Marine Products Corp, parent of the Chaparral and Robalo brands, has reported sales of US$71.5m for its second quarter ended June 30. That represents a 9.9% increase over the same period a year ago. The increase in sales was due to a 3.3% increase in unit sales and 5.1% increase in average selling price per boat. Net income was up 27% to US$1.3m.
The company said in a statement that higher unit sales of its Robalo sportfishing boats and Chaparral H2O models, plus a favourable model mix across its model line, prompted the gain in sales.
“At the end of the second quarter of 2017, our order backlog was slightly lower and dealer inventory levels were higher than at this time last year, as we and our dealers prepare for the remainder of the 2017 retail selling season," said Richard Hubbell, president and CEO, in a statement.