{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-049885","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-04-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.016359+00:00","generated_at":"2026-06-16T11:50:48.112408+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Marine Products Q1 net sales record $118.9M, +55% YoY; EPS $0.34 +62%","bullets":["Revenue $118.9M (+55% YoY); diluted EPS $0.34 (up 62% from $0.21).","Unit sales up 40%; avg selling price up 12% on favorable model mix.","Net income $11.5M (+64%); operating profit $14.5M (+58%) incl $2.1M pension settlement charge.","EBITDA $15.0M (+56%); gross margin 24% flat vs prior year.","CEO notes dealer inventories normalizing but still below pre-pandemic; cautious on macro headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-049885","json":"https://secwatch.observer/filing/0001104659-23-049885.json","markdown":"https://secwatch.observer/filing/0001104659-23-049885.md","text":"https://secwatch.observer/filing/0001104659-23-049885.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923049885/0001104659-23-049885-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923049885/tm2313722d2_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T11:50:48.112408+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"50aa7ddae8072c2de5142ee464580525dd40ba56","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 generated record quarterly net sales of $118.9 million, a 55 percent increase compared to $76.6 million in the same quarter of the prior year. The increase in net sales was due to a 40 percent increase in the number of boats sold","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923049885/0001104659-23-049885-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$118.9 million"},{"label":"Net income","value":"$11.5 million"},{"label":"EPS","value":"$0.34"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}