MarineMax Posts 13% Revenue Drop in Q3
MarineMax (NYSE:HZO), the leading U.S. retailer of recreational boats and a global marina owner, reported a challenging quarter with results that fell well short of expectations. On July 24, 2025, it published results for its fiscal third quarter, reporting Non-GAAP earnings per share of $0.49, EPS (Non-GAAP) of $0.49 missed analysts' estimates of $1.17. Revenue was $657.2 million, noticeably lower than the $738.2 million analysts expected (GAAP) and down from $757.7 million in the prior year period. The quarter was defined by weaker boat sales, margin compression, and a significant goodwill impairment in the manufacturing segment. Looking at the overall quarter, MarineMax faced considerable headwinds in its core retail operations, despite growth efforts in higher-margin areas like marinas and superyacht services.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report.
MarineMax specializes in the sale and service of new and used recreational boats, with a portfolio that includes exclusive access to premium brands such as Sea Ray, Boston Whaler, and Azimut. Alongside its boat retail operations, it also manages marinas, superyacht charter services, and offers boat finance and insurance, giving the company a diverse range of revenue streams.
Source Fool.com
