Marine Products Q4 net sales rise on volume and pricing
Overview
Fiberglass boat maker's Q4 net sales rose 35% yr/yr
Net income for Q4 fell 45% yr/yr due to tax impacts
Company ended Q4 with $43.5 mln cash and no debt
Result Drivers
SALES VOLUME AND PRICING - Net sales rose 35% due to a 22% increase in boats sold and a 12% price/mix increase
TAX IMPACT - Net income decreased due to taxes on liquidated company-owned life insurance policies
EXPENSES INCREASE - Selling, general and administrative expenses rose 61%, impacting net income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue |
| $64.57 mln |
|
Q4 EPS |
| $0.07 |
|
Q4 Net Income |
| $2.37 mln |
|
Analyst Coverage
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nPn1j1FPSa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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