View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsMarine Products 過去の業績過去 基準チェック /06Marine Productsの収益は年間平均-15.1%の割合で減少していますが、 Leisure業界の収益は年間 減少しています。収益は年間8.9% 5.4%割合で 減少しています。 Marine Productsの自己資本利益率は6%であり、純利益率は2.8%です。主要情報-15.13%収益成長率-15.57%EPS成長率Leisure 業界の成長16.88%収益成長率-5.44%株主資本利益率6.02%ネット・マージン2.82%前回の決算情報31 Mar 2026最近の業績更新Reported Earnings • May 07First quarter 2026 earnings released: US$0.059 loss per share (vs US$0.064 profit in 1Q 2025)First quarter 2026 results: US$0.059 loss per share (down from US$0.064 profit in 1Q 2025). Revenue: US$66.5m (up 13% from 1Q 2025). Net loss: US$2.07m (down 194% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.お知らせ • Apr 17Marine Products Corporation to Report Q1, 2026 Results on May 07, 2026Marine Products Corporation announced that they will report Q1, 2026 results Pre-Market on May 07, 2026Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$0.33 (vs US$0.52 in FY 2024)Full year 2025 results: EPS: US$0.33 (down from US$0.52 in FY 2024). Revenue: US$244.4m (up 3.3% from FY 2024). Net income: US$11.4m (down 36% from FY 2024). Profit margin: 4.7% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Jan 20Marine Products Corporation to Report Q4, 2025 Results on Feb 06, 2026Marine Products Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 06, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.076 (vs US$0.098 in 3Q 2024)Third quarter 2025 results: EPS: US$0.076 (down from US$0.098 in 3Q 2024). Revenue: US$53.1m (up 6.6% from 3Q 2024). Net income: US$2.65m (down 22% from 3Q 2024). Profit margin: 5.0% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Oct 08Marine Products Corporation to Report Q3, 2025 Results on Oct 30, 2025Marine Products Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025すべての更新を表示Recent updatesお知らせ • May 15+ 35 more updatesMasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) completed the acquisition of Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others.MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into an agreement and plan of merger to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million on February 5, 2026. Under the terms of the agreement, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Based on MasterCraft’s closing share price of $23.12 on February 4, 2026, this consideration implies a value of $7.79 per Marine Products share. The corresponding transaction value of $232.2 million represents approximately 7.2x Marine Products’ expected EBITDA for the twelve months ending June 30, 2026, after adjusting for the elimination of approximately $6 million of public company costs and corporate overhead. Upon closing of the transaction, MasterCraft shareholders will own 66.6% and Marine Products shareholders will own 33.4% of the combined company. The transaction has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Board of Directors of Marine Products. The transaction is expected to be financed through combined cash on hand. MCBH intends to fund the cash portion of the consideration with combined cash on hand. As of December 31, 2025, MCBH and Marine Products had cash and cash equivalents of $81.4 million and $43.5 million, respectively. In case of termination, Marine Products is required to pay MasterCraft a termination fee of $11.6 million, and vice versa. Upon completion of the transaction, Nelson, Chief Executive Officer of MasterCraft, will serve as Chief Executive Officer of the combined company, and Scott Kent, Chief Financial Officer of MasterCraft, will serve as Chief Financial Officer of the combined company. MasterCraft expects to maintain the Chaparral and Robalo leadership teams, brands and employees as a separate operating unit. Following closing, MasterCraft’s Board of Directors will expand from seven to 10 directors and include three new directors. Roch Lambert will serve as Chair of the Board of the combined company. The combined company will be headquartered in Vonore, Tennessee and will maintain the Chaparral and Robalo operating facilities in Nashville, Georgia. Upon completion, Marine Products common stock will be delisted from the NYSE and deregistered under the Exchange Act. The transaction is expected to close in the second calendar quarter of 2026, subject to approval by both MasterCraft and Marine Products shareholders and the satisfaction of other customary closing conditions. The transaction has been unanimously approved by the Board of Directors of both companies and the Special Committee of the Board of Directors for Marine Products. On April 6, 2026, the condition precedent to the Mergers relating to the expiration or termination of the waiting period under the HSR Act has been satisfied. On May 12, 2026, Marine Products Corporation's shareholders approved the transaction. The transaction is expected to close on or about May 15, 2026. Wells Fargo is acting as exclusive financial advisor to MasterCraft and the team of King & Spalding LLP led by Keith Townsend, Rob Leclerc and Zack Davis is serving as legal counsel. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MasterCraft. Truist Securities is serving as exclusive financial advisor to Marine Products, and Alston & Bird LLP is serving as legal advisor. Potter Anderson & Corroon LLP is serving as legal counsel to the Special Committee of the Marine Products board. Gagnier Communications LLC is serving as strategic communications advisor to Marine Products. McDermott Will & Schulte LLP is serving as legal advisor to LOR, Inc. Okapi Partners LLC acted as information agent and Equiniti Trust Company, LLC acted as transfer agent and registrar to MasterCraft. Alliance Advisors, LLC acted as information agent to Marine Products. MasterCraft has agreed to pay Okapi Partners LLC an estimated fee of $27,000. Meanwhile, Marine Products has agreed to pay Alliance Advisors, LLC an estimated fee of $10,000. In addition, MasterCraft has agreed to pay Wells Fargo an aggregate fee of $4.25 million, $2 million of which became payable upon the rendering of Wells Fargo’s opinion. MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) completed the acquisition of Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others on May 15, 2026.New Risk • May 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 207% Cash payout ratio: 154% Earnings have declined by 15% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).Reported Earnings • May 07First quarter 2026 earnings released: US$0.059 loss per share (vs US$0.064 profit in 1Q 2025)First quarter 2026 results: US$0.059 loss per share (down from US$0.064 profit in 1Q 2025). Revenue: US$66.5m (up 13% from 1Q 2025). Net loss: US$2.07m (down 194% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.Declared Dividend • May 01Fourth quarter dividend of US$0.14 announcedDividend of US$0.14 is the same as last year. Ex-date: 8th May 2026 Payment date: 14th May 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (172% earnings payout ratio) nor is it covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 91% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend.