DA Davidson initiated coverage on Marine Products with a new price target
$MPX
Marine Transportation
Industrials
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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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/23/2023 | $16.00 | Neutral | DA Davidson |
ATLANTA, April 24, 2025 /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, 2025. * 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:24 unless stated otherwise. First Quarter 2025 Results Net sales decreased 15% year-over-year to $59.0 millionNet income was $2.2 million, down 52% year-over-year, and diluted Earnings Per Share (EPS) was $0.06; Net income margin decreased 290 basis points to 3.7%Earnin
ATLANTA, April 3, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2025 on Thursday, April 24, 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, April 24, 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 and a
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, April 24, 2025 /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, 2025. * 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:24 unless stated otherwise. First Quarter 2025 Results Net sales decreased 15% year-over-year to $59.0 millionNet income was $2.2 million, down 52% year-over-year, and diluted Earnings Per Share (EPS) was $0.06; Net income margin decreased 290 basis points to 3.7%Earnin
ATLANTA, April 3, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2025 on Thursday, April 24, 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, April 24, 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 and a
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, 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
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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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