Marine Products Corporation Reports Strong Q1 2023 Performance with Net Income of $11.5 Million

Marine Products Corporation,(MPX) a leading manufacturer of recrea tional boats, has released its financial statements for the first quarter ended March 31, 2023. The company has reported robust performance with significant growth in both net income and revenue compared to the same period last year. The company's net income for Q1 2023 reached an impressive $11.5 million, while its revenue surged to $118.9 million.

Strong Net Income of $11.5 Million in Q1 2023

During the first quarter of 2023, Marine Products Corporation achieved a remarkable net income of $11.5 million, showcasing a substantial increase compared to the net income of $7.1 million reported in Q1 2022. This surge in net income reflects the company's effective strategies and strong market position, enabling it to capitalize on increased demand for recreational boats and marine products.

Revenue Reaches $118.9 Million in Q1 2023