Net Sales Down in Marine Products’ First Quarter
April 25, 2025
The parent of Chaparral and Robalo reported a decrease of 15% year-over-year to $59 million.
The parent of Chaparral and Robalo reported a decrease of 15% year-over-year to $59 million.
The Chaparral and Robalo parent reported a 36% decline in net sales but cash and equivalents of $54 million and no debt.
The parent of Robalo and Chaparral said it continues to right-size production “to align with dealer demand.”
The Chaparral and Robalo parent attributed the results to an 11% increase in boats sold and a 10% higher selling price per boat.
The company attributed net sales of $95.8 million and gross profit of $23 million to what it called a “favorable model mix.”
Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”
Marine Products Corp. said its 22 percent drop in Q4 revenues came after it aligned production with dealer inventory levels.
Sterndrive sales continue to drop, though outboard models have increased.
The record quarter is a mixed bag: Units sold down 7 percent, price per unit up 10 percent.
The parent of Chaparral and Robalo said it purchased nearly 170,000 shares during the fourth quarter.
The parent of Chaparral and Robalo reported a decrease of 15% year-over-year to $59 million.
The Chaparral and Robalo parent reported a 36% decline in net sales but cash and equivalents of $54 million and no debt.
The parent of Robalo and Chaparral said it continues to right-size production “to align with dealer demand.”
The Chaparral and Robalo parent attributed the results to an 11% increase in boats sold and a 10% higher selling price per boat.
The company attributed net sales of $95.8 million and gross profit of $23 million to what it called a “favorable model mix.”
Marine Products Corp., the parent of Chaparral and Robalo, suspends manufacturing, and BMO Capital Markets moves Brunswick and Malibu stock ratings to “perform.”
Marine Products Corp. said its 22 percent drop in Q4 revenues came after it aligned production with dealer inventory levels.
Sterndrive sales continue to drop, though outboard models have increased.
The record quarter is a mixed bag: Units sold down 7 percent, price per unit up 10 percent.
The parent of Chaparral and Robalo said it purchased nearly 170,000 shares during the fourth quarter.
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