MarineMax, Inc. Launches New \$100 Million Stock Repurchase Plan, Replaces Previous Program

Key Highlights for Investors

• MarineMax, Inc. (NYSE: HZO) Board Approves New Share Buyback Plan: The company’s Board of Directors has authorized a new stock repurchase plan, allowing the company to buy back up to \$100 million of its common stock from March 4, 2026, through March 2028.
• Replacement of Previous Plan: This new program replaces the 2024 Plan, which was also set at \$100 million and was scheduled to run through March 2026. Under the 2024 Plan, MarineMax had repurchased approximately 1.4 million shares as of March 3, 2026.
• Current Shares Outstanding: As of March 3, 2026, MarineMax had 22,027,414 shares of common stock outstanding.
• Flexible Repurchase Methods: The company is permitted to repurchase shares on the open market or through privately negotiated block transactions, depending on market conditions, cash availability, and other investment opportunities.
• Main Purpose: Share repurchases are intended to offset the dilutive effects of restricted stock issued to employees and may also be reserved for re-issuance in connection with employee benefit plans or other corporate purposes.

Details and Implications for Shareholders

The announcement of a new \$100 million buyback program is a significant development for MarineMax shareholders. Share buybacks are commonly used to return capital to shareholders and can have a positive effect on share price by reducing the number of shares outstanding, thereby increasing earnings per share (EPS). The program’s flexibility allows MarineMax to adapt repurchases based on prevailing market conditions, the company’s liquidity, and other investment needs.

Importantly, the company has stated that shares repurchased may be reserved for later reissue in connection with employee benefit plans and other corporate needs. This intent suggests that the buybacks are not solely to reduce shares outstanding but also to manage dilution from equity compensation.

Potential Share Price Impact

• Support for Share Price: The authorization of a new \$100 million repurchase plan could provide support for MarineMax’s share price, as buybacks often signal management’s confidence in the company’s valuation and future prospects.
• Offsetting Dilution: By mitigating the dilutive impact of restricted stock, the program is likely to be viewed positively by existing shareholders, as it helps protect their ownership percentage.
• Market Reaction: The actual impact on the share price will depend on the pace and timing of buybacks, as well as prevailing market and economic conditions.

About MarineMax

MarineMax is the world’s largest recreational boat and yacht retailer, marina operator, and superyacht services company. With over 120 locations worldwide—including more than 70 dealerships and over 65 marina and storage facilities—the company has a highly integrated business model. MarineMax owns IGY Marinas, Fraser Yachts Group, Northrop & Johnson, Cruisers Yachts, Aviara luxury dayboats, and Intrepid Powerboats. It also offers financing, insurance, and digital technology products to enhance the customer experience, as well as luxury boating vacations through MarineMax Vacations in the British Virgin Islands.

Forward-Looking Statements and Risks

Investors should note that the press release contains forward-looking statements regarding the company’s strategy, including the execution and impact of the new repurchase plan. These statements are subject to risks and uncertainties, such as general economic conditions, consumer spending, inventory management, and factors disclosed in MarineMax’s filings with the SEC. Actual results may differ materially from current expectations.

Contact Information

• Michael H. McLamb, Chief Financial Officer — 727-531-1700
• Scott Solomon, Senior Vice President, Sharon Merrill Advisors — 857-383-2409
• Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with financial professionals before making investment decisions. Past performance is not indicative of future results. The information contained herein is based on data available as of the date of publication and may be subject to change.

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