Marine Products Corp
NYSE:MPX
Income Statement
Earnings Waterfall
Marine Products Corp
Revenue
|
334.2m
USD
|
Cost of Revenue
|
-258.9m
USD
|
Gross Profit
|
75.3m
USD
|
Operating Expenses
|
-35.4m
USD
|
Operating Income
|
40m
USD
|
Other Expenses
|
-6m
USD
|
Net Income
|
34m
USD
|
Income Statement
Marine Products Corp
Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
172
N/A
|
178
+3%
|
173
-2%
|
171
-1%
|
174
+2%
|
185
+7%
|
195
+5%
|
207
+6%
|
220
+6%
|
226
+3%
|
234
+4%
|
241
+3%
|
249
+3%
|
255
+3%
|
259
+1%
|
267
+3%
|
274
+2%
|
289
+6%
|
302
+4%
|
299
-1%
|
304
+2%
|
306
+1%
|
306
+0%
|
292
-5%
|
268
-8%
|
220
-18%
|
217
-2%
|
240
+11%
|
259
+8%
|
286
+10%
|
293
+2%
|
298
+2%
|
296
-1%
|
325
+10%
|
349
+7%
|
381
+9%
|
423
+11%
|
444
+5%
|
421
-5%
|
384
-9%
|
334
-13%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(140)
|
(144)
|
(141)
|
(138)
|
(140)
|
(148)
|
(155)
|
(163)
|
(174)
|
(178)
|
(185)
|
(191)
|
(196)
|
(200)
|
(202)
|
(208)
|
(212)
|
(224)
|
(234)
|
(232)
|
(237)
|
(238)
|
(238)
|
(227)
|
(210)
|
(174)
|
(170)
|
(186)
|
(199)
|
(219)
|
(226)
|
(230)
|
(228)
|
(248)
|
(264)
|
(287)
|
(319)
|
(334)
|
(317)
|
(293)
|
(259)
|
|
Gross Profit |
32
N/A
|
34
+7%
|
33
-2%
|
33
-1%
|
34
+4%
|
37
+9%
|
40
+8%
|
44
+9%
|
46
+6%
|
48
+3%
|
49
+4%
|
51
+2%
|
53
+4%
|
55
+5%
|
57
+3%
|
59
+4%
|
62
+5%
|
65
+5%
|
68
+4%
|
66
-2%
|
67
+2%
|
68
+1%
|
68
-1%
|
65
-4%
|
59
-10%
|
46
-21%
|
47
+1%
|
54
+15%
|
60
+12%
|
67
+11%
|
67
0%
|
68
+3%
|
68
0%
|
77
+12%
|
86
+12%
|
94
+9%
|
104
+11%
|
110
+5%
|
104
-5%
|
90
-13%
|
75
-17%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(31)
|
(31)
|
(32)
|
(33)
|
(32)
|
(31)
|
(29)
|
(25)
|
(27)
|
(29)
|
(30)
|
(32)
|
(32)
|
(32)
|
(33)
|
(35)
|
(38)
|
(42)
|
(47)
|
(50)
|
(48)
|
(43)
|
(35)
|
|
Selling, General & Administrative |
(21)
|
(21)
|
(21)
|
(21)
|
(21)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(29)
|
(29)
|
(30)
|
(31)
|
(31)
|
(31)
|
(32)
|
(33)
|
(32)
|
(31)
|
(29)
|
(25)
|
(27)
|
(29)
|
(30)
|
(32)
|
(32)
|
(31)
|
(33)
|
(35)
|
(38)
|
(42)
|
(47)
|
(50)
|
(48)
|
(42)
|
(37)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
|
Operating Income |
11
N/A
|
13
+15%
|
12
-2%
|
12
-2%
|
14
+13%
|
16
