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.

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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.

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As consumer prices increase in May at a pace not seen since 2008, five vehicles and parts companies as of Thursday with high financial strength and profitability are America's Car-Mart Inc. ( CRMT , Financial), Fox Factory Holding Corp. ( FOXF , Financial), Marine Products Corp. ( MPX , Financial), Standard Motor Products Inc. ( SMP , Financial) and XPEL Inc. ( XPEL , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

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ATLANTA, April 28, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a 20 percent increase to the regular quarterly cash dividend from $0.10 per share to $0.12 per share payable June 10, 2021 to common stockholders of record at the close of business on May 10, 2021.  Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex.

Marine Products Corporation Announces 20 Percent Increase in Regular Quarterly Cash Dividend

ATLANTA, April 28, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2021.  Marine Products is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex.

Marine Products Corporation Reports First Quarter 2021 Financial Results

ATLANTA, April 6, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2021 on Wednesday, April 28, 2021 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, April 28, 2021 at 8:00 a.m.

Marine Products Corporation Announces Date for First Quarter 2021 Financial Results and Conference Call

Marine Products (MPX) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Is Marine Products (MPX) a Solid Growth Stock? 3 Reasons to Think " Yes "

Marine Products (MPX) delivered earnings and revenue surprises of 23.53% and 10.25%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Marine Products (MPX) Beats Q4 Earnings and Revenue Estimates

Shares of Marine Prods (NYSE:MPX) rose 3.5% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share were up 110.00% year over year to $0.21, which beat the estimate of $0.17.

Recap: Marine Products Q4 Earnings

ATLANTA, Jan. 27, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a 25 percent increase to the regular quarterly cash dividend from $0.08 per share to $0.10 per share payable March 10, 2021 to common stockholders of record...

Marine Products Corporation Announces 25 Percent Increase in Regular Quarterly Cash Dividend

ATLANTA, Jan. 27, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter and year ended December 31, 2020. Marine Products is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's...

Marine Products Corporation Reports Fourth Quarter 2020 Financial Results

ATLANTA, Jan. 8, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2020 on Wednesday, January 27, 2021 before the market opens. In conjunction with its earnings release, the...

Marine Products Corporation Announces Date for Fourth Quarter 2020 Financial Results and Conference Call

ATLANTA, Dec. 15, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) today announced the appointment of Patrick J. Gunning to the Board of Directors of the Company effective January 1, 2021. Gunning is the Chief Financial Officer of the Robert W. Woodruff Arts Center, Inc. in...

Marine Products Corporation Board of Directors Appoints New Director Patrick J. Gunning

ATLANTA, Dec. 15, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) today announced the appointment of Susan Bell to the Board of Directors of the Company effective January 1, 2021. Bell recently retired from Ernst and Young LLP (EY) after a 36-year career in public accounting,...

Marine Products Corporation Board of Directors Appoints New Director Susan Bell

Marine Products (MPX) delivered earnings and revenue surprises of -9.52% and -5.25%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Marine Products (MPX) Q3 Earnings and Revenues Miss Estimates

ATLANTA, Oct. 28, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2020. Marine Products is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's...

Marine Products Corporation Reports Third Quarter 2020 Financial Results

ATLANTA, Oct. 28, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.08 per share. In addition, the Board declared a special year-end cash dividend of $0.04 per share. Both dividends...

Marine Products Corporation Announces Regular Quarterly Cash Dividend and Special Year-End Cash Dividend

Marine Products (MPX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Marine Products (MPX) Stock

Marine Products (MPX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Marine Products (MPX) Q3 Earnings Expected to Decline

ATLANTA, Oct. 7, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2020 on Wednesday, October 28, 2020 before the market opens. In conjunction with its earnings release, the...

Marine Products Corporation Announces Date for Third Quarter 2020 Financial Results and Conference Call

ATLANTA, Oct. 1, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that during the third quarter of 2020 it purchased 97,940 shares under its share repurchase program. Marine Products Corporation (NYSE: MPX) is a leading manufacturer of fiberglass boats under...

Marine Products Corporation Announces Third Quarter 2020 Share Repurchases

Marine Products (MPX) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

Marine Products (MPX) Jumps: Stock Rises 8.8%

ATLANTA, Aug. 26, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) today announced yesterday's appointment of Gary W.

Marine Products Corporation Board of Directors Appoints Gary W. Rollins as Chairman of the Board and New Directors Harry J.

ATLANTA, Aug. 18, 2020 /PRNewswire/ -- With deep sadness, Marine Products Corporation (NYSE: MPX) announced today the passing of R.

Marine Products Corporation Announces the Passing of its Chairman of the Board, R. Randall Rollins, Sr.

Marine Products (MPX) delivered earnings and revenue surprises of 66.67% and 28.64%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Marine Products Stock (MPX)