Marine Products (NYSE:MPX) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$49.9m (down 36% from 3Q 2023).

• Net income: US$3.40m (down 67% from 3Q 2023).

• Profit margin: 6.8% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$0.098 (down from US$0.30 in 3Q 2023).

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

Marine Products EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is expected to decline by 1.3% p.a. on average during the next 2 years, while revenues in the Leisure industry in the US are expected to grow by 3.4%.

Performance of the American Leisure industry.

The company's shares are down 1.8% from a week ago.

Risk Analysis

It is worth noting though that we have found 3 warning signs for Marine Products (1 is a bit concerning!) 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.