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 , July 26, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended June 30, 2023.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Second Quarter 2023 Financial Results

ATLANTA , July 5, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2023 on Wednesday, July 26, 2023 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 26, 2023 at 8:00 a.m.

Marine Products Corporation Announces Date for Second Quarter 2023 Financial Results and Conference Call

Marine Products Corporation has seen significant share price growth recently due to strong financial performance. The company's Q1 2023 revenue increased by 55.2% compared to the previous year, with net income and operating cash flow also improving. Despite potential economic headwinds, the company remains bullish for the rest of 2023, and its current financial position suggests more upside potential.

Marine Products Corporation Can Still Move Higher From Here

Marine Products Corporation shares may rise further due to strong trading trends, robust margins, and favorable demand for boats. The company's customers, who mostly belong to the middle class and above, are less sensitive to price increases and higher interest rates. Normalization in supply chains and a potential slowdown in inflation in the second half of 2023 may support the company's growth.

Marine Products Corporation: Still Strong Trends And Upside Potential

MarineMax

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Better Buy: MarineMax vs. Marine Products Stock

ATLANTA , June 5, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that company management will participate in the Baird 2023 Global Consumer Technology and Services Conference at the InterContinental Barclay in New York. The presentation is scheduled for Tuesday, June 6, 2023, at 4:55 PM Eastern Time.

Marine Products Corporation to Participate in the Baird 2023 Global Consumer Technology and Services Conference

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Marine Products Corporation designs, builds, and sells recreational power boats. The company achieved all-time-high sales of $119 million last quarter.

This Boatmaker Just Increased Profits by 64%. Is the Stock a Buy?

Marine Products Corporation (MPX) Q1 2023 Earnings Call Transcript.

Marine Products Corporation (MPX) Q1 2023 Earnings Call Transcript

ATLANTA , April 26, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2023.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports First Quarter 2023 Financial Results

ATLANTA, April 14, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced that the Company will present at the 26th Annual Burkenroad Reports Investment Conference on Friday, April 28, 2023, at the Ritz Carlton New Orleans. At the time of the conference, the presentation will be posted to our website MarineProductsCorp.com.

Marine Products Corporation to Present at the 26th Annual Burkenroad Investment Conference

ATLANTA , April 4, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2023 on Wednesday, April 26, 2023 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 26, 2023 at 8:00 a.m.

Marine Products Corporation Announces Date for First Quarter 2023 Financial Results and Conference Call

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Marine Products Corporation has had a great run over the past several months, with shares rising nicely due to robust financial performance. All of the data provided by the company so far indicates little to no real weakness on the horizon.

Marine Products Corporation: Still Some Power Behind This Powerboat Business

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Marine Products Corporation (NYSE:MPX ) Q4 2022 Earnings Conference Call January 25, 2023 8:00 AM ET Company Participants Jim Landers - Vice President of Corporate Services Ben Palmer - President and Chief Executive Officer Mike Schmit - Chief Financial Officer Conference Call Participants Craig Kennison - Baird Operator Good morning, and thank you for joining us for Marine Products Corporation's Fourth Quarter and Year End 2022 Financial Earnings Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer.

Marine Products Corporation (MPX) Q4 2022 Earnings Call Transcript

ATLANTA , Jan. 25, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter and year ended December 31, 2022.  Marine Products is a leading manufacturer of fiberglass boats under the brand names of Chaparral and Robalo.

Marine Products Corporation Reports Record Fourth Quarter and Full Year 2022 Financial Results

ATLANTA , Jan. 4, 2023 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter and year ended December 31, 2022 on Wednesday, January 25, 2023 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 25, 2023 at 8:00 a.m.

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

MPX is a shareholder-oriented 395 million market cap company with large insider ownership that has returned 100 million to shareholders in the form of dividends & buybacks in the last. Revenue growth has been consistent and translated into higher cash flow production.

Marine Products Corporation: A Microcap Gem

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Net sales reached all-time highs in the last quarter. Both gross profit and EBITDA margins are also at maximums.

Marine Products Is A Cash Cow

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.

Amy Rollins Kreisler Appointed to the Marine Products Corporation Board of Directors

Marine Products Corporation (NYSE:MPX ) Q3 2022 Earnings Conference Call October 26, 2022 8:00 AM ET Company Participants Jim Landers - Vice President of Corporate Services Ben Palmer - President and Chief Executive Officer Mike Schmit - Chief Financial Officer Conference Call Participants Operator Good morning, and thank you for joining us for Marine Product Corporation's Third Quarter 2022 Financial Earnings Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer.

Marine Products Corporation (MPX) Q3 2022 Earnings Call Transcript

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.

News for Marine Products Stock (MPX)