BUZZ-MarineMax rises on surprise Q1 profit
ReutersJan 23, 2025 12:47 PM
Boat dealer MarineMax's HZO.N shares up 9.16% at $30.50 premarket
Co posts Q1 adjusted profit of 17 cents/share, compared to analysts' expectations of a loss of 19 cents/share according to data compiled by LSEG
Q1 revenue falls 11.2% to $468.5 mln, primarily due to slow demand and disruptions from hurricanes Milton and Helene, but above analysts' expectation of $485.1 mln
Co reaffirms forecast for annual EPS and revenue
“While economic conditions in the recreational marine industry remain challenging, we anticipate that the pace of activity improves as we move into the spring selling season,” - CEO
HZO stock fell 25.6% in 2024
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