Marine Products Corporation
Description
Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sport boat and sport fishing 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 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 domestic and international independent authorized dealers. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products Corporation operates as a subsidiary of LOR, Inc.
About
CEO
Mr. Ben M. Palmer
Employees
690
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Recreational Vehicles
MIC code
XNYS
Address
2801 Buford Highway NE, Atlanta, GA 30329, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 22, 2025 | — | — | — | — |
| Jul 23, 2025 | — | — | — | — |
| Apr 23, 2025 | — | — | — | — |
| Jan 30, 2025 | 0.05 | 0.12 | 0.07 | 140.00% |
| Oct 24, 2024 | 0.08 | 0.10 | 0.02 | 25.00% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Mar 2025)
|
Current Year
(Dec 2025)
|
Next Year
(Dec 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 0 | 0 | 1 | 0 |
| Average estimate | 0.00 | 0.00 | 0.50 | 0.00 |
| Low estimate | 0.00 | 0.00 | 0.50 | 0.00 |
| High estimate | 0.00 | 0.00 | 0.50 | 0.00 |
| Last year EPS | — | — | 0.51 | 0.50 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
—
Next qtr. (Mar 2025)
—
Current year (Dec 2025)
-2.190%
Next year (Dec 2026)
—
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 383.73M | 381.00M | 298.01M | 239.83M | 292.14M |
| Cost of revenue | 293.35M | 287.28M | 229.74M | 186.22M | 226.74M |
| Gross profit | 90.38M | 93.72M | 68.27M | 53.61M | 65.39M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 43.21M | 41.92M | 31.88M | 29.24M | 31.26M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 47.17M | 51.80M | 36.39M | 24.36M | 34.14M |
| Non operating interest income | |||||
| Income | 2.86M | 338,000 | 16,000 | 95,000 | 323,000 |
| Expense | — | — | — | — | — |
| Other income expense | 2.04M | — | — | — | — |
| Pretax income | 52.06M | 52.13M | 36.41M | 24.46M | 34.46M |
| Tax provision | 10.37M | 11.79M | 7.38M | 5.01M | 6.22M |
| Net income | 41.70M | 40.35M | 29.03M | 19.44M | 28.24M |
| Basic EPS | 1.21 | 1.18 | 0.85 | 0.57 | 0.83 |
| Diluted EPS | 1.21 | 1.18 | 0.85 | 0.57 | 0.83 |
| Basic average shares | 33.61M | 34.18M | 33.98M | 33.93M | 34.06M |
| Diluted average shares | 33.61M | 34.18M | 33.98M | 33.93M | 34.06M |
| EBITDA | 47.55M | 53.70M | 38.21M | 26.32M | 36.23M |
| Net income from continuing op. | 41.70M | 40.35M | 29.03M | 19.44M | 28.24M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 999,000 | 858,000 | 566,000 | 416,000 | 669,000 |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 193.80M | 163.72M | 132.84M | 119.42M | 104.76M |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 71.95M | 43.17M | 14.10M | 31.57M | 19.80M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 1.35M | 4.05M | 2.45M | 3.25M | 2.32M |
| Other receivables | 1.14M | 1.31M | 820,000 | 1.47M | 4.31M |
| Inventory | 61.61M | 73.02M | 73.26M | 42.31M | 41.55M |
| Prepaid assets | — | — | 2.47M | 1.95M | 2.06M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 2.85M | 3.44M | 2.47M | 1.95M | 2.06M |
| Non current assets | |||||
| Properties | 15.87M | 14.29M | 13.46M | 12.92M | 11.89M |
| Land and improvements | 1.02M | 895,000 | 878,000 | 878,000 | 878,000 |
