Marine Products Full Year 2024 Earnings: EPS Beats Expectations

Marine Products (NYSE:MPX) Full Year 2024 Results

Key Financial Results

• 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.
• EPS: US$0.52 (down from US$1.21 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marine Products EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%.

The company's shares are up 2.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Marine Products you should know about.

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