Marine Products Corp (NYSE: MPX) is a recreational boat manufacturing company that designs and sells fiberglass motorized powerboats under two brands, Chaparral and Robalo. Revenue comes entirely from transactional boat sales to a network of independent authorized dealers, who in turn sell to end consumers. Marine Products was incorporated in Delaware on August 31, 2000, and became an independent public company on February 28, 2001, following a spin-off from RPC, Inc. (NYSE: RES). Manufacturing operations are based in Nashville, Georgia, where Chaparral has operated since 1976. The Chaparral brand, founded in 1965 in Fort Lauderdale, Florida, covers sterndrive and outboard sport boats. The Robalo brand covers outboard sport fishing boats. As of the 10-K filed February 27, 2026, the dealer network consisted of 192 domestic and 84 international independent authorized dealers. The company sells into the pleasure boat and sport fishing boat markets, both of which are discretionary consumer end markets sensitive to consumer confidence and financing conditions.

Revenue model

Transactional sales of fiberglass powerboats to independent authorized dealers. No subscription, licensing, or aftermarket revenue streams are described in the filing excerpts.

Products and services

Chaparral sterndrive and outboard sport boats; Robalo outboard sport fishing boats. Both product lines are fiberglass motorized powerboats.

Customers and end markets

Independent authorized dealers are the direct customers: 192 domestic and 84 international as of the 10-K filed February 27, 2026. End consumers are recreational boaters and sport fishermen in the pleasure boat and sport fishing boat markets.

Value-chain role

Boat manufacturer and brand owner. Sells finished boats to an independent dealer network; does not operate retail locations.

Geographic exposure

Primary manufacturing in Nashville, Georgia. Dealer network spans domestic (192 dealers) and international (84 dealers) markets as of the 10-K filed February 27, 2026.

Source: SEC 10-K, filed 2026-02-27

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