Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. It offers Chaparral sterndrive pleasure boats, including SSi Sport, Ski and Fish Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats within the SSi and SSX, SunCoast, and OSX Sport Luxury models; Robalo outboard sport fishing boats; and Vortex jet boats under the Chaparral brand. The company also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. As of February 26, 2021, it sells its products to a network of 147 domestic and 46 international independent authorized dealers. The company was founded in 1965 and is based in Atlanta, Georgia.
IPO Year: 2001
Exchange: NYSE
Website: marineproductscorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2023 | $16.00 | Neutral | DA Davidson |
ATLANTA, Jan. 30, 2025 /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, 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. * All comparisons are year-over-year to 4Q:23 unless stated otherwise. Fourth Quarter 2024 Results Net sales decreased 33% year-over-year to $47.8 millionNet income was $4.3 million, down 21% year-over-year, and diluted Earnings Per Share (EPS) was $0.12; Net income margin increased 120 basis poi
ATLANTA, Jan. 7, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE:MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, January 30, 2025 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 30, 2025 at 8:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast
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. * All comparisons are year-over-year to 3Q:23 unless stated otherwise. Third Quarter 2024 Results Net sales decreased 36% year-over-year to $49.9 millionNet income was $3.4 million, down 67% year-over-year, and diluted Earnings Per Share (EPS) was $0.10; net income margin decreased 660 basis points to 6.8%Ear
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast
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. * All comparisons are year-over-year to 2Q:23 unless stated otherwise. Second Quarter 2024 Highlights Net sales decreased 40% year-over-year to $69.5 millionNet income was $5.6 million, down 61% year-over-year and diluted Earnings Per Share (EPS) was $0.14; net income margin decreased 430 basis points to 8.0%Earn
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast and ar
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. * All comparisons are year-over-year to 1Q:23 unless stated otherwise. First Quarter 2024 Highlights Net sales decreased 42% year-over-year to $69.3 millionNet income was $4.6 million, down 60% year-over-year, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 310 basis points to 6.6%Ear
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast and
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.* All comparisons are year-over-year (versus 4Q:22) unless stated otherwise. Fourth Quarter 2023 Highlights Net sales decreased 35% year-over-year to $70.9 millionNet income was $5.4 million, down 54% year-over-year, and diluted earnings per share (EPS) was $0.16; net income margin decreased 320 b
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join via telephone, the call also will be broadc
DA Davidson initiated coverage of Marine Products with a rating of Neutral and set a new price target of $16.00
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ATLANTA, Jan. 30, 2025 /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, 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. * All comparisons are year-over-year to 4Q:23 unless stated otherwise. Fourth Quarter 2024 Results Net sales decreased 33% year-over-year to $47.8 millionNet income was $4.3 million, down 21% year-over-year, and diluted Earnings Per Share (EPS) was $0.12; Net income margin increased 120 basis poi
ATLANTA, Jan. 7, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE:MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, January 30, 2025 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 30, 2025 at 8:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast
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. * All comparisons are year-over-year to 3Q:23 unless stated otherwise. Third Quarter 2024 Results Net sales decreased 36% year-over-year to $49.9 millionNet income was $3.4 million, down 67% year-over-year, and diluted Earnings Per Share (EPS) was $0.10; net income margin decreased 660 basis points to 6.8%Ear
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 products, Yamaha Financial Services is dedicated to providing the best dealer and customer experience in the industry. "We've been a successful boat builder for so many years because of our partnerships, and this agreement with Yama
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast
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. * All comparisons are year-over-year to 2Q:23 unless stated otherwise. Second Quarter 2024 Highlights Net sales decreased 40% year-over-year to $69.5 millionNet income was $5.6 million, down 61% year-over-year and diluted Earnings Per Share (EPS) was $0.14; net income margin decreased 430 basis points to 8.0%Earn
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast and ar
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. * All comparisons are year-over-year to 1Q:23 unless stated otherwise. First Quarter 2024 Highlights Net sales decreased 42% year-over-year to $69.3 millionNet income was $4.6 million, down 60% year-over-year, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 310 basis points to 6.6%Ear
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. Eastern Time. Individuals wishing to participate in the conference call should dial toll-free (888) 660-6357, or (929) 201-6127 for international callers, and use conference ID number 9979064. For interested individuals unable to join by telephone, the call also will be broadcast and
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.* All comparisons are year-over-year (versus 4Q:22) unless stated otherwise. Fourth Quarter 2023 Highlights Net sales decreased 35% year-over-year to $70.9 millionNet income was $5.4 million, down 54% year-over-year, and diluted earnings per share (EPS) was $0.16; net income margin decreased 320 b
ATLANTA, Oct. 31, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE:MPX) announced today the appointment of Amy Rollins Kreisler to the Board of Directors of the Company. Kreisler holds an English Degree from Hollins University and a Law Degree from The College of William and Mary Law School and is a former attorney of the law firm Arnall Golden and Gregory LLP. Mrs. Kreisler is a Trustee on The Lovett School Board of Trustees and also serves on the Executive Committee. She is also a member of the Dean's Council at the Rollins School of Public Health at Emory University. Additionally, she is Executive Director of the O. Wayne Rollins Foundation and a Trustee of the Ma-Ran Foundation.
ATLANTA, May 17, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE:MPX) today announced several changes within its senior leadership team and among its Board of Directors. Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series. Chaparral's outboard offerings include OSX Luxury Sportboats, and SSi and SSX outboard models. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models.
ATLANTA, April 26, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE:MPX) today announced the appointment of John F. Wilson to the Board of Directors of the Company effective April 26, 2022. Wilson is the Vice Chairman of Rollins, Inc. and has previously served as President and Chief Operating Officer of Rollins. Prior to that role he served as Vice President, and then President, of Orkin, LLC. In addition to his new role as a Marine Products Corporation director, he is currently a director at Rollins, Inc. and is concurrently joining the Board of RPC, Inc. He will b
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 Atlanta, Georgia. Previously he held multiple leadership roles during his 40 years in public accounting prior to retirement from Ernst & Young LLP (EY) in 2020. These positions included Partner at EY, Southeast Region Leader of the Financial Accounting Advisory Services (FAAS) at EY, Assurance leader and Audit Partner for EY, Partner and Assurance Division Leader with Arthur Andersen LLP, and numerous add
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, serving in key leadership roles. She served clients as an audit and advisory partner, led the EY Southeast Risk Advisory practice, served as the Atlanta Office Managing Partner and led EY's Power & Utilities sector focus in the Global Financial Accounting Advisory Services (FAAS) practice. Bell led and advised client service teams supporting implementation of new accounting standards, internal controls
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
10-Q - MARINE PRODUCTS CORP (0001129155) (Filer)
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
10-Q - MARINE PRODUCTS CORP (0001129155) (Filer)
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10-Q - MARINE PRODUCTS CORP (0001129155) (Filer)
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)