The earnings call reflects a mixed sentiment. While there were improvements in inventory management, gross profit margin, and potential for sales growth in the latter part of the year, these positives were counterbalanced by declines in sales, EPS, EBITDA, and increased expenses. The strong cash position is a notable positive, but macroeconomic uncertainties remain a concern.
Company Guidance -
Q3 2025
In the second quarter of 2025, Marine Products Corporation reported a 3% decline in sales to $67.7 million compared to the previous year, primarily due to a 13% decrease in the number of boats sold. However, this was partially offset by a positive 10% net increase in price and mix. Despite the sales dip, the company achieved a gross profit margin of 19.1%, up 20 basis points from the prior year, attributed to better cost alignment with production needs. SG&A expenses rose by 9% to $8.1 million, representing 12% of sales, an increase of 130 basis points year-over-year. The company reported a diluted EPS of $0.12, down from $0.14 last year, and EBITDA decreased to $5.6 million from $6.5 million. Operating cash flow was $9.2 million with free cash flow at $8.6 million, while CapEx was $400,000, with expectations to increase to between $2 million and $3 million by year-end. The company ended the quarter with $50 million in cash and no debt, having paid $9.8 million in dividends year-to-date.
Reduced Field Inventory
Despite industry-wide retail sales declines, the company reduced its field inventory by 11% year-over-year, indicating effective inventory management.
Increased Gross Profit Margin
Gross profit margin percentage increased by 20 basis points to 19.1% due to better alignment of cost structure with production needs and a positive price and mix effect.
Positive Sales Growth Potential
The company experienced a 15% sales increase over the first quarter of the year and sees potential for sales growth versus the prior year in the second half of 2025.
Strong Cash Position
The company ended the second quarter with $50 million in cash and no debt, demonstrating strong liquidity.
Marine Products (MPX) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MPX Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 24, 2025
$8.90
$9.02
+1.35%
Apr 24, 2025
$8.46
$8.42
-0.47%
Jan 30, 2025
$8.69
$9.20
+5.87%
Oct 24, 2024
$9.02
$9.17
+1.66%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Marine Products Corp. (MPX) report earnings?
Marine Products Corp. (MPX) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).
What is Marine Products Corp. (MPX) earnings time?
Marine Products Corp. (MPX) earnings time is at Oct 22, 2025, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.