HZO

MarineMax Completes Acquisition of Premier Distributor and Retailer Williams Tenders USA

Retrieved on: 
Monday, March 4, 2024

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has completed the acquisition of Williams Tenders USA, Inc. (Williams).

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has completed the acquisition of Williams Tenders USA, Inc. (Williams).
  • Headquartered in Pompano Beach, Florida, Williams is a premier distributor and retailer for UK-based Williams Jet Tenders Ltd., the world’s leading manufacturer of rigid inflatable jet tenders for the luxury yacht market.
  • “Today, Williams’ luxury jet tenders are marketed in 20 locations across the United States and the Caribbean.
  • We believe Williams is well-positioned to capitalize on this growth opportunity and are thrilled to welcome the entire Williams USA team to the MarineMax family.”

The Electrifying Rise of Electric Boats

Retrieved on: 
Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ --  The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points: 
  • Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
  • Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
  • Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
  • The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

The Electrifying Rise of Electric Boats

Retrieved on: 
Wednesday, February 14, 2024

NEW YORK, Feb. 14, 2024 /PRNewswire/ --  The raucous rumble of combustion engines is fading, systematically replaced by the high-performance hum of electric propulsion that's transforming every aspect of transport. Electric cars have moved mainstream with both automakers and upstarts offering multiple mobility options. Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake. This surge in electrification isn't just about a clean and green conscience; it's about performance, convenience and a technological transition in mobility that may be as profound as the shift from the horse to the horseless carriage. The producer of the world's most powerful and most technically advanced electric outboard motor on the market today, Vision Marine Technologies Inc. (NASDAQ: VMAR) (Profile), is a recognized global leader, innovator and disruptive force in the electrification of recreational boating. The company is at the vanguard of transition, challenging the status quo of conformity alongside big players such as Brunswick (NYSE: BC) and yacht purveyor MarineMax (NYSE: HZO) by electrifying the waterways much like Winnebago (NYSE: WGO) intends to do and what Telsa (NASDAQ: TSLA) has already accomplished on land.

Key Points: 
  • Now another market is being disrupted, as sleek electric boats glide across the water leaving nothing but a whisper of ripples in their wake.
  • Performance boats with electric hearts offer exhilarating speeds and instant torque, all while leaving the water pristine.
  • Unlike traditional, noisy gas-powered boats, Vision Marine's E-Motion powertrain offers electric boats a smooth, powerful, near-silent ride that boaters love.
  • The electric revolution is surging across transportation, propelling both cars and now boats into a cleaner, quieter future.

Pixxel Appoints William McCombe as its Chief Financial Officer

Retrieved on: 
Monday, January 29, 2024

Pixxel , a leader in innovative hyperspectral earth-imaging technology, today announced the appointment of William McCombe as its new Chief Financial Officer.

Key Points: 
  • Pixxel , a leader in innovative hyperspectral earth-imaging technology, today announced the appointment of William McCombe as its new Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240129547813/en/
    Commenting on the appointment, Awais Ahmed, Founder and CEO of Pixxel said: “We are delighted to welcome William McCombe to the Pixxel spaceship!
  • As we navigate the next stages of our journey, we’re excited to work together towards realising our ambitious vision for the future.”
    William McCombe, Chief Financial Officer, Pixxel said: “I am very excited to join Pixxel as its Chief Financial Officer.
  • William’s prior roles included Chief Financial Officer at Maxar, where he led Maxar’s $3.5Bn merger with Digital Globe.

MarineMax Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Thursday, January 25, 2024

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced results for its first quarter ended December 31, 2023.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced results for its first quarter ended December 31, 2023.
  • In fiscal 2024, we are focused on capturing further synergies and increasing the earnings power of MarineMax imbedded in the acquisitions we completed over the past several years.
  • The Company also is revising fiscal year 2024 Adjusted EBITDA1,2 guidance in the range of $190 million to $215 million.
  • MarineMax will discuss its fiscal 2024 first quarter financial results on a conference call starting at 10:00 a.m.

