Marine Products Corporation (MPX) Q1 2024 Earnings Call Transcript

Marine Products Corporation (NYSE:MPX) Q1 2024 Earnings Conference Call April 25, 2024 8:00 AM ET

Company Participants

Mike Schmit - CFO
Ben Palmer - President & CEO

Conference Call Participants

Griffin Bryan - D.A. Davidson

Operator

Good morning, and thank you for joining us for Marine Products Corporation's First Quarter 2024 Financial Earnings Conference Call. Today's call will be hosted by Ben Palmer, President and CEO; and Mike Schmit, Chief Financial Officer. At this time, all participants are in listen-only mode. Following the presentation, we will conduct a question-and-answer session, instructions will be provided at that time for you to queue up for question. I would like to advise everyone that this conference call is being recorded.

I will now turn the call over to Mr. Schmit.

Mike Schmit

Thank you, and good morning. Before we begin, I want to remind you that some of the statements that will be made on this call could be forward-looking in nature and reflect a number of known and unknown risks. Please refer to our press release issued today, along with our 2023 10-K and other public filings that outline those risks, all of which can be found at www.marineproductscorp.com.

In today's earnings release and conference call, we'll be referring to several non-GAAP measures of operating performance and liquidity. We believe these non-GAAP measures allow us to compare performance consistently over various periods. Our press release issued today and our website contain reconciliations of these non-GAAP measures to most directly comparable GAAP measures.

I'll now turn the call over to our President and CEO, Ben Palmer.

Ben Palmer

Thanks, Mike, and thank you all for joining our call. Before we get started, I'd like to take a moment to share some unfortunate and sad news. Our long-time Head of Investor Relations and Vice President of Corporate Services, Jim Landers, passed