MarineMax’s Post

CLEARWATER, FL (August 15, 2024) – MarineMax Yachts proudly announced the sale of two Azimut 38 Metri Tridecks by Janaina Pina of MarineMax Yacht Center. The initial sale originated from the 2021 Fort Lauderdale International Boat Show, where the client was immediately captivated by the luxurious design and extensive customization options of Azimut Yachts. After placing a deposit on the spot, they embarked on a 33-month journey to craft a yacht tailored precisely to their specifications. Featuring over 1,000 custom elements, this yacht has been recognized as "the most customized yacht Azimut has ever built," according to Federico Ferrante, President of Azimut America. Transitioning from a Ferretti 920, the clients sought to create their dream "home on the water." Their new yacht was delivered in Europe, and a memorable christening ceremony in Viareggio, Italy, marked it. It will explore European waters for the next two summers before returning to Fort Lauderdale. Read full article: https://lnkd.in/eEUfVtF4

Bertram Yachts, renowned for crafting world-class sportfishing boats since the 1960s, expands its legacy with the launch of the Bertram Yachts 34CC. Meticulously designed for anglers, their families, and friends, this latest addition embodies the same durability and build quality synonymous with Bertram's larger vessels. We invite you to the world debut of the Bertram Yachts 34CC at MarineMax Clearwater! From 6:30 p.m. to 8:30 p.m., revel in the beauty of the Bertram Yachts brand showcased—the 28CC, 28XC, 39CC, and newly released 34CC—for its first showcase! Enjoy live music, light bites, and an open bar, take a first-hand look at the amazing Bertram inventory, and learn from our expert team.

MarineMax Reports Fiscal 2024 Third Quarter Results CLEARWATER, Fla.--(BUSINESS WIRE)-- MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat, yacht and superyacht services company, today announced results for its fiscal 2024 third quarter ended June 30, 2024. Fiscal 2024 Third Quarter Summary: June quarter revenue of $757.7 million Same-store sales increase of 4% Gross profit margin of 32.0% Net income of $31.6 million, or diluted EPS of $1.37; Adjusted diluted EPS1 of $1.51 Adjusted EBITDA1 of $70.4 million CEO & President Commentary “Despite persistent retail headwinds in the third quarter, our team executed well, delivering 5% top-line growth,” stated Chief Executive Officer and President Brett McGill. “Our solid third-quarter performance in this challenging operating environment underscores the importance of our value-creation strategy, which focuses on expanding our high-margin, less cyclical revenue streams. This strategic expansion, encompassing marinas, superyacht services, and other offerings, has strengthened our gross margin profile—now consistently exceeding 30%—and enhanced our cash flow generation and balance sheet resilience. These improvements come at a crucial time, as macroeconomic softness weighs on retail boat margins industry-wide. By strategically realigning our business, we’ve better positioned ourselves to weather market fluctuations and capitalize on emerging opportunities across our diverse portfolio. “The recent formation of our new SuperYacht Division (SYD) exemplifies our strategy to generate increasing operating and commercial synergies across our portfolio,” McGill said. “The SYD integrates the operations of Fraser Yachts, Northrop & Johnson, Fairport Yacht Management, SuperYacht Management and Atalanta Golden Yachts (AGY), streamlining the back-office functions of these businesses into a unified entity. Our expansion into superyacht services began many years ago as our existing Azimut, Galeon, and Ocean Alexander customers, and others from our retail dealership operations, migrated to increasingly larger yachts. The complexity of these vessels demanded specialized services, which our SYD companies are exceptionally well-positioned to provide. “As part of our long-term operational improvement plan, we initiated strategic cost-cutting actions to better align our expense structure with the current operating environment and improve operating leverage,” McGill said. “During the fourth quarter and into fiscal 2025, we expect to see increasing cost savings from these initiatives, which will further improve our cash flows.”

MarineMax is proud to announce the appointment of Patrick Coote as Vice President of Brand Marketing for its prestigious Superyacht Division. With over 25 years of visionary leadership in the superyacht sector, Patrick brings valuable expertise to this pivotal role. Patrick's career has spanned every facet of the yachting industry, from publishing and boat show management to yacht design, sales, and finance. His transformative impact has been felt across renowned brands such as Northrop & Johnson, Fraser Yachts, and the Azimut Benetti Group, where he spearheaded groundbreaking marketing initiatives over the last 20 years. Patrick's creative vision and commitment to challenging the status quo make him an excellent asset during this new chapter for the MarineMax Superyacht Division. "I am thrilled to embark on this exhilarating journey with MarineMax," Patrick remarks. "Together, we will redefine the global superyacht brokerage landscape, introducing innovations and experiences that surpass industry standards." As a key member of the Superyacht Division's senior leadership team, Patrick will play a crucial role in helping the brand-specific marketing teams drive strategic efforts across Fraser Yachts, Northrop & Johnson, and Fairport Global. His focus will be on ensuring continued growth and excellence while also highlighting each brand's independent positioning as a trusted, best-in-class partner for their respective clients. "We warmly welcome Patrick to our team," says Daniel Ziriakus, Chief Operating Officer & EVP of the MarineMax Superyacht Division. "His profound industry knowledge and visionary marketing strategies will propel us to new heights on the world stage. Patrick's dedication perfectly aligns with our commitment to innovation and client satisfaction, making him an ideal leader for our brand marketing operations. In addition to his professional achievements, Patrick is a sought-after speaker at industry conferences and an active member of the prestigious Yacht Club de Monaco. Beyond the sea, his passions extend to polo, motorcycles, and exploring new horizons.

