Public Company News
Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”
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.
Right-sizing
Marine Products Corp. said its 22 percent drop in Q4 revenues came after it aligned production with dealer inventory levels.
Marine Products Corp. to focus on high-demand models for 2020
Sterndrive sales continue to drop, though outboard models have increased.
Marine Products Corp. reports record sales and profits
The record quarter is a mixed bag: Units sold down 7 percent, price per unit up 10 percent.
Marine Products Corp repurchases shares
The parent of Chaparral and Robalo said it purchased nearly 170,000 shares during the fourth quarter.
Marine Products Corp. plans 3Q production increase
Chaparral and Robalo maker Marine Products Corp. plans to increase production gradually during the current quarter.
Marine Products Corp. reports 2Q results
Sales at Marine Products Corp. increased 9.4 percent in the second quarter to nearly $65.1 million.