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Marine Products (MPX)
:MPX
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.08Last Year’s EPS
0.13Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 5.01%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected significant challenges during 2024, including decreased sales and earnings. However, effective inventory management, strong cash flow, and strategic investments like solar panel installation indicate a cautiously optimistic outlook for future growth and stability.Company Guidance
During the call, Marine Products Corporation highlighted key metrics and expectations for future performance. In 2024, the company reported sales of $237 million, a decrease of 38% from the prior year, with diluted EPS declining to $0.50 from $1.21 and EBITDA falling from $52 million to $21 million. Cash flow remained strong, with operating cash flow at $30 million and free cash flow at $25 million, supported by capital expenditures of $5 million, including investment in solar panels. The company paid $44 million in dividends, including a $24 million special dividend, and ended the year with $52 million in cash and no debt. For the fourth quarter, sales were down 33% to $47.8 million, while gross profit decreased to $9.2 million with a margin of 19.2%. SG&A expenses dropped 28% to $5.6 million. The guidance suggested a cautious optimism for 2025, with expectations of muted sales growth in the first half but potential for improvement in the latter half. The company also emphasized their strategic focus on managing channel inventory, which ended the year 15% lower than the prior year, and highlighted positive consumer sentiment post-election, which could drive future demand.Field Inventory Management Success
Field inventory ended the year 15% lower than the prior year, reflecting effective management and sell-through of older models.
Solar Panel Installation
Completed the installation of solar panels at the Georgia manufacturing facility, with expected strong electricity cost savings and environmental benefits.
Strong Operating and Free Cash Flow
Generated strong operating cash flow of $30 million and free cash flow of $25 million in 2024.
Debt-free Balance Sheet
Finished 2024 with $52 million in cash and no debt.
Dividends and Cash Returns
Paid $44 million in dividends, including a $24 million special dividend, and declared a regular quarterly dividend of $0.14 per share.
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MPX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MPX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $8.18 | $8.66 | +5.87% |
| Oct 24, 2024 | $8.50 | $8.63 | +1.53% |
| Jul 25, 2024 | $8.76 | $9.27 | +5.82% |
| Apr 25, 2024 | $9.16 | $9.29 | +1.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Marine Products (MPX) report earnings?
Marine Products (MPX) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Marine Products (MPX) earnings time?
Marine Products (MPX) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPX EPS forecast?
MPX EPS forecast for the fiscal quarter 2025 (Q1) is 0.08.
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