Marine Products Q3 revenue up 7%

Marine Products

30/10/2025 10:52

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

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(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.)