Marine Products's Suppliers recorded an increase in sales by 14.61 % year on year in Q1 2026, from the previous quarter, sales fell by -4.68 %, Marine Products recorded an increase in cost of sales by 14.58 % year on year, sequentially cost of sales grew by 3.77 % in Q1.
Marine Products's Suppliers recorded an increase in sales by 14.61 % year on year in Q1 2026, from the previous quarter, sales fell by -4.68 %, Marine Products recorded increase in cost of sales by 14.58 % year on year, sequentially cost of sales grew by 3.77 % in Q1.
Marine Products’ two most significant components used in manufacturing its
boats, based on cost, are engines and fiberglass. For each of these, there is
currently an adequate supply available in the market. Marine Products has not
experienced any material shortages in any of these products. Temporary shortages,
when they do occur, usually involve manufacturers of these products adjusting
model mixes, introducing new product lines or limiting production in response
to an industry-wide reduction in boat demand. Marine Products obtains most of
its fiberglass from a leading supplier. Marine Products believes that there are
several alternative suppliers if this supplier fails to provide adequate quality
or quantities at acceptable prices.
Marine Products does not manufacture the engines installed in its boats. Engines
are generally specified by the dealers at the time of ordering, usually on the
basis of anticipated customer preferences or actual customer orders. Sterndrive
engines are purchased through the American Boatbuilders Association (“ABA”),
which has entered into engine supply arrangements with Mercury Marine and Volvo
Penta, the two currently existing suppliers of sterndrive engines. These arrangements
contain incentives and discount provisions, which may reduce the cost of the engines
purchased, if specified purchase volumes are met during specified periods of time.
Although no minimum purchases are required, Marine Products expects to continue
purchasing sterndrive engines through the ABA on a voluntary basis in order to
receive volume-based purchase discounts. Marine Products does not have a long-term
supply contract with the ABA. Marine Products has an outboard engine supply contract
with Yamaha and a jet engine supply contract with BRP US Inc.
Marine Products's Comment on Supply Chain
Marine Products’ two most significant components used in manufacturing its
boats, based on cost, are engines and fiberglass. For each of these, there is
currently an adequate supply available in the market. Marine Products has not
experienced any material shortages in any of these products. Temporary shortages,
when they do occur, usually involve manufacturers of these products adjusting
model mixes, introducing new product lines or limiting production in response
to an industry-wide reduction in boat demand. Marine Products obtains most of
its fiberglass from a leading supplier. Marine Products believes that there are
several alternative suppliers if this supplier fails to provide adequate quality
or quantities at acceptable prices.
Marine Products does not manufacture the engines installed in its boats. Engines
are generally specified by the dealers at the time of ordering, usually on the
basis of anticipated customer preferences or actual customer orders. Sterndrive
engines are purchased through the American Boatbuilders Association (“ABA”),
which has entered into engine supply arrangements with Mercury Marine and Volvo
Penta, the two currently existing suppliers of sterndrive engines. These arrangements
contain incentives and discount provisions, which may reduce the cost of the engines
purchased, if specified purchase volumes are met during specified periods of time.
Although no minimum purchases are required, Marine Products expects to continue
purchasing sterndrive engines through the ABA on a voluntary basis in order to
receive volume-based purchase discounts. Marine Products does not have a long-term
supply contract with the ABA. Marine Products has an outboard engine supply contract
with Yamaha and a jet engine supply contract with BRP US Inc.
MPX's Suppliers Net Income grew by
MPX's Suppliers Net margin grew in Q1 to
17.42 %
11.84 %
MPX's Suppliers Net Income grew by 17.42 %
MPX's Suppliers Net margin grew in Q1 to 11.84 %
Marine Products's Suppliers Sales Growth
in Q1 2026 by Industry
Sources:
Marine Products Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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