Marine Products Q1 net loss $2.1M; sales up 13%; merger vote May 12

MARINE PRODUCTS CORP

2026-Q1 EPS reported -$0.06 revenue$66,533,000

Net sales $66.5M, up 13% YoY; net loss ($2.1M) vs prior year income $2.2M.
Diluted EPS ($0.06); adjusted diluted EPS $0.05; merger costs of $5.0M pretax.
Cash $45.8M with no debt; dividend $0.14/sh declared, payable May 14.
Merger with MasterCraft: shareholder votes on May 12; HSR cleared; expected close Q2 2026.
Gross margin down 200bps to 16.6% on higher labor and overhead costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.97

MARINE PRODUCTS CORP reported first quarter ended March 31, 2026 results: revenue $66.5 million, net income ($2.1) million, EPS ($0.06).

Period: first quarter ended March 31, 2026
Revenue: $66.5 million
Net income: ($2.1) million
EPS: ($0.06)
Result: reported results

Exact text from the filing

of this earnings release. * All comparisons are year-over-year to 1Q:25 unless stated otherwise. First Quarter 2026 Results ● Net sales increased 13% year-over-year to $66.5 million. ● Net (loss) income was ($2.1) million, versus $2.2 million in the prior year period, and Diluted Earnings (Loss) Per Share (EPS) was ($0.06); Net income margin decreased 680

View on SEC.gov

Browse all earnings releases →

MARINE PRODUCTS CORP filing history →

Source: SEC EDGAR

accession 0001104659-26-056635

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.