MPX
Marine Products Corporation8.80
+0.09+1.03%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '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
Q3 sales up, profits dip
Marine Products posted Q3 net sales of $53.1M, up 7% on price/mix gains despite fewer boats sold, but net income fell 22% to $2.7M from R&D hikes and cost true-ups. Gross margin rose to 19.2% via better absorption; cash hit $47.4M, debt-free. Field inventory dropped 6%. Dividend steady at $0.14/share.
10-Q
Q3 FY2025 results
Marine Products posted Q3 net sales of $53.1M, up 6.6% y/y from $49.9M on 7% price/mix gains despite flat boat units at 494; YTD sales fell 4.7% y/y to $179.8M from lower volume. Gross profit climbed to $10.2M (19.2% margin) from $9.2M, yet operating income dipped to $2.9M from $3.6M as SG&A rose 30.5% y/y to $7.4M on R&D and warranty costs; diluted EPS landed at $0.07, matching 34,082 diluted shares with anti-dilution from participating securities. Cash holds steady at $47.4M, revolver ($20M available) unused in covenant compliance, free cash flow $10.8M YTD (derived). No debt weighs light. Dealer floorplan repurchase limits hit $39.6M.
8-K
Q2 sales down 3%, cash strong
Marine Products reported Q2 net sales of $67.7 million, down 3% year-over-year due to 13% fewer boats sold, offset by 10% higher prices; net income fell 25% to $4.2 million. Field inventory dropped 11% from last year. Balance sheet shines: $50.2 million cash, zero debt. Declared $0.14 quarterly dividend.
10-Q
Q2 FY2025 results
Marine Products posted Q2 net sales of $67.7M, down 2.7% y/y from $69.5M yet propped by 10% price/mix gains against 13% unit drop to 641 boats; gross margin held steady at 19.1% (derived). Operating income fell to $4.8M from $5.8M y/y, diluted EPS $0.12 vs $0.14—reconciles to 34,068 diluted shares with minor participating security adjustment. YTD sales slid 8.8% to $126.7M, operating income $7.4M (-32.5% y/y), cash $50.2M after $9.2M OCF less $0.5M capex; $20M revolver undrawn, covenants met. No debt. Dealer floorplan repurchase risk lingers at $39.8M.
8-K
Kolstad joins MPX board
Marine Products Corporation appointed Gary Kolstad as an independent director on July 14, 2025. Kolstad brings board and CEO experience from public and private firms, plus a petroleum engineering background. He'll receive standard non-employee director pay, with no committee role yet. Chairman Hubbell eyes his future input.
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