---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-005327"
form_type: "8-K"
ticker: "MPX"
cik: "0001129155"
company_name: "MARINE PRODUCTS CORP"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:41:36.561528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Marine Products Q1 net sales down 15% to $59M, EPS $0.06; declares $0.14 dividend

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-25-005327
- form_type: 8-K
- ticker: MPX
- cik: 0001129155
- company_name: MARINE PRODUCTS CORP
- filed_at: 2025-04-24T23:59:59+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/1129155/000155837025005327/0001558370-25-005327-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1129155/000155837025005327/mpx-20250424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-005327
- JSON: https://secwatch.observer/filing/0001558370-25-005327.json
- Plain text: https://secwatch.observer/filing/0001558370-25-005327.txt

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