Yacht retailer MarineMax's Q3 revenue misses estimates

MarineMax

24/07/2025 11:56

Overview

MarineMax Q3 revenue falls 13.3% yr/yr, missing analyst expectations, per LSEG data

Adjusted net income for Q3 misses estimates

Company revises fiscal 2025 guidance downward amid ongoing economic uncertainty

Outlook

MarineMax revises fiscal 2025 adjusted net income to $0.45-$0.95 per share

Company expects fiscal 2025 adjusted EBITDA of $105 mln to $120 mln

MarineMax sees gradual market improvement in late 2025

Company cites economic uncertainty affecting near-term outlook

Result Drivers

ECONOMIC UNCERTAINTY - CEO attributes weak retail demand to ongoing economic uncertainty and geopolitical tensions

DIVERSIFICATION - Co's diversification into higher-margin areas like marinas and superyacht services helped offset pressures on new boat margins

INVENTORY LEVELS - Elevated industry inventory levels due to softer sales, with expected improvement later in the year

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$657.16 mln
$743.40 mln (8 Analysts)
Q3 Adjusted Net Income
Miss
$11 mln
$27.30 mln (4 Analysts)
Q3 Net Income
-$51.97 mln
Q3 Gross Profit
$199.62 mln
Q3 Income from Operations
-$41.54 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "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 is $36.00, about 24.1% above its July 23 closing price of $27.32

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBwblbF21a

(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.)