Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special Dividend [Yahoo! Finance]
Marine Products Corporation (MPX)
Last marine products corporation earnings: 4/29 06:45 am
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US:NYSE Investor Relations:
marineproductscorp.com/profile
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Source: Yahoo! Finance
Non-GAAP measures , including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. All comparisons are year-over-year to 1Q:23 unless stated otherwise. First Quarter 2024 Highlights Net sales decreased 42% year-over-year to $69.3 million Net income was $4.6 million , down 60% year-over-year, and diluted Earnings Per Share (EPS) was ; net income margin decreased 310 basis points to 6.6% Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $5.9 million , down 61% year-over-year; EBITDA margin decreased 410 basis points to 8.5% Results reflected softer consumer demand and dealer ordering patterns due to higher interest rates and elevated channel inventory industry-wide, with difficult year-over-year comparisons to strong results in early 2023; the Company has taken steps to adjust production and costs The Board of Directors approved a regular quarterly dividend of pe
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News
- Marine Products Corporation (NYSE:MPX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Marine Products First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.34 in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Reports First Quarter 2024 Financial Results And Declares Regular Quarterly Dividend And $0.70 Per Share Special DividendPR Newswire
- While institutions own 18% of Marine Products Corporation (NYSE:MPX), private companies are its largest shareholders with 58% ownership [Yahoo! Finance]Yahoo! Finance
- Marine Products Corporation Announces Date for First Quarter 2024 Financial Results and Conference CallPR Newswire
MPX
Earnings
- 1/25/24 - Miss
MPX
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- MPX's page on the SEC website