earnings
confidence high
sentiment negative
materiality 0.60
Marine Products Q2 net sales down 3% to $67.7M; EPS $0.12, declares $0.14 dividend
MARINE PRODUCTS CORP
2025-Q2 EPS
reported $0.18
vs consensus $0.12
▲ beat
(+48.5%)
- Net sales $67.7M (-3% YoY); net income $4.2M (-25%); diluted EPS $0.12 vs $0.14.
- EBITDA $5.6M (-13%); EBITDA margin 8.3% (-100 bps); gross margin improved 20 bps to 19.1%.
- Cash $50.2M, no debt; generated $9.2M operating cash flow YTD; expects FY2025 capex ~$3M.
- Board declared $0.14/quarterly dividend payable Sept 10, 2025; record Aug 11.
- Field unit inventory 11% below prior year; management cites demand stabilization but caution on tariffs.