Market Overview

Marine Products: Q3 Earnings Insights

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Shares of Marine Prods (NYSE:MPX) remained unaffected after the company reported Q3 results.

Quarterly Results

Earnings per share fell 17.39% over the past year to $0.19, which missed the estimate of $0.20.

Revenue of $68,778,000 decreased by 4.76% from the same period last year, which missed the estimate of $68,790,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Marine Prods hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 28, 2020

Time: 08:00 AM

ET Webcast URL: https://www.marineproductscorp.com/Presentations

Technicals

Company's 52-week high was at $22.61

52-week low: $6.77

Price action over last quarter: Up 23.85%

Company Description

Marine Products Corp is a manufacturer of fiberglass motorized boats distributed and marketed through its independent dealer network. It operates in the Powerboat Manufacturing business segment through Nashville, Georgia, Valdosta, and Georgia. Its product offerings include Chaparral sterndrive, outboard, and jet pleasure boats and Robalo outboard sport fishing boats. The company offers its products to the family recreational and cruiser markets through its Chaparral brand and to the sportfishing market through its Robalo brand.

 

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Posted-In: Earnings News