{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-013560","form_type":"8-K","ticker":"MPX","cik":"0001129155","company_name":"MARINE PRODUCTS CORP","filed_at":"2024-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.739692+00:00","generated_at":"2026-05-30T10:21:09.552851+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Marine Products Q3 net sales down 36% to $49.9M; EPS drops to $0.10 from $0.30","bullets":["Net income fell 67% YoY to $3.4M; diluted EPS was $0.10 vs $0.30 in 3Q:23.","Gross margin decreased 630 bps to 18.4% on lower volumes and incentive programs.","EBITDA margin fell 810 bps to 8.6%; EBITDA was $4.3M vs $13.0M in prior year.","Cash and cash equivalents $53.5M with no debt; regular dividend of $0.14/share declared.","Management cited soft consumer demand and dealer destocking; production reduced."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-013560","json":"https://secwatch.observer/filing/0001558370-24-013560.json","markdown":"https://secwatch.observer/filing/0001558370-24-013560.md","text":"https://secwatch.observer/filing/0001558370-24-013560.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1129155/000155837024013560/0001558370-24-013560-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1129155/000155837024013560/mpx-20241024x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T10:21:09.552851+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}