---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-010103"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2024-07-25T23:59:59+00:00"
generated_at: "2026-05-31T16:11:08.043453+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Marine Products Q2 EPS $0.14, net sales $69.5M (-40% YoY), net income -61%

## Summary
- Net sales $69.5M, down 40% YoY; net income $5.6M, down 61%; diluted EPS $0.14, down from $0.42.
- EBITDA $6.5M, down 62%; EBITDA margin 9.3%, down 540 bps.
- Declared regular quarterly dividend of $0.14 per share, payable Sept 10, record Aug 9.
- Cash $55.1M, no debt; free cash flow $18.1M YTD; management cites high dealer inventory and weak demand.
- Gross margin 18.9%, down 580 bps due to lower volumes and reinstitution of retail incentives.

## SEC filing metadata
- accession: 0001558370-24-010103
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2024-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000155837024010103/0001558370-24-010103-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000155837024010103/mpx-20240725x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-010103
- JSON: https://secwatch.observer/filing/0001558370-24-010103.json
- Plain text: https://secwatch.observer/filing/0001558370-24-010103.txt

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