Why did MarineMax (NYSE:HZO) revenue decline?

MarineMax (NYSE:HZO) said revenue declined because same-store sales fell 7% amid continued softness in recreational marine retail. Fiscal third-quarter revenue decreased from $657.2 million to $611.3 million.

What were MarineMax’s (NYSE:HZO) fiscal Q3 earnings?

MarineMax (NYSE:HZO) reported net income of $15.4 million and diluted EPS of $0.66. Adjusted net income reached $18.8 million, adjusted EPS was $0.81 and adjusted EBITDA totaled $51.3 million.

How did MarineMax’s (NYSE:HZO) gross margin improve?

MarineMax (NYSE:HZO) increased gross margin by 530 basis points to 35.7% through improved boat margins and growth in higher-margin businesses. A tariff refund contributed approximately 110 basis points to the quarterly margin.

What did MarineMax (NYSE:HZO) do with its debt facilities?

MarineMax (NYSE:HZO) refinanced $1.49 billion of senior secured credit facilities, extending maturities to 2031. The company said the refinancing expanded its revolving facility, reduced borrowing costs and increased financial flexibility.

What is MarineMax’s (NYSE:HZO) fiscal 2026 outlook?

MarineMax (NYSE:HZO) continues to expect adjusted EBITDA of $110 million–$125 million and adjusted EPS of $0.40–$0.95. The company said the forecast excludes major acquisitions, tariff changes and other unforeseen developments.

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MarineMax revenue falls 7% to $611 million

Written by Brie CarterPublished Jul 23, 2026, 12:11 PM

MarineMax reported fiscal third-quarter revenue of $611.3 million, down 7%, as same-store sales also declined 7%.
MarineMax shares were down about 1% at $32.92 in premarket trading following the results.
The company reaffirmed its fiscal 2026 adjusted EBITDA and earnings outlook after gross margin expanded to 35.7%.

MarineMax (NYSE:HZO) reported fiscal third-quarter revenue of $611.3 million, down 7%, despite higher gross profit and wider margins.

Revenue declined from $657.2 million, while adjusted EPS increased to $0.81 from $0.05 and adjusted EBITDA reached $51.3 million.

Gross margin expanded 530 basis points to 35.7%, inventories fell $118 million and MarineMax refinanced $1.49 billion of secured credit facilities.

Following the announcement, MarineMax's share price was down 1% at $32.92 in premarket trading.

MarineMax said stronger boat margins and growth in marinas, superyacht services, insurance and parts offset weaker recreational-boat demand.

Looking ahead, MarineMax maintained fiscal 2026 guidance for adjusted EBITDA of $110 million–$125 million and adjusted EPS of $0.40–$0.95.

MarineMax revenue falls 7% to $611 million

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