Every 10-Q that Marine Products Corp. (MPX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MPX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MPX filings page.
Marine Products Corporation reported higher sales but a quarterly loss as it moves toward a planned merger with MasterCraft. Net sales for the three months ended March 31, 2026 rose 12.8% to $66.5 million, driven mainly by a 15% increase in price/mix while unit boat sales slipped 1%.
The company recorded a net loss of $2.1 million, or $0.06 per diluted share, compared with net income of $2.2 million, or $0.06 per share, a year earlier. Results were significantly impacted by $5.0 million in merger-related costs, which turned operating income of $2.6 million in the prior-year period into an operating loss of $2.7 million. Adjusted EBITDA, which excludes these merger expenses, was $3.0 million versus $3.4 million a year ago.
Marine Products ended the quarter with $45.8 million in cash and cash equivalents and no borrowings under its $20.0 million revolving credit facility, while generating $9.1 million in operating cash flow. The company continues to pay a quarterly dividend of $0.14 per share, with a new dividend declared for payment in May 2026.
Under the February 2026 merger agreement, each Marine Products share will be converted at closing into 0.232 shares of MasterCraft common stock plus $2.43 in cash, subject to shareholder approvals and other customary conditions. The company also notes new risk disclosures around elevated fuel prices and geopolitical tensions affecting boating demand and input costs.
Marine Products Corporation (MPX) filed its Q3 2025 report, showing steadier demand and higher pricing. Net sales were $53.1 million (up 6.6% year over year) driven by a 7% price/mix increase, while units were slightly lower. Gross profit reached $10.2 million and operating income was $2.9 million. Net income was $2.7 million, or $0.07 per diluted share.
For the nine months, net sales were $179.8 million versus $188.7 million last year, with net income of $9.0 million and diluted EPS of $0.25. Operating cash flow totaled $11.7 million. Cash and equivalents were $47.4 million with no borrowings under the $20.0 million revolving credit facility. Inventories were $61.5 million as field inventory normalized. Domestic Q3 sales were $51.2 million and international $1.9 million.
The company implemented the OBBBA provisions, decreasing deferred tax assets by about $3.5 million with no impact on the quarter’s tax provision. The Board declared a regular cash dividend of $0.14 per share payable December 10, 2025. Shares outstanding were 34,999,034 as of October 24, 2025.