 0.45	0.22	104.55% (+0.23)	―	―
Jan 23, 2019	2019 (Q1)	- / 0.21	0.23	-8.70% (-0.02)	―	―
Apr 25, 2019	2019 (Q2)	- / 0.23	0.27	-14.81% (-0.04)	―	―
Jul 25, 2019	2019 (Q3)	- / 0.84	0.79	6.33% (+0.05)	―	―
Oct 29, 2019	2019 (Q4)	- / 0.38	0.45	-15.56% (-0.07)	―	―
Jan 23, 2020	2020 (Q1)	- / 0.41	0.21	95.24% (+0.20)	―	―
Apr 23, 2020	2020 (Q2)	- / 0.23	0.23	0.00% (0.00)	―	―
Jul 23, 2020	2020 (Q3)	- / 1.58	0.84	88.10% (+0.74)	―	―
Oct 28, 2020	2020 (Q4)	- / 1.19	0.38	213.16% (+0.81)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HZO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 23, 2025	$27.94	$32.37	+15.86%
Oct 31, 2024	$30.04	$29.13	-3.03%
Jul 25, 2024	$31.66	$37.10	+17.18%
Apr 25, 2024	$27.18	$25.60	-5.81%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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