Marine Products Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company generated net sales of $57,238,000, a 14.7% increase compared to $49,881,000 in the same period of the prior year. The increase in Net Sales were primarily due to a 13.6% increase in unit sales, as well as an increase in parts and accessories sales, partially offset by a slight decrease in the average selling price per boat. During the quarter the Company generated higher unit sales among Chaparral H2O and Robalo outboard models. Operating profit for the quarter was $5,234,000, a slight decrease compared to $5,420,000 in the fourth quarter of last year. This decrease was due to higher selling, general and administrative expenses during the fourth quarter of 2016 as compared to the prior year, which was attributed to higher warranty expense during the fourth quarter of 2016. Net income for the quarter ended December 31, 2016 was $3,722,000, a decrease of $123,000 or 3.2% compared to net income of $3,845,000 for the fourth quarter of 2015. Diluted earnings per share were $0.10 in both the fourth quarters of 2016 and 2015. Income before income taxes was $5,225,000 against $5,515,000 a year ago. Net sales for the twelve months ended December 31, 2016 were $241,330,000, an increase of 16.6% compared to the prior year. Net income for the twelve months ended December 31, 2016 was $16,745,000 or $0.44 earnings per diluted share, compared to net income of $14,306,000, or $0.39 earnings per diluted share in the prior year. Operating Profit was $23,052,000 against $20,551,000 year ago. Income before income taxes was $23,407,000 against $20,971,000 a year ago.