MarineMax Shareholders’ Stockings are Likely to be Empty this Holiday Season per Island Capital Group
MarineMax, Inc. (FL) (HZO)
Last marinemax, inc. (fl) earnings: 4/23 06:45 am
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US:NYSE Investor Relations:
investor.marinemax.com/overview/default.aspx
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Today, Island Capital Group released a fourth letter to shareholders of MarineMax (NYSE: HZO) outlining several key areas where the company is falling short. The full text of the letter follows:December 4, 2024Dear MarineMax Shareholders,I am dismayed to report that following MarineMax, Inc.’s (NYSE: HZO) (“MarineMax” or the “Company”) 2024 fiscal year-end conference call held on Halloween, shareholders were rewarded with more tricks than treats. The fiscal 2024 results and 2025 guidance presented by management during its conference call were beyond disappointing. On October 26, 2023, management provided fiscal 2024 Adjusted EBITDA guidance at a midpoint of $238 million but ultimately delivered a mere $160 million. This is a 33% miss compared to the Company’s initial guidance. MarineMax provided fiscal 2025 Adjusted EBITDA guidance in the range of $150 million to $180 million. At the midpoint of $165 million, this amounts to a paltry 3% improvement over
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HZO
News
- MarineMax, Inc. (NYSE: HZO) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- Levin Capital Calls for MarineMax to Initiate Immediate Review of Strategic Alternatives [Yahoo! Finance]Yahoo! Finance
- Levin Capital Calls for MarineMax to Initiate Immediate Review of Strategic AlternativesBusiness Wire
- MarineMax, Inc. (NYSE: HZO) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- MarineMax Shareholders' Stockings are Likely to be Empty this Holiday Season per Island Capital Group [Yahoo! Finance]Yahoo! Finance
HZO
Earnings
- 10/31/24 - Beat
HZO
Sec Filings
- 12/5/24 - Form 4
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- HZO's page on the SEC website