Short answer
MARINE PRODUCTS CORP (MPX) filed its Q1 2026 10-Q quarterly report on May 8, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $67M (up 12.8% year over year) with net income of −$2M.
Q1 2026 key financials · XBRL
- Revenue
- $67M
- +12.8% YoY
- Net income
- −$2M
- −193.6% YoY
- Operating margin
- -4.1%
- Gross margin
- 16.6%
- EPS (diluted)
- −$0.06
- −200.0% YoY
Source: XBRL data from the MARINE PRODUCTS CORP (MPX) Q1 2026 10-Q on SEC EDGAR. USD.
MARINE PRODUCTS CORP Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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