Marine Products

Marine Products Corp. engages in the design, manufacture, and sale of fiberglass powerboats through its subsidiary. Its products include Vortex, Robalo, and Chaparral . The company was founded on August 31, 2000 and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Marine Products (MPX) reports record Q4 sales amidst supply challenges

Marine Products (MPX) delivered exceptional financial performance in Q4 2022, driven by record sales and profit growth.
While facing supply chain challenges, the company's strong market position and cash reserves position it well for future growth.
With a focus on managing production constraints and monitoring market demand, Marine Products is poised to capitalize on growth opportunities.

Marine Products (MPX) reports record Q1 earnings amidst market challenges

Marine Products (MPX) delivered outstanding Q1 2023 results, marked by significant revenue growth, improved profitability, and strong operational performance.
While facing challenges related to macroeconomic factors and supply chain optimizations, the company remains well-positioned to capitalize on growth opportunities and drive shareholder value.
Strategic focus on international expansion, financial stability, and operational efficiency will be key for Marine Products to navigate challenges and unlock future growth potential.

Marine Products (MPX) reports strong Q2 earnings, eyes market growth

Marine Products (MPX) delivered robust financial results in Q2 2023, showcasing growth in sales, profit, and market share. Despite concerns over consumer confidence, the company remains confident in its dealer network and preparedness for market dynamics, with a focus on capitalizing on opportunities for growth.

Marine Products Corp adapts to market challenges with innovation

Marine Products Corp faced sales decline but maintained pricing strength in Q3 2023.
Despite challenges, the company's strong market share and product innovation are key strengths.
Navigating market uncertainties and seizing post-show demand opportunities are crucial for future success.

Marine Products Corp. reports Q4 decline, eyes strategic acquisitions

Marine Products Corp. faced a challenging Q4 2023 with significant declines in net sales and gross profit.
Despite the decline, the company is focused on making strategic decisions for long-term growth and considering acquisitions to enhance capabilities.
Opportunities exist for the company to invest strategically and position itself for potential market growth.

Marine Products reports Q1 sales decline, focuses on cost management

Marine Products (MPX) faced a challenging quarter with significant declines in sales and gross profit, leading to lower diluted EPS compared to the previous year.
Despite the hurdles, the company demonstrated resilience through proactive cost management, strong cash position, and a commitment to shareholder value.
Navigating market headwinds, Marine Products aims to capitalize on growth opportunities, streamline operations, and enhance profitability in the future.

Marine Products (MPX) reports Q2 sales decline, focuses on cost management

Marine Products (MPX) faced a tough second quarter with significant sales and profit declines, emphasizing the need for strategic responses to stabilize performance and drive growth.
Despite challenges, the company demonstrated operational resilience, cost control, and a focus on supporting dealers to navigate industry headwinds and stimulate demand.
With a strong cash position, Marine Products has the financial flexibility to invest in growth opportunities, optimize operations, and enhance market competitiveness for the future.
By leveraging its strengths in operational efficiency and financial discipline, Marine Products can address challenges, capitalize on opportunities, and position itself for sustainable growth and profitability.

Marine Products (MPX) reports Q3 sales decline, focuses on cost management

Marine Products (MPX) faced challenges with a significant decline in sales and profitability in Q3 2024.
Despite the decline, the company maintained strong cash flows and a healthy cash balance, showcasing financial resilience.
Strategic cost management and focus on supporting dealers provide a foundation for navigating market headwinds.
To drive future growth, Marine Products should focus on operational improvements and seizing opportunities for revenue enhancement.

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Marine Products Corp. engages in the design, manufacture, and sale of fiberglass powerboats through its subsidiary. Its products include Vortex, Robalo, and Chaparral. The company was founded on August 31, 2000 and is headquartered in Atlanta, GA.

Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlook remains uncertain as customers are still waiting for more extensive rate cuts. On the other hand, normalizing dealer inventory levels suggests slight optimism for manufacturers. I again estimate the MPX stock to be undervalued, now with a 44% upside into a fair value of $13.97.

Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness

Marine Products Corporation (NYSE:MPX ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning.

Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript

ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.

Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend

KENNESAW, Ga.--(BUSINESS WIRE)--Chaparral and Robalo Boats, in partnership with Yamaha Motor Finance Corporation, U.S.A. (Yamaha Financial Services), are excited to announce a new multi-year exclusive financing agreement. Beginning January 1, 2025, Yamaha Financial Services will become the exclusive provider of dealer inventory finance and the preferred provider of retail finance for both Chaparral and Robalo Boats in the U.S.A. and Canada. By leveraging robust finance programs and protection p.

Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services

ATLANTA , Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 before the market opens. In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, October 24, 2024 at 8:00 a.m.

Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call

The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable.

Marine Products: In The Midst Of A Rough Patch But Still Profitable

Marine Products Corporation (NYSE:MPX ) Q2 2024 Earnings Conference Call July 25, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning.

Marine Products Corporation (MPX) Q2 2024 Earnings Call Transcript

ATLANTA , July 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the second quarter ended June 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.

Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend

ATLANTA , July 10, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, July 25, 2024 at 8:00 a.m.

Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call

MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution.

Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)

Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript

ATLANTA , April 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the first quarter ended March 31, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.

Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend

ATLANTA , April 4, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2024 on Thursday, April 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, April 25, 2024 at 8:00 a.m.

Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call

Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position. The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently. A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX.

The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products

Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript

ATLANTA , Jan. 25, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) ("the Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the fourth quarter and full year ended December 31, 2023. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.

Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend

ATLANTA , Jan. 9, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2023 on Thursday, January 25, 2024 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Thursday, January 25, 2024 at 8:00 a.m.

Marine Products Corporation Announces Date for Fourth Quarter 2023 Financial Results and Conference Call

Marine Products has achieved impressive growth, with revenue growing +10% and EBITDA +20% during the last decade. The company has benefited from a market-leading brand, as well as strong technological development to ensure a highly competitive suite of boats. These factors are underpinned by an extensive dealership. We believe its growth trajectory is sustainable in the medium term, owing to international growth opportunities, economic improvement, and increased interest in recreational boating.

Marine Products: Quiet Compounder And Potential M&A Target

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Marine Products Corporation (NYSE:MPX ) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Mike Schmit - Chief Financial Officer Ben Palmer - President & Chief Executive Officer Jim Landers - Vice President of Corporate Services Conference Call Participants Brandon Rolle - D.A. Davidson Operator Good morning and thank you for joining us for Marine Products Corporation's Third Quarter 2023 Financial Earnings Conference Call.

Marine Products Corporation (MPX) Q3 2023 Earnings Call Transcript

ATLANTA , Oct. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable December 11, 2023 to common stockholders of record at the close of business on November 10, 2023. Marine Products Corporation is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo.

Marine Products Corporation Announces Regular Quarterly Cash Dividend

ATLANTA , Oct. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2023. Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Third Quarter 2023 Financial Results

ATLANTA , Oct. 3, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2023 on Wednesday, October 25, 2023 before the market opens.  In conjunction with its earnings release, the Company will host a conference call to review the Company's financial and operating results on Wednesday, October 25, 2023 at 8:00 a.m.

Marine Products Corporation Announces Date for Third Quarter 2023 Financial Results and Conference Call

Marine Products is a strong candidate for a long-term position due to its strong financial metrics and moderate revenue growth. The company's revenue growth is expected to be maintained as backorders from pandemic-related supply chain constraints are filled. Risks include potential sales dips, adverse weather conditions, and potential negative impact on margins from new boat models.

Marine Products: Strong Financial Metrics, Moderate Revenue Growth

Second-quarter sales for Marine Products Corporation rose 21% from a year ago. Certain components remain difficult for the boat maker to obtain.

News for Marine Products Stock (MPX)