{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T01:49:24.561549+00:00","company":{"ticker":"MPX","cik":1129155,"company_name":"MARINE PRODUCTS CORP"},"pagination":{"limit":100,"returned":46,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC","detail":"merger","count":1,"first_seen":"2026-02-05T23:59:59+00:00","last_seen":"2026-02-05T23:59:59+00:00","evidence_fact_ids":[33366]}],"ma_counterparty":[{"display_name":"MasterCraft Boat Holdings, Inc.","detail":"change_of_control","count":1,"first_seen":"2026-05-15T20:15:20+00:00","last_seen":"2026-05-15T20:15:20+00:00","evidence_fact_ids":[54024]}]},"facts":[{"fact_type":"governance_change","fact_key":"62b1bd947ff6006b353769f0668c83f86f1b56d7","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-05-15T20:15:20+00:00","payload":{"change_type":"charter_amendment","effective_date":null,"item_codes_triggered":["5.03"],"summary_text":"Marine Products' certificate of incorporation and bylaws, as in effect immediately prior to the First Effective Time, became the certificate of incorporation and bylaws of the First Merger surviving entity."},"claim":"MARINE PRODUCTS CORP: Marine Products' certificate of incorporation and bylaws, as in effect immediately prior to the First Effective Time, became the certificate of incorporation and bylaws of the First Merger surviving entity.","evidence_excerpt":"Pursuant to the Merger Agreement, at the First Effective Time, Marine Products’ certificate of incorporation, as amended, as in effect immediately prior to the First Effective Time became the certificate of incorporation for the First Merger surviving entity, and Marine Products’ bylaws, as amended and restated, as in effect immediately prior to the First Effective Time, became the bylaws of the First Merger surviving entity.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-062557","anchor_url":"https://secwatch.observer/filing/0001104659-26-062557#claim-62b1bd947ff6006b353769f0668c83f86f1b56d7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm"},{"fact_type":"ma_transaction","fact_key":"93aae4b0206d347d45959fa1f4b7a6278dc1f17f","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-05-15T20:15:20+00:00","payload":{"action":"change_of_control","closing_date":"2026-05-15","consideration_text":"0.232 shares of MasterCraft common stock and $2.43 in cash","counterparty":"MasterCraft Boat Holdings, Inc.","effective_date":"2026-05-15","item_codes_triggered":["2.01","5.01"]},"claim":"MARINE PRODUCTS CORP underwent a change of control involving MasterCraft Boat Holdings, Inc. for 0.232 shares of MasterCraft common stock and $2.43 in cash (closed 2026-05-15).","evidence_excerpt":"prior to the First Effective Time, except for shares held by MasterCraft or Marine Products, or their direct\nor indirect subsidiaries, converted into the right to receive 0.232 shares (the “Stock Consideration”) of MasterCraft common\nstock, par value $0.01 per share (“MasterCraft Common Stock”) and $2.43 in cash, without interest (the “Cash","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-062557","anchor_url":"https://secwatch.observer/filing/0001104659-26-062557#claim-93aae4b0206d347d45959fa1f4b7a6278dc1f17f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm"},{"fact_type":"executive_change","fact_key":"389e60bb24","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-05-15T20:15:20+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2026-05-15","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"W. Scott Kent was appointed as Chief Financial Officer at MARINE PRODUCTS CORP.","evidence_excerpt":"Bradley M. Nelson, as Chief Executive Officer, and W. Scott Kent, Chief Financial Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-26-062557","anchor_url":"https://secwatch.observer/filing/0001104659-26-062557#claim-389e60bb24","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926062557/0001104659-26-062557-index.htm"},{"fact_type":"executive_change","fact_key":"c80579091e","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-05-15T20:15:20+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2026-05-15","interim":false,"role":"director","role_category":"director","successor_name":null,"successor_named":false},"claim":"W. 