I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q3, the actual value is USD 611.26 M, missing the estimate of USD 682.33 M.
EPS: As of FY2026 Q3, the actual value is USD 0.66, missing the estimate of USD 0.785.
EBIT: As of FY2026 Q3, the actual value is USD 37.22 M.
Fiscal 2026 Third Quarter Summary (Three Months Ended June 30, 2026 vs. 2025)
Revenue
MarineMax, Inc. reported total revenue of $611.3 million for the fiscal 2026 third quarter, a 7.0% decline from $657.2 million in the prior-year period, primarily due to a 7% decrease in same-store sales. This decline was partially offset by growth in higher-margin businesses such as superyacht services, marinas, and parts and service . Retail Operations Revenue: $609,120 thousand for the three months ended June 30, 2026, compared to $655,750 thousand in the prior-year period . Product Manufacturing Revenue: $33,265 thousand for the three months ended June 30, 2026, up from $32,150 thousand in the prior-year period .
Gross Profit and Margin
Gross profit increased by 9.2% to $218.1 million from $199.6 million in the prior-year period. Gross margin expanded by 530 basis points to 35.7% from 30.4%, driven by improved new and used boat margins, a favorable business mix, and continued growth in higher-margin businesses. The gross margin also benefited by approximately 110 basis points from a tariff refund .
Operating Expenses
Selling, general, and administrative (SG&A) expenses totaled $180.9 million, or 29.6% of revenue, in fiscal 2026 Q3, compared to $172.1 million, or 26.2% of revenue, in the comparable prior-year period. Interest expense declined to $14.3 million, or 2.3% of revenue, from $16.9 million, or 2.6% of revenue, in the prior-year period, reflecting lower inventory levels and reduced borrowing costs .
Net Income and Adjusted EBITDA
Net income for the fiscal 2026 third quarter was $15.4 million, or $0.66 per diluted share, a significant improvement from a net loss of - $52.1 million, or - $2.42 per share, in the prior-year period. The prior-year period included a non-cash goodwill impairment charge of $69.1 million. Adjusted net income was $18.8 million, or $0.81 per diluted share, compared to $1.0 million, or $0.05 per diluted share, in the prior-year period. Adjusted EBITDA increased to $51.3 million from $35.5 million in the prior-year period .
Income from Operations by Segment
- Retail Operations Income from operations: $37,166 thousand for the three months ended June 30, 2026, compared to $28,079 thousand in the prior-year period .
- Product Manufacturing Income from operations: - $554 thousand for the three months ended June 30, 2026, a substantial improvement from - $72,363 thousand in the prior-year period, which included a $69.1 million goodwill impairment charge .
Fiscal 2026 Nine Months Ended June 30, 2026 vs. 2025
Revenue
Total revenue was $1,643,848 thousand for the nine months ended June 30, 2026, down from $1,757,135 thousand in the prior-year period . Retail Operations Revenue: $1,638,865 thousand for the nine months ended June 30, 2026, compared to $1,750,439 thousand in the prior-year period . Product Manufacturing Revenue: $78,592 thousand for the nine months ended June 30, 2026, down from $105,591 thousand in the prior-year period .
Gross Profit
Gross profit was $559,834 thousand for the nine months ended June 30, 2026, slightly up from $558,786 thousand in the prior-year period .
Operating Expenses
SG&A expenses were $506,857 thousand for the nine months ended June 30, 2026, compared to $469,558 thousand in the prior-year period. Interest expense was $44,825 thousand, down from $53,860 thousand in the prior-year period .
Net Income and Adjusted EBITDA
Net income attributable to MarineMax, Inc. was $4,837 thousand for the nine months ended June 30, 2026, compared to a net loss of - $30,780 thousand in the prior-year period. Adjusted EBITDA was $90,769 thousand, compared to $92,518 thousand in the prior-year period .
Income from Operations by Segment
- Retail Operations Income from operations: $56,735 thousand for the nine months ended June 30, 2026, compared to $90,271 thousand in the prior-year period .
- Product Manufacturing Income from operations: - $11,753 thousand for the nine months ended June 30, 2026, compared to - $75,570 thousand in the prior-year period .
Balance Sheet Highlights (as of June 30, 2026 vs. June 30, 2025)
Cash and Inventories
Cash and cash equivalents totaled $174.8 million as of June 30, 2026, up from $151.0 million at the end of the prior-year period. Inventories declined by $118 million year-over-year, to $788.6 million from $906.2 million in the prior-year period, reflecting a continued focus on inventory management .
Fiscal 2026 Guidance
MarineMax, Inc. reaffirms its fiscal 2026 guidance, expecting Adjusted EBITDA to be in the range of $110 million to $125 million. The company also projects adjusted net income in the range of $0.40 to $0.95 per diluted share. These projections do not account for potential material acquisitions or other unforeseen developments .