Welcome to our dedicated page for Marine Products news (Ticker: MPX), a resource for investors and traders seeking the latest updates and insights on Marine Products stock.
Marine Products Corp (MPX) delivers innovative fiberglass powerboats through its Chaparral and Robalo brands, serving recreational and sportfishing markets. This news hub provides investors and industry stakeholders with essential updates about the company's operations and market position.
Access timely press releases covering earnings announcements, product innovations, manufacturing developments, and strategic partnerships. Our curated collection ensures you stay informed about MPX initiatives in marine technology and dealer network expansions without needing to track multiple sources.
Discover updates across key business areas including new boat model launches, quarterly financial results, sustainability initiatives in fiberglass production, and leadership updates. Content is organized for quick scanning while maintaining depth for thorough analysis.
Bookmark this page for convenient access to MPX's latest corporate communications. Check back regularly to monitor how the company navigates evolving marine industry trends through its focused manufacturing strategy and brand-specific market approaches.
Marine Products (NYSE: MPX) reported challenging first quarter 2025 results, with significant year-over-year declines across key metrics. Net sales decreased 15% to $59.0 million, primarily due to a 19% decrease in boat sales volume, partially offset by a 4% price/mix increase. Net income fell 52% to $2.2 million, with diluted EPS of $0.06, down from $0.13 in Q1 2024.
The company's performance reflected ongoing marine industry softness and macro-economic uncertainties. Gross margin declined 160 basis points to 18.6%, while EBITDA dropped 43% to $3.4 million. Despite challenges, MPX maintained a strong financial position with $57.1 million in cash and no debt. The Board declared a quarterly dividend of $0.14 per share, payable June 10, 2025.
Management anticipates taking a conservative approach to 2026 model year introductions and inventory management, citing concerns about potential tariff impacts and economic uncertainty affecting consumer spending.
Marine Products (NYSE: MPX) has scheduled its first quarter 2025 financial results release for Thursday, April 24, 2025 before market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.
Participants can join via telephone using toll-free number (888) 660-6357 or (929) 201-6127 for international callers, with conference ID 9979064. The call will be broadcast and archived for 90 days on the company's investor website.
Marine Products manufactures fiberglass boats under Chaparral and Robalo brands. Their product lineup includes Chaparral's sterndrive models (SSi Sportboats, SSX Luxury Sportboats, SURF Series), outboard offerings (OSX Luxury Sportboats, SSi Outboard Bowriders), and Robalo's outboard sport fishing models (Center Consoles, Dual Consoles, Cayman Bay Boats).
Marine Products (NYSE: MPX) reported its Q4 and full-year 2024 results, showing significant year-over-year declines. Q4 net sales decreased 33% to $47.8 million, while net income fell 21% to $4.3 million with EPS of $0.12. The company's net income margin improved by 120 basis points to 8.9% due to favorable tax items.
For full-year 2024, net sales declined 38% to $236.6 million, with net income of $17.9 million and EPS of $0.50. Despite challenges, MPX maintained strong financial health with $52.4 million in cash and no debt. The decrease in sales was primarily attributed to a 39% reduction in boats sold, partially offset by a 6% positive price/mix effect.
The company continued its dividend payments, including a special dividend of $0.70 per share in Q2 2024, and declared a regular quarterly dividend of $0.14 per share payable March 10, 2025.
Marine Products (NYSE: MPX) has scheduled its fourth quarter 2024 financial results release for Thursday, January 30, 2025, before market opening. The company will host a conference call at 8:00 a.m. Eastern Time on the same day to discuss the results.
Participants can join via telephone using toll-free number (888) 660-6357 or (929) 201-6127 for international callers, with conference ID 9979064. The call will be broadcast and archived for 90 days on the company's investor website.
Marine Products manufactures fiberglass boats under the Chaparral and Robalo brands. Their product line includes Chaparral's sterndrive models (SSi Sportboats, SSX Luxury Sportboats, SURF Series) and outboard offerings (OSX Luxury Sportboats, SSi Outboard Bowriders), as well as Robalo's outboard sport fishing models (Center Consoles, Dual Consoles, Cayman Bay Boats).
Chaparral and Robalo Boats, subsidiaries of Marine Products (NYSE: MPX), have announced an exclusive financing agreement with Yamaha Financial Services, effective January 1, 2025. This multi-year partnership will make Yamaha Financial Services the exclusive provider of dealer inventory finance and the preferred provider of retail finance for both boat brands in the U.S.A. and Canada.
The collaboration aims to enhance the customer experience by offering competitive financing options and protection products. Both Chaparral and Robalo are market leaders in their segments, having received the NMMA CSI Award for Customer Satisfaction for 16 consecutive years. This partnership is expected to drive incremental sales and increase brand loyalty for these premium boat manufacturers.
Marine Products (NYSE: MPX) has announced the release date for its third quarter 2024 financial results. The company will publish its results on Thursday, October 24, 2024, before the market opens. A conference call to review the financial and operating results will be held on the same day at 8:00 a.m. Eastern Time.
Interested parties can participate in the call by dialing (888) 660-6357 (toll-free) or (929) 201-6127 (international) using the conference ID 9979064. The call will also be broadcast and archived for 90 days on the company's investor website. Marine Products manufactures fiberglass boats under the Chaparral and Robalo brands, offering a diverse range of models including sportboats, luxury sportboats, and outboard sport fishing boats.
Marine Products (NYSE: MPX) reported a challenging second quarter 2024, with net sales decreasing 40% year-over-year to $69.5 million. Net income fell 61% to $5.6 million, with diluted EPS at $0.14. The company faced continued weakness in dealer ordering patterns due to high industry-wide channel inventories and soft consumer demand. Despite these challenges, Marine Products maintains a strong financial position with no debt and over $55 million in cash. The company is responding with cost reduction measures, adjusted production schedules, and retail incentives. Looking ahead, Marine Products is preparing for its 2025 model year launch and Chaparral's 60th anniversary celebration at the upcoming August dealer conference.
Marine Products (NYSE: MPX) will release its Q2 2024 financial results on July 25, 2024, before the market opens. The company will host a conference call the same day at 8:00 a.m. ET to discuss the results. Dial toll-free at (888) 660-6357, or (929) 201-6127 for international callers, with conference ID number 9979064. The call will also be webcast and archived on the company's investor website for 90 days. Marine Products manufactures high-quality fiberglass boats under the Chaparral and Robalo brands and aims to increase market share through product innovation and a strong dealer network. Contact CFO Michael L. Schmit or VP of Investor Relations Mark Chekanow for more information.
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