Marine Products Corporation announced the appointment of Susan Bell and Patrick J. Gunning to the Board of Directors of the Company effective January 1, 2021. Bell recently retired from Ernst and Young LLP (EY) after a 36-year career in public accounting, serving in key leadership roles. She served clients as an audit and advisory partner, led the EY Southeast Risk Advisory practice, served ...Read More »
Tag Archives: Marine Products Corp.
Marine Products Corp. has announced its unaudited results for the quarter ending Sept. 30, 2018. Generated net sales rose to $72 million, a 21.6 percent increase when compared to $59.2 million generated in the same period of the prior year. The increase in net sales was due to a 7.9 percent increase in units sold coupled with a 12.6 percent ...Read More »
Marine Products Corp. has announced its financial results for the quarter ended June 30, 2018. For the quarter ended June 30, 2018, Marine Products generated record quarterly net sales of $87 million, a 21.7 percent increase, compared to $71.4 million in the same period of the prior year. The increase in net sales was due to a 13.3 percent increase ...Read More »
Marine Products Corp. has announced a net sales increase of 9.1 percent for first quarter 2018. The increase in net sales was due to a 9.6 percent increase in the average selling price per boat, as well as an increase in parts and accessories sales, the company reported. For the quarter ending March 31, 2018, Marine Products generated net sales of ...Read More »
Marine Products Corp. has announced a net sales increase of almost 15 percent for the fourth quarter of 2017. Higher unit sales were reported for the company's Chaparral Surf Series models, its larger Chaparral SSX Sportboats, and Robalo Explorer models. "Our fourth quarter 2017 financial results were driven by higher volumes and a model mix which included larger boats, both of ...Read More »
Higher unit sales of Robalo sportfishing boats and select Chaparral models helped Marine Products Corp. generate a third quarter net sales increase of more than $59 million, a 6.9 percent increase over last year’s earnings of $55 million. Net sales for the nine months ending Sept. 30 were $201,725, an increase of 9.6 percent compared to the first nine months ...Read More »