MPX at a glance
MARINE PRODUCTS CORP (MPX, SEC CIK 1129155) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on May 8, 2026, an 8-K current report on May 15, 2026 and Form 4 insider filings as recently as May 19, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), MARINE PRODUCTS CORP (MPX) reported revenue of $244.4 million (up 3.3% from FY2024) and net income of $11.4 million. Diluted EPS was $0.32.
- As of March 31, 2026, 18 institutional investment managers tracked by SignalX reported holding MARINE PRODUCTS CORP (MPX) shares worth $18.6 million in 13F-HR filings.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $244.4M
- +3.3% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 18 funds
- $18.6M · +1 vs prior quarter
- Latest 8-K
- May 15, 2026
- Item 3.01 · Item 2.01 · Item 3.03 · Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: Manufacture and sale of recreational boats through independent dealer network with dealer financing guarantees
- Strategic emphasis: Merger Agreement with restrictions limiting boat inventory repurchases to $500K individual, $1M aggregate until merger completion
- Guarantee liabilities for floorplan lenders total $29.6M as of December 31, 2025, with no material repurchases triggered in 2024-2025
- Cost of sales incentives steady near 9.1% of gross sales in 2025, slightly down from 9.2% in 2024, impacting net sales and margin by ~$0.5M per 0.25% change
- Warranty expense rose to 1.9% of net sales in 2025 from 1.5%, increasing operating costs by approximately $0.2M per 0.10% increment
Risk Factors
- Regulatory risk: oversight of cybersecurity risk by Audit Committee per enterprise risk management requirements
- Operational risk: reliance on IT manager with 20+ years cybersecurity experience monitoring threats and vulnerabilities
- Cybersecurity risk: periodic third-party external vulnerability scans detect no critical threats to date
- Governance risk: Board reviews enterprise risk management and delegates cybersecurity oversight to Audit Committee quarterly updates
Management Discussion & Analysis
- Revenue $244.4M in 2025, up 3.3% YoY from $236.6M, driven by 9% price/mix increase partially offset by 6% volume decline
- Net income $11.4M, down from $17.9M, net income margin 4.7% vs 7.5%, diluted EPS $0.32 vs $0.50 in 2024
- Best segment: price/mix contributing to revenue growth; Worst segment: unit sales decline by 6%, reducing volume
- Operating cash flow $16.5M and free cash flow $14.9M in 2025, down from $29.5M and $24.9M in 2024; Capex $1.5M vs $4.6M, no buybacks, dividends paid in prior year
- 2026 Outlook: capital expenditures $1M-$5M with merger-related transaction costs expected, uncertainty from elevated interest rates and tariffs on imported materials
AI summary of the MPX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Mar 31, 2026
Management Discussion & Analysis
- Q1 revenue $66.5M, up 12.8% YoY from $59.0M, driven by 15% price/mix increase
- Net loss margin 3.1% vs 3.7% net income margin; adjusted EBITDA margin 4.6% vs 5.8%
- Gross profit $11.1M vs $11.0M; boat volume worst-performing metric, down 1% to 617 units
- Cash $45.8M vs $43.5M at year-end; operating cash flow $9.1M vs $10.8M, free cash flow $8.6M vs $10.7M
- Headwinds: elevated interest rates, tariffs, fuel prices, cautious dealers, and $5.0M merger costs; 2026 capital expenditures expected at $1M–$5M
Risk Factors
- New geopolitical risk: Iran conflict and Strait of Hormuz blockage triggered elevated oil prices and supply-chain disruption
- Market risk: Higher fuel costs could reduce recreational boating demand, utilization, dealer profitability, and purchases
- Operational risk: Blockage may increase shipping transit times, freight rates, insurance costs, parts shortages, and delivery delays
- Margin risk: Higher resin, fiberglass, foam, metal, electronics, and propulsion costs may not be fully offset through pricing
- Carried-forward risks: No material changes beyond the newly disclosed Iran conflict and Hormuz blockage risk-factor addition
AI summary of the MPX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule
- Filing addresses a continued-listing or exchange-transfer matter, potentially affecting MPX’s trading venue and shareholder access
- Introductory Note contains the operative details needed to determine compliance status and any transfer timeline
Item 2.01: Completion of Acquisition or Disposition of Assets
- Acquisition completed through the merger structure, creating Marine Products Group, LLC as the surviving entity
- Marine Products’ existing certificate and bylaws carried forward into the first merger survivor
Item 3.03: Material Modification to Rights of Security Holders
- Marine Products common stockholders lost all stockholder rights at the merger’s First Effective Time
- Former holders’ sole remaining entitlement: merger consideration under the Merger Agreement
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Item 5.02 references the Introductory Note for officer, director, and executive compensation information
- The excerpt provides no identifiable personnel changes, appointments, departures, or compensation terms
Item 5.07: Submission of Matters to a Vote of Security Holders
- Merger Agreement approved, clearing the key shareholder vote for MasterCraft’s acquisition of Marine Products
- Approval vote: 30,470,005 for, 331,629 against, and 15,834 abstentions
Item 8.01: Other Events
- HSR antitrust waiting period expired April 6, 2026, removing a key regulatory condition for the MasterCraft–Marine Products merger
- Mergers expected to close on or about May 15, 2026, subject to remaining closing conditions or waivers
Item 2.02: Results of Operations and Financial Condition
- First-quarter 2026 results announced for period ended March 31, 2026
- Press release contains the substantive financial details for Marine Products Corporation (MPX)
AI summaries of MPX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for MPX
Don't miss the next MPX filing
- Alerts as it files. A push when MPX files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut MPX, by share count.
