Marine Products Corporation
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My Marine Products
Highlights:
  • The flagship Chaparral brand is ranked fourth by market share in sterndrive unit sales.

  • Marine Products' financial strength is evident in its consistent operating and financial performance and an exemplary balance sheet and capital structure.

  • The experience and discipline of the operating management team delivers consistent performance and profitability, rare in the marine manufacturing industry.

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    Non-GAAP Financial Measure

    In its recent historical financial disclosure, Marine Products Corporation has used the non-GAAP financial measures of net income excluding other income and diluted earnings per share excluding other income in today's earnings release, and anticipates using these non-GAAP financial measures in today's earnings conference call. These measures should not be considered in isolation or as a substitute for net income, earnings per share, or other performance measures prepared in accordance with GAAP.

    Marine Products Corporation has used these non-GAAP financial measures because other income recorded in the fourth quarter of 2011 was comprised of a non-taxable gain on a benefit plan financing arrangement related to a supplemental retirement plan. Since this item does not relate to Marine Products Corporation’s operating results, no comparable gains were recorded in prior periods during 2010, and we do not anticipate that gains or losses of this magnitude will occur frequently, the use of this non-GAAP financial measure enables us to compare our operating performance consistently over various time periods.

    A non-GAAP financial measure is a numerical measure of financial performance, financial position, or cash flows that either 1) excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of operations, balance sheet or statement of cash flows, or 2) includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented.

    News:
    Apr 29, 2013
    Marine Products Corporation Announces Entrance into Jet Boat Market
    Apr 24, 2013
    Marine Products Corporation to Present at Burkenroad Reports 17th Annual Investment Conference
    Apr 24, 2013
    Marine Products Corporation Reports First Quarter 2013 Financial Results
    Apr 24, 2013
    Marine Products Corporation Announces Regular Quarterly Cash Dividend
    Apr 08, 2013
    Marine Products Corporation Announces Date for First Quarter 2013 Financial Results and Conference Call
    Jan 23, 2013
    Marine Products Corporation Reports Fourth Quarter and Year-End 2012 Financial Results
    Jan 23, 2013
    Marine Products Corporation Announces a 50 Percent Increase to the Regular Quarterly Cash Dividend
    Jan 08, 2013
    Marine Products Corporation Announces Date for Fourth Quarter and Year-End 2012 Financial Results and Conference Call
    Jan 07, 2013
    Marine Products Corporation Announces Fourth Quarter 2012 Share Repurchases
    Oct 24, 2012
    Marine Products Corporation Announces Regular Quarterly and Special Year-End Cash Dividends
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    Marine Products Corporation Q1 2013 Conference Call Webcast
    Marine Products Corporation to present at 17th Annual Burkenroad Reports Investment Conference
    2012 Annual Report and Form 10-K
    04-27-2012 MPC Burkenroad Investment Conference Presentation
    Presentations
    2011 Annual Report and Form 10-K
    2010 Annual Report and Form 10-K
     
    As of Jun 18, 2013 6:15 PM ET
    NYSE   MPX   $7.20     0.08  1.12%
    Open: 7.17  Prev Close: 7.12
    Day High: 7.20  Day Low: 6.99
    Year High: 7.91    Year Low: 5.01
    Volume: 11,472
    Market Cap: $272,395,188
    Outstanding: 37,832,665
    Outstanding as of: Feb 17, 2012
    Quote delayed 20 minutes
     

     
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    Investor Relations:
    James C. Landers
    V.P. Corporate Finance
    jlanders@marineproductscorp.com
    Phone:  (404) 321-2162
    Fax:  (404) 321-5483
    Sharon A. Lennon
    Investor Relations and Corporate Communications Manager
    slennon@marineproductscorp.com
    Phone:  (404) 321-2172
    Fax:  (404) 321-5483

