Marine Products Q4 net sales down 33% YoY to $47.8M; EBITDA $4.4M; declares $0.14 dividend

MARINE PRODUCTS CORP

2024-FY EPS reported $0.50 revenue$236,555,000

Q4 net sales fell 33% YoY to $47.8M; net income $4.3M, diluted EPS $0.12 (down 21% YoY).
Full-year net sales $236.6M (-38% YoY); net income $17.9M, EPS $0.50; EBITDA $21.1M, margin 8.9%.
Ended 2024 with $52.4M cash, no debt, and generated $24.9M free cash flow for the year.
Board declared regular quarterly dividend of $0.14/share, payable March 10, 2025 to holders of record Feb 10, 2025.
Management cites smallest quarterly sales decline of 2024 but cautious dealer inventories and soft consumer demand.

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