FX.co ★ Marine Products Corp Profit Retreats In Q4

Marine Products Corp (MPX) recently reported a decrease in earnings for the fourth quarter compared to the same period last year. The company's earnings were $5.422 million, or $0.16 per share, a significant drop compared to last year's fourth quarter of $11.857 million, or $0.35 per share. This quarter's revenue also demonstrated a decline, falling 34.7% to $70.871 million from the previous year's $108.509 million. In general, the earnings for Marine Products Corp for this quarter were: Earnings (Q4): $5.422 million versus the $11.857 million of last year; EPS (Q4): $0.16 compared to $0.35 last year; and Revenue (Q4): $70.871 million as opposed to $108.509 million last year.