MarineMax to Report First Quarter Fiscal 2024 Financial Results on Thursday, January 25, 2024

Retrieved on: 
Thursday, January 18, 2024

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, plans to release its first quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, January 25, 2024.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, plans to release its first quarter fiscal 2024 financial results before the opening of the New York Stock Exchange on Thursday, January 25, 2024.
  • ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary.
  • The online replay will be available within one hour of the conclusion of the call and will be archived on the website for one year.
  • The live call also can be accessed by dialing 877-407-0789 (U.S. and Canada) or 201-689-8562 (International).

MarineMax to Acquire Williams Tenders USA, Complementing its Luxury Yacht and Superyacht Offerings

Retrieved on: 
Monday, January 8, 2024

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has entered into a definitive agreement to acquire Williams Tenders USA, Inc.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht and superyacht services company, today announced that it has entered into a definitive agreement to acquire Williams Tenders USA, Inc.
  • Headquartered in Pompano Beach, Florida, Williams Tenders USA is a premier distributor and retailer for UK-based Williams Jet Tenders Ltd., the world’s leading manufacturer of rigid inflatable jet tenders for the luxury yacht market.
  • “Williams Tenders USA complements our product and service offerings, enhancing the value we provide to yacht and superyacht customers,” stated Brett McGill, Chief Executive Officer and President of MarineMax.
  • Like MarineMax, Williams Tenders USA is a business that is passionate about the boating lifestyle.

MarineMax Reports Fiscal 2023 Fourth Quarter and Full Year Results

Retrieved on: 
Thursday, October 26, 2023

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced results for its fiscal 2023 fourth quarter and full year ended September 30, 2023.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced results for its fiscal 2023 fourth quarter and full year ended September 30, 2023.
  • “Fueled by consumer demand for the boating lifestyle, sustained premium-segment momentum and our strategic marketing expertise, we delivered record revenue and generated 8% same-store sales growth in the fourth quarter.
  • Adjusted EBITDA1 for the quarter ended September 30, 2023 was $42.6 million, compared with $68.4 million for the same period last year.
  • MarineMax will discuss its fiscal 2023 fourth quarter and full year financial results on a conference call starting at 10:00 a.m.

MarineMax to Report Fiscal 2023 Fourth Quarter and Full Year Results on Thursday, October 26, 2023

Retrieved on: 
Thursday, October 19, 2023

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, plans to release its fiscal 2023 fourth quarter and full year financial results before the opening of the New York Stock Exchange on Thursday, October 26, 2023.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, plans to release its fiscal 2023 fourth quarter and full year financial results before the opening of the New York Stock Exchange on Thursday, October 26, 2023.
  • ET that day, the Company will conduct a conference call hosted by Brett McGill, Chief Executive Officer and President, and Mike McLamb, Executive Vice President, Chief Financial Officer and Secretary.
  • The online replay will be available within one hour of the conclusion of the call and will be archived on the website for one year.
  • The live call also can be accessed by dialing 877-407-0789 (U.S. and Canada) or 201-689-8562 (International).

MarineMax To Expand Superyacht Services in Greece

Retrieved on: 
Monday, September 25, 2023

MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced that Fraser Yachts, its wholly owned subsidiary, has executed a definitive agreement to acquire a controlling interest of Atalanta Golden Yachts, a leading charter management agency based in Athens, Greece.

Key Points: 
  • MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat, yacht, and superyacht services company, today announced that Fraser Yachts, its wholly owned subsidiary, has executed a definitive agreement to acquire a controlling interest of Atalanta Golden Yachts, a leading charter management agency based in Athens, Greece.
  • John Dragnis, principal shareholder of Atalanta Golden Yachts, maintains a significant stake and will remain involved in the growth and development of Fraser’s operations in Greece.
  • Brett McGill, MarineMax Chief Executive Officer and President, stated, “The addition of Atalanta Golden Yachts complements our leading superyacht brokerage and luxury yacht offerings and is a testament to our continued expansion into higher-margin businesses with global reach.
  • We are thrilled that the Atalanta Golden Yachts team will be joining our Fraser team in Greece and look forward to further solidifying our position in this attractive and growing market.”