MarineMax loses $6 million


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  • | 4:06 p.m. November 3, 2011
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CLEARWATER -- Boat retailer MarineMax Inc. (symbol: HZO) posted a $5.7 million net loss in the fourth quarter of its 2011 fiscal year.

Over the year, revenues are down 4%, to $119.8 million; operating losses are up 267% to $4.8 million; and interest costs are up 38%, to $970,000.

About his company's fourth quarter performance, CEO William McGill says, “Our industry's challenges persisted with a significant drop in consumer confidence brought about by increasing softness in the economy, the national debt debate, and, to a much lesser degree, Hurricane Irene.”

 

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