Tag Archives: Richard A. Hubbell

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 ...

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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 ...

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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% ...

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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 ...

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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 ...

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Marine Products Corp. reports first quarter 2018 results

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 ...

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