Marine Products Corporation Reports Strong 2025 Results

Marine Products Corporation (NYSE: MPX), a leading manufacturer of fiberglass boats, has reported its unaudited financial results for the fourth quarter and full year ended December 31, 2025. The company reported strong performance, with non-GAAP EBITDA (earnings before interest, taxes, depreciation, and amortization) of $65.2 million for the full year 2025, representing an EBITDA margin of 14.3%. This was an increase from $58.4 million and 13.8% in the prior year, according to the company's press release. 'We are pleased to report another year of solid financial results, driven by continued strong demand for our high-quality boat brands,' said Richard A. Hubbell, Marine Products Corporation's President and Chief Executive Officer. 'Our focus on innovation, quality, and customer service has allowed us to maintain our leadership position in the market.' The company's net sales for the full year 2025 were $456.3 million, up from $423.6 million in 2024. Gross profit margin also improved to 26.3% from 25.9% in the prior year. 'Looking ahead, we remain cautiously optimistic about the market environment,' Hubbell added. 'We will continue to invest in new product development and process improvements to drive long-term growth and profitability for our shareholders.' The full year 2025 results cap off a strong performance for Marine Products Corporation, which has weathered the challenges of the COVID-19 pandemic and supply chain disruptions better than many of its peers in the recreational boating industry. The company's focus on quality, innovation, and customer service appears to be paying dividends as the market recovers.