earnings
confidence high
sentiment positive
materiality 0.80
Marine Products Q3 record net sales $100.1M; EPS $0.34 (+70% YoY)
MARINE PRODUCTS CORP
2022-Q3 EPS reported
$0.83
revenue$272,486,000
- Net sales $100.1M, up 32% YoY; units flat, average selling price +33%.
- Net income $11.5M (+72% YoY); diluted EPS $0.34 vs $0.20 — both records.
- Gross margin improved to 25% from 21% on price increases and model mix.
- EBITDA $15.2M (+72% YoY); operating profit $14.7M (+76% YoY).
- CEO notes easing supply chain, strong dealer demand for new 2023 models.