secwatch.observer — SEC 8-K summary
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Issuer:     MARINE PRODUCTS CORP (MPX)
CIK:        0001129155
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001558370-25-000519
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1129155/000155837025000519/0001558370-25-000519-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1129155/000155837025000519/mpx-20250130x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-000519

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