Henry Tippie - Marine Products Presiding Independent Director

MPX Stock  USD 9.98  0.14  1.42%   

Director

Mr. Henry B. Tippie is Presiding Independent Director of the Company. Mr. Tippie brings extensive financial and management experience to our Board of Directors serving as Controller and Chief Financial Officer of Rollins, Inc. from 1953 to 1970. Mr. Tippie has over 67 years of experience including being involved with publicly traded companies during the past 57 years in various positions including founder, CFO, CEO, President, ViceChairman and Chairman of the Board. He is currently Chairman of the Board of Dover Downs Gaming Entertainment, Inc. as well as Dover Motorsports, Inc., and a Director of RPC, Inc. and Rollins, Inc. since 2008.
Age 92
Tenure 16 years
Address 2801 Buford Highway NE, Atlanta, GA, United States, 30329
Phone404 321 7910
Webhttps://www.marineproductscorp.com

Marine Products Management Efficiency

The company has Return on Asset of 0.0694 % which means that on every $100 spent on assets, it made $0.0694 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1363 %, implying that it generated $0.1363 on every 100 dollars invested. Marine Products' management efficiency ratios could be used to measure how well Marine Products manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to 0.12 in 2024. Return On Capital Employed is likely to drop to 0.18 in 2024. At this time, Marine Products' Total Current Assets are fairly stable compared to the past year. Deferred Long Term Asset Charges is likely to rise to about 4.1 M in 2024, whereas Total Assets are likely to drop slightly above 117.6 M in 2024.
Marine Products has 297 K in debt with debt to equity (D/E) ratio of 0.0, which may show that the company is not taking advantage of profits from borrowing. Marine Products has a current ratio of 3.98, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Note however, debt could still be an excellent tool for Marine to invest in growth at high rates of return.

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Marine Products Corporation designs, manufactures, and sells recreational fiberglass powerboats for the sportboat, sport fishing, and jet boat markets worldwide. Marine Products Corporation was founded in 1965 and is based in Atlanta, Georgia. Marine Products operates under Recreational Vehicles classification in the United States and is traded on New York Stock Exchange. It employs 880 people. Marine Products (MPX) is traded on New York Stock Exchange in USA. It is located in 2801 Buford Highway NE, Atlanta, GA, United States, 30329 and employs 690 people. Marine Products is listed under Leisure Products category by Fama And French industry classification.

Management Performance

Marine Products Leadership Team

Elected by the shareholders, the Marine Products' board of directors comprises two types of representatives: Marine Products inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Marine. The board's role is to monitor Marine Products' management team and ensure that shareholders' interests are well served. Marine Products' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Marine Products' outside directors are responsible for providing unbiased perspectives on the board's policies.
Pamela Rollins, Director
Bill Dismuke, Independent Director
Richard Hubbell, CEO and President Director, Member of Executive Committee, CEO of RPC Inc and President of RPC Inc and Director of RPC Inc
James Williams, Independent Director
Harry Cynkus, Independent Director
Michael CPA, VP, CFO
Benjamin Palmer, Chief Financial Officer, Vice President, Corporate Secretary
Ben Palmer, CFO, Principal Accounting Officer, VP, Treasurer, CFO of RPC Inc, VP of RPC Inc and Treasurer of RPC Inc
Susan Bell, Independent Director
James Landers, VP of Corporate Fin.
Timothy Rollins, Director
Michael Schmit, CFO Sec
Sharon Lennon, Manager Communications
Patrick Gunning, Independent Director
Henry Tippie, Presiding Independent Director
R Rollins, Chairman of the Board
Jerry Nix, Lead Independent Director
Gary Rollins, Non-Executive Chairman of the Board

Marine Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Marine Products a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Additional Tools for Marine Stock Analysis

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