| Machinery furniture equipment | 12.28M | 11.27M | 10.64M | 10.24M | 9.73M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -32.79M | -33.06M | -31.88M | -30.07M | -28.26M |
| Goodwill | 7.08M | 7.08M | 7.08M | 7.08M | 7.08M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 465,000 | 465,000 | 465,000 | 465,000 | 465,000 |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 12.95M | 10.10M | 21.59M | 20.18M | 15.27M |
| Total liabilities | 42.21M | 39.33M | 34.32M | 34.90M | 27.55M |
| Current liabilities | |||||
| Accounts payable | 6.07M | 8.25M | 6.77M | 6.08M | 3.89M |
| Accrued expenses | 14.19M | 11.94M | 8.97M | 12.78M | 12.15M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | 654,000 | 1.99M | 1.31M | 1.25M | 295,000 |
| Tax payable | — | 342,000 | 217,000 | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 1.66M | 1.07M | 794,000 | 1.56M | 713,000 |
| Non current liabilities | |||||
| Long term debt | — | — | — | — | — |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 1.65M | 1.30M | 683,000 | 717,000 | 531,000 |
| Shareholders equity | |||||
| Common stock | 3.45M | 3.42M | 3.40M | 3.39M | 3.39M |
| Retained earnings | 148.14M | 122.95M | 97.70M | 83.08M | 76.57M |
| Other shareholders equity | — | -2.00M | -2.58M | -1.95M | -2.75M |
| Total shareholders equity | 151.59M | 124.38M | 98.53M | 84.52M | 77.21M |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 41.70M | 40.35M | 29.03M | 19.44M | 28.24M | 28.49M | 19.30M | 16.75M | 14.31M | 8.91M | 7.53M | 6.98M | 6.73M | 3.85M | -10.69M | 7.59M | 16.42M | 20.31M | 26.22M | 23.74M | 18.07M | 12.39M | 8.56M | 13.96M | 9.12M | — |
| Depreciation | 2.42M | 1.91M | 1.82M | 1.95M | 2.09M | 1.82M | 1.53M | 1.38M | 1.01M | 712,000 | 726,000 | 768,000 | 889,000 | 1.08M | 1.35M | 1.69M | 1.95M | 2.13M | 3.02M | 2.53M | 2.31M | 2.08M | 2.27M | 1.80M | 1.55M | — |
| Deferred Taxes | -3.13M | -1.80M | -140,000 | -311,000 | -620,000 | 378,000 | 1.52M | -862,000 | 1.31M | -805,000 | 78,000 | -498,000 | -76,000 | -132,000 | -854,000 | 431,000 | 331,000 | -737,000 | -1.97M | -784,000 | 1.03M | -247,000 | 460,000 | 255,000 | -166,000 | — |
| Stock-Based Compensation | 3.71M | 2.71M | 2.29M | 3.10M | 2.12M | 2.09M | 2.68M | 2.62M | 1.99M | 1.75M | 1.70M | 1.50M | 1.30M | 1.54M | 1.65M | 1.44M | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | — | — | — | — | — | — | — | — | — | -2.03M | 3.85M | — | 818,000 | 1.09M | 1.22M | — | — | — | — | — | — | -141,000 | — |
| Accounts Receivable | 2.53M | -2.10M | 1.43M | 2.81M | -3.19M | -559,000 | -2.65M | 960,000 | 672,000 | 563,000 | -391,000 | 21,000 | -473,000 | 5.91M | 985,000 | -2.56M | -616,000 | 2.67M | -4.06M | 3.68M | -3.57M | 538,000 | 568,000 | -329,000 | 769,000 | — |
| Accounts Payable | -2.18M | 1.48M | 692,000 | 2.19M | -787,000 | -689,000 | 199,000 | 1.48M | 104,000 | -1.99M | 1.32M | 1.25M | 1.11M | -88,000 | 535,000 | -3.18M | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 9.55M | 2.20M | -29.85M | -4.18M | 8.21M | -8.76M | 5.83M | -10.07M | -4.62M | -360,000 | -696,000 | -2.80M | -3.20M | -2.49M | 3.13M | 8.79M | -3.63M | -1.06M | -3.09M | -3.00M | -330,000 | -3.77M | 345,000 | -644,000 | -3.32M | — |
