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The ongoing comeback at Clearwater-based boat retailer MarineMax got a national plug recently: Executives, led by longtime Chairman, CEO and President William McGill, rang the NYSE opening bell Jan 21.
Firm officials were in the Big Apple for both the ceremony and the 110th New York Boat Show. The five-day event is one of the longest-running tradeshows in the boating industry, and MarineMax, the largest recreational boar retailer in the country, was a key participant.
MarineMax posted $624.69 million in revenues in fiscal 2014, up 6.9% from $584.50 million in fiscal 2013. The firm has 55 retail locations, from Alabama to Texas and California to Tennessee, and sells boats and yachts from more than a dozen high-end brands and manufacturers.
Shares of MarineMax, traded under the symbol HZO, hit 52-week highs twice in January, once on Jan. 8 at $20.89 and again on Jan. 13 at $21.13. Shares closed at $21.04 on Jan. 26. The company, scheduled to release fiscal 2015 first quarter earnings Jan. 29, was a “strong and under the radar” stock pick from thestreet.com last November.
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