Marine Products

Marine Products Corp. engages in the design, manufacture, and sale of fiberglass powerboats through its subsidiary. Its products include Vortex, Robalo, and Chaparral . The company was founded on August 31, 2000 and is headquartered in Atlanta, GA.

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Marine Products (MPX) reports record Q4 sales amidst supply challenges

Marine Products (MPX) delivered exceptional financial performance in Q4 2022, driven by record sales and profit growth.
While facing supply chain challenges, the company's strong market position and cash reserves position it well for future growth.
With a focus on managing production constraints and monitoring market demand, Marine Products is poised to capitalize on growth opportunities.

Marine Products (MPX) reports record Q1 earnings amidst market challenges

Marine Products (MPX) delivered outstanding Q1 2023 results, marked by significant revenue growth, improved profitability, and strong operational performance.
While facing challenges related to macroeconomic factors and supply chain optimizations, the company remains well-positioned to capitalize on growth opportunities and drive shareholder value.
Strategic focus on international expansion, financial stability, and operational efficiency will be key for Marine Products to navigate challenges and unlock future growth potential.

Marine Products (MPX) reports strong Q2 earnings, eyes market growth

Marine Products (MPX) delivered robust financial results in Q2 2023, showcasing growth in sales, profit, and market share. Despite concerns over consumer confidence, the company remains confident in its dealer network and preparedness for market dynamics, with a focus on capitalizing on opportunities for growth.

Marine Products Corp adapts to market challenges with innovation

Marine Products Corp faced sales decline but maintained pricing strength in Q3 2023.
Despite challenges, the company's strong market share and product innovation are key strengths.
Navigating market uncertainties and seizing post-show demand opportunities are crucial for future success.

Marine Products Corp. reports Q4 decline, eyes strategic acquisitions

Marine Products Corp. faced a challenging Q4 2023 with significant declines in net sales and gross profit.
Despite the decline, the company is focused on making strategic decisions for long-term growth and considering acquisitions to enhance capabilities.
Opportunities exist for the company to invest strategically and position itself for potential market growth.

Marine Products reports Q1 sales decline, focuses on cost management

Marine Products (MPX) faced a challenging quarter with significant declines in sales and gross profit, leading to lower diluted EPS compared to the previous year.
Despite the hurdles, the company demonstrated resilience through proactive cost management, strong cash position, and a commitment to shareholder value.
Navigating market headwinds, Marine Products aims to capitalize on growth opportunities, streamline operations, and enhance profitability in the future.

Marine Products (MPX) reports Q2 sales decline, focuses on cost management

Marine Products (MPX) faced a tough second quarter with significant sales and profit declines, emphasizing the need for strategic responses to stabilize performance and drive growth.
Despite challenges, the company demonstrated operational resilience, cost control, and a focus on supporting dealers to navigate industry headwinds and stimulate demand.
With a strong cash position, Marine Products has the financial flexibility to invest in growth opportunities, optimize operations, and enhance market competitiveness for the future.
By leveraging its strengths in operational efficiency and financial discipline, Marine Products can address challenges, capitalize on opportunities, and position itself for sustainable growth and profitability.

Marine Products (MPX) reports Q3 sales decline, focuses on cost management

Marine Products (MPX) faced challenges with a significant decline in sales and profitability in Q3 2024.
Despite the decline, the company maintained strong cash flows and a healthy cash balance, showcasing financial resilience.
Strategic cost management and focus on supporting dealers provide a foundation for navigating market headwinds.
To drive future growth, Marine Products should focus on operational improvements and seizing opportunities for revenue enhancement.

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Marine Products Corp. engages in the design, manufacture, and sale of fiberglass powerboats through its subsidiary. Its products include Vortex, Robalo, and Chaparral. The company was founded on August 31, 2000 and is headquartered in Atlanta, GA.

ATLANTA , Oct. 26, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that its Board of Directors declared a 17 percent increase to the regular quarterly cash dividend from $0.12 per share to $0.14 per share payable December 9, 2022 to common stockholders of record at the close of business on November 10, 2022. Marine Products Corporation is a leading manufacturer of fiberglass boats under the brand names Chaparral and Robalo.

Marine Products Corporation Announces 17 Percent Increase to Regular Quarterly Cash Dividend

ATLANTA , Oct. 26, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2022.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Record Financial Results For The Third Quarter 2022

Marine Products Corp. ( MPX , Financial), an Atlanta-based recreational boat manufacturer, showed up on my screen for companies with solid profitability metrics and high returns on invested capital that are trading at cheap price-earnings ratios.

