The boat manufacturer reported quarterly earnings per share of $0.05, matching analyst estimates amid steady demand.
Marine Products reported non-GAAP earnings per share of $0.05 for the quarter, aligning with consensus forecasts. Revenue reached $66.5 million, reflecting stable sales in its core recreational boat segment.
The results compare with $0.06 EPS and $72.1 million revenue in the same period last year. Analysts had expected $0.05 EPS on $65.8 million revenue, according to estimates compiled before the release.
Shares showed little movement in after-hours trading, indicating muted investor reaction to the in-line performance.