Marinemax Inc.

Historically, in periods of lower consumer spending and depressed economic conditions, we have, among other things, substantially reduced our acquisition program, delayed new store openings, reduced our inventory purchases, engaged in inventory reduction efforts, closed a number of our retail locations, reduced our headcount, and amended and replaced our credit facility.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

Such calculated earnout payments were further discounted at our estimated cost of debt, to account for counterparty risk.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

The fair value of our mortgage facilities and term loan, which are not carried at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheets, was determined using Level 2 inputs based on the discounted cash flow method.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

For our incremental borrowing rate, we generally use a portfolio approach to determine the discount rate for leases with similar characteristics .

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

We determine discount rates based upon our hypothetical credit rating, taking into consideration our short-term borrowing rates, and then adjusting as necessary for the appropriate lease term.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

SHORT-TERM BORROWINGS AND LONG-TERM DEBT: Short-term Borrowings In June 2026, we executed the Amended and Restated Credit Facility with Manufacturers and Traders Trust Company ("M&T Bank") as Administrative Agent, Swingline Lender, and Issuing Bank, Wells Fargo Commercial Distribution Finance, LLC, as Floor Plan Agent, and the lenders party thereto (the New Credit Facility ).

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

“While our near-term outlook is cautious due to the ongoing economic uncertainty, we are confident that our overarching strategy will drive operational resilience.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

We’re focused on the other 71%.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

These statements, including those related to expected improvement in sales, the gradual rebalancing forecasted to begin in the back half of calendar 2025, the potential reduction in uncertainty that has been weighing on consumer confidence, our revised fiscal 2025 guidance, our cautious near-term outlook, our overarching strategy, the expansion of our higher margin businesses, operational resilience, our positioning to navigate the current market volatility, the strategic 3 See “Non-GAAP Financial Measures” for a discussion of why reconciliations of forward-looking Adjusted net income and Adjusted EBITDA are not available without unreasonable effort.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

expansion of our higher-margin businesses, and the resilient consumer demand for the boating lifestyle, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

As a result, an economic downturn or inflation could impact us more than certain of our competitors due to our strategic focus on the higher end of our market.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026

Fiscal 2025 Third Quarter Summary • June quarter revenue of $657.2 million • Same-store sales down 9% • Gross profit of 30.4% • Net loss of $52.1 million, or $2.42 per share, includes a non-cash goodwill impairment charge of $69.1 million; Adjusted diluted EPS 1 of $0.49 • Adjusted EBITDA 1 of $35.5 million CEO & President Commentary “A combination of ongoing economic uncertainty, evolving trade policies and geopolitical tensions contributed to weak retail demand across the recreational marine industry in the June quarter,” said Brett McGill, Chief Executive Officer and President of MarineMax.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

“Recent developments such as the new tax legislation, easing geopolitical tensions, and the prospect of trade agreements, may help reduce some of the uncertainty that has 1 This is a non-GAAP measure.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

“While our near-term outlook is cautious due to the ongoing economic uncertainty, we are confident that our overarching strategy will drive operational resilience.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

These statements, including those related to expected improvement in sales, the gradual rebalancing forecasted to begin in the back half of calendar 2025, the potential reduction in uncertainty that has been weighing on consumer confidence, our revised fiscal 2025 guidance, our cautious near-term outlook, our overarching strategy, the expansion of our higher margin businesses, operational resilience, our positioning to navigate the current market volatility, the strategic 3 See “Non-GAAP Financial Measures” for a discussion of why reconciliations of forward-looking Adjusted net income and Adjusted EBITDA are not available without unreasonable effort.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

expansion of our higher-margin businesses, and the resilient consumer demand for the boating lifestyle, are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release.

SEC original ↗Marinemax Inc. — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Any change or termination of these agreements, or the agreements discussed above, for any reason, or changes in competitive, regulatory or marketing practices, including rebate or incentive programs, could adversely affect our results of operations.

SEC original ↗Marinemax Inc. — 10-Q Quarterly report10-QJul 23, 2026