| Address:
|
2170 PIEDMONT ROAD NE
|
| City: |
ATLANTA |
|
State: |
GA |
|
Zip Code: |
30324 |
| Telephone: |
404-321-2140 |
|
Description of Business
|
Primary SIC Code:
3730 |
| (As filed with the SEC)
|
|
|
Marine Products manufactures fiberglass motorized boats distributed and marketed
through its independent dealer network. Marine Products' product offerings
include Chaparral sterndrive and inboard pleasure boats and Robalo outboard
sport fishing boats.
Organization and Overview
Marine Products is a Delaware corporation incorporated on August 31, 2000, in
connection with a spin-off from RPC, Inc. (NYSE: RES) ("RPC"). Effective
February 28, 2001, RPC accomplished the spin-off by contributing 100 percent of
the issued and outstanding stock of Chaparral to Marine Products, a newly formed
wholly owned subsidiary of RPC, and then distributing the common stock of Marine
Products to RPC stockholders.
Marine Products designs, manufactures and sells recreational fiberglass
powerboats in the sportboat, deckboat, cruiser, sport yacht and sport fishing
markets. The Company sells its products to a network of 137 domestic and 55
international independent authorized dealers. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 12/2011 | 0.13 | 0.020 | 38.15 | | 09/2011 | 0.10 | NA | 34.20 | | 06/2011 | 0.09 | NA | 74.67 | | 03/2011 | 0.13 | NA | 61.00 | | 12/2010 | 0.11 | NA | 60.55 | | 09/2010 | 0.01 | NA | 614.00 | | 06/2010 | -0.05 | NA | N/E | | 03/2010 | -0.23 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | 0.94 | Total Liab/Total Assets | 0.16 | | Net Inc/Total Assets | 0.04 | Total Liab/Inv Cap | 0.18 | | Net Inc/Inv Cap | 0.04 | Total Liab/Comm Equity | 4.05 | | Pretax Inc/Net Sales | 0.05 | Interest Coverage Ratio | NA | | Net Inc/Net Sales | 0.04 | Curr Debt/Equity | NA | | Cash Flow/Net Sales | 0.11 | LTD/Equity | NA | | SG&A/NetSales | 0.14 | Total Debt/Equity | NA |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 18.11 | Quick Ratio | 2.51 | | Inventory Turnover | 4.03 | Current Ratio | 4.60 | | Inventory Day Sales | 0.01 | Net Rec/Curr Assets | 0.05 | | Net Sales/Work Cap | 2.67 | Inv/Curr Assets | 0.45 | | Net Sales/PP&E | 8.14 | | |
Income Statement (Millions) |
| |
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Total Revenues(Net Sales)
|
22.25
|
29.10
|
27.15
|
20.81
|
|
Cost of Goods Sold
|
17.62
|
24.19
|
22.69
|
17.22
|
|
Selling & Admin Exps
|
3.14
|
3.69
|
3.86
|
3.18
|
|
Operating Income
|
1.49
|
1.22
|
0.60
|
0.41
|
|
Interest Exp
|
NA
|
NA
|
NA
|
NA
|
|
Pretax Income
|
1.73
|
1.49
|
0.84
|
0.71
|
|
Other Income
|
0.23
|
0.27
|
0.24
|
0.30
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
1.20
|
1.23
|
0.67
|
0.47
|
|
Assets
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Cash & Short Term Investments
|
20.20
|
16.62
|
19.72
|
22.36
|
|
Receivables - Total
|
2.96
|
3.93
|
4.17
|
2.58
|
|
Inventories - Total
|
23.14
|
21.03
|
21.47
|
21.88
|
|
Total Current Assets
|
47.63
|
42.92
|
46.56
|
48.27
|
|
Net Property, Plant & Equipment
|
11.86
|
11.99
|
12.20
|
12.42
|
|
Total Assets
|
112.14
|
106.90
|
106.87
|
102.81
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
16.25
|
12.41
|
14.13
|
10.50
|
|
Debt in Current Liabilities
|
NA
|
NA
|
NA
|
NA
|
|
Total Current Liabilities
|
16.25
|
12.41
|
14.13
|
10.50
|
|
Long-Term Debt
|
NA
|
NA
|
NA
|
NA
|
|
Total Liabilities
|
22.04
|
18.34
|
20.03
|
16.50
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
NA
|
NA
|
NA
|
NA
|
|
Preferred Stock
|
NA
|
NA
|
NA
|
0.00
|
|
Common Stock
|
3.74
|
3.74
|
3.73
|
3.71
|
|
Retained Earnings
|
86.32
|
85.12
|
83.89
|
83.22
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
90.10
|
88.56
|
86.84
|
86.31
|
|
Total Liabilities and Stockholders' Equity
|
112.14
|
106.90
|
106.87
|
102.81
|
Cash Flow Summary (Millions) |
|
Categories
|
9/30/2011
|
6/30/2011
|
3/31/2011
|
12/31/2010
|
|
Net Cash Provided by Operating Activities
|
2.15
|
0.59
|
3.86
|
-1.23
|
|
Net Cash Provided by Investing Activities
|
-0.14
|
-3.23
|
-6.98
|
1.68
|
|
Net Cash Provided by Financing Activities
|
0.00
|
0.05
|
-0.37
|
0.04
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 261.38 | 20.31 | 0.52 | | 12/2007 | 244.27 | 16.42 | 0.43 | | 12/2008 | 175.62 | 7.59 | 0.21 | | 12/2009 | 39.44 | -10.69 | -0.30 | | 12/2010 | 101.01 | 3.85 | 0.11 | | Growth Rates | -21.15 | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 12/31/11 | 44 | 7,781 | 20.82 |
|
Report Date :
2/6/2012
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