Marine Products Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net income in the quarter was $3.8 million, or $0.10 per diluted share, up from a net income of $2 million, or $0.05 per diluted share, in the same period last year. Interest income during the fourth quarter was $95,000 compared to $162,000 in the fourth quarter of last year. Interest income as reported declined due to lower average marketable security balances during the fourth quarter of 2015 compared to the fourth quarter of 2014. Net sales were $49,881,000 against $37,441,000 a year ago. Operating profit was $5,420,000 against $2,537,000 a year ago. Income before income taxes was $5,515,000 against $2,699,000 a year ago. Net sales increased 33.2% due to higher unit sales of the Robalo outboard sport fishing boats and Chaparral Suncoast outboard boats.

For the full year, net sales were $207,061,000 against $171,050,000 a year ago. Operating profit was $20,551,000 against $12,006,000 a year ago. Income before income taxes was $20,971,000 against $12,527,000 a year ago. Net income was $14,306,000 or $0.39 per diluted share against $8,914,000 or $0.24 per diluted share a year ago.