Marine Products Q4 net sales rise on volume and pricing

Marine Products

05/02/2026 11:55

Overview

Fiberglass boat maker's Q4 net sales rose 35% yr/yr

Net income for Q4 fell 45% yr/yr due to tax impacts

Company ended Q4 with $43.5 mln cash and no debt

Result Drivers

SALES VOLUME AND PRICING - Net sales rose 35% due to a 22% increase in boats sold and a 12% price/mix increase

TAX IMPACT - Net income decreased due to taxes on liquidated company-owned life insurance policies

EXPENSES INCREASE - Selling, general and administrative expenses rose 61%, impacting net income

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$64.57 mln
Q4 EPS
$0.07
Q4 Net Income
$2.37 mln


Analyst Coverage

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nPn1j1FPSa

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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.)