What guidance did Marine Products's management provide for the next earnings period?

What is Marine Products's latest dividend and current dividend yield?

What factors drove the changes in Marine Products's revenue and profit?

What is the market's earnings forecast for Marine Products next quarter?

What were the key takeaways from Marine Products’s earnings call?

What is Marine Products's gross profit margin?

What is the revenue and EPS growth rate for Marine Products year over year?

What does Marine Products do and what are its main business segments?

- **Sales Recovery**: 7% YoY growth signals stabilization post destocking.
- **Profit Margin Expansion**: Gross margin improved to 19.2%, driven by efficient production.
- **Cash Strength**: $47.4M cash on hand with no debt, enabling strategic investments.
- **Challenges Ahead**: Tariff volatility and supply chain constraints persist.
- **Dealer Engagement**: Positive feedback on new products and targeted promotional strategies.


**【CEO Summary Section】**
- **Sales Growth and Destocking Completion**: Third-quarter sales increased 7% year-over-year, marking the first YoY growth in two years. The destocking of channel inventory is largely complete, with field inventory reduced by 6% YoY.
- **Market Sentiment and Dealer Feedback**: The industry shows cautious optimism, supported by positive dealer feedback on new Chaparral and Robalo models. Dealer attendance at the annual meeting was strong, with interest in new product introductions.
- **Operational Challenges**: Supply chain costs remain a concern, though store parts shortages are less severe. Tariffs remain fluid, with potential future adjustments.

**【CFO Financial Commentary】**
- **Revenue and Profitability**: Sales rose 7%, driven by price/mix improvements. Gross profit increased 11% to $10.2 million, with a 19.2% gross margin, up 80 basis points YoY.
- **Cost Management**: SG&A expenses rose 31% due to R&D investments and compensation accruals. EBITDA declined 15% to $3.7 million, while operating cash flow remained positive at $11.7 million year-to-date.
- **Financial Health**: The company maintains a strong cash position of $47.4 million with no debt, supporting strategic investments.

**【Closing Remarks】**
- **Strategic Initiatives**: The company is evaluating growth opportunities and partnerships, leveraging its strong balance sheet for new model investments.
- **Future Outlook**: Focus on targeted dealer support programs and cost control to navigate macroeconomic uncertainties.


Marine Products (MPX)-30 Oct 25-2025 Q3 Earnings call transcript

- **Sales stabilization**: Q2 sales down 3% but 15% higher than Q1, with 11% inventory reduction.
- **Gross margin improvement**: 20bps expansion to 19.1% offset by 14% EBITDA decline.
- **Strategic initiatives**: 2026 model rollout and acquisition focus to drive growth.
- **Key risks**: Tariffs, interest rates, and dealer caution impacting recovery.

**【CEO Summary Section】**
- Q2 sales decreased 3% to $67.7 million, driven by a 13% decline in boats sold, offset by a 10% price/mix increase. 
- Field inventory reduced 11% YoY; dealers remain cautious on restocking amid macroeconomic uncertainty.
- 2026 model year rollout includes new products and refreshed designs, with dealer previews scheduled for August.
- EBITDA declined 14% YoY to $5.6 million, while operating cash flow remained positive at $9.2 million.

**【CFO Financial Commentary】**
- Gross profit margin improved 20 basis points to 19.1%, reflecting cost alignment and price/mix benefits.
- SG&A expenses rose 9% to $8.1 million, driven by R&D, advertising, and incentive accruals.
- Diluted EPS of $0.12 down 20% YoY; tax rate stable at 21.3%.
- Q2 CapEx $400,000; annual CapEx expected $2-3 million. Year-to-date dividends $9.8 million.
- Cash balance $50 million; no debt.

**【Management Closing Remarks】**
- 2026 model year strategy focuses on innovation and dealer collaboration to drive demand.
- Actively pursuing acquisitions to enhance portfolio and capitalize on market opportunities.
- Emphasized gratitude to dealers and employees for navigating challenging conditions.

Marine Products (MPX)-24 Jul 25-2025 Q2 Earnings call transcript

- **Sales Stabilization**: Q1 2025 sales down 15% YoY but +23% sequential, with channel inventory down 18% YoY.
- **Gross Margin Pressure**: 18.6% margin (-160bps YoY) due to lower volume absorption.
- **Strong Cash Flow**: $10.7M free cash flow, $57M cash on hand.
- **Tariff Risks**: Potential price increases on key components, uncertain resolution.
- **Acquisition Focus**: Actively seeking new boat category acquisitions with ample liquidity.

