MarineMax Expands Marina Portfolio with the Completion of Marina in Stuart, Florida

~ Complements Company’s Higher-Margin Revenue Streams ~

OLDSMAR, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO) (“MarineMax” or the “Company”), the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, today announced the completion and opening of the MarineMax Stuart Marina in Stuart, Florida, on Company-owned property that also serves as the location for its growing retail and service operations.

Located in the important southeast Florida market, adjacent to MarineMax’s Stuart retail and service operations, the new marina is designed to meet the growing demand for larger center-console boats. The new Stuart Marina offers storage for more than 100 boats, all on state-of-the-art boat lifts that can accommodate up to 56,000 pounds, making boating very convenient for area boaters.

“The development of this new marina enhances our integrated offerings in the Stuart market and creates valuable synergies that support our neighboring retail sales and service activities,” said Brett McGill, President and CEO of MarineMax. “MarineMax Stuart marks the first new marina development project completed from start to finish with our own marine construction company, Midcoast Marine Group, which we acquired in 2022. Stuart and the surrounding area is a rapidly growing, vibrant market and our slips are already in high demand. We are excited to welcome customers to our new marina and look forward to supporting them at every step of their boating journey.”

About MarineMax

As the world’s largest recreational boat and yacht retailer, marina operator and superyacht services company, MarineMax (NYSE: HZO) is United by Water. We have over 120 locations worldwide, including over 70 dealerships and 65 marina and storage facilities. Our integrated business includes IGY Marinas, which operates luxury marinas in yachting and sport fishing destinations around the world; Fraser Yachts Group and Northrop & Johnson, leading superyacht brokerage and luxury yacht services companies; Cruisers Yachts, one of the world’s premier manufacturers of premium sport yachts, motor yachts, and Aviara luxury dayboats; and Intrepid Powerboats, a premier manufacturer of powerboats. To enhance and simplify the customer experience, we provide financing and insurance services as well as leading digital technology products that connect boaters to a network of preferred marinas, dealers, and marine professionals through Boatyard and Boatzon. In addition, we operate MarineMax Vacations in Tortola, British Virgin Islands, which offers our charter vacation guests the luxury boating adventures of a lifetime. Land comprises 29% of the earth’s surface. We’re focused on the other 71%. Learn more at www.marinemax.com.

Forward Looking Statement

Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the expected growing demand for larger center-console boats, the synergies that support the neighboring retail sales and service activities, and the expectation that the completion and opening of the MarineMax Stuart Marina complements the Company’s higher-margin revenue streams. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the return to normal operations of the Company’s locations, the timing of and potential outcome of the Company’s long-term improvement plan, the estimated impact resulting from the Company’s cost-reduction initiatives, the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance and integration of the recently acquired businesses, general economic conditions, as well as those within the Company's industry, the liquidity and strength of our bank group partners, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2024 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.