Marine Products Is Trading at Recessionary Lows

ATLANTA , Oct. 5, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2022 on Wednesday, October 26, 2022 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 Wednesday, October 26, 2022 at 8:00 a.m.

Marine Products Corporation Announces Date for Third Quarter 2022 Financial Results and Conference Call

Marine Products Corporation has been doing quite well recently, with sales and profits rising nicely. Shares are also trading at low levels on an absolute basis, but they are pricey compared to similar firms.

Marine Products Stock: Shares Still Offer Upside, But They Aren't The Best Out There

Marine Products Corporation (NYSE:MPX ) Q2 2022 Earnings Conference Call July 27, 2022 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - CFO Jim Landers - VP of Corporate Services Conference Call Participants Fred Wightman - Wolfe Research Operator [Call Started Abruptly] Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer. Also hosting is Jim Landers, Vice President of Corporate Services.

Marine Products Corporation (MPX) CEO Ben Palmer on Q2 2022 Results - Earnings Call Transcript

ATLANTA , July 27, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2022.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Second Quarter 2022 Financial Results

ATLANTA , July 5, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2022 on Wednesday, July 27, 2022 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 Wednesday, July 27, 2022 at 8:00 a.m.

Marine Products Corporation Announces Date for Second Quarter 2022 Financial Results and Conference Call

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.

Marine Products Corporation Announces Leadership Transition

Marine Products Corporation (NYSE:MPX ) Q1 2022 Results Conference Call April 27, 2022 8:00 AM ET Company Participants Rick Hubbell - President and CEO Ben Palmer - CFO Jim Landers - VP, Corporate Services Conference Call Participants Fred Wightman - Wolfe Research Craig Kennison - Baird Operator Good morning, and thank you for joining us for Marine Products Corporation's First Quarter 2022 Financial Earnings Conference Call. Today's call will be hosted by Rick Hubbell, President and CEO; and Ben Palmer, Chief Financial Officer.

Marine Products Corporation (MPX) CEO Rick Hubbell on Q1 2022 Results - Earnings Call Transcript

ATLANTA , April 27, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2022.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports First Quarter 2022 Financial Results

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.

Marine Products Corporation Board of Directors Appoints John F. Wilson as New Director

ATLANTA , April 5, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2022 on Wednesday, April 27, 2022 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 Wednesday, April 27, 2022 at 8:00 a.m.

Marine Products Corporation Announces Date for First Quarter 2022 Financial Results and Conference Call

Marine Products Corporation continued to generate attractive revenue and profits to end its 2021 fiscal year.

Marine Products Stock: Still A Solid Prospect, But Not A Great Prospect

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Marine Products Corp (NYSE: MPX) reported fourth-quarter FY21 sales growth of 7.6% year-on-year, to $76.54 million, beating the consensus of $74.34 million. The company attributed the revenue increase to a 21.1% increase in the average selling price per boat.

Marine Products Q4 Revenue Tops Consensus; Warns On Supply Chain Problems

ATLANTA, Jan. 26, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter and year ended December 31, 2021.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Fourth Quarter 2021 Financial Results

ATLANTA, Jan. 4, 2022 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter and year ended December 31, 2021 on Wednesday, January 26, 2022 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 Wednesday, January 26, 2022 at 8:00 a.m.

Marine Products Corporation Announces Date for Fourth Quarter 2021 Financial Results and Conference Call

ATLANTA, Nov. 15, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will present at the Southwest IDEAS Investor Conference in Dallas on November 18, 2021.  The presentation is scheduled to begin at 4:00 PM ET.

Marine Products Corporation to Present at the Southwest IDEAS Investor Conference

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ATLANTA, Oct. 27, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended September 30, 2021.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Third Quarter 2021 Financial Results

ATLANTA, Oct. 1, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2021 on Wednesday, October 27, 2021 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 Wednesday, October 27, 2021 at 8:00 a.m.

Marine Products Corporation Announces Date for Third Quarter 2021 Financial Results and Conference Call

Marine Products Corporation is a manufacturer of niche boat models.

Marine Products Stock: Boating To Profits

ATLANTA, July 28, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2021.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Second Quarter 2021 Financial Results

ATLANTA, July 6, 2021 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2021 on Wednesday, July 28, 2021 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 Wednesday, July 28, 2021 at 8:00 a.m.

News for Marine Products Stock (MPX)