お知らせ • Apr 29Marine Products Corporation Declares a Regular Quarterly Cash Dividend, Payable on May 14, 2026Marine Products Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable May 14, 2026 to common stockholders of record at the close of business on May 8, 2026.お知らせ • Apr 17Marine Products Corporation to Report Q1, 2026 Results on May 07, 2026Marine Products Corporation announced that they will report Q1, 2026 results Pre-Market on May 07, 2026Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$8.05, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 26x in the Leisure industry in the US. Total loss to shareholders of 26% over the past three years.New Risk • Feb 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 131% Earnings have declined by 9.1% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin).Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$0.33 (vs US$0.52 in FY 2024)Full year 2025 results: EPS: US$0.33 (down from US$0.52 in FY 2024). Revenue: US$244.4m (up 3.3% from FY 2024). Net income: US$11.4m (down 36% from FY 2024). Profit margin: 4.7% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.お知らせ • Feb 05MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into a definitive agreement to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million.MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into a definitive agreement to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million on February 5, 2026. Under the terms of the agreement, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Based on MasterCraft’s closing share price of $23.12 on February 4, 2026, this consideration implies a value of $7.79 per Marine Products share. The corresponding transaction value of $232.2 million represents approximately 7.2x Marine Products’ expected EBITDA for the twelve months ending June 30, 2026, after adjusting for the elimination of approximately $6 million of public company costs and corporate overhead. Upon closing of the transaction, MasterCraft shareholders will own 66.5% and Marine Products shareholders will own 33.5% of the combined company. The transaction has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Board of Directors of Marine Products. The transaction is expected to be financed through combined cash on hand. MCBH intends to fund the cash portion of the consideration with combined cash on hand. As of December 31, 2025, MCBH and Marine Products had cash and cash equivalents of $81.4 million and $43.5 million, respectively. Upon completion of the transaction, Nelson, Chief Executive Officer of MasterCraft, will serve as Chief Executive Officer of the combined company, and Scott Kent, Chief Financial Officer of MasterCraft, will serve as Chief Financial Officer of the combined company. MasterCraft expects to maintain the Chaparral and Robalo leadership teams, brands and employees as a separate operating unit. Following closing, MasterCraft’s Board of Directors will expand from seven to 10 directors and include three new directors. Roch Lambert will serve as Chair of the Board of the combined company. The combined company will be headquartered in Vonore, Tennessee and will maintain the Chaparral and Robalo operating facilities in Nashville, Georgia. The transaction is expected to close in the second calendar quarter of 2026, subject to approval by both MasterCraft and Marine Products shareholders and the satisfaction of other customary closing conditions. The transaction has been unanimously approved by the Board of Directors of both companies and the Special Committee of the Board of Directors for Marine Products. Wells Fargo is acting as exclusive financial advisor to MasterCraft and King & Spalding LLP is serving as legal counsel. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MasterCraft. Truist Securities is serving as exclusive financial advisor to Marine Products, and Alston & Bird LLP is serving as legal advisor. Potter Anderson & Corroon LLP is serving as legal counsel to the Special Committee of the Marine Products board. Gagnier Communications LLC is serving as strategic communications advisor to Marine Products. McDermott Will & Schulte LLP is serving as legal advisor to LOR, Inc.分析記事 • Jan 31Marine Products (NYSE:MPX) Is Due To Pay A Dividend Of $0.14Marine Products Corporation's ( NYSE:MPX ) investors are due to receive a payment of $0.14 per share on 10th of March...Declared Dividend • Jan 30Third quarter dividend of US$0.14 announcedDividend of US$0.14 is the same as last year. Ex-date: 10th February 2026 Payment date: 10th March 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend.お知らせ • Jan 28+ 1 more updateMarine Products Corporation Announces Jerry W. Nix Informs That He Will Not Stand for Reelection as Director and Committee'sOn January 27, 2026, Jerry W. Nix, a current director of Marine Products Corporation, informed the Board of Directors that he will not stand for reelection as a director at the Company’s 2026 Annual Meeting of Stockholders. Mr. Nix will serve out his term and continue to serve as a director of the Company until the 2026 Annual Meeting and will continue as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee, and as a member of the Audit Committee, until the 2026 Annual Meeting. Mr. Nix’s decision not to stand for reelection was not due to any disagreement between Mr. Nix and the Company regarding any matter relating to the Company’s operations, policies or practices.Seeking Alpha • Jan 22Marine Products: A Contrarian Setup, But The Stock Is Not CheapSummary Marine Products Corp. is a leading motorboat manufacturer with a strong market presence. MPX is benefiting from a normalization in dealers' inventory dynamics. The historical link between consumer sentiment and MPX sales is weakening, reflecting a temporary transition to a mechanical demand as dealers readjusted inventory. Read the full article on Seeking Alphaお知らせ • Jan 20Marine Products Corporation to Report Q4, 2025 Results on Feb 06, 2026Marine Products Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 06, 2026Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.076 (vs US$0.098 in 3Q 2024)Third quarter 2025 results: EPS: US$0.076 (down from US$0.098 in 3Q 2024). Revenue: US$53.1m (up 6.6% from 3Q 2024). Net income: US$2.65m (down 22% from 3Q 2024). Profit margin: 5.0% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.New Risk • Oct 30New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 126% Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).お知らせ • Oct 30Marine Products Corporation Declares Regular Quarterly Dividend ,Payable on December 10, 2025Marine Products Corporation declared a regular cash quarterly dividend of $0.14 per share payable on December 10, 2025, to common stockholders of record at the close of business on November 10, 2025.お知らせ • Oct 08Marine Products Corporation to Report Q3, 2025 Results on Oct 30, 2025Marine Products Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025分析記事 • Jul 27Marine Products (NYSE:MPX) Has Announced A Dividend Of $0.14Marine Products Corporation ( NYSE:MPX ) will pay a dividend of $0.14 on the 10th of September. This means the annual...Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: US$0.12 (vs US$0.16 in 2Q 2024)Second quarter 2025 results: EPS: US$0.12 (down from US$0.16 in 2Q 2024). Revenue: US$67.7m (down 2.7% from 2Q 2024). Net income: US$4.16m (down 26% from 2Q 2024). Profit margin: 6.1% (down from 8.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Jul 24Marine Products Corporation Declares Quarterly Dividend, Payable on September 10, 2025The Board of Directors of Marine Products Corporation declared a regular quarterly dividend of $0.14 per share payable on September 10, 2025, to common stockholders of record at the close of business on August 11, 2025.お知らせ • Jul 15Marine Products Corporation Appoints Gary Kolstad to the Board of Directors, Effective July 14, 2025On July 14, 2025, the Board of Directors of Marine Products Corporation appointed Gary Kolstad as an Independent Director effective as of July 14, 2025 . Mr. Kolstad will be compensated on the same basis as the other non-employee directors, and he has not been appointed to any committees at this time. Kolstad holds a B.S. Degree from Montana Technological University in petroleum engineering and studied Psychology and Engineering at Montana State University-Bozeman. After a long career in various positions at a large, international company, he served as Chairman and CEO of public and private companies and currently holds multiple Advisory Board Member and Investor positions. Marine Products Corporation is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo. Chaparral’s sterndrive models include SSi Sportboats and SSX Luxury Sportboats, and the SURF Series. Chaparral’s outboard offerings include OSX Luxury Sportboats and the SSi Outboard Bowriders. Robalo builds an array of outboard sport fishing models, which include Center Consoles, Dual Consoles and Cayman Bay Boats. The Company continues to diversify its product lines through product innovation. With these premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and generate superior financial performance to build long-term shareholder value.分析記事 • Jul 04Marine Products (NYSE:MPX) Will Be Hoping To Turn Its Returns On Capital AroundDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...お知らせ • Jul 02Marine Products Corporation to Report Q2, 2025 Results on Jul 24, 2025Marine Products Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 24, 2025New Risk • Apr 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 95% Dividend yield: 6.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 95% Minor Risk Profit margins are more than 30% lower than last year (6.8% net profit margin).Declared Dividend • Apr 27First quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is covered by cash flows (79% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control. However, EPS has declined by 9.7% over the last 5 years so the company would need to reverse this trend.Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$0.063 (vs US$0.13 in 1Q 2024)First quarter 2025 results: EPS: US$0.063 (down from US$0.13 in 1Q 2024). Revenue: US$59.0m (down 15% from 1Q 2024). Net income: US$2.21m (down 52% from 1Q 2024). Profit margin: 3.7% (down from 6.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Apr 04Marine Products Corporation to Report Q1, 2025 Results on Apr 24, 2025Marine Products Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025Seeking Alpha • Mar 30Marine Products Corporation: Attractive If You Can Handle The Bumpy CruiseSummary Marine Products Corporation faces declining sales and profits, with shares plunging 33.7% despite a strong balance sheet and no debt. The boating industry is struggling due to lower demand, high-interest rates, and post-pandemic inventory issues, impacting Marine Products' revenue and profitability. Tariffs pose additional risks, but the company's robust cash position and potential for recovery justify a cautious 'buy' rating for risk-tolerant investors. Despite current challenges, Marine Products' ability to adapt and generate cash flow, combined with a stronger balance sheet, suggests potential upside when the industry recovers. Read the full article on Seeking AlphaReported Earnings • Mar 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$0.52 (down from US$1.21 in FY 2023). Revenue: US$236.6m (down 38% from FY 2023). Net income: US$17.9m (down 57% from FY 2023). Profit margin: 7.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Leisure industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.Buy Or Sell Opportunity • Feb 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to US$8.51. The fair value is estimated to be US$10.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 9.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 3.7% in the next 2 years.お知らせ • Feb 24Marine Products Corporation, Annual General Meeting, Apr 22, 2025Marine Products Corporation, Annual General Meeting, Apr 22, 2025. Location: at 2170 piedmont road, ne,georgia, atlanta United StatesNew Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).Buy Or Sell Opportunity • Feb 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to US$8.88. The fair value is estimated to be US$11.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 9.3%. Revenue is forecast to grow by 4.8% in a year. Earnings are forecast to decline by 2.5% in the next year.Declared Dividend • Feb 02Fourth quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 10th February 2025 Payment date: 10th March 2025 Dividend yield will be 13%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (78% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Jan 31Marine Products Corporation Announces Board ResignationsMarine Products Corporation announced that in order to facilitate the declassification of the Company’s Board of Directors, it is expected that each of Gary W. Rollins, Richard A. Hubbell, John F. Wilson, Timothy C. Rollins, Pamela R. Rollins, Susan R. Bell and Amy R. Kreisler will tender his or her resignation from the Board of Directors immediately following the filing of the Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware that effects the declassification, solely for the purpose of shortening their terms as directors of the Company in order that each such director may then be reappointed to the Board for a one-year term that will expire at the 2026 Annual Meeting.Reported Earnings • Jan 30Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$0.52 (down from US$1.21 in FY 2023). Revenue: US$236.6m (down 38% from FY 2023). Net income: US$17.9m (down 57% from FY 2023). Profit margin: 7.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.お知らせ • Jan 30Marine Products Corporation Declares Regular Quarterly Dividend, Payable on March 10, 2025Marine Products Corporation announced the board of directors declared a regular quarterly dividend of $0.14 per share, payable on March 10, 2025, to common stockholders of record at the close of business on February 10, 2025.お知らせ • Jan 08Marine Products Corporation to Report Q4, 2024 Results on Jan 30, 2025Marine Products Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025Buy Or Sell Opportunity • Dec 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to US$9.15. The fair value is estimated to be US$11.