MARINE PRODUCTS DL-,10

Marine Products’ compensation committee approved cash transaction bonuses for two executives: Ben M. Palmer will receive $200,000 and Michael L. Schmit $100,000. The payments are contingent on the closing of the planned cash-and-stock transaction with MasterCraft; half of each bonus is payable at closing and the remainder 90 days later. The takeover by MasterCraft is valued at about $232.2 million and envisions Marine Products becoming a 100% subsidiary through a two-step merger process. Marine Products is trading near its 52-week low; according to analysis it appears undervalued, has more cash than debt and a dividend yield of 7.84%. The regular quarterly dividend of $0.14 will be paid on March 10. » Mere på de.investing.com

Marine Products reported Q3 2025 EPS of US$0.07 (expectation US$0.10) and revenue of US$53.1m (expectation US$54.8m). The share fell 5.33% in after-hours trading to US$8.52. Despite a 7% revenue increase, EBITDA declined 15% to US$3.7m. The company is debt-free with US$47.4m in cash and plans investments and strategic measures to secure growth. » Mere på de.investing.com

Marine Products Corporation reported earnings per share of $0.12 for the second quarter of 2025, meeting analyst expectations, while revenue of $67.7 million came in slightly below forecasts. Despite a 3% decline in revenue and lower boat sales volume, the stock rose 1.6% in after-hours trading, supported by improved gross margin and a strong liquidity position. CEO Ben Palmer expressed cautious optimism for the second half of the year, citing planned model launches and potential positive effects from interest rate cuts. » Mere på de.investing.com

Marine Products Corporation has appointed Gary Kolstad to its board of directors, bringing extensive leadership experience to the company. In the first quarter of 2025, the company reported a 15% decrease in revenue to $59 million and a drop in earnings per share, but remains debt-free with strong liquidity. Additionally, changes to corporate governance and the company's bylaws were approved, while the company remains cautiously optimistic about the second half of the year. » Mere på de.investing.com