- Ask anything. An AI agent that reads every MPX filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Schmit Michael | A | May 15, 2026 | 22,339 | - |
| Schmit Michael | J | May 15, 2026 | 100,577 | $8.18 |
| Bell Susan R. | J | May 15, 2026 | 18,409 | $8.18 |
| Lewis Stephen E | J | May 15, 2026 | 5,801 | $8.18 |
| Nix Jerry | J | May 15, 2026 | 15,909 | $8.18 |
| Wilson John F | J | May 15, 2026 | 16,909 | $8.18 |
| Kolstad Gary A | J | May 15, 2026 | 4,651 | $8.18 |
| RFA MANAGEMENT CO LLC | J | May 15, 2026 | 156,838 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $236.6M | $244.4M |
| Gross Profit | - | $45.5M | $46.8M |
| Operating Income | - | $18.3M | $14.0M |
| Net Income | - | $17.9M | $11.4M |
| Gross Margin | - | 19.2% | 19.1% |
| Op. Margin | - | 7.7% | 5.7% |
| Net Margin | - | 7.5% | 4.7% |
| Balance Sheet | |||
| Total Assets | $193.8M | $171.2M | $147.2M |
| Equity | $151.6M | $129.0M | $125.0M |
| ROE | - | 13.8% | 9.1% |
| Per Share | |||
| EPS | - | $0.50 | $0.32 |
| Cash Flow | |||
| Operating CF | - | $29.5M | $16.5M |
| CapEx | - | $4.6M | $1.5M |
Source: XBRL data in MARINE PRODUCTS CORP (MPX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q1 2026Aggregate MPX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q1 2026 | 18 | $18.6M |
| Q4 2025 | 17 | $23.6M |
| Q3 2025 | 18 | $24.5M |
| Q2 2025 | 18 | $23.3M |
| Q1 2025 | 14 | $17.1M |
| Q4 2024 | 11 | $17.8M |
| Q3 2024 | 9 | $13.8M |
- Dimensional Fund Advisors+21.1K (+3%)
- BNY Mellon+14.3K (+10%)
- T. Rowe Price Group+4.2K (+26%)
- Bank of America Corp+1.5K (+14%)
- PNC Financial Services+21 (+4%)
- Morgan Stanley−65.8K (-68%)
- Wells Fargo & Co−6.5K (-67%)
- BlackRock−5.9K (-1%)
- Northern Trust−4.9K (-5%)
- FMR LLC (Fidelity)−3.7K (-44%)
- Vanguard Group Inc−584.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 105 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
MPX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 4 | May 19, 2026 | - | - | |
| 8-K | May 15, 2026 | - | Analysis | |
| 8-K | May 12, 2026 | - | Analysis | |
| 10-Q | May 8, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | May 7, 2026 | - | Analysis | |
| 8-K | May 1, 2026 | - | Analysis | - |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 8-K | Mar 18, 2026 | - | Analysis | - |
| 10-K | Feb 27, 2026 | Dec 31, 2025 | Analysis | |
| 8-K | Feb 5, 2026 | - | - | |
| 8-K | Feb 5, 2026 | - | - | |
| 4 | Jan 30, 2026 | - | - | |
| 4 | Jan 30, 2026 | - | - | |
| 4 | Jan 30, 2026 | - | - | |
| 4 | Jan 29, 2026 | - | - | |
| 4 | Jan 29, 2026 | - | - |
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MPX SEC filings: frequently asked questions
Which institutions hold MPX stock?
As of March 31, 2026, the largest MARINE PRODUCTS CORP (MPX) holders among the 13F filers tracked by SignalX were Dimensional Fund Advisors ($5.6 million), BlackRock ($4.5 million), Vanguard Capital Management LLC ($3.3 million), State Street Corp ($1.3 million), BNY Mellon ($1.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was MPX's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), MARINE PRODUCTS CORP (MPX) reported revenue of $244.4 million (up 3.3% from FY2024) and net income of $11.4 million. Diluted EPS was $0.32. The figures come from the XBRL data in the 10-K.
What are the main risks in MPX's latest 10-K?
In the 10-K filed February 27, 2026, MARINE PRODUCTS CORP (MPX) flagged: Regulatory risk: oversight of cybersecurity risk by Audit Committee per enterprise risk management requirements. Operational risk: reliance on IT manager with 20+ years cybersecurity experience monitoring threats and vulnerabilities. (AI summary of the Risk Factors section.)
What did MPX report in its latest 8-K?
MARINE PRODUCTS CORP (MPX) filed an 8-K on May 15, 2026 reporting Item 3.01 (Notice of Delisting or Failure to Satisfy a Continued Listing Rule), Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 3.03 (Material Modification to Rights of Security Holders) and Item 5.02 (Departure/Appointment of Directors or Principal Officers). Filing addresses a continued-listing or exchange-transfer matter, potentially affecting MPX’s trading venue and shareholder access.
What are the latest MPX SEC filings?
MARINE PRODUCTS CORP (MPX) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on May 8, 2026, an 8-K current report on May 15, 2026 and a Form 4 insider filing on May 19, 2026.
What is MPX's SEC CIK number?
MARINE PRODUCTS CORP (MPX)'s SEC Central Index Key (CIK) is 1129155. EDGAR lists every MPX filing under that number.
Ask anything about MPX
The research agent reads MPX's filings, financials, insider trades and 13F holders, then answers with sources.