---
title: "Marine Products | 8-K: FY2026 Q1 Revenue: USD 66.53 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285532713.md"
datetime: "2026-05-07T10:47:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285532713.md)
  - [en](https://longbridge.com/en/news/285532713.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285532713.md)
---

# Marine Products | 8-K: FY2026 Q1 Revenue: USD 66.53 M

Revenue: As of FY2026 Q1, the actual value is USD 66.53 M.

EPS: As of FY2026 Q1, the actual value is USD -0.06.

EBIT: As of FY2026 Q1, the actual value is USD -2.719 M.

#### Segment Revenue

-   Net sales for Marine Products Corporation increased 13% year-over-year to $66.5 million, primarily driven by a 15% price/mix increase, partially offset by a 1% decrease in the number of boats sold during the quarter .

#### Operational Metrics

-   Net loss was - $2.1 million, compared to $2.2 million in the prior year period, negatively impacted by $5.0 million of pretax merger-related costs .
-   Adjusted net income was $1.8 million .
-   Gross profit increased 1% to $11.1 million .
-   Gross margin was 16.6%, a decrease of 200 basis points from the prior year, primarily due to higher labor and overhead costs .
-   Operating loss was - $2,719 thousand, compared to an operating income of $2,613 thousand in the prior year .
-   Selling, General and Administrative Expenses (SG&A) were $8.8 million, up 6%, and represented 13.3% of net sales, which was down 80 basis points year-over-year .
-   (Loss) Earnings Before Interest, Taxes, Depreciation and Amortization ((LBITDA) EBITDA) was - $1.9 million, down from $3.4 million in the prior year period .
-   (LBITDA) EBITDA margin was -2.9%, a decrease of 870 basis points from last year’s first quarter .
-   Adjusted EBITDA was $3,032 thousand, compared to $3,402 thousand in the prior year .
-   Net loss margin was -3.1%, down 680 basis points .
-   Adjusted net income margin was 2.7% .
-   Adjusted EBITDA margin was 4.6% .
-   Interest income, net, was $325 thousand, a decrease due to lower cash balances .
-   Income tax benefit was - $329 thousand, or 13.7% of loss before income taxes .
-   The Company’s field unit inventory at the end of 1Q:26 was approximately 2% below 1Q:25 .

#### Cash Flow

-   Cash and cash equivalents stood at $45.8 million at the end of 1Q:26, with no outstanding debt .
-   Net cash provided by operating activities was $9.1 million year-to-date .
-   Free cash flow was $8,555 thousand year-to-date .
-   Capital expenditures were - $496 thousand .
-   Payments of dividends totaled $4.9 million year-to-date . The Board of Directors declared a regular cash quarterly dividend of $0.14 per share, payable on May 14, 2026 .

#### Unique Metrics

-   Merger related costs for the three months ended March 31, 2026, were $5.0 million .

#### Outlook / Guidance

Marine Products Corporation announced a proposed transaction with MasterCraft Boat Holdings, Inc., which is expected to close in the second calendar quarter of 2026, subject to shareholder approval and other closing conditions . The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act expired on April 6, 2026, and shareholders will vote on the transaction on May 12, 2026 . Due to this pending transaction, the Company does not intend to hold a quarterly conference call or webcast .

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