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Marine Products Corp - MPX STOCK NEWS

Welcome to our dedicated news page for Marine Products (Ticker: MPX), a resource for investors and traders seeking the latest updates and insights on Marine Products.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marine Products's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marine Products's position in the market.

Rhea-AI Summary
Marine Products (MPX) will release its Q1 2024 financial results on April 25, 2024. The company manufactures high-quality fiberglass boats under the brands Chaparral and Robalo, aiming to enhance market share and financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.61%
Tags
-
Rhea-AI Summary
Marine Products Corporation (NYSE: MPX) reported a 35% decrease in net sales for the fourth quarter of 2023, with net income down 54% and EBITDA down 58% year-over-year. However, full-year 2023 saw a 1% increase in net sales and a 3% increase in net income. The company remains debt-free and paid $19.3 million in dividends in 2023. Management attributes the decline in sales to the normalization of retail demand following the post-COVID sales surge, economic uncertainty, rising interest rates, and higher levels of dealer inventory.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.25%
Tags
dividends earnings
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Rhea-AI Summary
Marine Products Corporation (NYSE: MPX) will release its Q4 2023 financial results on January 25, 2024, followed by a conference call to review the financial and operating results. The company is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo, with a focus on product innovation and a strong independent dealer network.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.55%
Tags
Rhea-AI Summary
Marine Products Corporation (NYSE: MPX) has declared a regular quarterly cash dividend of $0.14 per share payable on December 11, 2023. The dividend will be distributed to common stockholders of record as of November 10, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.4%
Tags
dividends
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Rhea-AI Summary
Marine Products Corporation reports a 22% decrease in net sales for the third quarter of 2023 compared to the same period last year. The decrease in sales is primarily due to a decrease in the number of boats sold, partially offset by an increase in average selling price. Gross profit and operating income also decreased compared to the prior year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.4%
Tags
-
Rhea-AI Summary
Marine Products Corporation will release its Q3 2023 financial results on October 25, 2023 before the market opens. The company will host a conference call to review its financial and operating results at 8:00 a.m. ET. Interested parties can join via telephone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
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dividends
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.89%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.83%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.45%
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conferences
Marine Products Corp

NYSE:MPX

MPX Rankings

MPX Stock Data

383.94M
11.05M
75.57%
15.1%
0.91%
Boat Dealers
Retail Trade
Link
United States
Atlanta

About MPX

marinize products corp is an information technology and services company located in 3986 pembroke rd, hollywood, fl, united states.