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Stock impact report

Marine Products Corporation Reports First Quarter 2020 Financial Results

Marine Products Corporation (MPX) 
Last marine products corporation earnings: 4/29 06:45 am Check Earnings Report
US:NYSE Investor Relations: marineproductscorp.com/profile
Company Research Source: PR Newswire
ATLANTA, April 29, 2020 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2020.  Marine Products is a leading manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series.  Chaparral's outboard offerings include various models, such as OSX Luxury Sportboats, the 257 SSX OB, five SSi outboard models and SunCoast Sportdecks. Robalo builds an array of outboard sport fishing boats, which include center consoles, dual consoles and Cayman Bay Boat models. Chaparral also offers jet powered boats under the Vortex brand name.For the quarter ended March 31, 2020, Marine Products generated net sales of $59,119,000, a 28.8 percent decrease compared to $83,053,000 in the same period of the prior year.  The decrease in net sales was due to a 28.9 percent decrease in the number of units sold during the quarter as comp Show less Read more
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