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 5.6% in a year. Earnings are forecast to decline by 12% in the next year.Seeking Alpha • Nov 19Marine Products: Uncertainty Persists With Slight Optimism After Q3 WeaknessSummary Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlook remains uncertain as customers are still waiting for more extensive rate cuts. On the other hand, normalizing dealer inventory levels suggests slight optimism for manufacturers. I again estimate the MPX stock to be undervalued, now with a 44% upside into a fair value of $13.97. Read the full article on Seeking Alpha分析記事 • Oct 31Some Investors May Be Willing To Look Past Marine Products' (NYSE:MPX) Soft EarningsThe market for Marine Products Corporation's ( NYSE:MPX ) shares didn't move much after it posted weak earnings...分析記事 • Oct 27Marine Products (NYSE:MPX) Will Pay A Dividend Of $0.14Marine Products Corporation ( NYSE:MPX ) will pay a dividend of $0.14 on the 10th of December. The dividend yield will...Declared Dividend • Oct 27Third quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 8th November 2024 Payment date: 10th December 2024 Dividend yield will be 13%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. However, EPS is expected to decline by 1.1% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (107% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin).Buy Or Sell Opportunity • Oct 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to US$9.40. The fair value is estimated to be US$11.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 5.6% in a year. Earnings are forecast to decline by 7.4% in the next year.Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.098 (down from US$0.30 in 3Q 2023). Revenue: US$49.9m (down 36% from 3Q 2023). Net income: US$3.40m (down 67% from 3Q 2023). Profit margin: 6.8% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Leisure industry in the US are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.お知らせ • Oct 24Marine Products Corporation Declares Regular Quarterly Dividend, Payable on December 10, 2024The Board of Directors of Marine Products Corporation declared a regular quarterly dividend of $0.14 per share payable on December 10, 2024, to common stockholders of record at the close of business on November 11, 2024.お知らせ • Oct 08Marine Products Corporation to Report Q3, 2024 Results on Oct 24, 2024Marine Products Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024新しいナラティブ • Sep 24Rising Costs And Lower Demand Sink Profit Margins And Shareholder Value Marine Products is facing sales challenges due to dealer hesitations and high interest rates affecting demand.Seeking Alpha • Aug 29Marine Products: In The Midst Of A Rough Patch But Still ProfitableSummary The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable. The company’s cash position is very strong and it has no financial debt. Read the full article on Seeking AlphaPrice Target Changed • Aug 11Price target decreased by 28% to US$8.00Down from US$11.14, the current price target is provided by 1 analyst. New target price is 14% below last closing price of US$9.27. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$0.42 for next year compared to US$1.21 last year.Declared Dividend • Jul 28Second quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 9th August 2024 Payment date: 10th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 26Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: US$0.16 (down from US$0.42 in 2Q 2023). Revenue: US$69.5m (down 40% from 2Q 2023). Net income: US$5.59m (down 61% from 2Q 2023). Profit margin: 8.0% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Leisure industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.分析記事 • Jul 17A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)Key Insights Marine Products' estimated fair value is US$9.75 based on 2 Stage Free Cash Flow to Equity Marine...Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$10.38, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Leisure industry in the US. Total loss to shareholders of 25% over the past three years.お知らせ • Jul 11Marine Products Corporation to Report Q2, 2024 Results on Jul 25, 2024Marine Products Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024Seeking Alpha • Jun 07Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)Summary MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution. The valuation now represents an attractive opportunity. Read the full article on Seeking AlphaNew Risk • May 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.分析記事 • Apr 28Marine Products (NYSE:MPX) Has Announced A Dividend Of $0.14The board of Marine Products Corporation ( NYSE:MPX ) has announced that it will pay a dividend on the 10th of June...収支内訳Marine Products の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史NYSE:MPX 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 26252731231 Dec 252441131230 Sep 252281329130 Jun 252241427131 Mar 252261527131 Dec 242371828130 Sep 242601929130 Jun 242882630131 Mar 243343534131 Dec 233844243130 Sep 234214844030 Jun 234444953031 Mar 234234548031 Dec 223814042030 Sep 223493737130 Jun 223253228131 Mar 222962829131 Dec 212982931130 Sep 212932831130 Jun 212862733131 Mar 212592330131 Dec 202401928130 Sep 202171627130 Jun 202201725131 Mar 202682528131 Dec 192922831130 Sep 193062931130 Jun 193062932131 Mar 193042831131 Dec 182992830130 Sep 183022830130 Jun 182892530131 Mar 182742229131 Dec 172671928130 Sep 172592029130 Jun 172552028131 Mar 172491827131 Dec 162411727130 Sep 162341625130 Jun 162261525131 Mar 162201524131 Dec 152071423130 Sep 151951222130 Jun 1518611211質の高い収益: MPXには$5.5M } という大きな 一回限りの 損失があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: MPXの現在の純利益率 (2.8%)は、昨年(6.8%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: MPXの収益は過去 5 年間で年間15.1%減少しました。成長の加速: MPXは過去 1 年間の収益成長がマイナスであったため、5 年間の平均と比較することはできません。収益対業界: MPXは過去 1 年間で収益成長率がマイナス ( -54% ) となったため、 Leisure業界平均 ( -10.1% ) と比較することが困難です。株主資本利益率高いROE: MPXの 自己資本利益率 ( 6% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YConsumer-durables 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/14 03:10終値2026/05/14 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Marine Products Corporation 0 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。3 アナリスト機関Eric WoldB. Riley Securities, Inc.Brandon RolléD.A. Davidson & Co.Aaron SyvertsenSidoti & Company, LLC
Reported Earnings • May 07First quarter 2026 earnings released: US$0.059 loss per share (vs US$0.064 profit in 1Q 2025)First quarter 2026 results: US$0.059 loss per share (down from US$0.064 profit in 1Q 2025). Revenue: US$66.5m (up 13% from 1Q 2025). Net loss: US$2.07m (down 194% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 17Marine Products Corporation to Report Q1, 2026 Results on May 07, 2026Marine Products Corporation announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$0.33 (vs US$0.52 in FY 2024)Full year 2025 results: EPS: US$0.33 (down from US$0.52 in FY 2024). Revenue: US$244.4m (up 3.3% from FY 2024). Net income: US$11.4m (down 36% from FY 2024). Profit margin: 4.7% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Jan 20Marine Products Corporation to Report Q4, 2025 Results on Feb 06, 2026Marine Products Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 06, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.076 (vs US$0.098 in 3Q 2024)Third quarter 2025 results: EPS: US$0.076 (down from US$0.098 in 3Q 2024). Revenue: US$53.1m (up 6.6% from 3Q 2024). Net income: US$2.65m (down 22% from 3Q 2024). Profit margin: 5.0% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Oct 08Marine Products Corporation to Report Q3, 2025 Results on Oct 30, 2025Marine Products Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025
