MARINE PRODUCTS CORP (MPX) Form 10-Q — May 8, 2026
Marine Products Corporation reported a net loss of $2.1 million for the first quarter of 2026, a significant decrease from the net income of $2.2 million in the same period of 2025. This decline was primarily due to $5.0 million in merger-related costs associated with the proposed transaction with MasterCraft. Consolidated net sales increased 12.8% to $66.5 million for the first quarter of 2026 compared to the same period in 2025. The increase was driven by a price/mix increase of 15%, slightly offset by a 1% decrease in the number of boats sold.
Key figures
- Revenue
- 66533
- Guidance
- If the Mergers are not completed during 2026, management expects capital expenditures will be approximately $1 million to $5 million.
- Total Debt
- 31144
- Revenue Yoy
- 12.8
- Cash And Equivalents
- 45799
Price after filing
Close on the filing date to close N calendar days later (from $8.76). Historical, not a forecast.
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