**【CFO Opening Remarks】**
- Reminder of forward-looking statements and non-GAAP measures.
- Press release and 10-K available for risk disclosures.

**【CEO Key Updates】**
- Q1 2025 Sales: $59M (-15% YoY), boats sold down 19%, price/mix +4%.
- Sequential improvement: Q1 2025 sales up 23% vs Q4 2024.
- Channel inventory: Down 18% YoY, 15% YTD 2024.
- Challenges: Elevated channel inventory, uncertain interest rates, tariff uncertainty.
- Tariff impact: Potential price increases on engines, stainless steel, fiberglass.
- 2026 Model Year: Cautious rollout with dealer collaboration.
- Financial strength: $57M cash, no debt, $10.7M free cash flow.

**【CFO Financial Highlights】**
- Gross Profit: $11M (18.6% margin, -160bps YoY).
- SG&A: $8.3M (-5% YoY), 14.1% of sales (+150bps).
- EPS: $0.06 (-54% YoY).
- EBITDA: $3.4M (-42% YoY).
- Cash Flow: $10.8M operating, $10.7M free.
- CapEx: $100K Q1, $3M annual target.
- Dividends: $4.9M paid.

**【CEO Closing Remarks】**
- Actively pursuing acquisitions in new boat categories.
- New Board Member: Steve Lewis (formerly Troutman Pepper CEO).
- Retiring Board Members: Gary Rollins, Pam Rollins.
- S-3 Registration: Control group shares filed for corporate housekeeping.

Marine Products (MPX)-24 Apr 25-2025 Q1 Earnings call transcript

- **Revenue decline but inventory progress**: Q4 sales down 33% YoY, but field inventory reduced 15% YoY. 2024 EBITDA: $21M (-60% YoY).
- **Cautious optimism in marine industry**: Dealer sentiment improving, Miami boat shows well-attended, buyers showing interest in upgrades and entry-level boats.
- **Strong cash management**: $44M dividends paid in 2024, $52M cash on hand, no debt. Solar project yields tax benefits and cost savings.
- **M&A focus**: Actively pursuing distressed brands with dealer network fit, potential opportunities as market stabilizes.


**【CEO Summary Section】**
- Q4 2024 revenue declined 33% YoY to $47.8M, driven by a 39% drop in boats sold and 6% price/mix decline. However, field inventory decreased 15% YoY, signaling destocking progress.
- Management highlights cautious optimism in the marine industry, citing improved dealer sentiment and attendance at winter boat shows. Buyers are showing interest in upgrades and entry-level models.
- Operational investments included solar panel installation at Georgia facility, yielding tax benefits and cost savings. The company remains focused on cash returns, with $44M in dividends paid in 2024.

**【CFO Financial Commentary】**
- Full-year 2024 sales: $237M (-38% YoY), EPS: $0.50, EBITDA: $21M (-60% YoY). Q4 gross margin improved 20bps to 19.2%, driven by reduced promotional expenses.
- Strong cash flow generation: $30M operating cash flow, $25M free cash flow. Ended with $52M cash, no debt, and declared a $0.14 quarterly dividend.
- Q4 SG&A expenses down 28% YoY, reflecting cost control amid lower sales. Tax benefit from solar project offset $71K of tax liability.

**【Q&A Key Takeaways】**
- **Market Sentiment**: Dealers report cautious optimism, with Miami boat show attendance strong but buyers moving slowly. Chaparral brand 60th anniversary celebration highlighted dealer loyalty.
- **Promotional Activity**: Incentives remain consistent with 2023 levels, focused on clearing older inventory. No material differences vs. peers observed.
- **Inventory Management**: Field inventory at "normal seasonal levels" post-15% YoY decline. Dealers remain cautious on reordering, but early 2025 demand signals are positive.
- **M&A Strategy**: Actively evaluating distressed brands, prioritizing fit with existing dealer network. Interest rates and market stabilization may create opportunities in 2025.