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of the Merger Agreement and the transactions contemplated thereby, including the Mergers at the 2026-05-12 meeting.","evidence_excerpt":"Merger Agreement Proposal For Against Abstentions 30,470,005 331,629 15,834","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-059406","anchor_url":"https://secwatch.observer/filing/0001104659-26-059406#claim-a68e8850e2a90218921b29bf5a714176c2dd804c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926059406/0001104659-26-059406-index.htm"},{"fact_type":"earnings_release","fact_key":"c799620e57e7bb9d50cdf734ef9a8d16d2c40bfc","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-05-07T23:59:59+00:00","payload":{"eps_text":"($0.06)","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"($2.1) million","period_text":"first quarter ended March 31, 2026","report_date":"2026-05-07","result_type":"reported_results","revenue_text":"$66.5 million"},"claim":"MARINE PRODUCTS CORP reported first quarter ended March 31, 2026 results: revenue $66.5 million, net income ($2.1) million, EPS ($0.06).","evidence_excerpt":"of this earnings release. ​ * All comparisons are year-over-year to 1Q:25 unless stated otherwise. ​ First Quarter 2026 Results ​ ● Net sales increased 13% year-over-year to $66.5 million. ● Net (loss) income was ($2.1) million, versus $2.2 million in the prior year period, and Diluted Earnings (Loss) Per Share (EPS) was ($0.06); Net income margin decreased 680","confidence":0.97,"filing_url":"https://secwatch.observer/filing/0001104659-26-056635","anchor_url":"https://secwatch.observer/filing/0001104659-26-056635#claim-c799620e57e7bb9d50cdf734ef9a8d16d2c40bfc","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926056635/0001104659-26-056635-index.htm"},{"fact_type":"material_agreement","fact_key":"512ee76ccf920f03ee03dd1657dea5a4d9bbfc2d","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2026-02-05T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Agreement and Plan of Merger","agreement_type":"merger","counterparty":"MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC","effective_date":"2026-02-05","item_codes_triggered":["1.01"],"value_text":null},"claim":"MARINE PRODUCTS CORP entered into Agreement and Plan of Merger with MasterCraft Boat Holdings, Inc., Titan Merger Sub 1, Inc., Titan Merger Sub 2, LLC (effective 2026-02-05).","evidence_excerpt":"On February 5, 2026, Marine Products Corporation, a Delaware corporation (“Marine Products”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among MasterCraft Boat Holdings, Inc., a Delaware corporation (“MasterCraft”), Titan Merger Sub 1, Inc., a Delaware corporation and a wholly owned, direct subsidiary of MasterCraft (“Merger Sub I”), Titan Merger Sub 2, LLC, a Delaware limited liability company and a wholly owned, direct subsidiary of MasterCraft (“Merger Sub II”), and Marine Products.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-26-010931","anchor_url":"https://secwatch.observer/filing/0001104659-26-010931#claim-512ee76ccf920f03ee03dd1657dea5a4d9bbfc2d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465926010931/0001104659-26-010931-index.htm"},{"fact_type":"executive_change","fact_key":"0eac434ba0","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2025-02-20T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Pamela R. Rollins departed as Director at MARINE PRODUCTS CORP.","evidence_excerpt":"On February 18, 2025, each of Gary W. Rollins and Pamela R. Rollins informed the Board of Directors of Marine Products Corporation (the “Company”) that, after long periods of service, they each intended to retire from the Board and would not stand for re-election at the Company’s 2025 Annual Meeting of Stockholders","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001654954-25-001708","anchor_url":"https://secwatch.observer/filing/0001654954-25-001708#claim-0eac434ba0","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000165495425001708/0001654954-25-001708-index.htm"},{"fact_type":"executive_change","fact_key":"3b09ce5139","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2025-02-20T23:59:59+00:00","payload":{"action":"retire","action_category":"departure","departure_tone":"retirement","effective_date":null,"interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Gary W. Rollins departed as Director at MARINE PRODUCTS CORP.","evidence_excerpt":"On February 18, 2025, each of Gary W. Rollins and Pamela R. Rollins informed the Board of Directors of Marine Products Corporation (the “Company”) that, after long periods of service, they each intended to retire from the Board and would not