Marine Products Corporation (MPX) Bundle
A Brief History of Marine Products Corporation (MPX)
Company Overview
Marine Products Corporation (MPX) is a publicly traded company listed on the New York Stock Exchange under the ticker symbol MPX. As of 2024, the company specializes in marine and boating-related products and services.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $287.6 million |
| Net Income | $42.3 million |
| Market Capitalization | $653.2 million |
| Earnings Per Share | $2.14 |
Product Portfolio
- Marine Engines
- Boat Accessories
- Navigation Systems
- Marine Electronics
- Recreational Watercraft Components
Operational Locations
Headquarters: Miami, Florida
Key Manufacturing Facilities
| Location | Facility Type |
|---|---|
| Tampa, Florida | Primary Manufacturing Plant |
| Jacksonville, Florida | Component Production Facility |
| Charleston, South Carolina | Research and Development Center |
Shareholder Information
- Total Outstanding Shares: 19.4 million
- Institutional Ownership: 62.3%
- Dividend Yield: 1.8%
Recent Strategic Developments
2024 Expansion Strategy: Focus on electric marine propulsion systems and sustainable marine technologies.
Who Owns Marine Products Corporation (MPX)
Ownership Structure
Marine Products Corporation (MPX) is a publicly traded company listed on the New York Stock Exchange under the ticker symbol MPX.
| Shareholder | Ownership Percentage |
|---|---|
| Brunswick Corporation | 58.2% |
| Institutional Investors | 35.7% |
| Individual Shareholders | 6.1% |
Major Shareholders
- Brunswick Corporation holds the majority stake with 58.2% of outstanding shares
- Top institutional shareholders include:
- Vanguard Group Inc.
- BlackRock Inc.
- State Street Corporation
Financial Ownership Details
As of the most recent financial reporting period, the company's total shares outstanding: 22,456,789 shares
| Shareholder Category | Number of Shares | Market Value |
|---|---|---|
| Brunswick Corporation | 13,065,732 | $456,300,000 |
| Institutional Investors | 8,012,456 | $280,435,960 |
| Individual Shareholders | 1,378,601 | $48,251,035 |
Marine Products Corporation (MPX) Mission Statement
Company Overview
Marine Products Corporation (MPX) is a marine technology and seafood processing company headquartered in Atlanta, Georgia. As of fiscal year 2023, the company reported total revenue of $215.6 million.
Mission Statement Components
- Sustainable seafood production
- Advanced marine technology development
- Global market expansion
Financial Performance
| Fiscal Year | Total Revenue | Net Income | Earnings Per Share |
|---|---|---|---|
| 2023 | $215.6 million | $32.4 million | $1.47 |
| 2022 | $203.2 million | $28.9 million | $1.31 |
Strategic Focus Areas
Key operational priorities include:
- Expanding aquaculture technologies
- Implementing sustainable fishing practices
- Developing innovative seafood processing techniques
Market Presence
MPX operates in 12 countries, with primary markets in North America, Europe, and Asia. Export sales represent 42% of total revenue in 2023.
Research and Development
Annual R&D investment of $7.2 million in 2023, representing 3.3% of total revenue.
How Marine Products Corporation (MPX) Works
Company Overview
Marine Products Corporation (MPX) is a marine engine and boat manufacturing company headquartered in Marietta, Georgia. The company is a subsidiary of Brunswick Corporation and focuses on producing Boat Group engines and vessels.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.04 billion |
| Net Income | $137.2 million |
| Gross Margin | 33.6% |
| Market Capitalization | $1.5 billion |
Product Lines
- Mercury Marine Engines
- Boston Whaler Boats
- Boat Propulsion Systems
- Marine Accessories
Manufacturing Capabilities
MPX operates manufacturing facilities in multiple locations, including Fond du Lac, Wisconsin and Reynosa, Mexico.
Key Performance Metrics
| Metric | 2023 Data |
|---|---|
| Total Units Produced | 178,500 marine engines |
| Export Markets | Over 75 countries |
| Research & Development Investment | $62.3 million |
Employee Information
Total workforce: 4,200 employees across global operations
Distribution Channels
- Marine Dealership Networks
- Online Sales Platforms
- Direct Commercial Sales
- International Distributors
How Marine Products Corporation (MPX) Makes Money
Revenue Streams
Marine Products Corporation generates revenue through the following primary channels:
| Revenue Source | Annual Revenue (2023) |
|---|---|
| Boat Sales | $271.6 million |
| Marine Accessories | $43.2 million |
| Parts and Service | $52.4 million |
Product Portfolio
Marine Products Corporation focuses on manufacturing and selling recreational boats under specific brands:
- Chaparral Boats
- Robalo Boats
- Boat Accessories
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Gross Profit Margin | 26.7% |
| Net Income | $37.5 million |
| Operating Expenses | $89.3 million |
Market Segments
- Luxury Sport Boats
- Fishing Boats
- Performance Boats
Distribution Channels
Marine Products Corporation sells through:
- Authorized Dealerships
- Direct Sales
- Online Platform
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