---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-056635"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:24:38.132067+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-056635
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000110465926056635/0001104659-26-056635-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000110465926056635/mpx-20260507x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-056635
- JSON: https://secwatch.observer/filing/0001104659-26-056635.json
- Plain text: https://secwatch.observer/filing/0001104659-26-056635.txt

## Source-grounded claims
- claim_id: c799620e57e7bb9d50cdf734ef9a8d16d2c40bfc
  claim: MARINE PRODUCTS CORP reported first quarter ended March 31, 2026 results: revenue $66.5 million, net income ($2.1) million, EPS ($0.06).
  evidence_excerpt: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1129155/000110465926056635/0001104659-26-056635-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.