Boat maker Marine Products' Q2 profit falls 25%

Marine Products

24/07/2025 11:59

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.)