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Marine Products Corporation  (MPX)
Other Ticker:  
 
    Sector  Capital Goods    Industry Ship & Boat Building
 
Price: $10.4900 $0.11 1.060%
Day's High: $10.7246 Week Perf: -1.87 %
Day's Low: $ 10.31 30 Day Perf: -1.96 %
Volume (M): 62 52 Wk High: $ 17.81
Volume (M$): $ 654 52 Wk Avg: $13.19
Open: $10.31 52 Wk Low: $9.18



 Market Capitalization (Millions $) 361
 Shares Outstanding (Millions) 34
 Employees 605
 Revenues (TTM) (Millions $) 383
 Net Income (TTM) (Millions $) 42
 Cash Flow (TTM) (Millions $) 29
 Capital Exp. (TTM) (Millions $) 10

Marine Products Corporation
Marine Products Corporation is a leading manufacturer of fiberglass boats under the brand name Chaparral. The company was founded in 1965 and is headquartered in Atlanta, Georgia. Marine Products primarily focuses on producing high-quality sport boats and cruisers for recreational boating enthusiasts. They have a strong dealer network across the United States and international markets, allowing them to reach a wide customer base.


   Company Address: 2801 BUFORD HIGHWAY NE, SUITE 300 ATLANTA 30329 GA
   Company Phone Number: 321-7910   Stock Exchange / Ticker: NYSE MPX
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
MBUU   -2.89%    
BC   -2.73%    
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Marine Products Corporation

Earnings per Share Plunges at Marine Products Corporation in Fourth Quarter of 2023



Marine Products Corporation (NYSE: MPX) recently announced its financial results for the fourth quarter ending December 31, 2023. The company experienced significant declines in both income per share and profit, with a sharp drop in revenue. This article aims to analyze the financial results and provide insights into the current state of Marine Products Corporation.
Key Points:
1. Income per share and profit plummeted:
- MPX's income per share decreased by 55.1% from $0.34 to $0.15 compared to the previous year.
- Profit, meanwhile, dropped by 49.84%, from $0.30 per share in the previous financial reporting period.
Interpretation: These declining figures indicate a challenging and less profitable period for Marine Products Corporation.

Marine Products Corporation

Marine Products Corporation Reports a Decline in EPS of -11.76% in Recent Fiscal Period, Poses Challenges

Marine Products Corporation Faces Challenges as Fiscal Year Ends
In the most recent fiscal period, Marine Products Corporation (MPX) experienced a decline in income and revenue, raising concerns among investors. The company announced that its income fell by -11.76% of $0.30 per share, compared to $0.34 in the previous year. Furthermore, income dropped by -28.57% from $0.42 per share in the preceding financial reporting period.
The revenue picture was also discouraging, as it crumbled by -22.809% to $77.24 million, down from $100.06 million in the same financial reporting period a year before. Sequentially, revenue tumbled by -33.506% from $116.16 million. These declining figures indicate a challenging market environment for the company.

Marine Products Corporation

Marine Products Corporation Sets New Standard with Stellar Earnings; Outperforms Ship & Boat Building Industry by a Mile!



Marine Products Corporation (MPC), a prominent player in the Ship & Boat Building industry, experienced a slight decline in share value over the past five trading days. However, the company's year-to-date performance remains strong, with a notable growth of 45.41%. Amidst this, MPC recorded impressive financial results in the most recent fiscal period, demonstrating its resilience in a challenging market.
Financial Performance:
1. Revenue Growth Outperforms Industry Peers: MPC's revenue witnessed a significant increase of 21.234% to reach $116.16 million in the recent fiscal period. This growth rate surpasses the industry average, indicating a competitive edge. In comparison, two-thirds of its Ship & Boat Building counterparts reported an average revenue improvement of 5.80% during the same period.

Marine Products Corporation

Very astonishing performance by MPX in the first quarter of 2023 earnings season

Marine Products Corporation is a leading marine transportation company that has been in operation since 1965. The company specializes in the manufacturing of recreational fiberglass boats and engines, as well as the provision of related aftermarket products and services. With a range of offerings, the company has become a trusted player in the market and continues to deliver impressive results.
The recently published first-quarter results of Marine Products Corporation for the 2023 financial year have created ripples in the industry. The company?s revenue soared by 55.216% to $118.91 million, while profitability jumped by 61.9% to $0.34 per share from the similar financial reporting period a year ago. This is a remarkable rise considering many companies across industries have suffered losses or lower revenue due to the COVID-19 pandemic.






 

Marine Products's Segments
 
 
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  Revenue Outlook
Marine Products does not provide revenue guidance.

Earnings Outlook
Marine Products Corporation does not provide earnings estimates.

 
Geographic Revenue Dispersion




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