Overview

* MarineMax ( HZO ) Q4 revenue of $552.2 mln beats analyst expectations

* Adjusted loss per share smaller than expected, despite industry challenges

* Company's gross margin expands to 34.7%, driven by diversified portfolio

Outlook

* MarineMax ( HZO ) expects fiscal 2026 Adjusted EBITDA between $110 mln and $125 mln

* Company projects fiscal 2026 adjusted net income per share between $0.40 and $0.95

Result Drivers

* HIGHER-MARGIN BUSINESSES - Strategic expansion into higher-margin areas like finance, insurance, parts, services, and marina operations supported gross margin growth

* USED BOAT REVENUE - Growth in used boat sales and related services drove same-store sales increase

* FORT LAUDERDALE BOAT SHOW - Strong performance at the boat show set post-COVID record unit sales and revenue gains

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Beat $552.15 $532.77

Revenue mln mln (9

Analysts

)

Q4 Beat -$0.04 -$0.13

Adjusted (9

EPS Analysts

)

Q4 Beat -$900,00 -$2.20

Adjusted 0 mln (3

Net Analysts

Income )

Q4 Net -$85,000

Income

Q4 Gross $191.44

Profit mln

Q4 $13.84

Income mln

from

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the recreational products peer group is "buy"

* Wall Street's median 12-month price target for MarineMax Inc ( HZO ) is $34.00, about 30.9% above its November 12 closing price of $23.48

* The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)