Marine Products Corp. stock repurchased in first quarter

ATLANTA – Boat builder Marine Products Corp. (Amex: MPX) reported yesterday a share repurchase for the first quarter of 2004 of 9,100 shares at an average price of $13.02.

The Board of Directors approved a program authorizing the repurchase of up to one million shares on April 25, 2001. The 3-for-2 split effective March 10, 2004 makes the effective number of shares available for repurchase 1.5 million, the company reported in a statement yesterday.

Since the program’s inception, 456,451 shares (number of shares reflects the 3-for-2 split) have been repurchased, and 1,043,549 additional shares may be purchased under this program. The program does not have an expiration date.

Marine Products is a manufacturer of fiberglass boats, including Chaparral pleasure boats and Robalo sport fishing boats.

  • For more of the latest news, click here.
  • To discuss this topic with other recreational marine industry professionals, click here.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
EPG Brand Acceleration
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.