お知らせ • May 15+ 35 more updatesMasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) completed the acquisition of Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others.MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into an agreement and plan of merger to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million on February 5, 2026. Under the terms of the agreement, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Based on MasterCraft’s closing share price of $23.12 on February 4, 2026, this consideration implies a value of $7.79 per Marine Products share. The corresponding transaction value of $232.2 million represents approximately 7.2x Marine Products’ expected EBITDA for the twelve months ending June 30, 2026, after adjusting for the elimination of approximately $6 million of public company costs and corporate overhead. Upon closing of the transaction, MasterCraft shareholders will own 66.6% and Marine Products shareholders will own 33.4% of the combined company. The transaction has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Board of Directors of Marine Products. The transaction is expected to be financed through combined cash on hand. MCBH intends to fund the cash portion of the consideration with combined cash on hand. As of December 31, 2025, MCBH and Marine Products had cash and cash equivalents of $81.4 million and $43.5 million, respectively. In case of termination, Marine Products is required to pay MasterCraft a termination fee of $11.6 million, and vice versa. Upon completion of the transaction, Nelson, Chief Executive Officer of MasterCraft, will serve as Chief Executive Officer of the combined company, and Scott Kent, Chief Financial Officer of MasterCraft, will serve as Chief Financial Officer of the combined company. MasterCraft expects to maintain the Chaparral and Robalo leadership teams, brands and employees as a separate operating unit. Following closing, MasterCraft’s Board of Directors will expand from seven to 10 directors and include three new directors. Roch Lambert will serve as Chair of the Board of the combined company. The combined company will be headquartered in Vonore, Tennessee and will maintain the Chaparral and Robalo operating facilities in Nashville, Georgia. Upon completion, Marine Products common stock will be delisted from the NYSE and deregistered under the Exchange Act. The transaction is expected to close in the second calendar quarter of 2026, subject to approval by both MasterCraft and Marine Products shareholders and the satisfaction of other customary closing conditions. The transaction has been unanimously approved by the Board of Directors of both companies and the Special Committee of the Board of Directors for Marine Products. On April 6, 2026, the condition precedent to the Mergers relating to the expiration or termination of the waiting period under the HSR Act has been satisfied. On May 12, 2026, Marine Products Corporation's shareholders approved the transaction. The transaction is expected to close on or about May 15, 2026. Wells Fargo is acting as exclusive financial advisor to MasterCraft and the team of King & Spalding LLP led by Keith Townsend, Rob Leclerc and Zack Davis is serving as legal counsel. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MasterCraft. Truist Securities is serving as exclusive financial advisor to Marine Products, and Alston & Bird LLP is serving as legal advisor. Potter Anderson & Corroon LLP is serving as legal counsel to the Special Committee of the Marine Products board. Gagnier Communications LLC is serving as strategic communications advisor to Marine Products. McDermott Will & Schulte LLP is serving as legal advisor to LOR, Inc. Okapi Partners LLC acted as information agent and Equiniti Trust Company, LLC acted as transfer agent and registrar to MasterCraft. Alliance Advisors, LLC acted as information agent to Marine Products. MasterCraft has agreed to pay Okapi Partners LLC an estimated fee of $27,000. Meanwhile, Marine Products has agreed to pay Alliance Advisors, LLC an estimated fee of $10,000. In addition, MasterCraft has agreed to pay Wells Fargo an aggregate fee of $4.25 million, $2 million of which became payable upon the rendering of Wells Fargo’s opinion. MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) completed the acquisition of Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others on May 15, 2026.
New Risk • May 07New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 207% Cash payout ratio: 154% Earnings have declined by 15% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Reported Earnings • May 07First quarter 2026 earnings released: US$0.059 loss per share (vs US$0.064 profit in 1Q 2025)First quarter 2026 results: US$0.059 loss per share (down from US$0.064 profit in 1Q 2025). Revenue: US$66.5m (up 13% from 1Q 2025). Net loss: US$2.07m (down 194% from profit in 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings.
Declared Dividend • May 01Fourth quarter dividend of US$0.14 announcedDividend of US$0.14 is the same as last year. Ex-date: 8th May 2026 Payment date: 14th May 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (172% earnings payout ratio) nor is it covered by cash flows (132% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 91% to bring the payout ratio under control. However, EPS has declined by 11% over the last 5 years so the company would need to reverse this trend.
お知らせ • Apr 29Marine Products Corporation Declares a Regular Quarterly Cash Dividend, Payable on May 14, 2026Marine Products Corporation announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share payable May 14, 2026 to common stockholders of record at the close of business on May 8, 2026.
お知らせ • Apr 17Marine Products Corporation to Report Q1, 2026 Results on May 07, 2026Marine Products Corporation announced that they will report Q1, 2026 results Pre-Market on May 07, 2026
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment deteriorates as stock falls 19%After last week's 19% share price decline to US$8.05, the stock trades at a trailing P/E ratio of 24.9x. Average trailing P/E is 26x in the Leisure industry in the US. Total loss to shareholders of 26% over the past three years.
New Risk • Feb 06New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 7.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 141% Cash payout ratio: 131% Earnings have declined by 9.1% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin).
