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MARINEMAX Exhibit 99.1 MARINEMAX REPORTS RECORD FISCAL 2021 FIRST QUARTER RESULTS ~ Record December Quarter Revenue Grows 35 % to over $ 411 Million ~ ~ Same - Store Sales Growth Exceeds 20 % Driven By 35 % Comparable New Unit Growth ~ ~ Gross Margin Expands to a Record 30 % in the Quarter ~ ~ Record December Quarter Net Income Increases to $ 23.6 Million ~ ~ Diluted EPS More Than Doubles to $ 1.04 ~ ~ Raises Fiscal Year 2021 Guidance ~ CLEARWATER , FL , January 28 , 2021 - MarineMax , Inc. ( NYSE : HZO ) , the world's largest recreational boat and yacht retailer , today announced results for its first quarter ended December 31 , 2020 . Revenue increased 35 % , or over $ 107 million , to $ 411.5 million for the quarter ended December 31 , 2020 from $ 304.2 million in the comparable period last year . Same - store sales grew over 20 % in the quarter , driven by even greater growth in comparable new units sold of over 35 % . The 20 % same - store sales growth was on top of 24 % growth in the comparable quarter last year , as demand for boating remains strong relative to prior years . Given the Company's significant geographic and product diversification growth over the past several years , along with increased demand , net income and earnings per diluted share more than doubled to $ 23.6 million and $ 1.04 , respectively . This compares to net income of $ 9.1 million and earnings per diluted share of $ 0.41 in the comparable period last year . W. Brett McGill , Chief Executive Officer and President , stated , “ We delivered record sales and earnings growth in the quarter on top of very strong performance a year ago as we continue to outperform by effectively executing on our balanced growth strategy . We grew market share as we drove 20 % same - store - sales growth that was fueled by greater overall unit growth . Our entire team contributed to these impressive results , supported by our global market presence , premium brands , exceptional customer service and ongoing investments in technology . The meaningful margin expansion in the quarter was bolstered by growth in product margins , storage and service , Fraser Yachts and Northrop & Johnson , our global super yacht services businesses and our finance and insurance businesses . Our focus on driving margins and improving our cost structure continues to produce significant leverage in our operating model . " Mr. McGill continued , “ Our ongoing accretive acquisitions are all successfully integrated and contributing to our performance . We will continue to pursue complementary opportunities with a disciplined approach to expand our business as we remain committed to creating long - term value for our shareholders . Furthermore , we are realizing meaningful benefit from the foundational shift of new customers embracing and enjoying the boating lifestyle . This shift positions us to build on our growth for years to come , as many existing and new customers should upgrade to larger boats and take advantage of our multitude of product and service offerings . With the largest selling season ahead , we expect to build on the strong start to our fiscal year . " At December 31 , 2020 , the Company's financial capacity , consisting of cash and cash equivalents , along with available borrowings under its credit facilities , exceeded $ 254 million . 2021 Guidance Based on current business conditions , retail trends and other factors , the Company is raising its fiscal year 2021 guidance for earnings per diluted share to be in the range of $ 4.00 to $ 4.20 , which is increased from its previously provided guidance of $ 3.70 to $ 3.90 per diluted share . This compares to a non - GAAP adjusted , but fully taxed , earnings per diluted share of $ 3.42 in fiscal 2020. ( Please see the Company's fiscal 2020 earnings release dated October 28 , 2020 for a reconciliation of this non - GAAP figure to the applicable GAAP figure ) These expectations do not consider , or give effect for , material acquisitions that may be completed by the Company during fiscal 2021 or other unforeseen events , including changes in global economic conditions . ~ more ~