Marine Products Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 70.87 million compared to USD 108.51 million a year ago. Net income was USD 5.42 million compared to USD 11.86 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.35 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.35 a year ago.
For the full year, sales was USD 383.73 million compared to USD 381 million a year ago. Net income was USD 41.7 million compared to USD 40.35 million a year ago. Basic earnings per share from continuing operations was USD 1.21 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 1.21 compared to USD 1.18 a year ago.