BUZZ-MarineMax rises on surprise Q1 profit

Reuters

01-23

BUZZ-MarineMax rises on surprise Q1 profit

** Boat dealer MarineMax's HZO.N shares up 9.16% at $30.50 premarket

** Co posts Q1 adjusted profit of 17 cents/share, compared to analysts' expectations of a loss of 19 cents/share according to data compiled by LSEG

** Q1 revenue falls 11.2% to $468.5 mln, primarily due to slow demand and disruptions from hurricanes Milton and Helene, but above analysts' expectation of $485.1 mln

** Co reaffirms forecast for annual EPS and revenue

** “While economic conditions in the recreational marine industry remain challenging, we anticipate that the pace of activity improves as we move into the spring selling season,” - CEO

** HZO stock fell 25.6% in 2024

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

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