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Marine ProductsNYSE: MPX

Profile

Country:

United States

IPO:

01 March 2001

Next earnings report:

24 January 2025

Last dividends:

08 November 2024

Next dividends:

N/A
$331.51 M
-45%vs. 3y high
38%vs. sector
-5%vs. 3y high
47%vs. sector
-44%vs. 3y high
69%vs. sector
-15%vs. 3y high
66%vs. sector

Price

regular market | 34 min ago
$9.55-$0.05(-0.52%)
$49.85 M$46.30 M
$49.85 M$3.40 M

Analysts recommendations

Institutional Ownership

MPX Latest News

Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
seekingalpha.com19 November 2024 Sentiment: NEUTRAL

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.

Marine Products Corporation (MPX) Q3 2024 Earnings Call Transcript
seekingalpha.com24 October 2024 Sentiment: POSITIVE

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.

Marine Products Corporation Announces Date for Second Quarter 2024 Financial Results and Conference Call
prnewswire.com10 July 2024 Sentiment: POSITIVE

ATLANTA , July 10, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the second quarter ended June 30, 2024 on Thursday, July 25, 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, July 25, 2024 at 8:00 a.m.

Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)
seekingalpha.com07 June 2024 Sentiment: POSITIVE

MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution.

The Bottom Fishing Club: Possibly The Lowest Valuation Ever For Marine Products
Seeking Alpha26 March 2024 Sentiment: POSITIVE

Marine Products is a Georgia-based manufacturer of smaller fishing and seaside excursion boats, with a leading market position. The company has enjoyed strong returns and margins since 2021, with zero debt and plenty of cash on hand currently. A record-low valuation and conservative financial position have created an attractive investment opportunity in MPX.

Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript
Seeking Alpha25 January 2024 Sentiment: NEUTRAL

Marine Products Corporation (MPX) Q4 2023 Earnings Call Transcript

Marine Products: Quiet Compounder And Potential M&A Target
Seeking Alpha08 January 2024 Sentiment: POSITIVE

Marine Products has achieved impressive growth, with revenue growing +10% and EBITDA +20% during the last decade. The company has benefited from a market-leading brand, as well as strong technological development to ensure a highly competitive suite of boats. These factors are underpinned by an extensive dealership. We believe its growth trajectory is sustainable in the medium term, owing to international growth opportunities, economic improvement, and increased interest in recreational boating.

Marine Products Corporation (MPX) Q3 2023 Earnings Call Transcript
Seeking Alpha25 October 2023 Sentiment: NEUTRAL

Marine Products Corporation (NYSE:MPX ) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Mike Schmit - Chief Financial Officer Ben Palmer - President & Chief Executive Officer Jim Landers - Vice President of Corporate Services Conference Call Participants Brandon Rolle - D.A. Davidson Operator Good morning and thank you for joining us for Marine Products Corporation's Third Quarter 2023 Financial Earnings Conference Call.

Winnebago's stock is set to fall as profit beat expectations but revenue fell short, amid weakness in motorhome and marine products
Market Watch18 October 2023 Sentiment: NEGATIVE

Shares of Winnebago Industries Inc. WGO, +0.58% were indicated down nearly 2% in premarket trading Wednesday, after the recreational vehicle maker beat fiscal fourth-quarter profit expectations but missed on revenue and expects continued pressure on the retail market. Net income for the quarter to Aug. 26 fell to $43.8 million, or $1.28 a share, from $82.6 million, or $2.61 a share, in the year-ago period.

Marine Products: Strong Financial Metrics, Moderate Revenue Growth
Seeking Alpha07 September 2023 Sentiment: POSITIVE

Marine Products is a strong candidate for a long-term position due to its strong financial metrics and moderate revenue growth. The company's revenue growth is expected to be maintained as backorders from pandemic-related supply chain constraints are filled. Risks include potential sales dips, adverse weather conditions, and potential negative impact on margins from new boat models.

What type of business is Marine Products?

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.

What sector is Marine Products in?

Marine Products is in the Consumer Cyclical sector

What industry is Marine Products in?

Marine Products is in the Recreational Vehicles industry

What country is Marine Products from?

Marine Products is headquartered in United States

When did Marine Products go public?

Marine Products initial public offering (IPO) was on 01 March 2001

What is Marine Products website?

https://www.marineproductscorp.com

Is Marine Products in the S&P 500?

No, Marine Products is not included in the S&P 500 index

Is Marine Products in the NASDAQ 100?

No, Marine Products is not included in the NASDAQ 100 index

Is Marine Products in the Dow Jones?

No, Marine Products is not included in the Dow Jones index

When was Marine Products the previous earnings report?

No data

When does Marine Products earnings report?

The next expected earnings date for Marine Products is 24 January 2025