---
title: "MARINE PRODUCTS CORP 1Q 2026: Revenue $66.53M, EPS ($0.06) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285764351.md"
description: "Marine Products Corp reported a revenue of $66.53M for Q1 2026, a 12.8% increase from the previous year. However, the company faced a net loss of $2.07M and a diluted EPS of ($0.06) due to rising costs outpacing sales growth. The average selling price per boat rose to $97.7K, but dealer demand softened, leading to reduced inventory. The company is focusing on cost reduction and aligning production with demand, alongside a merger agreement with MasterCraft announced on Feb. 5, 2026."
datetime: "2026-05-08T18:51:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285764351.md)
  - [en](https://longbridge.com/en/news/285764351.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285764351.md)
---

# MARINE PRODUCTS CORP 1Q 2026: Revenue $66.53M, EPS ($0.06) — 10-Q Summary

Marine Products Corp reported first-quarter 2026 results with revenue up versus the prior-year quarter but a swing to a net loss and negative EPS as higher costs outpaced sales gains.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$66.53M

$59M

12.8%

Net income²

($2.07M)

$2.21M

(193.6%)

Diluted EPS³

($0.06)

$0.06

(200%)

_¹ Reported as “Net sales”. ² Reported as “Net (loss) income”. ³ Reported as “Diluted earnings per share”._

**Business Highlights**

-   Revenue growth of 12.8% to $66.5M was driven by roughly a 15% price/mix increase despite selling about 1% fewer boats.
-   Average gross selling price per boat increased to $97.7K from $85.1K, reflecting successful price realization after inflation.
-   Cost of goods sold rose faster than sales, increasing to 83.4% of sales due to higher overhead and labor, contributing to the quarterly loss.
-   Dealer demand softened: field inventory was about 2% lower year over year and dealers reduced floor stock amid cautious ordering.
-   Strategic developments include a merger agreement with MasterCraft announced Feb. 5, 2026; management is focusing on cost reduction and aligning production with demand.

Original SEC Filing: MARINE PRODUCTS CORP \[ MPX \] - 10-Q - May. 08, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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