| Business Summary | | Marine
Products
Corp.,
through
its
wholly
owned
subsidiary
Chaparral,
designs,
manufactures
and
sells
recreational
fiberglass
powerboats
in
the
sportboat,
deckboat
and
cruiser
markets.
Chaparral
sells
its
three
lines
of
powerboats
to
an
international
network
of
independent
authorized
dealers.
A
variety
of
new
models
are
introduced
each
year;
however,
models
are
generally
in
production
for
several
years
before
being
replaced,
updated
or
discontinued.
Chaparral's
dealer
network
now
includes
approximately
150
domestic
dealers
and
30
international
dealers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Marine
Products
Corporation
designs,
manufactures
and
sells
recreational
fiberglass
powerboats
in
the
sportboat,
deckboat
and
cruiser
markets.
For
the
six
months
ended
6/30/01,
revenues
fell
6%
to
$75.7
million.
Net
income
fell
46%
to
$5.3
million.
Revenues
reflect
a
decrease
in
the
volume
of
boats
sold
due
to
the
Company's
shift
to
larger
boats.
Earnings
also
reflect
the
absence
of
a
$6.8
million
gain
on
the
settlement
of
a
claim. | More
from
Market Guide: Significant
Developments |
| | |
| Position | R. Randall Rollins, 69 | Chairman | Richard Hubbell, 56 | Pres,
CEO, Director | Ben Palmer, 40 | CFO,
VP, Treasurer, Assistant Sec. | James Lane, Jr., 58 | Exec.
VP, Director | Linda Graham, 64 | VP,
Sec., Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|