Marine Products Corporation Reports Third Quarter 2024 Financial Results And Declares Regular Quarterly Dividend [Yahoo! Finance]
Marine Products Corporation (MPX)
Last marine products corporation earnings: 4/29 06:45 am
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marineproductscorp.com/profile
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Source: Yahoo! Finance
Non-GAAP measures , including EBITDA, EBITDA margin, and free cash flow are reconciled to the most comparable GAAP measures in the appendices of this earnings release. All comparisons are year-over-year to 3Q:23 unless stated otherwise. Third Quarter 2024 Results Net sales decreased 36% year-over-year to $49.9 million Net income was $3.4 million , down 67% year-over-year, and diluted Earnings Per Share (EPS) was ; net income margin decreased 660 basis points to 6.8% Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was $4.3 million , down 67% year-over-year; EBITDA margin decreased 810 basis points to 8.6% Results reflected continued weakness in dealer ordering patterns given soft consumer demand; in response, the Company has reduced costs and adjusted production schedules until demand strengthens The Company continued to generate strong cash flow, ending the quarter with approximately $54 million in cash and no debt Management Commentary "As w
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MPX
Earnings
- 10/24/24 - Beat
MPX
Sec Filings
- 12/17/24 - Form 4
- 10/24/24 - Form 10-Q
- 10/24/24 - Form 8-K
- MPX's page on the SEC website