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Marine Products Corp. (MPX)
NYSE:MPX
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 2.96%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company facing significant challenges with declining year-over-year sales and profit margins, alongside uncertainties related to interest rates and tariffs. However, there are positive signs with sequential sales growth, reduced channel inventories, strong cash flow, and strategic positioning for future acquisitions. The company remains cautiously optimistic about achieving sales growth in the second half of the year.Company Guidance
During the Marine Products Corporation's First Quarter 2025 earnings call, several key metrics and guidance highlights were discussed. Sales in the first quarter were down 15% year-over-year at $59 million, with a 19% decrease in the number of boats sold, though there was a positive 4% impact from price and mix. Gross profit was $11 million, with a margin of 18.6%, down 60 basis points from the previous year. SG&A expenses totaled $8.3 million, a decrease of 5% compared to the prior year, and represented 14.1% of sales. The tax rate was 27.8%, and diluted EPS was $0.06, down from $0.13. EBITDA stood at $3.4 million, a decline from $5.9 million. The company generated strong operating cash flow of $10.8 million and free cash flow of $10.7 million, with CapEx under $100,000. Despite these challenges, Marine Products Corporation remains optimistic about achieving year-over-year sales growth in the second half of 2025 and is focused on managing costs, production levels, and cash flow while also exploring acquisition opportunities. They finished the quarter with $57 million in cash and no debt, and a significant milestone was the filing of an S-3 registration statement with the SEC, which includes registering the Rollins Family Control Group shares.Sequential Sales Increase
Sales were up 23% sequentially compared to the fourth quarter of 2024.
Channel Inventory Reduction
Channel inventories were down 18% versus the year-ago quarter, indicating progress in managing excess inventory.
Strong Cash Position
Generated operating cash flow of $10.8 million and free cash flow of $10.7 million. The company finished the quarter with cash of $57 million and no debt.
Strategic Positioning for Acquisitions
The company is actively seeking acquisitions to expand its business, with ample liquidity to take advantage of opportunities.
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MPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 24, 2025 | $8.46 | $8.42 | -0.47% |
Jan 30, 2025 | $8.69 | $9.20 | +5.87% |
Oct 24, 2024 | $9.02 | $9.17 | +1.66% |
Jul 25, 2024 | $9.31 | $9.84 | +5.69% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marine Products Corp. (MPX) report earnings?
Marine Products Corp. (MPX) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Marine Products Corp. (MPX) earnings time?
Marine Products Corp. (MPX) earnings time is at Jul 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPX EPS forecast?
Currently, no data Available
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