{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-111233","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.304722+00:00","generated_at":"2026-06-09T09:51:43.332212+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Marine Products Q3 net sales down 22% to $77.8M; EPS $0.30 vs $0.34","bullets":["Net sales $77.8M vs $100.1M YoY; boat units down 24%, average selling price up 5%.","Net income $10.4M ($0.30 diluted EPS) vs $11.5M ($0.34); net margin improved to 13.4% from 11.5%.","Gross profit $19.2M (24.7% margin) vs $25.0M (25.0% margin); operating income $12.4M, down 15%.","SG&A $8.8M, down from $10.3M; includes $1.8M real estate gain in other income.","CEO cites demand normalization and Hurricane Idalia impact; dealer inventories reasonable with production scheduled into 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-111233","json":"https://secwatch.observer/filing/0001104659-23-111233.json","markdown":"https://secwatch.observer/filing/0001104659-23-111233.md","text":"https://secwatch.observer/filing/0001104659-23-111233.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923111233/0001104659-23-111233-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923111233/tm2329060d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T09:51:43.332212+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":"66e036a32e1e353eafeebef39ca8497e74d70a1a","claim":"MARINE PRODUCTS CORP reported quarter ended September 30, 2023 results: revenue $77.8 million, net income $10.4 million, EPS $0.30.","evidence_excerpt":"For the quarter ended September 30, 2023, Marine Products generated net sales of $77.8 million, a 22 percent decrease compared to $100.1 million in the third quarter of the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1129155/000110465923111233/0001104659-23-111233-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2023"},{"label":"Revenue","value":"$77.8 million"},{"label":"Net income","value":"$10.4 million"},{"label":"EPS","value":"$0.30"},{"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"}