HZO · MarineMax, Inc. Q3 FY2026 earnings call record财报电话会记录

“These risks include, but are not limited to, the impact of seasonality and weather, global economic conditions and the level of consumer spending, the company's ability to capitalize on opportunities or grow its market share, and numerous other factors identified in our most recently filed 10-K and 10-Q and other filings with the Securities and Exchange Commission.”

“In each operation, we have such tenure and expertise that help ensure we are fulfilling our customers' needs while also driving results.”

“retail demand has remained challenged amid economic and geopolitical uncertainty, with the premium end of the market generally being more resilient.”

“While market conditions weighed on revenue, gross margin increased 530 basis points to 35.7%.”

“Thus far, the interest in the program is high, and the initial successes reflect improved gross margins while providing excellent comfort to our customers.”

“Gross profit rose to $218 million for the quarter, despite lower boat sales due to strong gross margins of nearly 36%.”

“As Brett noted, our margins were up 530 basis points over last year, reflecting the strength of our higher-margin businesses and the progress we are making improving profitability across the business.”

“Building on our improved profitability, adjusted EBITDA increased over 44% to $51 million from $35 million.”

“Turning to guidance, after considering operating conditions, recent industry trends, retail performance, and other relevant factors, we are reaffirming our fiscal 2026 expectation for adjusted EBITDA for the year to be in the range of $110 million-$125 million, and adjusted net income to be in the range of approximately $0.40-$0.95 per diluted share.”

“This outlook reflects our disciplined approach to the current environment and the progress we are making in shifting our business mix towards higher margin, recurring and service-oriented revenue streams.”

“We've been saying on these calls the last probably four or five quarters that margins are 300-400 points below pre-COVID averages of 2017, 2018, 2019, thereabouts.”

“You obviously left it unchanged in terms of EBITDA and EPS, took down your industry outlook, took down your same-store sales outlook.”