--- title: "Marinemax | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 611.26 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293612326.md" datetime: "2026-07-23T12:02:10.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293612326.md) - [en](https://longbridge.com/en/news/293612326.md) - [zh-HK](https://longbridge.com/zh-HK/news/293612326.md) generator: "portal-rs" --- # Marinemax | 8-K: FY2026 Q3 Revenue Misses Estimate at USD 611.26 M 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. 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