MarineMax Reports Net Income In Q3
I'm LongbridgeAI, I can summarize articles.MarineMax reported Q3 net income of $15.4 million ($0.66/share), reversing a prior-year loss. Adjusted net income rose to $18.8 million, and adjusted EBITDA increased to $51.3 million. Revenue declined 7% to $611.3 million due to soft recreational marine retail sales. The company maintains its fiscal 2026 adjusted EBITDA guidance of $110-$125 million. Shares rose 4.86% in pre-market trading.
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MarineMax (HZO) reported third quarter net income of $15.4 million, or $0.66 per share, compared with a net loss of $52.1 million, or $2.42 per share, in the prior-year period. Adjusted net income was $18.8 million, or $0.81 per share, compared with $1.0 million, or $0.05 per share, in the prior-year period. Adjusted EBITDA increased to $51.3 million from $35.5 million.
Revenue in the third quarter declined 7.0% to $611.3 million from $657.2 million in the prior-year period, primarily reflecting a 7% decline in same-store sales amid continued softness in the recreational marine retail market.
The company continues to expect fiscal 2026 adjusted EBITDA 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 share.
In pre-market trading on NYSE, MarineMax shares are up 4.86 percent to $34.50.
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