Chaparral and Robalo maker Marine Products Corp. plans to increase production gradually during the current quarter after reporting strong sales in the second quarter.
Marine Products Corp.
Marine Products Corp. is the builder of Chaparral sterndrive powerboats and Robalo offshore sportfishing boats. The publicly traded company is based in Atlanta.
Sales at Marine Products Corp. increased 9.4 percent in the second quarter to nearly $65.1 million and the company said it saw a 10.9 percent increase in unit sales, which was partially offset by a 2.9 percent decrease in the average selling price of a boat.
B. Riley & Co. will add West Marine and Marine Products Corp. to the list of marine businesses the company’s analysts will cover in an effort to shed light on the “under-followed” boating industry’s nuances.
Marine Products Corp., parent company of Chaparral and Robalo, is a well-run company that has been “one of the few stars of this sterndrive market that’s been under so much pressure.”
Marine Products Corp., the builder of Chaparral sterndrive and inboard boats and Robalo outboard sportfishing boats, saw a 17 percent increase in net sales for the first quarter because of a 12.3 percent increase in the number of boats sold and a 2.9 percent increase in the average price per boat sold. Unit sales increased…more
Chaparral and Robalo builder Marine Products Corp. said it increased net sales by 22.2 percent in its fourth quarter a gain attributable to a 31.5 percent increase in the number of boats sold and that net sales for the year were up 39.9 percent from 2011. Net income for the quarter was $1.06…more
Chaparral and Robalo builder Marine Products Corp. will release its fourth-quarter and year-end financial results on Jan. 23. The company will host a conference call at 8 a.m. EST that day to review the results. Individuals wishing to participate in the conference call should dial (719) 325-2472, or (888) 438-5524 for international callers, and use…more
Marine Products Corp., the parent company of boatbuilders Chaparral and Robalo, was named a partner member of the Marine Retailers Association of the Americas. “We are honored to have earned Chaparral and Robalos partnership, MRAA president Matt Gruhn said in a statement. “During the recession their company demonstrated its commitment to their dealer networks, providing…more
Marine Products Corp., the builder of Chaparral and Robalo boats, today reported sharply higher third-quarter sales and profits, further evidence of an ongoing recovery in the marine industry. The Atlanta-based company said it earned $2.1 million, or 6 cents a share, for the quarter that ended Sept. 30, a 76 percent increase from $1.2 million,…more
Marine Products Corp. said it will release its third-quarter financial results on Oct. 24 before the stock market opens and will host a conference call at 8 a.m. EDT that day to review them. Those who would like to participate in the call are asked to dial (888) 438-5519 (719) 325-2454 for international callers…more