secwatch.observer — SEC 8-K summary
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Issuer:     MARINE PRODUCTS CORP (MPX)
CIK:        0001129155
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001104659-22-050622
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1129155/000110465922050622/0001104659-22-050622-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1129155/000110465922050622/tm2213639d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-050622

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