MarineMax, Inc. (NYSE:HZO) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of its shares. The company intends to repurchase shares to mitigate the dilutive effect of stock options.

The shares repurchased may be reserved for later reissue in connection with employee benefit plans and other general corporate purposes. The program will end on March 31, 2026. As of March 5, 2024, the company had 22,299,588 shares of common stock outstanding.