Marine Products Corporation

MPX

US5684271084

Recreational Products

Market Closed - Nyse Other stock markets 04:00:02 2024-05-03 pm EDT			5-day change	1st Jan Change
11.46 ^USD	+0.70%		-0.35%	+0.53%

Apr. 25	Transcript : Marine Products Corporation, Q1 2024 Earnings Call, Apr 25, 2024
Apr. 25	Earnings Flash (MPX) MARINE PRODUCTS CORPORATION Posts Q1 Revenue $69.3M	MT

Marine Products Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

October 25, 2023 at 06:50 am EDT

Marine Products Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 77.79 million compared to USD 100.06 million a year ago. Net income was USD 10.4 million compared to USD 11.47 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to USD 0.34 a year ago. Diluted earnings per share from continuing operations was USD 0.3 compared to USD 0.34 a year ago.
For the nine months, sales was USD 312.86 million compared to USD 272.49 million a year ago. Net income was USD 36.27 million compared to USD 28.49 million a year ago. Basic earnings per share from continuing operations was USD 1.05 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 1.05 compared to USD 0.83 a year ago.

Latest news about Marine Products Corporation

Transcript : Marine Products Corporation, Q1 2024 Earnings Call, Apr 25, 2024	Apr. 25
Earnings Flash (MPX) MARINE PRODUCTS CORPORATION Posts Q1 Revenue $69.3M	Apr. 25	MT
Earnings Flash (MPX) MARINE PRODUCTS CORPORATION Posts Q1 EPS $0.13	Apr. 25	MT
Marine Products Corporation Declares Special Dividend, Payable on June 10, 2024	Apr. 25	CI
Marine Products Corporation Declares Regular Quarterly Dividend, Payable on June 10, 2024	Apr. 25	CI
Marine Products Corporation Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 25	CI
North American Morning Briefing : More Tech -2-	Apr. 25	DJ
South Korea Producer Prices Rise at Faster Rate of 1.6% in March	Apr. 23	MT
South Korea’s Export Price Index Increases 0.4% in March	Apr. 16	MT
South Korean Shares Close Lower on Profit-Taking; LG Chem Adds 2% on Newly Secured Deal in Morocco	Mar. 22	MT
South Korea Reports Higher Producer Prices in February	Mar. 21	MT
South Korean Shares Slightly Dip Amid Focus on January FOMC Meeting Minutes	Feb. 21	MT
South Korea Reports Higher Producer Prices in January	Feb. 20	MT
Nissui Corp.’s Attributable Profit Climbs 9.2% in Fiscal Nine Months	Feb. 07	MT
Groupe Berkem to Buy Spanish Industrial Site from Givaudan	Feb. 06	MT
Transcript : Marine Products Corporation, Q4 2023 Earnings Call, Jan 25, 2024	Jan. 25
Earnings Flash (MPX) MARINE PRODUCTS CORPORATION Reports Q4 Revenue $70.9M	Jan. 25	MT
Marine Products Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Jan. 25	CI
Marine Products Corporation Declares Regular Quarterly Cash Dividend, Payable on March 11, 2024	Jan. 25	CI
North American Morning Briefing :Stock Futures Steady Ahead of GDP Report; More Earnings in Focus Too	Jan. 25	DJ
South Korea’s Producer Prices Accelerate in December 2023	Jan. 23	MT
South Korean Shares Climb on Wall Street's Overnight Gains	Jan. 23	MT
South Korea's Producer Prices Rise 1.2% in December 2023	Jan. 22	MT
South Korean Shares Close Lower on Profit-Taking Ahead of Christmas	Dec. 21	MT
South Korea's Producer Prices Rise 0.6% in November	Dec. 20	MT

Chart Marine Products Corporation

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Company Profile

Marine Products Corporation is a manufacturer of fiberglass boats. The Company offers a range of products to the family recreational markets through its Chaparral brands and to the sport fishing market through its Robalo brands. The Company manufactures Chaparral sterndrive pleasure boats including SSi and SSX models, and the Chaparral Surf Series. It also manufactures Chaparral outboard pleasure boats which include OSX Luxury Sportboats and SSi outboard models. Its product line includes Chaparral - SSi Sport Boats, Chaparral - SSX Sport Boats, Chaparral - Surf Series, Chaparral - OSX Sport Boats, Robalo - Center Consoles, Robalo - Cayman Bay Boats and Robalo - Dual Consoles. The Company sells its products through approximately 203 domestic independent authorized dealers, consisting of 64 Chaparral dealers, 49 Robalo dealers and 90 dealers that sell both brands located in markets throughout the United States. The Company also sells its products through around 87 international dealers.

Sector

Recreational Products

Calendar

2024-05-08 - Ex-dividend day

Related indices

Russell 2000

More about the company

Income Statement Evolution

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

11.46 USD

Average target price

11 USD

Spread / Average Target

-4.01%

Consensus

Quarterly earnings - Rate of surprise

Company calendar

Sector Sailing Yachts & Motorboats

	1st Jan change	Capi.
MARINE PRODUCTS CORPORATION	+0.53%	397M
SANLORENZO S.P.A.	-2.95%	1.54B
BÉNÉTEAU	-1.44%	1.08B
FERRETTI S.P.A.	-4.64%	1.02B
MALIBU BOATS, INC.	-40.46%	667M
THE ITALIAN SEA GROUP S.P.A.	+14.95%	540M
MASTERCRAFT BOAT HOLDINGS, INC.	-11.44%	342M
FOUNTAINE PAJOT	+12.66%	228M
HANSEYACHTS AG	+3.91%	54.61M
GRAND BANKS YACHTS LIMITED	+20.97%	51.31M

Sailing Yachts & Motorboats