Marine Products Corp., parent to the Robalo and Chaparral brands, yesterday announced its second quarter financial results.
Net sales were down 3% year-over-year to $67.7 million. Net income was $4.2 million, down 25% from the year-ago quarter. Earnings before taxes, depreciation and amortization was $5.6 million, down 13%. The company reported operating cash flow of $50.2 million with no debt.
“Tariffs and macro risks remain top of mind, with dealers and retail consumers remaining cautious overall,” CEO Ben M. Palmer said in a statement. “Thus far, supplier cost increases have been manageable, alleviating the concern that the 2026 model year pricing would be up significantly, but risks still persist as tariff policies continue to evolve. The interest rate outlook continues to be cloudy, although there are market expectations for rate cuts later this year.”
The company did not provide financial guidance for the remainder of 2025.
