CLEARWATER, Fla.–(BUSINESS WIRE)–MarineMax, Inc. (NYSE: HZO), the world’s largest leisure boat, yacht and superyacht providers firm, right this moment issued the next assertion in response to current letters issued by Island Capital Group LLC:
The MarineMax Board of Administrators is open-minded and commonly evaluates bone fide alternatives to reinforce shareholder worth. The Board is at all times open and conscious of enter from key stakeholders and now we have spoken with Island Capital on a number of events. The Firm will proceed to make choices and take actions that we imagine are in one of the best curiosity of the Firm and our shareholders.
About MarineMax
Because the world’s largest life-style retailer of leisure boats and yachts, in addition to yacht concierge and superyacht providers, MarineMax (NYSE: HZO) is United by Water. We’ve got over 130 places worldwide, together with 83 dealerships and 66 marina and storage services. Our built-in enterprise contains IGY Marinas, which operates luxurious marinas in yachting and sport fishing locations world wide; Fraser Yachts Group and Northrop (NYSE:) & Johnson, main superyacht brokerage and luxurious yacht providers corporations; Cruisers Yachts, one of many world’s premier producers of premium sport yachts and motor yachts; and Intrepid Powerboats, a premier producer of powerboats. To reinforce and simplify the shopper expertise, we offer financing and insurance coverage providers in addition to main digital know-how merchandise that join boaters to a community of most well-liked marinas, sellers, and marine professionals by means of Boatyard and Boatzon. As well as, we function MarineMax Holidays in Tortola, British Virgin Islands, which affords our constitution trip company the posh boating adventures of a lifetime. Land contains 29% of the earth’s floor. We’re targeted on the opposite 71%. Be taught extra at www.marinemax.com.
Ahead-Wanting Statements
Sure statements on this press launch are forward-looking as outlined within the Personal Securities Litigation Reform Act of 1995. These statements are based mostly on present expectations, forecasts, dangers, uncertainties, and assumptions which will trigger precise outcomes to vary materially from expectations as of the date of this launch. These dangers, assumptions, and uncertainties embrace talents of MarineMax, Inc. (the Firm) to cut back stock, handle bills and achieve its objectives and methods, the standard of the brand new product choices from the Firm’s manufacturing companions, the efficiency and integration of the recently-acquired companies, normal financial circumstances, in addition to these inside the Firm’s business, the liquidity and energy of our financial institution group companions, the extent of shopper spending, and quite a few different elements recognized within the Firm’s Type 10-Ok for the fiscal yr ended September 30, 2023 and different filings with the Securities and Change Fee. The Firm disclaims any intention or obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
View supply model on businesswire.com: https://www.businesswire.com/information/house/20240712507395/en/
Buyers:
Mike McLamb
Chief Monetary Officer
MarineMax, Inc.
727-531-1700
Scott Solomon
Sharon Merrill Advisors
HZO@investorrelations.com
617-320-8282
Media:
Mahmoud Siddig / Greg Klassen
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449
Supply: MarineMax, Inc.
