MarineMax still losing money


  • By
  • | 4:26 p.m. April 29, 2011
  • | 0 Free Articles Remaining!
  • Tampa Bay-Lakeland
  • Share

CLEARWATER — MarineMax Inc. (symbol: HZO) lost $4.5 million in the second quarter of 2011, despite $115.8 million in revenues, up 5% over the year.

Over the last six months the company has lost $9.2 million, as MarineMax continues to struggle with what CEO William McGill calls a “challenging industry environment.”

In its 2010 fiscal year, which ended Sept. 30, MarineMax posted a $13 million operating loss. Over its past three fiscal years, the company has posted a combined operating loss of $218 million.

 

Continue reading your article
with a Business Observer subscription.
What's included:
  • ✓ Unlimited digital access to BusinessObserverFL.com
  • ✓ E-Newspaper app, digital replica of print edition
  • ✓ Mailed print newspaper every Friday (optional)
  • ✓ Newsletter of daily business news

Latest News

Sponsored Content