Marine Products Corporation
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
Recent Analyst Ratings for Marine Products Corporation
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/23/2023 | $16.00 | Neutral | DA Davidson |
Marine Products Corporation Press Releases
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Marine Products Corporation Reports Fourth Quarter And Full Year 2024 Financial Results And Declares Regular Quarterly Dividend
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
Marine Products Corporation Announces Date for Fourth Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
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 Form Exclusive Agreement with Yamaha Financial Services
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
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
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
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend
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
Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend
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
Marine Products Corporation Analyst Ratings
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DA Davidson initiated coverage on Marine Products with a new price target
DA Davidson initiated coverage of Marine Products with a rating of Neutral and set a new price target of $16.00
Marine Products Corporation Insider Trading
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
President and CEO Palmer Ben M covered exercise/tax liability with 781 units of Common Stock $.10 Par Value and was granted 83,100 units of Common Stock $.10 Par Value, increasing direct ownership by 18% to 538,535 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
CFO and Corporate Secretary Schmit Michael was granted 23,520 units of Common Stock $.10 Par Value, increasing direct ownership by 64% to 60,114 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
Executive Chairman of Board Hubbell Richard A was granted 42,720 shares and covered exercise/tax liability with 967 shares, increasing direct ownership by 3% to 1,285,456 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
CFO and Corporate Secretary Schmit Michael covered exercise/tax liability with 2,855 units of Common Stock $.10 Par Value, decreasing direct ownership by 7% to 36,594 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
President and CEO Palmer Ben M covered exercise/tax liability with 8,810 units of Common Stock $.10 Par Value, decreasing direct ownership by 2% to 456,216 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
Executive Chairman of Board Hubbell Richard A covered exercise/tax liability with 6,075 shares, decreasing direct ownership by 0.49% to 1,243,703 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
Executive Chairman of Board Hubbell Richard A covered exercise/tax liability with 5,537 shares, decreasing direct ownership by 0.44% to 1,249,778 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
President and CEO Palmer Ben M covered exercise/tax liability with 852 shares and covered exercise/tax liability with 8,026 units of Common Stock $.10 Par Value, decreasing direct ownership by 2% to 465,026 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
CFO and Corporate Secretary Schmit Michael covered exercise/tax liability with 2,416 shares, decreasing direct ownership by 6% to 39,449 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
Director Rollins Gary W gifted 904 shares, decreasing direct ownership by 0.12% to 731,150 units (SEC Form 4)
4 - MARINE PRODUCTS CORP (0001129155) (Issuer)
Marine Products Corporation SEC Filings
SEC Form DEFA14A filed by Marine Products Corporation
DEFA14A - MARINE PRODUCTS CORP (0001129155) (Filer)
SEC Form DEFA14A filed by Marine Products Corporation
DEFA14A - MARINE PRODUCTS CORP (0001129155) (Filer)
SEC Form DEF 14A filed by Marine Products Corporation
DEF 14A - MARINE PRODUCTS CORP (0001129155) (Filer)
Amendment: SEC Form SCHEDULE 13D/A filed by Marine Products Corporation
SCHEDULE 13D/A - MARINE PRODUCTS CORP (0001129155) (Subject)
SEC Form 10-K filed by Marine Products Corporation
10-K - MARINE PRODUCTS CORP (0001129155) (Filer)
SEC Form PRE 14A filed by Marine Products Corporation
PRE 14A - MARINE PRODUCTS CORP (0001129155) (Filer)
Marine Products Corporation filed SEC Form 8-K: Leadership Update
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
Marine Products Corporation filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Leadership Update, Financial Statements and Exhibits
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
Marine Products Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits
8-K - MARINE PRODUCTS CORP (0001129155) (Filer)
SEC Form 10-Q filed by Marine Products Corporation
10-Q - MARINE PRODUCTS CORP (0001129155) (Filer)
Marine Products Corporation Leadership Updates
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Amy Rollins Kreisler Appointed to the Marine Products Corporation Board of Directors
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.
Marine Products Corporation Announces Leadership Transition
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.
Marine Products Corporation Board of Directors Appoints John F. Wilson as New Director
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
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 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
Marine Products Corporation Board of Directors Appoints New Director Susan Bell
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
Marine Products Corporation Financials
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Marine Products Corporation Reports Fourth Quarter And Full Year 2024 Financial Results And Declares Regular Quarterly Dividend
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
Marine Products Corporation Announces Date for Fourth Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
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
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Second Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
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
Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend
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
Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference Call
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
Marine Products Corporation Reports Fourth Quarter And Full Year 2023 Financial Results And Declares Regular Quarterly Cash Dividend
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
Marine Products Corporation Announces Date for Fourth Quarter 2023 Financial Results and Conference Call
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
Marine Products Corporation Large Ownership Changes
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SEC Form SC 13D/A filed by Marine Products Corporation (Amendment)
SC 13D/A - MARINE PRODUCTS CORP (0001129155) (Subject)
SEC Form SC 13D/A filed by Marine Products Corporation (Amendment)
SC 13D/A - MARINE PRODUCTS CORP (0001129155) (Subject)