{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-084012","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.204228+00:00","generated_at":"2026-06-13T02:13:31.458774+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Marine Products Q2 net sales up 21% to $116.2M; EPS rises 45% to $0.42","bullets":["Net sales $116.2M, up 21% YoY; unit sales +11%, avg selling price +10%.","Net income $14.3M ($0.42 diluted EPS) vs $10.0M ($0.29), up 44% and 45% respectively.","Gross margin improved to 24.7% from 24.0%; operating profit $16.5M, up 26%.","Six-month net sales $235.1M, net income $25.9M ($0.75 diluted EPS) vs $17.0M ($0.50) prior year.","Effective tax rate dropped to 16.8% from 24.0% due to favorable permanent and discrete adjustments."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-084012","json":"https://secwatch.observer/filing/0001104659-23-084012.json","markdown":"https://secwatch.observer/filing/0001104659-23-084012.md","text":"https://secwatch.observer/filing/0001104659-23-084012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/0001104659-23-084012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/tm2322016d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:13:31.458774+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":"7b2e9f4550d44ebd9b3e48de1749fff4e5f18aa1","claim":"MARINE PRODUCTS CORP reported the quarter ended June 30, 2023 results: revenue $116.2 million, net income $14.3 million, EPS $0.42.","evidence_excerpt":"For the quarter ended June 30, 2023, Marine Products generated net sales of $116.2 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/0001104659-23-084012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$116.2 million"},{"label":"Net income","value":"$14.3 million"},{"label":"EPS","value":"$0.42"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fc8f68aaadd1fab37df8c675b4de52ace2e57a5f","claim":"MARINE PRODUCTS CORP reported the six months ended June 30, 2023 results: revenue $235.1 million, net income $25.9 million, EPS $0.75 diluted earnings per share.","evidence_excerpt":"Net sales for the six months ended June 30, 2023 were $235.1 million, an increase of 36 percent compared to the first six months of 2022. Net income for the six-month period was $25.9 million or $0.75 diluted earnings per share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923084012/0001104659-23-084012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$235.1 million"},{"label":"Net income","value":"$25.9 million"},{"label":"EPS","value":"$0.75 diluted earnings per share"},{"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"}