Financial Data and Key Metrics Changes - Marine Products Corporation reported net sales of $76.5 million for Q4 2021, a 7.6% increase compared to Q4 2020 [11] - Average selling prices increased by 21.1% due to model year price increases and a shift towards larger boats [11] - Unit sales decreased by 11.1% due to supply chain problems and workforce issues impacting production [12] - Gross profit for Q4 was $19.2 million, a 9.9% increase from the previous year, with gross margin rising to 25% from 24.5% [12] - Net income for Q4 was $8.4 million, a 20.8% increase compared to $7 million in Q4 2020, with diluted earnings per share rising to $0.25 from $0.21 [14] - For the full year 2021, net sales increased by 24.3%, and net income reached $29 million, a 49.3% increase from $19.4 million in 2020 [16] Business Line Data and Key Metrics Changes - The combination of Robalo and Chaparral outboard had a market share of 6.3% in the 18 to 36 foot outboard category, with Robalo being the second highest in this category [9] - Chaparral held a market share of 19.4% in the 20 to 34 foot sterndrive category, which is the second highest in this category [9] Market Data and Key Metrics Changes - International sales accounted for 6.6% of total sales, representing a 20% increase compared to the previous year [15] - Sales to Canadian dealers increased significantly, while sales in other international markets remained flat year-over-year [15] Company Strategy and Development Direction - The company is allocating production slots for the 2023 model year to meet dealer and consumer demand, indicating a focus on future production planning [20] - Management believes current production bottlenecks are transitory and will be resolved within the year [21] - The company is focused on maintaining quality while trying to meet high consumer demand [32] Management's Comments on Operating Environment and Future Outlook - Management noted that dealer and consumer demand has extended beyond the traditional selling season for recreational boats, despite supply chain issues [8] - There are no signs of customer pushback regarding delivery timelines, indicating strong demand remains [32] - Management expressed optimism that supply chain issues will be resolved, allowing for increased production [30][34] Other Important Information - The company declared a quarterly cash dividend of $0.12 per share [9] - The cash balance at the end of Q4 was $14.1 million, a decrease from $31.6 million at the end of Q4 2020, attributed to higher inventories due to delayed deliveries [17] Q&A Session Summary Question: Comments on supply chain and labor disruption - Management indicated that labor issues were more indirect, with many vendors facing labor force problems due to COVID [26] - Component supply issues vary weekly, with past problems on engines now resolved but ongoing issues with windshields and raw materials [27][28] Question: Production impact into Q1 and expectations for improvement - Management expects some lingering problems but is hopeful for improvement throughout the year [30] Question: Concerns about consumer backlog and delivery timelines - Management reported no signs of customer pushback or concern regarding delivery delays, with strong demand and deposits being placed [32]

Table of Contents 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, 2021 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION (exact name of registrant as specified in its charter) Delaware 58-2572419 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, ...

Marine Products Corporation (NYSE:MPX) Q3 2021 Earnings Conference Call October 27, 2021 8:00 AM ET Company Participants Jim Landers - Vice President of Corporate Services Rick Hubbell - President and Chief Executive Officer Ben Palmer - Chief Financial Officer Conference Call Participants Disclaimer*: This transcript is designed to be used alongside the freely available audio recording on this page. Timestamps within the transcript are designed to help you navigate the audio should the corresponding text b ...

Table of Contents 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 June 30, 2021 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION (exact name of registrant as specified in its charter) Registrant's telephone number, including area code -- (404) 321-7910 Securities registered pursuant to Section 12(b) of the Act: | Title of each class: | Trading Symbol ...

Marine Products Corporation (NYSE:MPX) Q2 2021 Earnings Conference Call July 28, 2021 8:00 AM ET Company Participants Jim Landers ??? Vice President of Corporate Services Rick Hubbell ??? President and Chief Executive Officer Ben Palmer ??? Chief Financial Officer Conference Call Participants Operator Good morning and thank you for joining us for Marine Products Corporation Second Quarter 2021 Financial Earnings Conference Call. Today???s call will be hosted by Rick Hubbell, President and CEO; and Ben Palme ...

Marine Products Corporation (NYSE:MPX) Q1 2021 Earnings Conference Call April 28, 2021 8:00 AM ET Company Participants Jim Landers ??? Vice President of Corporate Services Rick Hubbell ??? President and Chief Executive Officer Ben Palmer ??? Chief Financial Officer Conference Call Participants Operator Good morning and thank you for joining us for Marine Products Corporation's First Quarter 2021 Financial Earnings Conference Call. Today's call will be hosted by Rick Hubbell, President and CEO; and Ben Palme ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Registrant's telephone number, including area code -- (404) 321-7910 FORM 10-Q Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2021 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION (exact name of registrant as specified in its charter) Delaware 58-2572419 (State or other jurisdiction of incorporation or organization) (I.R.S. Employe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION Delaware | Title of each class | Trading Symbol | Name of each exchange on which | | --- | --- | --- | | COMMON STOCK, $0.10 PAR | MPX | regi ...

Financial Data and Key Metrics Changes - Net sales for Q4 2020 were $71.1 million, a 47.6% increase compared to Q4 2019 [12] - Gross profit in Q4 was $17.4 million, up 65.7% year-over-year, with a gross margin of 24.5% compared to 21.8% in the previous year [13] - Net income for Q4 was $7 million, a 97.5% increase from $3.5 million in Q4 2019 [15] - Diluted earnings per share were $0.21, compared to $0.10 in the prior year [16] - Cash balance at the end of Q4 was $31.6 million, an increase of $11.8 million from $19.8 million at the end of Q4 2019 [18] Business Line Data and Key Metrics Changes - Unit sales increased by 27.8% during the quarter, with average selling prices rising by 14.1% due to the popularity of larger models [12] - Robalo outboard sport fishing boats achieved the 1 market share in their category, up from 2 in the previous quarter [9] Market Data and Key Metrics Changes - International sales accounted for 4.8% of total sales during the quarter, an increase of 82% compared to the same period last year [17] - The company is experiencing historically low dealer inventory levels and high order backlogs [18] Company Strategy and Development Direction - The company is prioritizing product quality while considering production increases [22] - There is a focus on virtual marketing due to the cancellation of 2021 boat shows, adapting to consumer comfort with making purchases online [21][46] Management's Comments on Operating Environment and Future Outlook - The company expects a strong retail selling season for 2021, with the industry likely to grow compared to 2020 [39] - Management is monitoring employee well-being, labor constraints, and potential supply chain issues as they serve dealers and customers [22] Other Important Information - A quarterly cash dividend of $0.10 per share was declared, representing a 25% increase compared to the prior quarter [10] Q&A Session Summary Question: How much of your production is geared towards already purchased boats versus stock inventory? - The company prioritizes production based on sold boats, indicating a significant focus on fulfilling dealer orders [25] Question: What purchasing behavior have you seen from dealers regarding inventory? - Consumers are eager to get into boating and are flexible with color choices, but they remain choosy about quality [26] Question: What are the main supply chain issues currently faced? - The company is monitoring engine supplies and components with limited manufacturers, such as windshields [35] Question: Do you expect the industry to grow in 2021? - Management is optimistic about industry growth in 2021, especially considering the shutdowns in 2020 [39] Question: How will the promotional environment affect margins moving forward? - A lower than normal incentive environment is expected to continue due to strong demand, but some stabilization in incentives is anticipated [42]

Table of Contents 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, 2020 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION (exact name of registrant as specified in its charter) Delaware 58-2572419 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) 2801 Buford Highway, Suite 300, Atlanta, ...