Marine Products Corporation (MPX) Q4 2024 Earnings Call Transcript

Marine Products (MPX)-24 Oct 24-2024 Q3 Earnings call transcript

Marine Products (MPX)-25 Jul 24-2024 Q2 Earnings call transcript

Marine Products (MPX)-25 Apr 24-2024 Q1 Earnings call transcript

Marine Products (MPX)-25 Jan 24-2023 Q4 Earnings call transcript

Marine Products (MPX)-25 Oct 23-2023 Q3 Earnings call transcript

Marine Products (MPX)-26 Apr 23-2023 Q1 Earnings call transcript

Marine Products (MPX)-25 Jan 23-2022 Q4 Earnings call transcript

Marine Products (MPX)-26 Oct 22-2022 Q3 Earnings call transcript

Marine Products (MPX)-27 Jul 22-2022 Q2 Earnings call transcript

Marine Products (MPX)-27 Apr 22-2022 Q1 Earnings call transcript

Marine Products (MPX)-26 Jan 22-2021 Q4 Earnings call transcript

Marine Products (MPX)-27 Oct 21-2021 Q3 Earnings call transcript

Marine Products (MPX)-28 Jul 21-2021 Q2 Earnings call transcript

Marine Products (MPX)-2 May 21-2021 Q1 Earnings call transcript

Marine Products (MPX)-27 Jan 21-2020 Q4 Earnings call transcript

Marine Products (MPX)-28 Oct 20-2020 Q3 Earnings call transcript

Marine Products (MPX)-1 Aug 20-2020 Q2 Earnings call transcript

Marine Products (MPX)-29 Apr 20-2020 Q1 Earnings call transcript

Marine Products (MPX)-29 Jan 20-2019 Q4 Earnings call transcript

Marine Products (MPX)-23 Oct 19-2019 Q3 Earnings call transcript

Marine Products (MPX)-24 Jul 19-2019 Q2 Earnings call transcript

Marine Products (MPX)-24 Apr 19-2019 Q1 Earnings call transcript

Marine Products (MPX)-23 Jan 19-2018 Q4 Earnings call transcript

Marine Products (MPX)-24 Oct 18-2018 Q3 Earnings call transcript

Marine Products (MPX)-25 Jul 18-2018 Q2 Earnings call transcript

Marine Products (MPX)-25 Apr 18-2018 Q1 Earnings call transcript

Marine Products (MPX)-24 Jan 18-2017 Q4 Earnings call transcript

Marine Products (MPX)-25 Oct 17-2017 Q3 Earnings call transcript

Actual											0.12	0.05	0.19	0.21	0.24	0.17	0.2	0.25	0.21	0.29	0.34	0.35	0.34	0.4156	0.3	0.16	0.13	0.14	0.1	0.12	0.06	0.12	0.07	0.1
Forecast											0.21	0.03	0.21	0.17	0.19	0.23	0.22	0.19	0.21	0.25	0.24	0.21			0.36	0.19		0.14	0.08	0.05	0.08	0.12	0.1	0.1
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-42.86%	+66.67%	-9.52%	+23.53%	+26.32%	-26.09%	-9.09%	+31.58%	0.00%	+16.00%	+41.67%	+66.67%	0.00%	0.00%	-16.67%	-15.79%	0.00%	0.00%	+25.00%	+140.00%	-25.00%	0.00%	-30.00%	0.00%

Actual	--	--	--	--	--	--	--	--	--	--	59.12M	40.82M	68.78M	71.11M	78.38M	67.26M	75.84M	76.54M	76.61M	95.81M	100.06M	108.51M	118.91M	116.16M	77.79M	70.90M	69.30M	69.55M	49.85M	47.82M	59.00M	67.70M	53.15M	64.57M
Forecast	--	--	--	--	--	--	--	--	--	--	85.16M	31.73M	72.60M	64.50M	74.30M	76.50M	75.20M	71.60M	78.10M	80.30M	79.10M	75.30M	--	--	105.10M	54.80M	--	65.40M	51.00M	46.30M	65.90M	67.80M	54.80M	55.00M
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-30.58%	+28.65%	-5.26%	+10.25%	+5.48%	-12.08%	+0.86%	+6.90%	-1.91%	+19.32%	+26.50%	+44.10%	0.00%	0.00%	-25.99%	+29.38%	0.00%	+6.34%	-2.25%	+3.28%	-10.47%	-0.15%	-3.01%	+17.40%

MPX

MPX fundamentals

MPX Q4 2025 Earnings

Earnings Call

You can ask Aime

MPX

MPX fundamentals

MPX Q4 2025 Earnings

Earnings Call

MPX Earnings Call Summary for Q4/20258:00 AM on Feb 6, 2026

MPX Earnings Call Summary for Q3/20258:00 AM on Oct 30, 2025

MPX Earnings Call Summary for Q2/20258:00 AM on Jul 24, 2025

MPX Earnings Call Summary for Q1/20258:00 AM on Apr 24, 2025

MPX Earnings Call Summary for Q4/20248:00 AM on Jan 30, 2025

You can ask Aime