Marine Products Corp Reports Successful Q2 2012 Financial Results
U.S. based Marine Products Corporation release its unaudited results for the quarter ended June 30, 2012. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers and Premiere Sport Yachts, and outboard sport fishing boats by Robalo. For the quarter ended June 30, 2012, Marine Products generated net sales of $38,454,000, a 32.2 percent increase compared to $29,098,000 last year. The increase in net sales was due to a 58.6 percent increase in the number of boats sold, partially offset by an 18.1 percent decrease in the average selling price per boat.
Boat Sales Up in Q1 Reports Marine Products Corp
Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers and Premiere Sport Yachts, and outboard sport fishing boats by Robalo. For the quarter ended March 31, 2012, Marine Products generated net sales of $37,849,000, a 39.4 percent increase, compared to $27,148,000 last year. The increase in net sales was due to a 54.1 percent increase in the number of boats sold, partially offset by an 11.3 percent decrease in the average selling price per boat.
Marine Products Corporation Reports Q1 Results
ATLANTA, April 27, 2011 – Marine Products Corporation (NYSE: MPX) announced its unaudited results for the quarter ended March 31, 2011. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, SSi and SSX Sportboats and Cuddy Cabins, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers, and outboard sport fishing boats by Robalo. For the quarter ended March 31, 2011, Marine Products generated net sales of $27,148,000 a 10.8 percent increase compared to $24,493,000 last year.
Marine Products Corp 1Q 2009 Results
Marine Products Corporation (NYSE:MPX) announced its unaudited results for the quarter ended March 31, 2009. Marine Products is a manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, SSi Wide Techs, SSX Bowriders, Sunesta Wide Techs and Xtremes, Signature Cruisers, and outboard sport fishing boats by Robalo. For the quarter ended March 31, 2009, Marine Products generated net sales of $13,806,000, a 78.9 percent decrease compared to $65,542,000 last year. The decrease in net sales was due to a decrease of 77.9 percent in the number of boats sold and additional costs recorded during the quarter of our winter retail incentive program.
Prince Elected to the Marine Products
Marine Products Corporation (NYSE:MPX) announced the expansion of the Board to 10 members and the election of Larry L. Prince, as a new Director of the company. Prince serves as the Chairman of the Executive Committee of the Board of Directors of Genuine Parts Company; Chairman of the Board from 1990 through February 2005 and Chief Executive Officer from 1989 through August 2004 of the Genuine Parts Company. Prince also serves as a director of Crawford & Company, and SunTrust Banks, Inc. Marine Products is a manufacturer of fiberglass boats, including Chaparral pleasure boats and Robalo sport fishing boats. (www.marineproductscorp.com)
Marine Products 2008 Q4 Results
Marine Products Corporation (NYSE:MPX) announced its unaudited results for the quarter ended December 31, 2008. Marine Products is a manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, SSi Wide Techs, SSX Bowriders, Sunesta Wide Techs and Xtremes, Signature Cruisers, and outboard sport fishing boats by Robalo. For the quarter ended December 31, 2008, Marine Products generated net sales of $22.7m a 61.4 percent decrease compared to $58.9m last year. The decrease in net sales was due to a 63.3 percent decrease in the number of boats sold, partially offset by a 6.7 percent increase in the average selling price per boat.
