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Marine Products Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Marine Products Corporation - MPX
Businesswire· 2026-02-10 02:42
Group 1 - The proposed sale of Marine Products Corporation (NYSE: MPX) to MasterCraft Boat Holdings, Inc. (NasdaqGM: MCFT) is under investigation by former Attorney General of Louisiana Charles C. Foti, Jr. and the law firm Kahn Swick & Foti, LLC [1] - Shareholders of Marine Products will receive $2.43 in cash and 0.232 shares of MasterCraft common stock for each share of Marine Products they own as part of the transaction [1]
$HAREHOLDER ALERT: The M&A Class Action Firm Announces An Investigation of Marine Products Corporation (NYSE: MPX)
Globenewswire· 2026-02-06 16:24
NEW YORK, Feb. 06, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Marine Products Corporation (NYSE: MPX) related to its sale to MasterCraft Boat Holdings, Inc. Under the terms of the proposed tra ...
Marine Products Corporation (NYSE: MPX) Earnings Report Highlights
Financial Modeling Prep· 2026-02-06 13:03
Marine Products Corporation (NYSE:MPX) reported a 35% increase in net sales for Q4 2025, reaching $64.6 million.The company saw a 39% increase in gross profit, totaling $12.7 million, with a gross margin improvement to 19.6%.MPX's financial health is underscored by a strong current ratio of 5.37, indicating robust liquidity.Marine Products Corporation (NYSE:MPX), a leading manufacturer of fiberglass boats, recently disclosed its earnings for the fourth quarter and full year ending December 31, 2025. Despite ...
Shareholder Alert: The Ademi Firm investigates whether Marine Products Corporation is obtaining a Fair Price for its Public Shareholders
Prnewswire· 2026-02-05 16:24
MILWAUKEE, Feb. 5, 2026 /PRNewswire/ -- Ademi LLP is investigating Marine Products (NYSE: MPX) for possible breaches of fiduciary duty and other violations of law in its recently announced transaction with Texas Instruments. Click here to learn how to join our investigation and obtain additional information or contact us at [email protected] or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Marine Products stockholders will receive $2.43 per share in cash and 0.232 shar ...
MPX Stock Alert: Halper Sadeh LLC is Investigating Whether the Sale of Marine Products Corporation is Fair to Shareholders
Businesswire· 2026-02-05 15:01
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Marine Products Corporation (NYSE: MPX) to MasterCraft Boat Holdings, Inc. for $2.43 per share in cash and 0.232 shares of MasterCraft common stock for each share of Marine is fair to Marine shareholders. Halper Sadeh encourages Marine shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpe. ...
Marine Products(MPX) - 2025 Q4 - Annual Results
2026-02-05 12:46
Exhibit 99.1 Page 1 Fourth Quarter 2025 Earnings Press Release Marine Products Corporation Reports Fourth Quarter and Full Year 2025 Financial Results ATLANTA, February 5, 2026 – Marine Products Corporation (NYSE: MPX) (the "Company"), a leading manufacturer of fiberglass boats, announced its unaudited results for the fourth quarter and full year ended December 31, 2025. * Non-GAAP measures, including EBITDA, EBITDA margin, adjusted net income, adjusted net income margin, and free cash flow are reconciled t ...
Marine Products (NYSE:MPX) Earnings Call Presentation
2026-02-05 12:00
MASTERCRAFT + MARINE PRODUCTS TO COMBINE F E B R U A R Y 5 , 2 0 2 6 1 DISCLAIMER Forward Looking Statements This presentation includes forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements can often be identified by such words and phrases as "believes," "anticipates," "expects," "intends," "estimates," "may," "will," "should," "continue," and similar expressions and comparable terminology, or the negative thereof. Forward-lo ...
Marine Products Corporation Reports Fourth Quarter and Full Year 2025 Financial Results
Prnewswire· 2026-02-05 11:46
Core Viewpoint Marine Products Corporation reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025, highlighting significant growth in net sales but a decline in net income and earnings per share due to increased expenses and tax provisions related to the liquidation of company-owned life insurance policies. Fourth Quarter 2025 Results - Net sales reached $64.6 million, representing a 35% increase year-over-year, driven by a 12% price/mix increase and a 22% rise in the number of boats sold [5][10] - Gross profit was $12.7 million, up 39%, with a gross margin of 19.6%, an increase of 40 basis points compared to the prior year [5] - Selling, general and administrative expenses rose to $8.9 million, a 61% increase, accounting for 13.9% of net sales, up 230 basis points from 4Q:24 [6] - Net income was $2.4 million, down 45% year-over-year, with diluted EPS at $0.07, a decrease from $0.12 in 4Q:24 [7][10] - EBITDA was $4.5 million, a slight increase of 3% year-over-year, with an EBITDA margin of 7.0%, down 220 basis points from the previous year [8][10] Full Year 2025 Results - Total net sales for the year were $244.4 million, a 3% increase from $236.6 million in 2024 [10] - Net income for the year was $11.4 million, down 36% from $17.9 million in 2024, with diluted EPS at $0.32, down from $0.50 [10] - Adjusted net income was $12.4 million, with adjusted diluted EPS at $0.35 [10] - EBITDA for the year was $17.2 million, down 18% year-over-year, with an EBITDA margin of 7.0%, a decrease of 190 basis points [10] Balance Sheet, Cash Flow and Capital Allocation - Cash and cash equivalents at the end of 4Q:25 were approximately $43.5 million, with no outstanding debt [11] - Net cash provided by operating activities was $16.5 million, and free cash flow was $14.9 million year-to-date through 4Q:25 [11] - Total liabilities decreased to $22.3 million from $42.2 million in the previous year, while total stockholders' equity was $125.0 million, down from $129.0 million [18]
MasterCraft Boat Holdings, Inc. and Marine Products Corporation to Combine, Creating a Diversified Portfolio of Proven Recreational Marine Brands
Globenewswire· 2026-02-05 11:45
Combination of MasterCraft, Crest, Balise, Chaparral, and Robalo Creates a Portfolio of Leading Brands Across Four Distinct Categories, More Than Doubling Consumer Reach Expanded Geographic Coverage and Offerings to Unlock Growth Opportunities Through Complementary Coastal and Inland Dealer Networks Expected to Deliver Differentiated and Innovative New Products While Accelerating New Model Launches Attractive Financial Profile and Robust Balance Sheet to Drive Growth, Value Creation, and Focused Capital All ...
Marine Products Corporation Announces Regular Quarterly Cash Dividend
Prnewswire· 2026-01-28 11:45
Group 1 - Marine Products Corporation declared a regular quarterly cash dividend of $0.14 per share, payable on March 10, 2026, to common stockholders of record as of February 10, 2026 [1] - The company is a leading manufacturer of high-quality fiberglass boats under the brand names Chaparral and Robalo [2] - Chaparral's product offerings include sterndrive models such as SSi Sportboats, SSX Luxury Sportboats, and the SURF Series, as well as outboard models like OSX Luxury Sportboats and SSi Outboard Bowriders [2] - Robalo specializes in outboard sport fishing models, including Center Consoles, Dual Consoles, and Cayman Bay Boats [2]