Marine Products Corporation

Marine Products Corporation (MPX) reported FY 2025 net sales of $244.4 million, generating gross profit of $46.8 million and net income of $11.4 million. Operating income was $14.0 million, with a net cash inflow from operations of $16.5 million. The company maintained a strong liquidity position with $43.5 million in cash and cash equivalents and total assets of $147.2 million. Key financial drivers included effective cost management, with gross margin at 19.1% and operating margin at 5.7%. The company paid $19.6 million in dividends and retired $1.1 million in common stock. Forward-looking significance includes the proposed merger with MasterCraft, which involves a potential $11.6 million termination fee, and ongoing management of dealer floor plan financing arrangements with aggregate repurchase obligations of $29.6 million.

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