Reported Earnings • Feb 06Full year 2025 earnings released: EPS: US$0.33 (vs US$0.52 in FY 2024)Full year 2025 results: EPS: US$0.33 (down from US$0.52 in FY 2024). Revenue: US$244.4m (up 3.3% from FY 2024). Net income: US$11.4m (down 36% from FY 2024). Profit margin: 4.7% (down from 7.5% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 05MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into a definitive agreement to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million.MasterCraft Boat Holdings, Inc. (NasdaqGM:MCFT) entered into a definitive agreement to acquire Marine Products Corporation (NYSE:MPX) from LOR, Inc. and others for approximately $270 million on February 5, 2026. Under the terms of the agreement, Marine Products shareholders will receive $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own. Based on MasterCraft’s closing share price of $23.12 on February 4, 2026, this consideration implies a value of $7.79 per Marine Products share. The corresponding transaction value of $232.2 million represents approximately 7.2x Marine Products’ expected EBITDA for the twelve months ending June 30, 2026, after adjusting for the elimination of approximately $6 million of public company costs and corporate overhead. Upon closing of the transaction, MasterCraft shareholders will own 66.5% and Marine Products shareholders will own 33.5% of the combined company. The transaction has been unanimously approved by the Boards of Directors of both companies and the Special Committee of the Board of Directors of Marine Products. The transaction is expected to be financed through combined cash on hand. MCBH intends to fund the cash portion of the consideration with combined cash on hand. As of December 31, 2025, MCBH and Marine Products had cash and cash equivalents of $81.4 million and $43.5 million, respectively. Upon completion of the transaction, Nelson, Chief Executive Officer of MasterCraft, will serve as Chief Executive Officer of the combined company, and Scott Kent, Chief Financial Officer of MasterCraft, will serve as Chief Financial Officer of the combined company. MasterCraft expects to maintain the Chaparral and Robalo leadership teams, brands and employees as a separate operating unit. Following closing, MasterCraft’s Board of Directors will expand from seven to 10 directors and include three new directors. Roch Lambert will serve as Chair of the Board of the combined company. The combined company will be headquartered in Vonore, Tennessee and will maintain the Chaparral and Robalo operating facilities in Nashville, Georgia. The transaction is expected to close in the second calendar quarter of 2026, subject to approval by both MasterCraft and Marine Products shareholders and the satisfaction of other customary closing conditions. The transaction has been unanimously approved by the Board of Directors of both companies and the Special Committee of the Board of Directors for Marine Products. Wells Fargo is acting as exclusive financial advisor to MasterCraft and King & Spalding LLP is serving as legal counsel. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor to MasterCraft. Truist Securities is serving as exclusive financial advisor to Marine Products, and Alston & Bird LLP is serving as legal advisor. Potter Anderson & Corroon LLP is serving as legal counsel to the Special Committee of the Marine Products board. Gagnier Communications LLC is serving as strategic communications advisor to Marine Products. McDermott Will & Schulte LLP is serving as legal advisor to LOR, Inc.
分析記事 • Jan 31Marine Products (NYSE:MPX) Is Due To Pay A Dividend Of $0.14Marine Products Corporation's ( NYSE:MPX ) investors are due to receive a payment of $0.14 per share on 10th of March...
Declared Dividend • Jan 30Third quarter dividend of US$0.14 announcedDividend of US$0.14 is the same as last year. Ex-date: 10th February 2026 Payment date: 10th March 2026 Dividend yield will be 5.8%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (141% earnings payout ratio) nor is it covered by cash flows (136% cash payout ratio). The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 57% to bring the payout ratio under control. However, EPS has declined by 3.4% over the last 5 years so the company would need to reverse this trend.
お知らせ • Jan 28+ 1 more updateMarine Products Corporation Announces Jerry W. Nix Informs That He Will Not Stand for Reelection as Director and Committee'sOn January 27, 2026, Jerry W. Nix, a current director of Marine Products Corporation, informed the Board of Directors that he will not stand for reelection as a director at the Company’s 2026 Annual Meeting of Stockholders. Mr. Nix will serve out his term and continue to serve as a director of the Company until the 2026 Annual Meeting and will continue as Lead Independent Director, Chairman of the Human Capital Management and Compensation Committee, and Chairman of the Nominating and Corporate Governance Committee, and as a member of the Audit Committee, until the 2026 Annual Meeting. Mr. Nix’s decision not to stand for reelection was not due to any disagreement between Mr. Nix and the Company regarding any matter relating to the Company’s operations, policies or practices.
Seeking Alpha • Jan 22Marine Products: A Contrarian Setup, But The Stock Is Not CheapSummary Marine Products Corp. is a leading motorboat manufacturer with a strong market presence. MPX is benefiting from a normalization in dealers' inventory dynamics. The historical link between consumer sentiment and MPX sales is weakening, reflecting a temporary transition to a mechanical demand as dealers readjusted inventory. Read the full article on Seeking Alpha
お知らせ • Jan 20Marine Products Corporation to Report Q4, 2025 Results on Feb 06, 2026Marine Products Corporation announced that they will report Q4, 2025 results Pre-Market on Feb 06, 2026
Reported Earnings • Oct 31Third quarter 2025 earnings released: EPS: US$0.076 (vs US$0.098 in 3Q 2024)Third quarter 2025 results: EPS: US$0.076 (down from US$0.098 in 3Q 2024). Revenue: US$53.1m (up 6.6% from 3Q 2024). Net income: US$2.65m (down 22% from 3Q 2024). Profit margin: 5.0% (down from 6.8% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
New Risk • Oct 30New major risk - Revenue and earnings growthEarnings have declined by 0.5% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 139% Cash payout ratio: 126% Earnings have declined by 0.5% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (6.3% net profit margin).
お知らせ • Oct 30Marine Products Corporation Declares Regular Quarterly Dividend ,Payable on December 10, 2025Marine Products Corporation declared a regular cash quarterly dividend of $0.14 per share payable on December 10, 2025, to common stockholders of record at the close of business on November 10, 2025.
お知らせ • Oct 08Marine Products Corporation to Report Q3, 2025 Results on Oct 30, 2025Marine Products Corporation announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025
分析記事 • Jul 27Marine Products (NYSE:MPX) Has Announced A Dividend Of $0.14Marine Products Corporation ( NYSE:MPX ) will pay a dividend of $0.14 on the 10th of September. This means the annual...
