earnings
confidence high
sentiment negative
materiality 0.70
Marine Products Q1 net sales down 15% to $59M, EPS $0.06; declares $0.14 dividend
MARINE PRODUCTS CORP
2025-Q1 EPS
reported $0.06
vs consensus $0.08
▼ miss
(-24.8%)
- Net sales $59.0M, down 15% YoY; boats sold down 19%, partially offset by 4% price/mix increase.
- Net income $2.2M ($0.06 diluted EPS), down 52% from $4.6M ($0.13) in 1Q:24.
- EBITDA $3.4M, down 43%; margin 5.8% vs 8.5% a year ago.
- Ended quarter with $57.1M cash, no debt; generated $10.8M operating cash flow.
- Board declared $0.14/share regular quarterly dividend, payable June 10, 2025 to holders of record May 9, 2025.