NYSE$MPX
Marine Products Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Net sales and net income increased compared to the same period of the prior year.
Marine Products Corporation reported a strong second quarter with net sales increasing by 42% and net income increasing by 72% compared to the same period last year. The increase in net sales was primarily due to a 22 percent increase in the average selling price per boat and a 15 percent increase in the number of boats sold.
- Net sales increased by 42% to $95.8 million compared to the same period of the prior year.
- Gross profit increased to $23.0 million compared to $14.6 million in the second quarter of the prior year.
- Net income increased by 72% to $10.0 million compared to $5.8 million in the second quarter of 2021.
- Diluted earnings per share increased by 71% to $0.29 compared to $0.17 in the second quarter of the prior year.
Headline financials
Revenue & EPS history
Marine Products · Revenue · Quarterly
$95.8M
Forward guidance
The company is closely monitoring retail demand indications as consumers assess rising interest rates and the near-term prospect of a recession. They believe any slowdown in consumer demand will not impact their near-term results and are focusing on maximizing unit production and quality.
Tailwinds
- The company continues to work toward more timely receipts of short components from our suppliers and overcome boat delivery transportation challenges.
- Dealer inventories remain at historic lows.
- Consumer demand continues to exceed the industry’s capacity to meet that demand.
- The company believes any slowdown in consumer demand will not impact their near-term results.
- The company continues to focus on maximizing unit production and quality.
Headwinds
- The company is still being impacted by sporadic and unexpected shortages of critical components.
- These delays continue to impact the company's ability to meet demand.
- Delays lead to higher-than-normal inventory levels of substantially completed boats that could not be shipped to dealers.
- The company is closely monitoring retail demand indications as consumers assess rising interest rates.
- The company is considering the near-term prospect of a recession.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2022
-0.7%
Avg return
Earnings day
-1.9%
Avg return
5 days after
-1.5%
Avg return
30 days after
35%
23 / 66 earnings
Positive
+14.9%
Q4 2015
Best reaction
-19.2%
Q2 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.3% | +0.7% | — | |
| Q4 2025 | -17.0% | -19.5% | -28.8% | |
| Q3 2025 | -0.2% | -2.0% | -0.6% | |
| Q2 2025 | +2.2% | +0.1% | +0.7% | |
| Q1 2025 | -0.5% | -1.4% | -2.8% | |
| Q4 2024 | +4.8% | +2.3% | -4.0% | |
| Q3 2024 | -0.4% | +1.2% | +5.7% | |
| Q2 2024 | +7.9% | +7.5% | -3.8% | |
| Q1 2024 | +3.6% | -3.2% | -7.0% | |
| Q4 2023 | -5.4% | -6.0% | -6.6% | |
| Q3 2023 | -13.5% | -23.8% | -25.6% | |
| Q2 2023 | -0.3% | -4.7% | -6.2% | |
| Q1 2023 | +3.4% | +11.6% | +16.9% | |
| Q4 2022 | -1.8% | -4.8% | -1.1% | |
| Q3 2022 | +8.1% | +12.2% | +26.8% | |
| Q2 2022 | +9.8% | +10.3% | +5.6% | |
| Q1 2022 | -1.7% | -10.4% | -15.3% | |
| Q4 2021 | +7.2% | +9.3% | +8.6% | |
| Q3 2021 | -2.9% | -1.2% | -4.9% | |
| Q2 2021 | -0.8% | -2.3% | -16.0% | |
| Q1 2021 | -4.5% | -1.9% | -9.5% | |
| Q4 2020 | -0.8% | +2.2% | +1.6% | |
| Q3 2020 | -9.0% | -5.5% | -5.0% | |
| Q2 2020 | -19.2% | -16.5% | -17.0% | |
| Q1 2020 | -1.1% | -3.2% | +14.4% | |
| Q4 2019 | -5.1% | -4.0% | -16.1% | |
| Q3 2019 | -2.1% | -5.1% | +9.1% | |
| Q2 2019 | +6.7% | +17.1% | +13.5% | |
| Q1 2019 | +7.0% | +10.2% | +2.7% | |
| Q4 2018 | -15.0% | -17.5% | -13.9% | |
| Q3 2018 | -6.4% | -10.8% | -6.9% | |
| Q2 2018 | -3.8% | -6.9% | -4.6% | |
| Q1 2018 | -1.7% | -2.2% | +4.4% | |
| Q4 2017 | +12.4% | +10.9% | +4.9% | |
| Q3 2017 | -6.2% | -8.8% | -0.3% | |
| Q2 2017 | -3.5% | -3.6% | +2.1% | |
| Q1 2017 | +1.9% | +4.3% | +12.5% | |
| Q4 2016 | -16.3% | -17.6% | -18.7% | |
| Q3 2016 | +5.5% | +5.4% | +28.2% | |
| Q2 2016 | +0.0% | +0.4% | -0.8% | |
| Q1 2016 | -3.2% | — | — | |
| Q4 2015 | +14.9% | — | — | |
| Q3 2015 | +0.0% | — | — | |
| Q2 2015 | +6.6% | — | — | |
| Q1 2015 | -11.3% | — | — | |
| Q4 2014 | +4.2% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | +6.0% | — | — | |
| Q1 2014 | -3.1% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2013 | -2.2% | — | — | |
| Q2 2013 | +1.7% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | +8.1% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q1 2011 | -1.0% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | -2.2% | — | — | |
| Q4 2009 | -2.2% | — | — | |
| Q3 2010 | -1.0% | — | — | |
| Q3 2011 | -1.0% | — | — | |
| Q4 2010 | -1.5% | — | — | |
| Q2 2010 | -1.5% | — | — | |
| Q2 2011 | -1.5% | — | — | |
| Q1 2010 | +5.1% | — | — |
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