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 .