Marine Products Q3 revenue up 7%

Reuters
2025/10/30
Marine Products Q3 revenue up 7%

Overview

  • Marine Products Q3 revenue rose 7% yr/yr to $53.1 mln

  • Net income for Q3 fell 22% to $2.7 mln due to higher R&D costs

  • Company launched new 2026 model year Chaparral and Robalo products

Outlook

  • Company expects 2025 capital expenditures to be $1.0 to $1.5 mln

  • Company sees potential for lower interest rates aiding finance buyers

  • Marine Products optimistic about stabilizing demand in marine industry

Result Drivers

  • PRICE/MIX INCREASE - Net sales rose 7% due to a price/mix increase, despite a slight decrease in the number of boats sold

  • GROSS MARGIN IMPROVEMENT - Gross margin improved by 80 basis points due to targeted incentives and stabilized production schedules

  • R&D INVESTMENTS - Net income fell 22% due to higher R&D investments and cost true-ups

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$53.14 mln

Q3 EPS

$0.07

Q3 Net Income

$2.65 mln

Analyst Coverage

  • The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nPnbyqXXXa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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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