Financial Data and Key Metrics Changes - Net sales increased by 7.1% to $83.1 million in Q1 2019 compared to the same quarter last year [11] - Gross profit rose by 5.9% to $18.7 million, while gross margin slightly declined to 22.5% from 22.8% [12] - Net income decreased by 1.8% to $7.5 million, with diluted earnings per share remaining at $0.22 for both Q1 2019 and Q1 2018 [14] - Selling, general, and administrative (SG&A) expenses increased to $9.8 million, up from $8.6 million, leading to an increase in SG&A as a percentage of net sales to 11.8% from 11.1% [12][13] Business Line Data and Key Metrics Changes - Unit sales decreased by 6.8%, primarily due to a decline in sales of smaller boats, while parts and accessories sales increased by almost 10% [11][12] - The average selling prices increased by 14.8%, driven by strong sales of larger models [11][12] Market Data and Key Metrics Changes - International sales grew by 2.1%, representing 7.4% of net sales, down from 7.7% in the previous year [15] - Dealer inventories remained essentially unchanged compared to the prior year, with a slight decrease in unit backlog but a higher dollar backlog due to increased average selling prices [15][16] Company Strategy and Development Direction - The company is focusing on larger boats, which have shown stronger demand, and is investing in research and development for this segment [18][25] - The company is monitoring retail demand to ensure healthy dealer inventories in preparation for new models [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for the 2019 retail-selling season but acknowledged the need to monitor demand trends closely [18] - There is uncertainty in the Canadian market due to tariffs, which may continue to affect demand [22] Other Important Information - The board declared a regular quarterly dividend of $0.12 per share, consistent with the previous quarter [9] - The company repurchased 263,805 shares of common stock during the first quarter [9] Q&A Session Summary Question: Is there any improvement in demand trends in Canada? - Management indicated that there are no definitive trends or improvements, and uncertainty may persist until tariffs are resolved [22] Question: What drove the weakness in smaller boats? - Management noted that smaller boats are more susceptible to short-term trends, and adverse weather conditions in February and March may have impacted sales [24] Question: Is there a macro slowdown in smaller entry-level boats? - Management discouraged making broad economic assumptions based on three months of sales data, emphasizing that production of smaller boats continues [30] Question: What caused the increase in SG&A expenses despite higher sales? - The increase was attributed to higher labor rates and R&D spending, as well as costs related to employee retention and quality improvement [32] Question: Are higher labor costs affecting production? - Management confirmed that the manufacturing plant in Georgia is facing challenges in hiring and retaining skilled labor, impacting financials [33]

Marine Products Corporation Investor Relations Update First Quarter 2019 Presentation Forward Looking Statements This presentation contains statements that constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995, including all statements that look forward in time or express management's beliefs, expectations or hopes. In particular, such statements include, without limitation: our belief that international sales will continue to be weak in 2019; statements regardin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x 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, 2018 Commission File No. 1-16263 MARINE PRODUCTS CORPORATION Delaware (State of Incorporation) 58-2572419 (I.R.S. Employer Identification No.) 2801 BUFORD HIGHWAY NE, SUITE 520 ATLANTA, GEORGIA 30329 (4 ...

Financial Data and Key Metrics Changes - Net sales for Q4 2018 decreased by 5.4% to $62.1 million compared to Q4 2017, driven by an 18.1% decrease in units sold, partially offset by a 14.2% increase in average selling price per boat [10][14] - Gross profit for Q4 2018 was $13 million, a decrease of 9.4% year-over-year, with gross margin declining to 21% from 21.9% in Q4 2017 due to manufacturing cost inefficiencies [15] - Net income for Q4 2018 was $4.7 million, a decrease of 6.2% compared to $5 million in Q4 2017, with diluted earnings per share of $0.14, down from $0.15 [17] - Cash and marketable securities at the end of Q4 2018 were $16.4 million, a decrease of $4.3 million from the end of 2017, attributed to higher working capital and increased dividends [19] Business Line Data and Key Metrics Changes - The decline in unit sales was particularly concentrated in international markets, impacted by tariffs [10] - The company maintained a strong market share in its product categories, with Chaparral sterndrive products holding approximately 16.4% market share [11] Market Data and Key Metrics Changes - International sales represented only 3.2% of net sales in Q4 2018, down from 6.7% in Q4 2017, reflecting significant decreases due to trade tariffs [18] Company Strategy and Development Direction - The company is focusing on larger boats and higher selling prices, with new designs contributing positively to financial results [22] - The company plans to showcase new large boat models at upcoming Winter Boat Shows, indicating a strategy to enhance product offerings [23] Management Comments on Operating Environment and Future Outlook - Management acknowledged ongoing challenges in the labor market, which has affected operational efficiencies, but expressed hope for stabilization and improvement in margins over time [30][31] - The company remains optimistic about dealer confidence, as indicated by higher backlog levels compared to the previous year [20] Other Important Information - The Board of Directors declared a quarterly dividend of $0.12 per share, a 20% increase from the previous quarter [12] Q&A Session Summary Question: Supply of outboard engines and inventory - Management confirmed improved inventory levels for outboard engines, having purchased engines ahead to protect against demand [26] Question: Status of international sales - Management indicated that international sales remain weak with no recent improvements, but noted that this segment represents a small portion of total sales [27][28] Question: Labor market and gross margin outlook - Management acknowledged the tight labor market as a challenge but is implementing programs to improve workforce quality and operational efficiency, with expectations for margin improvement over time [30][31]