stand for re-election at the Company’s 2025 Annual Meeting of Stockholders","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001654954-25-001708","anchor_url":"https://secwatch.observer/filing/0001654954-25-001708#claim-3b09ce5139","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000165495425001708/0001654954-25-001708-index.htm"},{"fact_type":"governance_change","fact_key":"607f43d57fa73ece70f8d3a590c5c0acb5137f09","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2025-01-30T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-01-28","item_codes_triggered":["5.03"],"summary_text":"In connection with declassification of the Board, certain directors expected to resign and be reappointed for one-year terms to facilitate transition to annual elections."},"claim":"MARINE PRODUCTS CORP: In connection with declassification of the Board, certain directors expected to resign and be reappointed for one-year terms to facilitate transition to annual elections (effective 2025-01-28).","evidence_excerpt":"In order to facilitate the declassification of the Company’s Board of Directors referenced above, it is expected that each of Gary W. Rollins, Richard A. Hubbell, John F. Wilson, Timothy C. Rollins, Pamela R. Rollins, Susan R. Bell and Amy R. Kreisler will tender his or her resignation from the Board of Directors immediately following the filing of the Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware that effects the declassification, solely for the purpose of shortening their terms as directors of the Company in order that each such director may then be reappointed to the Board for a one-year term that will expire at the 2026 Annual Meeting.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001654954-25-000941","anchor_url":"https://secwatch.observer/filing/0001654954-25-000941#claim-607f43d57fa73ece70f8d3a590c5c0acb5137f09","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000165495425000941/0001654954-25-000941-index.htm"},{"fact_type":"governance_change","fact_key":"e33fcde079be4fff89c49c98aab8d51e9388d82f","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2025-01-30T23:59:59+00:00","payload":{"change_type":"charter_amendment","effective_date":"2025-01-28","item_codes_triggered":["5.03"],"summary_text":"Proposed amendments to Certificate of Incorporation to declassify the Board, remove 66.7% vote requirement for director removal, remove special meeting provisions from certificate, and remove 66.7% vote requirement for stockholders to amend Bylaws, subject to stockholder approval."},"claim":"MARINE PRODUCTS CORP: Proposed amendments to Certificate of Incorporation to declassify the Board, remove 66.7% vote requirement for director removal, remove special meeting provisions from certificate, and remove 66.7% vote requirement for stockholders to amend Bylaws, subject to stockholder approval (effective 2025-01-28).","evidence_excerpt":"The Board also approved additional amendments to the Company’s Certificate of Incorporation, subject to stockholder approval, that will be recommended to the Company’s stockholders for approval at the 2025 Annual Meeting of Stockholders, including the following: · To remove a provision specifying the requirements to call a special meeting of stockholders from our Certificate of Incorporation, which would result in the provisions of our Bylaws controlling, which provide that special meetings of the stockholders may be called at any time by the chairman and shall be called by the chairman or secretary on the request in writing or by vote of a majority of the directors or at the request in writing of stockholders of record owning a majority in amount of the capital stock outstanding and entitled to vote; and · To remove a provision from our Certificate of Incorporation requiring a 66.7% vote in order for stockholders to amend our Bylaws.","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001654954-25-000941","anchor_url":"https://secwatch.observer/filing/0001654954-25-000941#claim-e33fcde079be4fff89c49c98aab8d51e9388d82f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000165495425000941/0001654954-25-000941-index.htm"},{"fact_type":"governance_change","fact_key":"6a2edb6f3b4ee9b39bb73d29a2709fdb8efb8608","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2025-01-30T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2025-01-28","item_codes_triggered":["5.03"],"summary_text":"Amended and Restated Bylaws adopted to declassify the Board, implement annual director elections, clarify officer duties, add federal forum for Securities Act claims, and enhance stockholder nomination and proposal procedures."