Tag Archives: W. Brett McGill

MarineMax acquires Cruisers Yachts

MarineMax, Inc. announced the acquisition of KCS International, Inc., better known as Cruisers Yachts, headquartered in Oconto, Wis. Cruisers Yachts (Cruisers) is recognized as a premier manufacturer of premium yachts, producing models from 33- to 60-feet. Cruisers, due to demand, recently announced the expansion of their production capacity by purchasing a 216,000 square foot, purpose-built boat manufacturing plant in Pulaski, ...

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MarineMax reports record Q1 results

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced results for its first quarter ended December 31, 2020. Revenue increased 35%, or over $107 million, to $411.5 million for the quarter ended December 31, 2020 from $304.2 million in the comparable period last year. Same-store sales grew over 20% in the quarter, driven by even ...

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MarineMax reports third quarter results

MarineMax, Inc. announced results for its third quarter ended June 30, 2020. Revenue grew approximately 30% to $498.3 million for the quarter ended June 30, 2020, from $383.5 million for the comparable quarter last year. The increase was driven by same-store sales growth of 37% which was on top of a 3% increase in the comparable period last year. Net ...

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MarineMax enters yacht insurance business with acquisition

MarineMax, Inc. (NYSE: HZO) announced that it acquired Private Insurance Services, a specialty yacht insurance agency. Private Insurance Services, an affiliate and part of the recent acquisition of Northrop & Johnson, provides yacht insurance programs for top yacht management groups, maritime attorneys and brokerage houses worldwide. With the acquisition, MarineMax enters the yacht insurance segment of the industry, expanding its ...

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MarineMax reports Q2 results

MarineMax, Inc. announced results for its fiscal second quarter ended March 31, 2020. Revenue grew almost 2% to $308.5 million for the quarter ended March 31, 2020 from $303.6 million for the comparable quarter last year. Same-store sales for the quarter increased over 1% on top of a 12% during the same period last year. Income before taxes was $6.7 ...

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MarineMax reports Q1 FY2020 results

MarineMax, Inc. announced results for its first quarter ended Dec. 31, 2019. Revenue increased 26%, or over $62.2 million, to $304.2 for the quarter ended December 31, 2019 from $241.9 million in the comparable period last year. Same-store sales were up over 24%, in the quarter, supported almost entirely by similar growth in units sold. For the sixth consecutive year, ...

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MarineMax Reports Q2 Revenue Grew 12%

MarineMax, Inc. announced results for its fiscal second quarter ended March 31, 2019. Revenue grew over 12% to $303.6 million for the quarter ended March 31, 2019 from $270.6 million for the comparable quarter last year. Same-store sales for the quarter increased 12% on top of 8% last year. Income before taxes was $7.2 million for the quarter ended March ...

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