Formerly MARINE PRODUCTS CORP
Spin-offSpun off from RPCRESNYSE
The two companies
Open either company's hub for its full SEC financials, ratios, ownership, filings, and every other event it's been part of.
- Sector
- Industrials
- Industry
- Ship & Boat Building & Repairing
- Exchange
- NYSE
- State of incorporation
- DE
- Record date
- —
- Distribution date
- —
- Ratio
- 0.6:1
- Parent sector
- Oil & Gas Field Services, NEC
- Form
- 10-12B/A
- Filed
- February 13, 2001
Financials — parent vs spin-off
SEC XBRL · latest year- Revenue
- $1.63B
- Operating income
- $45M
- Net income
- $32M
- Total assets
- $1.47B
- Equity
- $1.10B
- Revenue
- $244M
- Operating income
- $14M
- Net income
- $11M
- Total assets
- $147M
- Equity
- $125M
Latest reported figures from each company's own SEC filings — the parent after the separation and the spin-off as a standalone. Full multi-year history on each company hub.
Spin-off signals
score 4/9 favorable · factors, not advice- Focus-increasingYes — Energy → Industrials
Spin-offs into a different sector than the parent (pure-plays) have historically outperformed diversifying ones.
- Size vs parent (revenue)~15% of parent
Smaller spin-offs draw more forced selling from holders who can't keep them — the classic mispricing edge.
- Leverage (liabilities/assets)15%
A heavy debt load loaded onto the spin-off is a known risk; a clean balance sheet is favorable.
- Return on capital employed11%
EBIT ÷ capital employed — the quality metric the spin-off scorecard research weighs most.
- Operating margin5.7%
Profitability of the standalone business, from its own SEC filings.
- Tax-basis reportNone found
A Form 8937 (basis allocation) accompanies tax-free §355 spin-offs — favorable for taxable holders.
- Insider buying (post-spin)None recorded
Officers/directors buying their own newly independent shares (Form 4) has historically preceded outperformance.
- Activist holder13D on file
An activist with a 5%+ stake (Schedule 13D) is a potential value-unlock catalyst.
- Time since spin-off25.3 years
Studies find the spin-off return premium concentrates in roughly the first one to three years.
Factors the spin-off research literature (Greenblatt; Cusatis-Miles-Woolridge; Desai-Jain) associates with outcomes — computed from this company's own SEC filings, shown as factors, not a recommendation. The premium is debated and not guaranteed. How we compute these ↗
Filings & documents
Every entry traces to SEC EDGAR. The Information Statement is the primary source; the links below open the full filing and each company's complete filing history.
Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.