Consumer Cyclical -
Auto - Recreational Vehicles - NYSE - US
$ 7.86
-1.01 %
$ 275 M
Market Cap
15.72
P/E
1. INTRINSIC VALUE
Balance Sheet
Marine Products Corporation
| Current Assets | 110 M |
| Cash & Short-Term Investments | 52.4 M |
| Receivables | 4.18 M |
| Other Current Assets | 53.4 M |
| Non-Current Assets | 61.3 M |
| Long-Term Investments | 0 |
| PP&E | 24.2 M |
| Other Non-Current Assets | 37 M |
| Current Liabilities | 18.9 M |
| Accounts Payable | 5.5 M |
| Short-Term Debt | 0 |
| Other Current Liabilities | 13.4 M |
| Non-Current Liabilities | 23.3 M |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 23.3 M |
EFFICIENCY
Earnings Waterfall
Marine Products Corporation
| Revenue | 237 M |
| Cost Of Revenue | 191 M |
| Gross Profit | 45.5 M |
| Operating Expenses | 27.4 M |
| Operating Income | 18.3 M |
| Other Expenses | 413 K |
| Net Income | 17.9 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Marine Products Corporation
| Net Income | 17.9 M |
| Depreciation & Amortization | 2.79 M |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 0 |
| Others | 29.5 M |
| Free Cash Flow | 29.5 M |
Wall Street Analysts Price Targets
Marine Products Corporation
MPX has no price targets from Wall Street.
4. DIVIDEND
ANALYSIS
1.58%
DIVIDEND YIELD
0.14 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Marine Products Corporation
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Marine Products Corporation Announces Date for First Quarter 2025 Financial Results and Conference Call
ATLANTA , April 3, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the first quarter ended March 31, 2025 on Thursday, April 24, 2025 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 Thursday, April 24, 2025 at 8:00 a.m.
prnewswire.com
- 2 weeks ago
Marine Products Corporation: Attractive If You Can Handle The Bumpy Cruise
Marine Products Corporation faces declining sales and profits, with shares plunging 33.7% despite a strong balance sheet and no debt. The boating industry is struggling due to lower demand, high-interest rates, and post-pandemic inventory issues, impacting Marine Products' revenue and profitability. Tariffs pose additional risks, but the company's robust cash position and potential for recovery justify a cautious 'buy' rating for risk-tolerant investors.
seekingalpha.com
- 2 weeks ago
Marine Products Corporation (MPX) Q4 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX ) Q4 2024 Earnings Call January 30, 2025 8:00 AM ET Company Participants Ben Palmer - President and Chief Executive Officer Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning and thank you for joining us for Marine Products Corporation Fourth Quarter and Year End 2024 Financial Earnings Conference Call.
seekingalpha.com
- 2 months ago
Marine Products Corporation Reports Fourth Quarter And Full Year 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , Jan. 30, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the fourth quarter and full year ended December 31, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.
prnewswire.com
- 2 months ago
Marine Products Corporation Announces Date for Fourth Quarter 2024 Financial Results and Conference Call
ATLANTA , Jan. 7, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, January 30, 2025 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 Thursday, January 30, 2025 at 8:00 a.m.
prnewswire.com
- 3 months ago
iAnthus Provides Update to Litigation Claim
NEW YORK and TORONTO , Dec. 4, 2024 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQB: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, provides an update to the previously disclosed legal proceedings involving Ninth Square Capital Corporation ("Ninth Square"). Ninth Square served a statement of claim on August 8, 2019 against iAnthus, MPX Bioceutical ULC ("MPX ULC"), a wholly-owned subsidiary of iAnthus, and MPX International Corporation ("MPXI") before the Ontario Superior Court of Justice, seeking damages for alleged oppressive conduct relating to an arrangement between iAnthus and MPX Bioceutical Corporation, the predecessor of MPX ULC (such claim, together with all related and consolidated actions, the "Consolidated Claims").
prnewswire.com
- 4 months ago
Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlook remains uncertain as customers are still waiting for more extensive rate cuts. On the other hand, normalizing dealer inventory levels suggests slight optimism for manufacturers. I again estimate the MPX stock to be undervalued, now with a 44% upside into a fair value of $13.97.
seekingalpha.com
- 4 months ago
Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript
Marine Products Corporation (NYSE:MPX ) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning.
seekingalpha.com
- 5 months ago
Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend
ATLANTA , Oct. 24, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release.
prnewswire.com
- 5 months ago
Chaparral and Robalo Boats Form Exclusive Agreement with Yamaha Financial Services
KENNESAW, Ga.--(BUSINESS WIRE)--Chaparral and Robalo Boats, in partnership with Yamaha Motor Finance Corporation, U.S.A. (Yamaha Financial Services), are excited to announce a new multi-year exclusive financing agreement. Beginning January 1, 2025, Yamaha Financial Services will become the exclusive provider of dealer inventory finance and the preferred provider of retail finance for both Chaparral and Robalo Boats in the U.S.A. and Canada. By leveraging robust finance programs and protection p.
businesswire.com
- 6 months ago
Marine Products Corporation Announces Date for Third Quarter 2024 Financial Results and Conference Call
ATLANTA , Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 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 Thursday, October 24, 2024 at 8:00 a.m.
prnewswire.com
- 6 months ago
Marine Products: In The Midst Of A Rough Patch But Still Profitable
The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable.
seekingalpha.com
- 7 months ago
8. Profile
Summary
Marine Products Corporation MPX
COUNTRY
US
INDUSTRY
Auto - Recreational Vehicles
MARKET CAP
$ 275 M
Dividend Yield
1.58%
Description
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. The company offers Chaparral sterndrive pleasure boats, including SSi Sport Boats, SSX Sport Boats, and the Surf Series; Chaparral outboard pleasure boats, which include OSX Luxury Sportboats, and SSi and SSX outboard models; and Robalo outboard sport fishing boats. It also provides center and dual consoles, and Cayman Bay Boats under the Robalo brand name. The company sells its products to a network of 206 domestic and 92 international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia.
Contact
2801 Buford Highway NE, Atlanta, GA, 30329
https://www.marineproductscorp.com
IPO
Date
March 1, 2001
Employees
617
Officers
Mr. Michael L. Schmit CPA
Chief Financial Officer, Vice President, Treasurer & Corporate Secretary
Mr. James C. Landers
Vice President of Corporate Finance
Ms. Sharon A. Lennon
Manager of Investor Relations & Corporate Communications
Mr. Richard A. Hubbell
Executive Chairman
Mr. Ben M. Palmer
President, Chief Executive Officer & Director