MarineMax Q4 revenue misses estimates on lower boat sales
HZO•MarineMax reported fiscal fourth-quarter revenue of $520.14 million, below the $541.32 million estimate, and adjusted EPS of negative $0.08, below the $0.04 estimate. Lower boat sales drove the revenue decline, partly offset by growth in marinas and parts and service.
1. Quarterly results
MarineMax reported fiscal fourth-quarter revenue of $520.14 million, compared with analyst expectations of $541.32 million. Adjusted EPS was negative $0.08, versus an estimate of $0.04, and the company reported a net loss of $13.0 million.
2. Revenue and costs
The revenue decline was mainly due to lower boat sales, partly offset by growth in marinas and parts and service. Gross margin expanded with improved boat profitability and a greater contribution from higher-margin businesses. Selling, general and administrative expenses rose mainly due to costs related to the pending acquisition by Safe Harbor.
3. Outlook and acquisition
MarineMax does not intend to provide financial guidance for fiscal 2027 because of the pending acquisition by Safe Harbor, which is expected to close by the end of calendar year 2026.
