---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-050622"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T03:56:41.850453+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Marine Products Q1 net sales $76.6M (-2.2% YoY); EPS $0.21 vs $0.24

## Summary
- Net sales $76.6M, down 2.2% YoY; diluted EPS $0.21 vs $0.24 in prior year quarter.
- Gross margin improved to 24.0% from 23.6% on favorable mix and price increases.
- Unit sales fell 20.9% but average selling price rose 23.3% due to price hikes and mix.
- Operating profit $9.2M, down 8.7% vs $10.0M a year ago; SG&A up to $9.2M.
- Management cites supply chain challenges and higher boat show costs as key headwinds.

## SEC filing metadata
- accession: 0001104659-22-050622
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2022-04-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000110465922050622/0001104659-22-050622-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000110465922050622/tm2213639d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-050622
- JSON: https://secwatch.observer/filing/0001104659-22-050622.json
- Plain text: https://secwatch.observer/filing/0001104659-22-050622.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.