Marine Products Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS In Line

Marine Products (NYSE:MPX) Second Quarter 2024 Results

Key Financial Results

• 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.
• EPS: US$0.16 (down from US$0.42 in 2Q 2023).

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

Marine Products Earnings Insights

Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Leisure industry in the US.

Performance of the American Leisure industry.

The company's shares are down 1.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Marine Products has 1 warning sign we think you should be aware of.

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