Overview
Marine Products Q2 net sales down 3% yr/yr to $67.7 mln
Net income falls 25% yr/yr to $4.2 mln, diluted EPS at $0.12
Co maintains strong cash position with $50.2 mln and no debt
Outlook
Company expects full-year 2025 capital expenditures of $3 mln
Dealers and retail consumers remain cautious amid tariffs and macro risks
Result Drivers
DECREASED BOAT SALES - Net sales decline primarily due to 13% decrease in boats sold, offset by 10% price/mix increase
INVENTORY MANAGEMENT - Effective management of field inventory helped stabilize production levels and improve cost efficiencies
MACRO RISKS - Tariffs and macroeconomic risks continue to impact dealer and consumer behavior, per CEO Ben M. Palmer
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $67.70 mln | ||
Q2 EPS | $0.12 | ||
Q2 Net Income | $4.16 mln | ||
Q2 Gross Margin | 19.1% |
Analyst Coverage
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nPn8VbRz7a
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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