Company Highlights
- 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.
- The flagship Chaparral brand is ranked second by market share in sterndrive unit sales in the 19-36 foot category.
- Robalo is ranked second by market share in outboard unit sales in the 19-34 foot category, and the combination of both Robalo and Chaparral outboard unit sales is ranked first in the industry.
Non-GAAP Financial Measures
Marine Products Corporation uses the non-GAAP financial measures of Earnings before interest, taxes, depreciation and amortization (EBITDA)
Management believes that presenting this financial measure enables us to compare our operating performance consistently over various time periods without regard to changes in our capital structure.
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. Set forth below are reconciliations of these non-GAAP measures with their most comparable GAAP measures:
Reconciliation of Net Income to EBITDA
Net income
Add:
Income tax provision Depreciation and amortization
Less:
Interest income, net
Equals: EBITDA
Reconciliation of Operating Cash Flow to Free Cash Flow
Net cash provided by operating activities
Less:
Capital expenditures
Equals: Free cash flow
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Recent News:
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Recent Key Documents
Investor Relations
Mark Chekanow, CFA
Vice President, Corporate Development & Investor Relations
(404) 419-3809
Sharon A. Gardner
Senior Manager and
Assistant Corporate Secretary
(404) 321-2172
Transfer Agent and Registrar
For inquiries related to stock certificates, including changes of address, please contact:
For inquiries related to removing a stock legend, please contact:
Equiniti Trust Company, LLC
Attn: Legal Department 55 Challenger Road, 2nd Floor Ridgefield Park, NJ 07660
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Social Media Disclosure Marine Products Corporation, Inc. announces material financial information and other important information to our investors and other interested parties in a variety of ways, including our investor relations website, press releases, SEC filings, public conference calls and webcast investor presentations. We use these channels, as well as social media, to communicate with the public about MPC and its subsidiaries. It is possible that the information we disclose using any of these channels, including the information that we post on social media, could be deemed to be material information. Therefore, we encourage those interested in our company to review the information we disclose on all of these channels, including the information that we post on the social media channels listed below. This list may be updated from time to time on this page of our website. Facebook:
Instagram:
#chaparralboats #robaloboats |