MarineMax stock soared 17.30% after beating street expectations and reporting increased revenue

From Yahoo Finance: 2025-04-24 17:34:00

MarineMax, Inc. (NYSE:HZO) saw a significant increase in stock price after reporting second-quarter results. The company beat street expectations with adjusted earnings per share of 23 cents and quarterly sales of $631.51 million, up 8.3% year over year.

The top-line growth was driven by an increase in boat sales, leading to an 11% revenue increase on a comparable same-store basis. Gross profit decreased slightly, but adjusted EBITDA for the quarter rose to $30.9 million from $29.6 million last year.

MarineMax ended the quarter with over $200 million in cash and cash equivalents, with plans to reduce long-term debt. The company expects adjusted net income for fiscal year 2025 to be between $1.40 to $2.40 per diluted share.

Despite the positive results, MarineMax CEO Brett McGill noted a slowdown in new sales since April, possibly due to consumer concerns about the economic impacts of tariffs. HZO shares closed 17.30% higher at $22.67 on Thursday.

Read more: Why Did MarineMax Stock Soar On Thursday