MPX
Marine Products Corporation8.80
+0.09+1.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
307.99MP/E (TTM)
23.16Basic EPS (TTM)
0.38Dividend Yield
0.06%Recent Filings
8-K
Merger bonuses approved
Marine Products' compensation committee approved contingent transaction bonuses on March 12, 2026, for its pending merger with MasterCraft—$200,000 for CEO Ben M. Palmer and $100,000 for Michael L. Schmit. Half pays at closing; half 90 days later. Bonuses incentivize execs through the stock-and-cash deal announced February 5.
10-K
FY2025 results
Marine Products posted FY2025 net sales of $244.4M, up 3% y/y from $236.6M, driven by 9% higher average boat prices despite 6% fewer units at 2,354 boats; gross profit edged to $46.8M while operating income fell to $14.0M amid SG&A hikes to $32.7M from merger costs and R&D. Q4 momentum built as field inventory dropped 5% y/y, sales trends strengthened, and production ramped to match demand—backlog hit 766 boats ($68.9M). Cash dipped to $43.5M after $19.6M dividends, yet free cash flow held at $14.9M; revolver untapped. Pending MasterCraft merger caps buybacks, debt. Dealer defaults risk repurchase obligations up to $29.6M.
8-K
MasterCraft acquires Marine Products
MasterCraft agreed to acquire Marine Products for $232.2 million in cash and stock—$2.43 cash plus 0.232 MCFT shares per MPX share—signed February 5, 2026, targeting Q2 close. Deal diversifies brands across performance, leisure, recreation, and fishing, blending coastal-inland dealers while eliminating $6 million in annual overhead. Merger faces shareholder and regulatory risks. Ownership splits 66.5/33.5.
8-K
Marine Products merger announced
Marine Products signed a merger agreement with MasterCraft on February 5, 2026, for a stock-and-cash deal: 0.232 MasterCraft shares plus $2.43 cash per share. Specified stockholders holding 69.1% of shares pledged votes in favor. MasterCraft adds three Marine Products directors; $11.6M termination fee applies. Closing needs HSR clearance, shareholder votes.
8-K
Nix retires; dividend declared
Marine Products Corporation disclosed that director Jerry W. Nix won't seek reelection at the 2026 annual meeting but will serve through his term as Lead Independent Director and key committee chairs—no disagreements noted. Separately, the board declared a regular quarterly cash dividend of $0.14 per share, payable March 10 to holders of record February 10. Steady payout persists.
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