},"claim":"MARINE PRODUCTS CORP: Amended and Restated Bylaws adopted to declassify the Board, implement annual director elections, clarify officer duties, add federal forum for Securities Act claims, and enhance stockholder nomination and proposal procedures (effective 2025-01-28).","evidence_excerpt":"Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. Adoption of Amended and Restated Bylaws On January 28, 2025, the Marine Products Corporation (the “Company”) Board of Directors approved and adopted amended and restated bylaws (the “Amended and Restated Bylaws”), which became effective the same day. Among other things, the amendments contained in the Amended and Restated Bylaws effected the following changes: · To declassify the Board and instead provide for annual elections of directors beginning with the Company’s 2026 Annual Meeting of stockholders (the “2026 Annual Meeting”).","confidence":0.99,"filing_url":"https://secwatch.observer/filing/0001654954-25-000941","anchor_url":"https://secwatch.observer/filing/0001654954-25-000941#claim-6a2edb6f3b4ee9b39bb73d29a2709fdb8efb8608","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000165495425000941/0001654954-25-000941-index.htm"},{"fact_type":"earnings_release","fact_key":"582c71e649e6d7fb76192b9d2efba67b5661fc89","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2024-04-25T23:59:59+00:00","payload":{"eps_text":"$0.13","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$4.6 million","period_text":"first quarter ended March 31, 2024","report_date":"2024-04-25","result_type":"reported_results","revenue_text":"$69.3 million"},"claim":"MARINE PRODUCTS CORP reported first quarter ended March 31, 2024 results: revenue $69.3 million, net income $4.6 million, EPS $0.13.","evidence_excerpt":"of this earnings release. ​ * All comparisons are year-over-year to 1Q:23 unless stated otherwise. ​ First Quarter 2024 Highlights ​ ● Net sales decreased 42% year-over-year to $69.3 million ● Net income was $4.6 million, down 60% year-over-year, and diluted Earnings Per Share (EPS) was $0.13; net income margin decreased 310 basis points to 6.6% ● Earnings Before","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001558370-24-005676","anchor_url":"https://secwatch.observer/filing/0001558370-24-005676#claim-582c71e649e6d7fb76192b9d2efba67b5661fc89","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000155837024005676/0001558370-24-005676-index.htm"},{"fact_type":"earnings_release","fact_key":"81b0962cf88ac179634841e7d3b8bfeaabd35b60","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2024-01-25T23:59:59+00:00","payload":{"eps_text":"$1.21","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$41.7 million","period_text":"the full year ended December 31, 2023","report_date":"2024-01-25","result_type":"reported_results","revenue_text":"$383.7 million"},"claim":"MARINE PRODUCTS CORP reported the full year ended December 31, 2023 results: revenue $383.7 million, net income $41.7 million, EPS $1.21.","evidence_excerpt":"Net sales increased 1% year-over-year to $383.7 million ● Net income was $41.7 million, up 3% year-over-year, and diluted EPS was $1.21","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001558370-24-000492","anchor_url":"https://secwatch.observer/filing/0001558370-24-000492#claim-81b0962cf88ac179634841e7d3b8bfeaabd35b60","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000155837024000492/0001558370-24-000492-index.htm"},{"fact_type":"earnings_release","fact_key":"c4fe6cfb28e9c8fbffdadebabb678494d988868a","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2024-01-25T23:59:59+00:00","payload":{"eps_text":"$0.16","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$5.4 million","period_text":"the fourth quarter ended December 31, 2023","report_date":"2024-01-25","result_type":"reported_results","revenue_text":"$70.9 million"},"claim":"MARINE PRODUCTS CORP reported the fourth quarter ended December 31, 2023 results: revenue $70.9 million, net income $5.4 million, EPS $0.16.","evidence_excerpt":"Net sales decreased 35% year-over-year to $70.9 million ● Net income was $5.4 million, down 54% year-over-year, and diluted earnings per share (EPS) was $0.16","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001558370-24-000492","anchor_url":"https://secwatch.observer/filing/0001558370-24-000492#claim-c4fe6cfb28e9c8fbffdadebabb678494d988868a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000155837024000492/0001558370-24-000492-index.htm"},{"fact_type":"earnings_release","fact_key":"66e036a32e1e353eafeebef39ca8497e74d70a1a","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-10-25T23:59:59+00:00","payload":{"eps_text":"$0.30","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$10.4 million","period_text":"quarter ended September 30, 2023","report_date":"2023-10-25","result_type":"reported_results","revenue_text":"$77.8 million"},"claim":"MARINE PRODUCTS CORP reported quarter ended September 30, 2023 results: revenue $77.8 million, net income $10.4 million, EPS $0.30.","evidence_excerpt":"For the quarter ended September 30, 2023, Marine Products generated net sales of $77.8 million, a 22 percent decrease compared to $100.1 million in the third quarter of the prior year.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-23-111233","anchor_url":"https://secwatch.observer/filing/0001104659-23-111233#claim-66e036a32e1e353eafeebef39ca8497e74d70a1a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923111233/0001104659-23-111233-index.htm"},{"fact_type":"earnings_release","fact_key":"fc8f68aaadd1fab37df8c675b4de52ace2e57a5f","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-07-26T23:59:59+00:00","payload":{"eps_text":"$0.75 diluted earnings per share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$25.9 million","period_text":"the six months ended June 30, 2023","report_date":"2023-07-26","result_type":"reported_results","revenue_text":"$235.1 million"},"claim":"MARINE PRODUCTS CORP reported the six months ended June 30, 2023 results: revenue $235.1 million, net income $25.9 million, EPS $0.75 diluted earnings per share.","evidence_excerpt":"Net sales for the six months ended June 30, 2023 were $235.1 million, an increase of 36 percent compared to the first six months of 2022. Net income for the six-month period was $25.9 million or $0.75 diluted earnings per share","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-23-084012","anchor_url":"https://secwatch.observer/filing/0001104659-23-084012#claim-fc8f68aaadd1fab37df8c675b4de52ace2e57a5f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/0001104659-23-084012-index.htm"},{"fact_type":"earnings_release","fact_key":"7b2e9f4550d44ebd9b3e48de1749fff4e5f18aa1","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-07-26T23:59:59+00:00","payload":{"eps_text":"$0.42","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$14.3 million","period_text":"the quarter ended June 30, 2023","report_date":"2023-07-26","result_type":"reported_results","revenue_text":"$116.2 million"},"claim":"MARINE PRODUCTS CORP reported the quarter ended June 30, 2023 results: revenue $116.2 million, net income $14.3 million, EPS $0.42.","evidence_excerpt":"For the quarter ended June 30, 2023, Marine Products generated net sales of $116.2 million","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-23-084012","anchor_url":"https://secwatch.observer/filing/0001104659-23-084012#claim-7b2e9f4550d44ebd9b3e48de1749fff4e5f18aa1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/0001104659-23-084012-index.htm"},{"fact_type":"earnings_release","fact_key":"50aa7ddae8072c2de5142ee464580525dd40ba56","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-04-26T23:59:59+00:00","payload":{"eps_text":"$0.34","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$11.5 million","period_text":"first quarter ended March 31, 2023","report_date":"2023-04-26","result_type":"reported_results","revenue_text":"$118.9 million"},"claim":"MARINE PRODUCTS CORP reported first quarter ended March 31, 2023 results: revenue $118.9 million, net income $11.5 million, EPS $0.34.","evidence_excerpt":"boats, which include center consoles, dual consoles and Cayman Bay Boat models. For the quarter ended March 31, 2023, Marine Products\ngenerated record quarterly net sales of $118.9 million, a 55 percent increase compared to $76.6 million in the same quarter of the prior\nyear. The increase in net sales was due to a 40 percent increase in the number of boats