Marine Products First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.34 in 1Q 2023)

[email protected] (Simply Wall St)
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In This Article:

Marine Products (NYSE:MPX) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$69.3m (down 42% from 1Q 2023).

  • Net income: US$4.60m (down 60% from 1Q 2023).

  • Profit margin: 6.6% (down from 9.7% in 1Q 2023). The decrease in margin was driven by lower revenue.

  • EPS: US$0.13 (down from US$0.34 in 1Q 2023).

earnings-and-revenue-history
earnings-and-revenue-history

All figures shown in the chart above are for the trailing 12 month (TTM) period

Marine Products shares are up 3.4% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Marine Products that you need to take into consideration.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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