secwatch.observer — SEC 8-K summary
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Issuer:     MARINE PRODUCTS CORP (MPX)
CIK:        0001129155
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001558370-25-005327
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1129155/000155837025005327/0001558370-25-005327-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1129155/000155837025005327/mpx-20250424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005327

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