MarineMax FY26 Q3 swings to net income of $15.4 million; revenue falls 7% to $611.3 million
HZO•Financing update and outlook
MarineMax refinanced $1.49 billion in senior secured credit facilities, extending maturities to 2031 and lowering borrowing costs.
The company maintained guidance for adjusted EBITDA of $110 million to $125 million.
Fiscal third-quarter results
MarineMax posted fiscal 2026 third-quarter net income of $15.4 million, or $0.66 per diluted share, swinging from a loss.
Revenue fell 7% to $611.3 million as same-store sales dropped 7% amid continued softness in marine retail demand.
Gross margin widened 5.3 percentage points to 35.7%, helped by improved boat margins and growth in higher-margin businesses; results also included a tariff refund benefit.
Adjusted EBITDA rose to $51.3 million from $35.5 million.
