Covid-19, production adjustments lead to tough Q1 for Marine Products Corp

Chapparal 280 OSX

Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits.

Marine Products Corp, manufacturer of the Chaparral, Robalo and Vortex fibreglass boat brands, released its 2020 first quarter financial results on Wednesday reporting double-digit declines in net sales, gross profits and operating profits. The Atlanta-based builder is listed on the New York Stock Exchange and is the second largest US boat manufacturer in terms of volume, with 2019 total units of …

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