Reported Earnings • Jul 25Second quarter 2025 earnings released: EPS: US$0.12 (vs US$0.16 in 2Q 2024)Second quarter 2025 results: EPS: US$0.12 (down from US$0.16 in 2Q 2024). Revenue: US$67.7m (down 2.7% from 2Q 2024). Net income: US$4.16m (down 26% from 2Q 2024). Profit margin: 6.1% (down from 8.0% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Jul 24Marine Products Corporation Declares Quarterly Dividend, Payable on September 10, 2025The Board of Directors of Marine Products Corporation declared a regular quarterly dividend of $0.14 per share payable on September 10, 2025, to common stockholders of record at the close of business on August 11, 2025.
お知らせ • Jul 15Marine Products Corporation Appoints Gary Kolstad to the Board of Directors, Effective July 14, 2025On July 14, 2025, the Board of Directors of Marine Products Corporation appointed Gary Kolstad as an Independent Director effective as of July 14, 2025 . Mr. Kolstad will be compensated on the same basis as the other non-employee directors, and he has not been appointed to any committees at this time. Kolstad holds a B.S. Degree from Montana Technological University in petroleum engineering and studied Psychology and Engineering at Montana State University-Bozeman. After a long career in various positions at a large, international company, he served as Chairman and CEO of public and private companies and currently holds multiple Advisory Board Member and Investor positions. Marine Products Corporation is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo. Chaparral’s sterndrive models include SSi Sportboats and SSX Luxury Sportboats, and the SURF Series. Chaparral’s outboard offerings include OSX Luxury Sportboats and the SSi Outboard Bowriders. Robalo builds an array of outboard sport fishing models, which include Center Consoles, Dual Consoles and Cayman Bay Boats. The Company continues to diversify its product lines through product innovation. With these premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and generate superior financial performance to build long-term shareholder value.
分析記事 • Jul 04Marine Products (NYSE:MPX) Will Be Hoping To Turn Its Returns On Capital AroundDid you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...
お知らせ • Jul 02Marine Products Corporation to Report Q2, 2025 Results on Jul 24, 2025Marine Products Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 24, 2025
New Risk • Apr 28New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 95% Dividend yield: 6.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 126% Cash payout ratio: 95% Minor Risk Profit margins are more than 30% lower than last year (6.8% net profit margin).
Declared Dividend • Apr 27First quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 9th May 2025 Payment date: 10th June 2025 Dividend yield will be 6.5%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (126% earnings payout ratio). However, it is covered by cash flows (79% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 40% to bring the payout ratio under control. However, EPS has declined by 9.7% over the last 5 years so the company would need to reverse this trend.
Reported Earnings • Apr 25First quarter 2025 earnings released: EPS: US$0.063 (vs US$0.13 in 1Q 2024)First quarter 2025 results: EPS: US$0.063 (down from US$0.13 in 1Q 2024). Revenue: US$59.0m (down 15% from 1Q 2024). Net income: US$2.21m (down 52% from 1Q 2024). Profit margin: 3.7% (down from 6.6% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Apr 04Marine Products Corporation to Report Q1, 2025 Results on Apr 24, 2025Marine Products Corporation announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025
Seeking Alpha • Mar 30Marine Products Corporation: Attractive If You Can Handle The Bumpy CruiseSummary Marine Products Corporation faces declining sales and profits, with shares plunging 33.7% despite a strong balance sheet and no debt. The boating industry is struggling due to lower demand, high-interest rates, and post-pandemic inventory issues, impacting Marine Products' revenue and profitability. Tariffs pose additional risks, but the company's robust cash position and potential for recovery justify a cautious 'buy' rating for risk-tolerant investors. Despite current challenges, Marine Products' ability to adapt and generate cash flow, combined with a stronger balance sheet, suggests potential upside when the industry recovers. Read the full article on Seeking Alpha
Reported Earnings • Mar 03Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$0.52 (down from US$1.21 in FY 2023). Revenue: US$236.6m (down 38% from FY 2023). Net income: US$17.9m (down 57% from FY 2023). Profit margin: 7.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Leisure industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 10% per year.
Buy Or Sell Opportunity • Feb 27Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to US$8.51. The fair value is estimated to be US$10.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 9.3%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to decline by 3.7% in the next 2 years.
お知らせ • Feb 24Marine Products Corporation, Annual General Meeting, Apr 22, 2025Marine Products Corporation, Annual General Meeting, Apr 22, 2025. Location: at 2170 piedmont road, ne,georgia, atlanta United States
New Risk • Feb 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (109% payout ratio). Profit margins are more than 30% lower than last year (7.5% net profit margin).
Buy Or Sell Opportunity • Feb 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 11% to US$8.88. The fair value is estimated to be US$11.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.8% over the last 3 years. Earnings per share has declined by 9.3%. Revenue is forecast to grow by 4.8% in a year. Earnings are forecast to decline by 2.5% in the next year.
Declared Dividend • Feb 02Fourth quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 10th February 2025 Payment date: 10th March 2025 Dividend yield will be 13%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (109% earnings payout ratio). However, it is covered by cash flows (78% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 21% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Jan 31Marine Products Corporation Announces Board ResignationsMarine Products Corporation announced that in order to facilitate the declassification of the Company’s Board of Directors, it is expected that each of Gary W. Rollins, Richard A. Hubbell, John F. Wilson, Timothy C. Rollins, Pamela R. Rollins, Susan R. Bell and Amy R. Kreisler will tender his or her resignation from the Board of Directors immediately following the filing of the Amended and Restated Certificate of Incorporation with the Secretary of State of Delaware that effects the declassification, solely for the purpose of shortening their terms as directors of the Company in order that each such director may then be reappointed to the Board for a one-year term that will expire at the 2026 Annual Meeting.
