Marine Products Corporation (MPX)

In Q1 2025, net sales decreased 15% year-over-year, with net income down 52%. In Q2 2025, net sales decreased 3% year-over-year, primarily due to a 13% drop in boats sold. In Q3 2025, net sales increased 7% year-over-year, but net income declined 22% due to increased R&D investments. The company declared regular quarterly dividends of $0.14 per share. As of November 26, 2025, the stock price was $8.41, reflecting a -17.87% decrease over the last year, impacted by weak demand, inflation, and high interest rates.

Demand for Marine Products Corp.'s products is seasonal, with a notable spike during the spring and summer months due to weather conditions favorable for boating activities.

Marine Products Corp. specializes in high-performance fiberglass boats, offering a diverse range of pleasure boats under the Chaparral brand and outboard sport fishing boats under the Robalo brand. The company's business model is vertically integrated, encompassing manufacturing, distribution, and customer support, with revenue generated through sales to a network of independent dealers.

Marine Products Corp. operates five manufacturing plants and distributes its products through approximately 161 American dealers and 92 international dealers, serving customers across North America, Europe, Asia-Pacific, and Latin America. Its headquarters are located in Atlanta, Georgia, United States.

Marine Products Corp. has built a strong reputation for producing high-quality, innovative, and reliable marine vessels, actively investing in its brand reputation and focusing on thoughtful packaging and enhancing its product offerings.

Marine Products Corp. has a mixed ownership structure comprising institutional, retail, and individual investors. Approximately 10.37% to 13.96% of the company's stock is owned by institutional investors, 9.73% by insiders, and a significant portion by public companies and individual investors. The Rollins family, through RFA Management Company, passively manages 65% of the shares outstanding.