CEO: Q2 Revenue $527.4M, Market Environment Under Ongoing Pressure
Reports Q2 revenue $527.4M, consensus $615.75M. "Our fiscal Q2 results reflected ongoing industry headwinds in the retail environment for new and used boat sales; however, our higher-margin businesses once again provided important balance, stability and growth, helping to offset much of the pressure caused by the decline in boat revenue," said CEO Brett McGill. "While near-term market conditions remain pressured by geopolitical and macroeconomic uncertainty, including international concerns from tariffs, the long-term fundamentals of the recreational marine market remain strong...This demand is reflected in our sequential and year-over-year customer deposit growth trends as well as continued strength in our superyacht and international marina businesses. Our balance sheet remains very strong, supported by disciplined inventory management, reduced floorplan financing, and ample liquidity. As we enter the summer selling season, we are seeing increased demand across both digital and retail channels supporting a cautiously optimistic outlook."