| Operating Cash Flow | 54.60M | 44.74M | 5.27M | 25.01M | 36.07M | 22.77M | 28.41M | 12.26M | 14.78M | 8.79M | 10.27M | 7.22M | 4.25M | 13.53M | -3.90M | 15.02M | 15.55M | 24.53M | 20.12M | 26.17M | 17.51M | 10.99M | 12.20M | 15.04M | 7.80M | — |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -315,000 | -1.25M | -1.55M | -1.12M | -2.84M | -3.71M | -3.80M | -5.46M | -4.20M | 145,000 | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -1.04M | — | — | — |
| Purchase of Investments | — | — | — | — | -299,000 | -16.21M | -22.21M | -28.09M | -16.28M | -24.87M | -15.40M | -34.08M | -36.11M | -29.15M | -14.86M | -47.96M | -72.58M | — | -905,000 | — | -725,000 | — | -13.26M | — | — | — |
| Sale of Investments | — | — | — | — | 7.98M | 21.42M | 18.07M | 52.52M | 17.66M | 20.09M | 14.58M | 51.25M | 24.90M | 25.58M | 22.34M | 46.02M | 32.44M | 2.91M | — | 914,000 | — | 6.66M | — | — | — | — |
| Investing Cash Flow | 2.30M | — | — | 34,000 | 7.68M | 5.21M | -4.14M | 24.52M | 1.39M | -3.71M | -805,000 | 17.17M | -7.53M | -3.53M | 7.50M | -2.24M | -41.39M | 1.35M | -2.02M | -1.92M | -4.43M | 2.86M | -5.92M | -4.20M | 145,000 | — |
| Financing Activities | ||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | -375,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | — | — | — | — | 160,000 | 256,000 | 342,000 | 136,000 | 379,000 | 77,000 | — | 453,000 | 622,000 | 431,000 | 296,000 | — | — | — | — | 614,000 | -13.60M | -7.62M | — |
| Financing Cash Flow | -20.19M | -17.78M | -16.68M | -16.04M | -28.20M | -24.77M | -18.03M | -43.78M | -9.64M | -7.54M | -6.15M | -24.77M | -370,000 | -244,000 | -453,000 | -10.40M | -26.26M | -8.49M | -26.36M | -7.11M | -4.43M | -2.23M | -456,000 | -13.60M | -7.62M | — |
| Other Cash Details | ||||||||||||||||||||||||||
| End Cash Position | 71.95M | 43.17M | 14.10M | 31.57M | 19.80M | 8.75M | 7.68M | 2.62M | 7.99M | 4.07M | 5.11M | 1.65M | 956,000 | 9.54M | 2.57M | 4.62M | 3.23M | 54.46M | 37.60M | 46.62M | 26.24M | 17.28M | 4.95M | 1.10M | 3.43M | — |
| Income Tax Paid | 13.91M | 13.02M | 7.49M | 4.10M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 46.67M | 46.85M | -791,000 | 27.78M | 31.58M | 20.62M | 27.23M | 13.90M | 12.17M | 10.21M | 10.42M | 7.83M | 2.94M | 10.69M | -9.12M | 13.72M | 15.17M | 22.33M | 18.25M | 26.57M | 14.12M | 7.90M | 4.78M | 11.27M | 7.43M | 6.19M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 305,827 | 2.83M | 0.88% |
| Teton Westwood Mighty Mites Fd | Sep 30, 2024 | 252,000 | 2.33M | 0.73% |
| EQ Advisors Trust-1290 VT Gamco Small Company Value Port | Sep 30, 2024 | 253,000 | 2.34M | 0.73% |
| Gabelli Small Cap Growth Fund | Sep 30, 2024 | 216,000 | 2.00M | 0.62% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 209,533 | 1.94M | 0.60% |
| DFA U.S. Micro Cap Series | Oct 31, 2024 | 180,578 | 1.67M | 0.52% |
| WisdomTree Tr-WisdomTree Small Cap Dividend Fd | Sep 30, 2024 | 173,656 | 1.60M | 0.50% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 165,436 | 1.53M | 0.48% |
| DFA U.S. Small Cap Series | Oct 31, 2024 | 101,314 | 936,141 | 0.29% |
| Fidelity Small Cap Index Fund | Oct 31, 2024 | 95,337 | 880,913 | 0.27% |
Article
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.
Jan 30, 2025
Article
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.
Jan 30, 2025
Article
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.
Jan 7, 2025
