Brief: Marine Products Corp Posts Q4 Earnings Per Share $0.10

Marine Products

24/01/2018 11:45

Jan 24 (Reuters) - Marine Products Corp  MPX.N : 
    * MARINE PRODUCTS CORPORATION REPORTS FOURTH QUARTER 2017 
FINANCIAL RESULTS 
    * Q4 EARNINGS PER SHARE $0.10 
    * Q4 SALES ROSE 14.6 PERCENT TO $65.59 MILLION 
    * Q4 EARNINGS PER SHARE $0.15 EXCLUDING ITEMS 
    * DURING 2018, CO ESTIMATES ITS ANNUAL EFFECTIVE TAX RATE 
WILL BE 
ABOUT IN LOW 20 PERCENT RANGE 
    * BELIEVES THAT IT WILL BENEFIT FROM LOWER TAX RATE THROUGH 
INCREASED EARNINGS AND OPERATING CASH FLOW IN 2018 
    * MARINE PRODUCTS- "DEALER INVENTORIES AND BACKLOG ARE 
SLIGHTLY 
HIGHER THAN AT THIS TIME IN 2016 AS WE PREPARE TO SUPPORT DEALER 
DEMAND IN COMING MONTHS" 
 
Source text for Eikon:  ID:nPn2c78yKa  
Further company coverage:  MPX.N  
 
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