Reported Earnings • Jan 30Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$0.52 (down from US$1.21 in FY 2023). Revenue: US$236.6m (down 38% from FY 2023). Net income: US$17.9m (down 57% from FY 2023). Profit margin: 7.5% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
お知らせ • Jan 30Marine Products Corporation Declares Regular Quarterly Dividend, Payable on March 10, 2025Marine Products Corporation announced the board of directors declared a regular quarterly dividend of $0.14 per share, payable on March 10, 2025, to common stockholders of record at the close of business on February 10, 2025.
お知らせ • Jan 08Marine Products Corporation to Report Q4, 2024 Results on Jan 30, 2025Marine Products Corporation announced that they will report Q4, 2024 results Pre-Market on Jan 30, 2025
Buy Or Sell Opportunity • Dec 18Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 6.2% to US$9.15. The fair value is estimated to be US$11.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 5.6% in a year. Earnings are forecast to decline by 12% in the next year.
Seeking Alpha • Nov 19Marine Products: Uncertainty Persists With Slight Optimism After Q3 WeaknessSummary Marine Products' Q3 results were weak amid industry turbulence. The company slightly underperformed peers in the quarter, but the underperformance fell within short-term turbulence. The industry outlook remains uncertain as customers are still waiting for more extensive rate cuts. On the other hand, normalizing dealer inventory levels suggests slight optimism for manufacturers. I again estimate the MPX stock to be undervalued, now with a 44% upside into a fair value of $13.97. Read the full article on Seeking Alpha
分析記事 • Oct 31Some Investors May Be Willing To Look Past Marine Products' (NYSE:MPX) Soft EarningsThe market for Marine Products Corporation's ( NYSE:MPX ) shares didn't move much after it posted weak earnings...
分析記事 • Oct 27Marine Products (NYSE:MPX) Will Pay A Dividend Of $0.14Marine Products Corporation ( NYSE:MPX ) will pay a dividend of $0.14 on the 10th of December. The dividend yield will...
Declared Dividend • Oct 27Third quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 8th November 2024 Payment date: 10th December 2024 Dividend yield will be 13%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio). However, it is covered by cash flows (54% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. However, EPS is expected to decline by 1.1% over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio.
New Risk • Oct 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 2.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by earnings (107% payout ratio). Profit margins are more than 30% lower than last year (7.0% net profit margin).
Buy Or Sell Opportunity • Oct 25Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to US$9.40. The fair value is estimated to be US$11.77, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue is forecast to decline by 5.6% in a year. Earnings are forecast to decline by 7.4% in the next year.
Reported Earnings • Oct 24Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.098 (down from US$0.30 in 3Q 2023). Revenue: US$49.9m (down 36% from 3Q 2023). Net income: US$3.40m (down 67% from 3Q 2023). Profit margin: 6.8% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 25%. Revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Leisure industry in the US are expected to grow by 2.9%. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
お知らせ • Oct 24Marine Products Corporation Declares Regular Quarterly Dividend, Payable on December 10, 2024The Board of Directors of Marine Products Corporation declared a regular quarterly dividend of $0.14 per share payable on December 10, 2024, to common stockholders of record at the close of business on November 11, 2024.
お知らせ • Oct 08Marine Products Corporation to Report Q3, 2024 Results on Oct 24, 2024Marine Products Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 24, 2024
新しいナラティブ • Sep 24Rising Costs And Lower Demand Sink Profit Margins And Shareholder Value Marine Products is facing sales challenges due to dealer hesitations and high interest rates affecting demand.
Seeking Alpha • Aug 29Marine Products: In The Midst Of A Rough Patch But Still ProfitableSummary The current company's quarterly dividend represents an annual dividend yield of close to 6%. Earlier this year, the company paid a massive special dividend in combination with the regular quarterly dividend, for a total of $0.84 per share. The company now experiences a down cycle, but still manages to remain profitable. The company’s cash position is very strong and it has no financial debt. Read the full article on Seeking Alpha
Price Target Changed • Aug 11Price target decreased by 28% to US$8.00Down from US$11.14, the current price target is provided by 1 analyst. New target price is 14% below last closing price of US$9.27. Stock is down 47% over the past year. The company is forecast to post earnings per share of US$0.42 for next year compared to US$1.21 last year.
Declared Dividend • Jul 28Second quarter dividend of US$0.14 announcedShareholders will receive a dividend of US$0.14. Ex-date: 9th August 2024 Payment date: 10th September 2024 Dividend yield will be 12%, which is higher than the industry average of 3.2%. Sustainability & Growth Dividend is covered by both earnings (74% earnings payout ratio) and cash flows (62% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 26Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2024 results: EPS: US$0.16 (down from US$0.42 in 2Q 2023). Revenue: US$69.5m (down 40% from 2Q 2023). Net income: US$5.59m (down 61% from 2Q 2023). Profit margin: 8.0% (down from 12% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 2.5% growth forecast for the Leisure industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings.
分析記事 • Jul 17A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)Key Insights Marine Products' estimated fair value is US$9.75 based on 2 Stage Free Cash Flow to Equity Marine...
Valuation Update With 7 Day Price Move • Jul 16Investor sentiment improves as stock rises 15%After last week's 15% share price gain to US$10.38, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 12x in the Leisure industry in the US. Total loss to shareholders of 25% over the past three years.
お知らせ • Jul 11Marine Products Corporation to Report Q2, 2024 Results on Jul 25, 2024Marine Products Corporation announced that they will report Q2, 2024 results Pre-Market on Jul 25, 2024
Seeking Alpha • Jun 07Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)Summary MPX's revenue declines in Q4 and Q1 have been deeper than previously anticipated as industry challenges persist. Excess dealership inventories and weak consumer confidence continue to ravage demand, but an eventual industry recovery should happen with interest rates playing a key role. Despite the challenges, MPX has maintained high margins and has a strong balance sheet leaving potential for M&A or excess capital distribution. The valuation now represents an attractive opportunity. Read the full article on Seeking Alpha
New Risk • May 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
分析記事 • Apr 28Marine Products (NYSE:MPX) Has Announced A Dividend Of $0.14The board of Marine Products Corporation ( NYSE:MPX ) has announced that it will pay a dividend on the 10th of June...
