MarineMax reported fiscal fourth-quarter revenue of $552.2 million, compared with $563.1 million in the prior-year period. Same-store sales were up 2.3% despite what the company called a challenging retail environment.
Gross margins improved to 34.7%, driven by increased contributions from higher-margin businesses across its portfolio. MarineMax reported net loss of $0.9 million for the quarter and $31.6 million for the fiscal year.
CEO and president Brett McGill said in a statement that the results showed the “resilience of our diversified business model,” noting that while new-boat sales and pricing remained under pressure, service, finance, insurance and the superyacht division helped offset softer retail trends.
“Our continued strategic expansion into higher-margin businesses is driving long-term value creation,” McGill said, at a time when “many dealers in our industry faced margin compression.”
The company cited its strong showing at the Fort Lauderdale show, where it reported record unit sales and higher revenue than a year ago.
“While it’s too early to say that the demand headwinds caused by heightened economic uncertainty have subsided, the level of consumer engagement was very encouraging,” he said.
MarineMax is projecting adjusted EBITDA from $110 million to $125 million for fiscal 2026. “Although our fiscal 2026 outlook reflects a prudent approach in light of macroeconomic uncertainty and persistent industry headwinds, we remain confident in MarineMax’s long-term strategy and growth priorities,” McGill said.
