Q3 a mixed bag for Marine Products Corp

> Subscriber-only, By Craig Ritchie2023-10-25T13:08:00

Third-quarter revenues down 22% while year-to-date revenues remain up 15% in bad news, good news Q3 for US boatbuilder

Softening in global boat markets as a result of inflationary pressures and resulting hikes to consumer lending rates continue to impact US boatbuilders, as Georgia, US-based Marine Products Corp reported a 22% year-over-year sales decrease for the third quarter of 2023 early Wednesday.

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