MarineMax yesterday announced the results of its fiscal 2026 second quarter, ended March 31.
Quarterly revenue was $527.4 million, down 15.4% from $631.5 million year-over-year, due primarily to decreases in new- and used-boat sales and partially offset by continued growth in higher-margin businesses. Gross profit totaled $181.3 million, compared with $189.5 million in the prior-year period. Gross margin increased 4.4% to 34.4%, driven by growth in the company’s higher-margin businesses. Income from operations slid to $10.8 million from $22.7 million in the year-ago period.
“Our fiscal second quarter results reflected ongoing industry headwinds in the retail environment for new and used boat sales; however, our higher‑margin businesses once again provided important balance, stability and growth, helping to offset much of the pressure caused by the decline in boat revenue,” CEO and president Brett McGill said in a statement. “Contributions from areas of the business that we have strategically expanded, including finance and insurance, superyacht services, marinas, and parts and service, continue to perform well and support our margin profile, underscoring the benefits of our diversified business model.”
MarineMax reaffirmed its guidance for the rest of its fiscal year, with adjusted EBITDA expected to be in the range of $110 million to $125 million and adjusted net income in the range of $0.40 to $0.95 per diluted share. The company said the “projections exclude the potential impact of material acquisitions or other unforeseen developments, including changes in tariffs, international hostilities and broader macroeconomic conditions.”
“Our balance sheet remains very strong, supported by disciplined inventory management, reduced floorplan financing and ample liquidity,” McGill added. “As we enter the summer selling season, we are seeing increased demand across both digital and retail channels supporting a cautiously optimistic outlook.”
