Strong demand for boats drives gains at MarineMax
April 22, 2021 - MarineMax (NYSE: HZO), a Clearwater-based recreational boat and yacht retailer, reported big gains in revenue and profit for the second quarter of fiscal year 2021. The company posted net income of $38.9 million, or $1.69 a share, on revenue of $523.1 million for the three months ended March 31, compared to net income of $5.1 million, or 23 cents a share, on revenue of $308.5 million in the same period a year ago. In a news release, MarineMax said strong demand for boating led to increased sales. The company also credited geographic and product diversification and the effective utilization of its digital platform.