    Address:
    Marine Products Corporation
    2801 Buford Highway NE
    Suite 520
    Atlanta, GA 30329
    United States Of America
    Employees: 360
    Forward-Looking Statement:
    Certain statements and information included within this Web site contain and constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include statements regarding our belief that our dealer inventory and current production levels are conservative as we participate in the 2012 winter boat show season; our belief that our smaller models will increase unit sales in a segment in which we have an opportunity to increase market share; our hope to capture additional market share as purchasers of these entry-level models purchase larger Chaparral or Robalo models in the future; our belief that these entry-level Chaparral and Robalo models will maintain our profitability because of higher production volumes which increase manufacturing efficiencies; our intention to continue seeking the most advantageous purchasing arrangements from our suppliers; our ability to execute our marketing strategy to increase market share by expanding our presence by building dedicated sales, marketing and distribution systems; our intention to continue to strengthen our dealer network and build brand loyalty with dealers and customers; our ability to locate and complete strategic acquisitions that will complement our existing product lines, expand our geographic presence and strengthen our capabilities; our belief that our corporate infrastructure and marketing and sales capabilities, in addition to our cost structure and nationwide presence, enable us to compete effectively; our belief that we do not currently anticipate that any material expenditures will be required to continue to comply with existing environmental or safety regulations; our belief that the increase in prices of certain commodities is likely to lead to higher costs in 2012 and that we may not be able to increase prices to compensate for increased costs and that the Company may not be able to implement manufacturing strategies that will significantly reduce usage of raw materials that will compensate for these increased costs; our belief that it is likely that these increased commodity prices will negatively impact our operating results in 2012 compared to 2011; our belief that our product liability insurance will be adequate; our belief that we have not suffered an increased risk of default among our municipal securities investments; our intention to pursue acquisitions and form strategic alliances that will enable us to acquire complementary skills and capabilities, offer new products, expand our customer base and obtain other competitive advantages; our belief that the ultimate outcome of litigation arising in the ordinary course of business will not have a material adverse effect on our liquidity, financial condition or results of operations; our ability to execute stated business and financial strategies in the future to better manage our Company; our belief that net sales will increase moderately in 2012 compared to 2011 and that our operating results will improve; our belief that indications are that retail demand in recreational boating has stabilized and may be increasing; our belief that our operating results should moderately improve due to higher volumes and an improved gross margin from improved product efficiencies and cost absorption; our belief that retail sales will increase in 2012 and that such increase will be modest due to slowly improving consumer confidence; our belief that advertising and consumer targeting efforts will benefit the industry and Marine Products; our anticipation that the Company will continue to be challenged by the effect of an uncertain level of consumer demand; our belief that emphasizing entry-level models in our Chaparral and Robalo product lines will appeal to value-conscious boaters who want to buy a new boat, as well as first-time boat buyers who are interested in a smaller investment in boat ownership; our belief that these new products will increase our net sales and enhance our profitability by improving our cost absorption; our belief that these models will increase our sales in market segments in which we would like to increase our market share, and that these models will encourage consumers of these products to purchase larger, more expensive boats from us in the future; our belief that we do not expect to report any gains similar to those reported as Other Income during 2011 in 2012; expectations about the amount of contributions to our defined benefit plan and capital expenditures during 2012 and the purpose of those capital expenditures; the adequacy of the Company’s capital resources; the amount and timing of future contractual obligations; judgments about the Company’s critical accounting policies; and the effect of various recent accounting pronouncements on the Company, its operating results and financial condition. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Marine Products Corporation to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. These risks involve the outcome of current and future litigation, the impact of interest rates, economic conditions, fuel costs and weather on our business, our dependence on a network of independent boat dealers, the possibility of defaults by our dealers in their obligations to third-party dealer floor plan lenders, and our reliance on third-party suppliers. Additional discussion of factors that could cause the actual results to differ materially from management's projections, forecasts, estimates and expectations is contained in Marine Products' Form 10-K, filed with the Securities and Exchange Commission for the year ending December 31, 2011.
    © 2003 MARINE PRODUCTS CORPORATION. ALL RIGHTS RESERVED.

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