MarineMax posts record third quarter results in fiscal 2023

MarineMax, the world's largest recreational yacht retailer, has reported record revenue in the third quarter (1 April – 30 June) of its 2023 fiscal year, increasing to $721.8 million from $688.5 million in the same period last year. 

According to the firm, this 4.8 per cent growth was driven primarily by the acquisition of IGY Marinas, which took place last year in a deal valued at $480 million, increased manufacturing revenue and robust consumer demand in the new and used boating divisions.