Revenue during the quarter grew 14.75 percent to $57.24 million from $49.88 million in the previous year period. Gross margin for the quarter contracted 97 basis points over the previous year period to 21.32 percent. Total expenses were 90.86 percent of quarterly revenues, up from 89.13 percent for the same period last year. That has resulted in a contraction of 172 basis points in operating margin to 9.14 percent.

Operating income for the quarter was $5.23 million, compared with $5.42 million in the previous year period.

Richard A. Hubbell, Marine Products' president and chief executive officer stated, "Our fourth quarter financial results reflect a continued strong selling season for recreational boating as well as the appeal of a number of our successful models. Sales of our Robalo outboard sport fishing boats continued to be strong across this product's size range, and our largest Chaparral H2O models continue to be popular. We were pleased with the favorable product mix within all of our model lines during the fourth quarter, and we note that our Chaparral sterndrive models recorded a slight increase in unit sales during 2016 in spite of preliminary reports that overall industry retail unit sales of sterndrives continued to decline year over year. Chaparral sterndrives continue to hold the largest market share within its size category, and our other product categories hold significant market share as well."