Marine Products Corporation Reports Second Quarter 2019 Financial Results

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Go back to Marine Products Corporation Reports Second Quarter 2019 Financial Results

Marine Products (MPX) Tops Q2 EPS by 6c, Revenues Beat

July 24, 2019 6:48 AM EDT

Marine Products (NYSE: MPX) reported Q2 EPS of $0.27, $0.06 better than the analyst estimate of $0.21. Revenue for the quarter came in at $88.7 million versus the consensus estimate of $81.16 million.

Richard A. Hubbell, Marine Products' President and Chief Executive Officer stated, "A broad-based shift in our model mix during the second quarter drove average selling prices higher. Sales of our new Chaparral OSX models contributed to this shift, but higher sales... More