---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-000519"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2025-01-30T23:59:59+00:00"
generated_at: "2026-05-27T05:09:25.407384+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-000519
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2025-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1129155/000155837025000519/0001558370-25-000519-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000155837025000519/mpx-20250130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-000519
- JSON: https://secwatch.observer/filing/0001558370-25-000519.json
- Plain text: https://secwatch.observer/filing/0001558370-25-000519.txt

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