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Stock impact report

MarineMax Shareholders' Stockings are Likely to be Empty this Holiday Season per Island Capital Group [Yahoo! Finance]

MarineMax, Inc. (FL) (HZO) 
Last marinemax, inc. (fl) earnings: 4/23 06:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
The full text of the letter follows: December 4, 2024 Dear 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 fiscal 2024 results, which is especially disappointing in light of the assumed full year benefit of cost-cutting initiatives announced in 2024. As you know, the IGY transaction w Show less Read more
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