Marine Merchandise Company (NYSE:MPX) Q2 2025 Earnings Convention Name July 24, 2025 8:00 AM ET
Firm Members
Ben M. Palmer – President, CEO & Director
Michael L. Schmit – CFO, VP, Treasurer & Company Secretary
Operator
Good morning and thanks for becoming a member of us for Marine Merchandise Company’s Second Quarter 2025 Earnings Convention Name. In the present day’s name can be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Monetary Officer. [Operator Instructions] I wish to advise everybody that this convention name is being recorded. I’ll now flip the decision over to Mr. Schmit.
Michael L. Schmit
Thanks, and good morning. Earlier than we start, I wish to remind you that a few of the statements that can be made on this name may very well be forward-looking in nature and mirror a variety of recognized and unknown dangers. Please consult with our press launch issued at present, together with our 2024 10-Ok and different public filings that define these dangers, all of which could be discovered at www.marineproductscorp.com. In at present’s earnings launch and convention name, we’ll be referring to a number of non-GAAP measures of working efficiency and liquidity. We consider these non-GAAP measures permit us to check efficiency persistently over numerous durations. Our press launch and our web site comprise reconciliations of those non-GAAP measures to essentially the most straight comparable GAAP measures. I will now flip the decision over to our President and CEO, Ben Palmer.
Ben M. Palmer
Thanks, Mike, and thanks for becoming a member of our name this morning. Second quarter gross sales have been down barely in comparison with the prior yr. Nevertheless, the year-over-year declines have moderated as our manufacturing ranges have stabilized. Whereas a lot uncertainty exists within the macro atmosphere with tariffs, rates of interest and the overall financial system, we’ve seen optimistic indicators, together with declining channel stock. We’re cautiously optimistic that the business is working via extra stock and that extra certainty
