Earnings ·
Motorcar Parts of America reported a net loss of $13.4 million ($0.71 per diluted share) for the fiscal first quarter…
MPAAMotorcar Parts of America Inc
Motorcar Parts of America reported a net loss of $13.4 million ($0.71 per diluted share) for the fiscal first quarter ended June 30, 2026, compared to net income of $3.0 million in the prior year period. Net sales declined 10.8% to $168.0 million from $188.4 million due to timing of customer orders and foreign currency fluctuations. The company reaffirmed its full-year fiscal 2027 guidance, targeting net sales between $780 million and $800 million and operating income between $86 million and $91 million. Additionally, the firm renewed its revolving credit facility with PNC Bank, extending maturity to August 2031, and repurchased approximately 129,523 shares for $1.9 million during the quarter. Motorcar Parts of America is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts including alternators, starters, and brake components.