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.

Motorcar Parts of America, Inc. entered into Amendment No. 7 to the employment agreement for Chairman, President, and CEO Selwyn Joffe on June 26, 2026. The amendment extends the agreement term from July 1, 2027, to July 1, 2029. The modification includes scheduled salary increases, raising annual compensation from $828,256 to $902,799 effective June 26, 2026, and subsequently to $984,050 effective April 1, 2027. Motorcar Parts of America, Inc. is an automotive aftermarket parts distributor.

Motorcar Parts of America, Inc. issued a press release announcing its earnings for the fiscal quarter and year ended March 31, 2026. The filing is provided as an exhibit to satisfy theItem 2.02 reporting requirements.