Marine Products | 8-K: FY2025 Q3 Revenue: USD 53.15 M

Revenue: As of FY2025 Q3, the actual value is USD 53.15 M.

EPS: As of FY2025 Q3, the actual value is USD 0.07.

EBIT: As of FY2025 Q3, the actual value is USD 2.422 M.

Financial Metrics Summary

Segment Revenue

• Net sales increased by 7% year-over-year to $53.1 million, primarily due to a price/mix increase of 7%, slightly offset by a decrease in the number of boats sold.

Operational Metrics

• Net income was $2.7 million, a decrease of 22% from the previous year, with a net income margin of 5.0%, down 180 basis points. The decline was attributed to higher R&D investments and cost true-ups.
• Gross profit increased by 11% to $10.2 million, with a gross margin of 19.2%, up 80 basis points from the prior year.
• Selling, general, and administrative expenses rose by 31% to $7.4 million, representing 13.9% of net sales, up 260 basis points.
• EBITDA was $3.7 million, down 15% year-over-year, with an EBITDA margin of 6.9%, a decrease of 170 basis points.

Cash Flow

• The company ended the quarter with $47.4 million in cash and no debt.
• Net cash provided by operating activities was $11.7 million, and free cash flow was $10.8 million year-to-date through 3Q:25.

Unique Metrics

• The company launched the 2026 model year Chaparral and Robalo products, indicating a focus on product innovation and market adaptation.

Outlook / Guidance

• Management expressed cautious optimism about reaching a turning point in the industry due to stabilizing demand and strong interest in larger boats. They are encouraged by potential lower interest rates and improved clarity on tariffs, which may not significantly impact 2026 model year costs.