Marine Products reports Q2 EPS 42c vs. 29c last year

Reports Q2 revenue $116.16M vs. $95.8M last year. “Second quarter trends remained favorable, although the retail selling season started later than normal due to colder weather in many parts of the country,” stated Ben M. Palmer, Marine Products’ president and CEO. “Dealer inventories remain at the lower end of historical ranges at this time of the year which allow dealers to meet current demand and place orders for 2024 models. Indicators of dealer demand continue to be positive regarding the upcoming model year but there are concerns over consumer sentiment arising from higher interest rates and the possibility of an economic slowdown.”