Marine Products Corporation Reports First Quarter 2019 Financial Results
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Marine Products (MPX) Tops Q1 EPS by 6c, Revenues Beat
April 24, 2019 6:52 AM EDTMarine Products (NYSE: MPX) reported Q1 EPS of $0.22, $0.06 better than the analyst estimate of $0.16. Revenue for the quarter came in at $83.05 million versus the consensus estimate of $73.18 million.
Richard A. Hubbell, Marine Products' President and Chief Executive Officer stated, "During the first quarter, we sold fewer of our small boats to our dealer network, resulting in a 6.8 percent decrease in unit sales. Sales declines were concentrated in our smallest Robalo models and Chaparral H2O models. By contrast, we realized increased sales... More
