MarineMax Q3 margins rise, debt refinanced
MarineMax posted Q3 2026 revenue of $611.3 million, down 7% year over year, with net income of $15.4 million and adjusted EBITDA rising to $51.3 million as gross margin expanded to 35.7% amid inventory reductions and a $1.49 billion refinancing; the company reaffirmed fiscal 2026 adjusted EBITDA guidance of $110 million to $125 million. The results come with mixed signals, including a distress-risk indicator from the Altman Z-score and reports of a potential sale or leadership changes amid a softer marine market.