+17%
|
18
+12%
|
21
+16%
|
22
+6%
|
22
+1%
|
23
+5%
|
23
0%
|
24
+5%
|
26
+8%
|
28
+5%
|
30
+8%
|
32
+7%
|
34
+8%
|
37
+7%
|
35
-4%
|
35
0%
|
36
+1%
|
36
+1%
|
34
-5%
|
30
-11%
|
21
-31%
|
20
-6%
|
24
+24%
|
30
+21%
|
35
+18%
|
35
0%
|
36
+5%
|
36
-2%
|
41
+16%
|
48
+15%
|
52
+9%
|
57
+10%
|
61
+6%
|
56
-7%
|
47
-16%
|
40
-15%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
1
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
2
|
3
|
3
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
2
|
0
|
|
Pre-Tax Income |
11
N/A
|
13
+13%
|
13
-2%
|
13
-2%
|
14
+12%
|
16
+16%
|
18
+12%
|
21
+15%
|
22
+6%
|
23
+2%
|
24
+4%
|
23
-1%
|
25
+5%
|
27
+8%
|
28
+5%
|
30
+8%
|
32
+7%
|
35
+7%
|
37
+7%
|
36
-4%
|
36
-1%
|
36
+1%
|
36
+1%
|
35
-5%
|
31
-12%
|
21
-31%
|
20
-7%
|
25
+24%
|
30
+21%
|
35
+18%
|
35
0%
|
36
+5%
|
36
-2%
|
41
+16%
|
48
+16%
|
52
+9%
|
58
+11%
|
62
+7%
|
61
-2%
|
52
-14%
|
43
-17%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(4)
|
(4)
|
(5)
|
(6)
|
(7)
|
(7)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(13)
|
(13)
|
(13)
|
(10)
|
(8)
|
|
Income from Continuing Operations |
8
|
9
|
9
|
9
|
10
|
11
|
12
|
14
|
15
|
16
|
17
|
17
|
18
|
19
|
20
|
21
|
23
|
26
|
29
|
29
|
28
|
29
|
30
|
28
|
25
|
17
|
16
|
19
|
23
|
27
|
28
|
29
|
28
|
32
|
37
|
40
|
45
|
49
|
48
|
42
|
35
|
|
Net Income (Common) |
8
N/A
|
9
+14%
|
9
-1%
|
9
-1%
|
10
+9%
|
11
+13%
|
12
+11%
|
14
+17%
|
15
+5%
|
15
+3%
|
17
+7%
|
16
-2%
|
18
+9%
|
19
+7%
|
19
+1%
|
19
-2%
|
21
+12%
|
24
+13%
|
26
+11%
|
28
+5%
|
28
0%
|
28
+1%
|
29
+3%
|
28
-4%
|
25
-11%
|
17
-31%
|
16
-8%
|
19
+21%
|
23
+20%
|
27
+18%
|
27
+1%
|
29
+5%
|
28
-4%
|
32
+15%
|
36
+15%
|
40
+9%
|
44
+11%
|
48
+10%
|
47
-2%
|
41
-14%
|
34
-17%
|
|
EPS (Diluted) |
0.21
N/A
|
0.24
+14%
|
0.24
N/A
|
0.24
N/A
|
0.26
+8%
|
0.3
+15%
|
0.33
+10%
|
0.39
+18%
|
0.4
+3%
|
0.41
+2%
|
0.44
+7%
|
0.44
N/A
|
0.52
+18%
|
0.54
+4%
|
0.56
+4%
|
0.55
-2%
|
0.62
+13%
|
0.7
+13%
|
0.78
+11%
|
0.83
+6%
|
0.83
N/A
|
0.85
+2%
|
0.87
+2%
|
0.81
-7%
|
0.74
-9%
|
0.51
-31%
|
0.47
-8%
|
0.57
+21%
|
0.69
+21%
|
0.81
+17%
|
0.82
+1%
|
0.85
+4%
|
0.83
-2%
|
0.95
+14%
|
1.09
+15%
|
1.18
+8%
|
1.32
+12%
|
1.45
+10%
|
1.41
-3%
|
1.21
-14%
|
1.01
-17%
|