MARINE PRODUCTS GROUP, LLC
marineproductscorp.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q1 FY2026 10-Q, filed May 8, 2026. Its latest SEC filing is a 15-12G from May 26, 2026.
10-Q for Q1 FY2026, filed May 8, 2026
The sections below describe the company as of the FY2025 annual report.
What Did They Do?
Manufactures and sells fiberglass recreational powerboats for family recreation and sport fishing through the Chaparral and Robalo brands.
10-K for FY2025, filed Feb 27, 2026Marine Products manufactures fiberglass motorized boats distributed and marketed through its independent dealer network. Marine Products’…View ↗
Marine Products designs, manufactures and sells recreational fiberglass powerboats in the pleasure boat and sport fishing boat markets. The…View ↗
Marine Products distinguishes itself by offering a wide range of products to the family recreational markets through its Chaparral brands…View ↗
How Did They Make Money?
Dealers pay for boats and accessories when the products are delivered and accepted domestically, or delivered to the shipping port internationally. Parts are paid for when shipped or delivered to the carrier; most domestic dealers pay within seven to ten business days after invoicing.
10-K for FY2025, filed Feb 27, 2026MPC’s contract revenues are generated principally from selling: (1) fiberglass motorized boats and accessories and (2) parts to independent…View ↗
Boats and accessories (domestic sales) — upon delivery and acceptance by the dealer. Boats and accessories (international sales) — upon…View ↗
For most domestic customers, MPC manufactures and delivers boats and accessories and parts ahead of payment — i.e., MPC fulfilled its…View ↗
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10-K for FY2025, filed Feb 27, 2026
FY2025 revenue by product or service ↗
$244.4M
-
10-K for FY2025, filed Feb 27, 2026
$244.4M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Boats and accessories
Sold outright
10-K for FY2025, filed Feb 27, 2026 |
98%
FY2022: 99%
|
Boats and accessories, FY2025
$239.4M Sources
|
Sold outright |
|
Parts
Sold outright
|
2.1%
FY2022: 1.3%
|
Parts, FY2025
$5.1M Sources
|
Sold outright |
Who Were Their Customers?
Independent authorized dealers buy the boats, accessories and parts; the company sells through domestic and international dealers rather than directly to consumers. Dealers promote the boats to retail customers.
10-K for FY2025, filed Feb 27, 2026Marine Products designs, manufactures and sells recreational fiberglass powerboats in the pleasure boat and sport fishing boat markets. The…View ↗
Dealer Network. Domestic sales are generated through our independent dealer network of approximately 192 U.S. dealers, of which 56 are…View ↗
Marketing & Promotions/Incentives. As the Company does not sell directly to consumers, it relies on the dealer network to promote the…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025 and turned 6 cents into free cash flow.
10-K for FY2025, filed Feb 27, 2026
$14MView ↗
10-K for FY2025, filed Feb 27, 2026
$11.4MView ↗
10-K for FY2025, filed Feb 27, 2026
$14.9MView ↗
How Were They Changing?
- Net income
-
Sources
10-Q for Q1 FY2026, filed May 8, 2026
−$2.1MView ↗
- ▼ Now a loss
- vs $2.2M in Q1 FY2025
10-Q for Q1 FY2026, filed May 8, 2026
Open tableView ↗
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May 15, 2026
MasterCraft completed its acquisition of Marine Products
Marine Products stockholders received MasterCraft shares and cash, and Marine Products common stock was removed from NYSE listing.
Sources
8-K, filed May 15, 2026
At the effective time of the First Merger (the “First Effective Time”), each share of Marine Products common stock, par value $0.10 per…View ↗
Shrank. Revenue fell 18% in 4 years, from $298M in FY2021 to $244.4M in FY2025, about 5% a year.
Who Did They Compete With?
Competes with Brunswick, Sea Hunt Boats, Malibu Boats, MasterCraft Boat Holdings, and Regal Marine Industries
10-K for FY2025, filed Feb 27, 2026The recreational boat manufacturing market remains highly fragmented, although several large national or regional manufacturers, including…View ↗
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