Marine Products Management
Management criteria checks 4/4
Marine Products' CEO is Ben Palmer, appointed in May 2022, has a tenure of 2.58 years. total yearly compensation is $1.46M, comprised of 30.8% salary and 69.2% bonuses, including company stock and options. directly owns 1.37% of the company’s shares, worth $4.43M. The average tenure of the management team and the board of directors is 2.6 years and 4.1 years respectively.
Key information
Ben Palmer
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 30.8% |
| CEO tenure | 2.6yrs |
| CEO ownership | 1.4% |
| Management average tenure | 2.6yrs |
| Board average tenure | 4.1yrs |
Recent management updates
Recent updates
Marine Products: Uncertainty Persists With Slight Optimism After Q3 Weakness
Nov 19Some Investors May Be Willing To Look Past Marine Products' (NYSE:MPX) Soft Earnings
Oct 31
Marine Products (NYSE:MPX) Will Pay A Dividend Of $0.14
Oct 27Marine Products: In The Midst Of A Rough Patch But Still Profitable
Aug 29A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)
Jul 17Marine Products: Cheap, Resilient Cash Flows During Industry Turbulence (Rating Upgrade)
Jun 07Marine Products (NYSE:MPX) Has Announced A Dividend Of $0.14
Apr 28There Are Reasons To Feel Uneasy About Marine Products' (NYSE:MPX) Returns On Capital
Feb 13Marine Products: Quiet Compounder And Potential M&A Target
Jan 08Improved Earnings Required Before Marine Products Corporation (NYSE:MPX) Stock's 25% Jump Looks Justified
Dec 27Marine Products: Expecting A Storm Ahead
Dec 16Marine Products: Good Long-Term Prospects, But Risks Outweigh Rewards In The Near Term
Oct 10Marine Products: Strong Financial Metrics, Moderate Revenue Growth
Sep 07Is It Time To Consider Buying Marine Products Corporation (NYSE:MPX)?
Sep 01Shareholders Are Optimistic That Marine Products (NYSE:MPX) Will Multiply In Value
Aug 14Marine Products Corporation: Still Strong Trends And Upside Potential
Jun 22Is Now The Time To Put Marine Products (NYSE:MPX) On Your Watchlist?
Jun 09Marine Products (NYSE:MPX) Is Reinvesting To Multiply In Value
May 02Marine Products declares $0.14 dividend
Jan 25Marine Products Corporation: A Microcap Gem
Dec 20Marine Products Is A Cash Cow
Nov 07Marine Products raises dividend by ~17% to $0.14
Oct 26Calculating The Fair Value Of Marine Products Corporation (NYSE:MPX)
Sep 15Marine Products Stock: Shares Still Offer Upside, But They Aren't The Best Out There
Aug 16Marine Products (NYSE:MPX) Has Affirmed Its Dividend Of $0.12
Jul 30Marine Products GAAP EPS of $0.29, revenue of $95.8M
Jul 27Shareholders Are Optimistic That Marine Products (NYSE:MPX) Will Multiply In Value
Jul 20A Look At The Intrinsic Value Of Marine Products Corporation (NYSE:MPX)
Jun 13A Look Into Marine Products' (NYSE:MPX) Impressive Returns On Capital
Apr 18Marine Products Stock: Still A Solid Prospect, But Not A Great Prospect
Apr 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$19m |
| Jun 30 2024 | n/a | n/a | US$26m |
| Mar 31 2024 | n/a | n/a | US$35m |
| Dec 31 2023 | US$1m | US$450k | US$42m |
| Sep 30 2023 | n/a | n/a | US$48m |
| Jun 30 2023 | n/a | n/a | US$49m |
| Mar 31 2023 | n/a | n/a | US$45m |
| Dec 31 2022 | US$1m | US$431k | US$40m |
| Sep 30 2022 | n/a | n/a | US$37m |
| Jun 30 2022 | n/a | n/a | US$32m |
| Mar 31 2022 | n/a | n/a | US$28m |
| Dec 31 2021 | US$905k | US$400k | US$29m |
| Sep 30 2021 | n/a | n/a | US$28m |
| Jun 30 2021 | n/a | n/a | US$27m |
| Mar 31 2021 | n/a | n/a | US$23m |
| Dec 31 2020 | US$817k | US$400k | US$19m |
| Sep 30 2020 | n/a | n/a | US$16m |
| Jun 30 2020 | n/a | n/a | US$17m |
| Mar 31 2020 | n/a | n/a | US$25m |
| Dec 31 2019 | US$856k | US$400k | US$28m |
| Sep 30 2019 | n/a | n/a | US$29m |
| Jun 30 2019 | n/a | n/a | US$29m |
| Mar 31 2019 | n/a | n/a | US$28m |
| Dec 31 2018 | US$849k | US$350k | US$28m |
| Sep 30 2018 | n/a | n/a | US$28m |
| Jun 30 2018 | n/a | n/a | US$25m |
| Mar 31 2018 | n/a | n/a | US$22m |
| Dec 31 2017 | US$1m | US$321k | US$19m |
Compensation vs Market: Ben's total compensation ($USD1.46M) is below average for companies of similar size in the US market ($USD2.22M).
Compensation vs Earnings: Ben's compensation has been consistent with company performance over the past year.
CEO
Ben Palmer (64 yo)
2.6yrs
Tenure
US$1,463,400
Compensation
Mr. Ben M. Palmer is President, Chief Executive Officer & Director of Marine Products Corporation from May 17, 2022. He serves as Treasurer at Cudd Energy Services, Inc. Mr. Palmer had been Chief Financial...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.8yrs | US$909.60k | 3.62% $ 11.7m | |
| President | 2.6yrs | US$1.46m | 1.37% $ 4.4m | |
| CFO, VP | 2.6yrs | US$501.00k | 0.12% $ 391.0k | |
| Vice President of Corporate Finance | no data | no data | no data | |
| Manager of Investor Relations & Corporate Communications | no data | no data | no data |
2.6yrs
Average Tenure
64yo
Average Age
Experienced Management: MPX's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Executive Chairman | 23.8yrs | US$909.60k | 3.62% $ 11.7m | |
| President | 2.6yrs | US$1.46m | 1.37% $ 4.4m | |
| Lead Independent Director | 4.3yrs | US$157.00k | 0.029% $ 94.4k | |
| Director | 23.9yrs | US$125.00k | 3.69% $ 12.0m | |
| Independent Director | 2.7yrs | US$136.00k | 0.032% $ 103.8k | |
| Non-Independent Director | 7.4yrs | US$125.00k | 0.36% $ 1.2m | |
| Director | 2.2yrs | US$127.00k | 0.24% $ 786.9k | |
| Non-Independent Director | 8.2yrs | US$127.00k | 0.18% $ 582.0k | |
| Independent Director | 3.9yrs | US$131.00k | 0.036% $ 117.8k | |
| Independent Director | 3.9yrs | US$150.00k | 0.035% $ 113.1k |
4.1yrs
Average Tenure
65yo
Average Age
Experienced Board: MPX's board of directors are considered experienced (4.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 04:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Marine Products Corporation is covered by 4 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Wold | B. Riley Securities, Inc. |
| null null | Burkenroad Reports |
| Brandon Rollé | D.A. Davidson & Co. |