Tag Archives: Marine Products Corporation

Marine Products Corporation reports Q4 results

Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter and year ended December 31, 2020.  Marine Products is a manufacturer of fiberglass boats under three brand names: Chaparral, Robalo and Vortex. Chaparral's sterndrive models include SSi and SSX, along with the Chaparral Surf Series.  Chaparral's outboard offerings include OSX Luxury Sportboats, the 267 SSX OB, SSi outboard models ...

Read More »

Marine Products Corp. appoints new board directors

Marine Products Corporation

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 »

Marine Products Corporation reports third quarter results

Marine Products Corporation

Marine Products Corporation, manufacturer of Chaparral, Robalo and Vortex. announced its unaudited results for the quarter ended September 30, 2020.  Marine Products generated net sales of $68,778,000, a 4.8% decrease compared to $72,212,000 in the same period of the prior year. The decrease in net sales was due to a 10.4% reduction in the number of units sold during the quarter as compared to ...

Read More »

Marine Products Corporation appoints chairman, new board members

Marine Products Corporation announced the recent appointment of Gary W. Rollins as Chairman of its Board of Directors. Rollins, who joined the Marine Products Corporation Board in 2001, succeeds R. Randall Rollins, who served as Chairman since inception of the organization in 2001 until his passing on Aug. 17, 2020.   Rollins has extensive industry and operations knowledge holding positions ranging from general management and ...

Read More »

Marine Products Corporation announces the passing of its Chairman

R. Randall Rollins passes away

Marine Products Corporation announced the passing of R. Randall Rollins, the Chairman of the Board, who died at the age of 88 following a short illness. Long-standing board member Henry B. Tippie, who serves as lead director, and Richard A. Hubbell, Chief Executive Officer and board member, will continue in their respective leadership roles until succession plans are announced. "The Board of ...

Read More »

Marine Products Corp. plant shutdown leads to decreases in Q2

Marine Products Corporation — manufacturer of Chaparral, Robalo and Vortex boats — announced its unaudited results for the quarter ended June 30, 2020.  For the quarter ended June 30, 2020, Marine Products generated net sales of $40,818,000, a 54.0% decrease compared to record net sales of $88,696,000 in the same period of the prior year.  The decrease in net sales was due to a 57.9% ...

Read More »

Marine Products Corporation realigns with dealer inventories

Marine Products Corporation — manufacturer of Chaparral, Robalo and Vortex announced its unaudited results for the quarter ended Dec. 31, 2019.  For the quarter ended Dec. 31, 2019, Marine Products generated net sales of $48,175,000, a 22.4% decrease compared with net sales of $62,062,000 in the same period of the prior year.  During the quarter, unit sales declined by 21%, as sales declined across all ...

Read More »

Marine Products Corporation announces 2018 Q2 financial results

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. announces Q2 2018 conference call date

Marine Products Corporation will release its financial results for the second quarter ended June 30, 2018 on Wednesday, July 25, 2018 before the market opens. In conjunction with its earnings release, the company will host a conference call to review the company's financial and operating results on Wednesday, July 25, 2018 at 8 a.m. Eastern Time. Individuals wishing to participate ...

Read More »

Marine Products Corporation reports Q2 2017 results

Marine Products Corporation (NYSE: MPX), builder of Chaparral and Robalo Boats, announced its unaudited results for the quarter ended June 30, 2017. For the quarter ended June 30, 2017, Marine Products generated net sales of $71,484,000, a 9.9 percent increase, compared to $65,066,000 in the same period of the prior year. The increase in net sales was due to a ...

Read More »