CLEARWATER, FL (June 24, 2024) – Dawn Hunt, MarineMax Director of Human Resources, was recently named to Boating Industry's 2024 Women Making Waves in their June issue. Dawn stood out among more than 100 well-qualified nominations submitted for the annual program, which recognizes women in the recreational boating industry who contribute to its success, propel its growth, and lead their organizations and peers into the future. Dawn Hunt comments, "Being recognized by Boating Industry Magazine as one of the 2024 Women Making Waves is an incredible honor. At MarineMax, I've been fortunate to work with a fantastic team that shares my commitment to fostering a supportive and thriving work environment. I am passionate about not only advancing our company but also elevating the entire boating industry. I look forward to continuing this journey and making a positive impact for years to come."    Dawn has played a pivotal role in shaping the work environment at MarineMax. Her 30 years of experience have been instrumental in implementing policies and procedures that align with the company's culture and values. Her championing of innovative HR practices has created a supportive atmosphere for team members, prioritizing safety, health benefits, and open communication. Dawn's approachability and commitment to hearing and addressing team members' concerns have made her a respected figure in the company. Read More: https://lnkd.in/dxBXrJmr

We are delighted to announce an important change within the MarineMax Group of companies.     Since becoming the largest superyacht services company in the world, through the combination acquisitions of Fraser Yachts, Northrop & Johnson, Fairport Global , SYM Superyacht Management and Atalanta Golden Yachts, the group has assessed how best to integrate and combine functional areas to make the overall group stronger, improve the experience and opportunities for the team members and to enhance the client offering across the board, while maintaining the culture and independency of the brands.   We are now excited to announce the creation of a new division within MarineMax, to be called the “Superyacht Division” (SYD). This new division will combine the back-office functions for the company’s Superyacht brands into one global support structure.  HR, Accounting, Finance, Legal & Compliance, Martech, Video & Image Production, Business Intelligence and Technology will now all fall under one “roof”, integrating the backend of each brand into one international organization, without changing the DNA of our well-established, individual brands.     To lead this new organization, we are also delighted to announce the appointment of Daniel Ziriakus to Group Chief Operating Officer and Executive Vice President, and the appointment of Alessandra Nenci to Group Chief Financial Officer and Executive Vice President. Read More: https://lnkd.in/edUwrnUv    

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced the promotion of Manny A. Alvare, the Company’s Vice President of Legal Affairs since October 2021, to the position of General Counsel. Mr. Alvare joined MarineMax as Corporate Counsel in 2018 after a distinguished career serving as in-house counsel for several Florida companies in a wide range of industries. During his tenure at MarineMax, he has overseen the legal work related to the Company’s acquisitions, brand expansions, domestic and international growth, and numerous other strategic initiatives. Mr. Alvare is a graduate of the University of Florida and received his law degree from St. Thomas University’s Benjamin L. Crump College of Law. Brett McGill, Chief Executive Officer and President of MarineMax, stated, “This promotion recognizes Manny’s professional accomplishments at MarineMax, particularly his pivotal role in overseeing legal affairs and guiding us as we execute on our growth strategy. We look forward to Manny’s continued success as a key leader in our organization.”

MarineMax Orlando, MarineMax Pensacola, MarineMax Fort Walton Beach, MarineMax Gulf Shores, MarineMax Jacksonville, MarineMax Panama City Beach, and MarineMax Cocoa are proud to announce the addition of Premier Marine to their esteemed collection of premium brands. Jay Rasmusson, Vice President and Regional President, comments, "We are excited to add Premier to our list of premium brands we represent. These luxury pontoon boats are made to fit any boater's needs and can be tailored for entertaining water sports and fishing. We can't wait to see our customers' excitement about this new addition. They are available and ready to be on the water this summer!" Read More: https://bit.ly/3X4swF5

CLEARWATER, FL (May 7, 2024) For the seventh straight year, MarineMax has partnered with Habitat for Humanity of Pinellas and West Pasco Counties to sponsor a home for a deserving family. Brett McGill, MarineMax CEO and President, comments, "We feel privileged to be part of the Habitat for Humanity program annually and to have an opportunity to extend a hand to families in need of homes. It's incredibly rewarding to witness the life-changing impact it brings. At MarineMax, we cherish the opportunity to unite as a team and contribute our efforts to making a meaningful difference in these families lives." This year's home dedication occurred on April 30 for the Hadley family. Jannese Hadley is a front desk receptionist and single mother to her two sons, Jah'Veon (10) and Jah'Len (7). Before getting the keys to their new home, the family of three lived at Jannese's grandmother's home, which was extremely challenging. The house was overcrowded, with one bathroom to share, and had a lot of maintenance issues, including a floor that was about to cave in and a leaky roof. Getting accepted into the Habitat program was truly life-changing for the family. "I cried tears of joy," Jannese said. "I immediately called up my boys to tell them the news." Her sons were incredibly proud of their mother for this accomplishment. They told her, "Mommy, whenever you tell us you're going to do something, you do it. You never let us down." Read More: https://lnkd.in/eACPvi_8