Marine Products Q2 net sales $95.8M (+42% YoY); EPS $0.29 (+71%)

MARINE PRODUCTS CORP

2022-Q2 EPS reported $0.50 revenue$172,425,000

Net sales $95.8M, +42% YoY; diluted EPS $0.29, +71% from $0.17 in prior year.
Gross margin improved to 24% from 22%; operating profit $13.1M, +77% YoY.
CEO: supply chain issues improving but sporadic shortages persist; high dealer demand.
Dealer inventories remain at historic lows; consumer demand exceeds industry capacity.
No guidance update; focus on maximizing production and quality.

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