CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, today provided a preliminary update on the impact of Hurricane Irma.
First and foremost, all of the Company’s team members and their families are safe. The Company has started efforts to assess the impact of the damage that occurred as a result of Hurricane Irma, which hit two of the Company’s largest markets, Florida and the Southeast, United States. Preliminary indications are that due to the MarineMax team’s training, past experiences and proactive efforts to prepare for the storm, buildings and inventory did not incur major damage. Unfortunately, MarineMax Vacations, the Company’s charter operation in the British Virgin Islands, sustained significant damage based on initial assessments.
William H. McGill, Jr., Chairman, President, and Chief Executive Officer, stated, “MarineMax’s top priority has been ensuring that our team members and families are safe. Our thoughts and concerns are with those affected by the storm and we remain committed to engaging with our customers and the communities that require much needed assistance. Our team and the boating public are resilient and both will come back stronger through the recovery process. Many of our team members are at our stores today, beginning the clean-up process and assisting our customers with their post-storm needs.”
MarineMax will provide additional information in the event of a material change in this situation or once the physical and financial damages have been fully assessed, as appropriate.
Headquartered in Clearwater, Florida, MarineMax is the nation’s largest recreational boat and yacht retailer. Focused on premium brands, such as Sea Ray, Boston Whaler, Meridian, Hatteras, Azimut Yachts, Ocean Alexander, Galeon, Grady-White, Harris, Bennington, Crest, Scout, Sailfish, Sea Pro, Sportsman, Scarab Jet Boats, Yamaha Jet Boats, Aquila, and Nautique, MarineMax sells new and used recreational boats and related marine products and services as well as provides yacht brokerage and charter services. MarineMax currently has 62 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, South Carolina and Texas and operates MarineMax Vacations in Tortola, British Virgin Islands. MarineMax is a New York Stock Exchange-listed company. For more information, please visit www.marinemax.com.