ATLANTA, Jan. 7, 2025 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the fourth quarter ended December 31, 2024 on Thursday, January 30, 2025 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 Thursday, January 30, 2025 at 8:00 a.m. Eastern Time.Individuals wishing to participate in the conference call should dial toll-free ...

NEW YORK and TORONTO, Dec. 4, 2024 /PRNewswire/ - iAnthus Capital Holdings, Inc. ("iAnthus" or the "Company") (CSE: IAN) (OTCQB: ITHUF), which owns, operates and partners with regulated cannabis operations across the United States, provides an update to the previously disclosed legal proceedings involving Ninth Square Capital Corporation ("Ninth Square"). Ninth Square served a statement of claim on August 8, 2019 against iAnthus, MPX Bioceutical ULC ("MPX ULC"), a wholly-owned subsidiary of iAnthus, and MPX ...

Marine Products Corporation (NYSE: MPX ) reported the company’s Q3 results on the 24 th of October, showing weakness due to a persisting weak industry backdrop. The outlook remains uncertain, as better retail sales are still behind moreI am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the d ...

Table of Contents Title of each class: Trading Symbol(s) Name of each exchange on which registered: Common stock, par value $0.10 MPX New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______ ...

Marine Products Corporation (NYSE:MPX) Q3 2024 Earnings Conference Call October 24, 2024 8:00 AM ET Company Participants Ben Palmer - President and CEO Mike Schmit - Chief Financial Officer Conference Call Participants Griffin Bryan - D.A. Davidson Operator Good morning. And thank you for joining us for Marine Products Corporation’s Third Quarter 2024 Financial Earnings Conference Call. Today’s call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer. At this time, all ...

Page 1 Third Quarter 2024 Earnings Press Release Exhibit 99.1 Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend ATLANTA, October 24, 2024 – Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the third quarter ended September 30, 2024. * Non-GAAP measures, including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in ...

ATLANTA, Oct. 7, 2024 /PRNewswire/ -- Marine Products Corporation (NYSE: MPX) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Thursday, October 24, 2024 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 Thursday, October 24, 2024 at 8:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should dial toll-fre ...

Basic and diluted earnings per share are computed by dividing net income by the weighted average number of shares outstanding during the respective periods. In addition, the Company has periodically issued share-based payment awards that contain non-forfeitable rights to dividends and are therefore considered participating securities. Restricted shares of common stock (participating securities) outstanding and a reconciliation of weighted average shares outstanding is as follows: The warranty accruals are r ...

EBITDA was $6.5 million, down from $17.1 million, with EBITDA margin decreasing 540 basis points to 9.3%. While this margin was down versus prior year, it did increase sequentially from 8.5% in the first quarter of 2024. Year-to-date, we have generated operating cash flow of $20 million and free cash flow of $18 million. CapEx was $1.7 million and is expected to pick up in the second half of the year with our planned solar panel installation at our manufacturing facility in South Georgia. We expect CapEx to ...

Certain statements and information included in this press release constitute "forwardlooking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements that look forward in time or express management's beliefs, expectations, hopes or strategies. In particular, such statements include, without limitation: our belief that we continue to navigate a challenging environment impacted by high inventory levels in the dealer channel rela ...