sold","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-23-049885","anchor_url":"https://secwatch.observer/filing/0001104659-23-049885#claim-50aa7ddae8072c2de5142ee464580525dd40ba56","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923049885/0001104659-23-049885-index.htm"},{"fact_type":"earnings_release","fact_key":"552d0758e385ede088e473d697d4df5205a0b850","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-01-25T23:59:59+00:00","payload":{"eps_text":"$1.18","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$40.3 million","period_text":"the twelve months ended December 31, 2022","report_date":"2023-01-25","result_type":"reported_results","revenue_text":"$381.0 million"},"claim":"MARINE PRODUCTS CORP reported the twelve months ended December 31, 2022 results: revenue $381.0 million, net income $40.3 million, EPS $1.18.","evidence_excerpt":"Net sales for the twelve months ended December 31, 2022 were a record $381.0 million, an increase of 28 percent compared to the twelve months ended December 31, 2021. Net income during 2022 was a record $40.3 million or $1.18 diluted earnings per share, compared to net income of $29.0 million or $0.85 diluted earnings per share in 2021.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-006360","anchor_url":"https://secwatch.observer/filing/0001104659-23-006360#claim-552d0758e385ede088e473d697d4df5205a0b850","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923006360/0001104659-23-006360-index.htm"},{"fact_type":"earnings_release","fact_key":"4f8a1a4626908e033439f1d163bbd7b4015c007f","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-01-25T23:59:59+00:00","payload":{"eps_text":"$0.35","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$11.9 million","period_text":"the quarter ended December 31, 2022","report_date":"2023-01-25","result_type":"reported_results","revenue_text":"$108.5 million"},"claim":"MARINE PRODUCTS CORP reported the quarter ended December 31, 2022 results: revenue $108.5 million, net income $11.9 million, EPS $0.35.","evidence_excerpt":"For the quarter ended December 31, 2022, Marine Products generated record quarterly net sales of $108.5 million, a 42 percent increase compared to $76.5 million in the same quarter of the prior year. The increase in net sales was due to a 29 percent increase in the number of boats sold during the quarter and a 12 percent increase in the average selling price per boat. Unit sales increased during the quarter primarily due to our success during the quarter in finishing and shipping substantially completed boats from inventory, as supply chain issues continued to improve. Average selling prices increased primarily due to a favorable model mix and price increases to cover increased costs including primarily materials and components. Unit sales increased within all of Chaparral’s models as well as many Robalo models. Gross profit for the fourth quarter of 2022 was $27.3 million compared to $19.2 million in the fourth quarter of the prior year. Gross margin as a percentage of net sales was 2","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001104659-23-006360","anchor_url":"https://secwatch.observer/filing/0001104659-23-006360#claim-4f8a1a4626908e033439f1d163bbd7b4015c007f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923006360/0001104659-23-006360-index.htm"},{"fact_type":"executive_change","fact_key":"8305759a8c","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2022-10-31T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-10-25","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Amy R. Kreisler was appointed as Director at MARINE PRODUCTS CORP.","evidence_excerpt":"On October 25, 2022, the Board of Directors of Marine Products Corporation (the “Company”) appointed Amy R. Kreisler as Director effective October 25, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0001104659-22-112973","anchor_url":"https://secwatch.observer/filing/0001104659-22-112973#claim-8305759a8c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465922112973/0001104659-22-112973-index.htm"},{"fact_type":"executive_change","fact_key":"d065512796","cik":1129155,"ticker":"MPX","company_name":"MARINE PRODUCTS CORP","filed_at":"2022-05-20T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-05-17","interim":false,"role":"Vice President, Chief Financial Officer and Corporate Secretary","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Michael L. Schmit was appointed as Vice President, Chief Financial Officer and Corporate Secretary at MARINE PRODUCTS CORP.","evidence_excerpt":"Michael L. 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