MarineMax, Inc. (HZO), a recreational boat and yacht retailer, Thursday reported higher profit for the second quarter primarily helped by increase in boat sales. Earnings as well as revenue beat the Street expectations.
However, the company has slashed its full-year profit outlook citing uncertainty surrounding global tariff increase and shifts in retail trends.
Net income was $3.3 million, or $0.14 per share for the second quarter, higher than $1.6 million, or $0.07 per share, in the same period last year.
Excluding one-time items, adjusted earnings were $5.4 million, or $0.23 per share, better than the analysts' average estimate of $0.19 per share. Analysts' estimates typically exclude special items.
Revenue for quarter increased 8.3% to $631.5 million from $582.9 million in the comparable period last year. The consensus estimate as for $578.77 million. On a comparable same-store basis, revenue increased 11%.
For fiscal 2025, the company has lowered its adjusted EPS outlook to $1.40 - $2.40 from $1.80 - $2.80. Analysts expect EPS of $2.28 for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.