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09.02.26 - 14:06
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Motorcar Parts of America Reports Fiscal Third Quarter Results (Business Wire)
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- Sales Impacted by Reduced Ordering Activity by a Large Customer, Now Rebounding; Net Sales Up with Cash Generation for Nine-Month Period -LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 third quarter -- reflecting a large customer ordering reduction in the quarter, primarily due to its closure of stores and consolidation of distribution centers, with sales to this customer now increasing in the current fiscal fourth quarter.
Positive Drivers and Initiatives Include:
Significant new business commitments from changing competitive landscape and industry dynamics -- including bankruptcy of a competitor, growth in demand for replacement parts with aging vehicles and increasing miles driven
Margin accretion due to strong momentum in the utilization of brake-related capacity
Overall margin accretion from continued improvements in operating efficiencies
Pursuing strategic alternatives for EV technology
Three-Month Results
Net sales for the ...
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02.02.26 - 14:33
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Motorcar Parts of America to Report Fiscal 2026 Third Quarter Results; Host Conference Call (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2026 third quarter results on Monday, February 9, 2026.
Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations.
The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast, the call will be archived on Motorcar Parts of America's website www.motorcarparts.com. A telephone playback of the conference call will also be available from approximately 1:00 p.m. Pacific time on February 9, 2026 through 8:59 p.m. Pacific time on February 16, 2026 by dialing (800) 770-2...
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08.12.25 - 14:03
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Motorcar Parts of America Announces Share Repurchase Program Increase (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced its board of directors has authorized an increase to $57 million for the company's share purchase program of outstanding common stock from time to time in the open market and in private transactions at prices deemed appropriate by management.
The company's previous share repurchase program was limited to $37 million. Motorcar Parts of America currently has approximately 19.6 million shares outstanding.
“This share repurchase program is consistent with management's commitment to increasing shareholder value -- leveraging the company's financial strength and prominent position within the non-discretionary automotive aftermarket,” said Selwyn Joffe, chairman, president and chief executive officer.
About Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub asse...
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10.11.25 - 14:06
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Motorcar Parts of America Reports Strong Fiscal Second Quarter Results (Business Wire)
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- Record Gross Profits with Continued Strong Cash Flow, Debt Reduction and Liquidity -
LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 second quarter -- reflecting record sales and record gross profit for a fiscal second quarter with strong cash flow generation.
Key highlights for the quarter:
Net sales increased 6.4 percent to $221.5 million.
Gross profit increased 3.5 percent to a second quarter record of $42.7 million.
Generated $21.9 million of cash from operating activities and reduced net bank debt by $17.7 million to $56.7 million.
Repurchased 90,114 shares for $1.4 million at an average price of $15.41.
Fiscal 2026 Second Quarter Results
Net sales for the fiscal 2026 second quarter increased $13.3 million, or 6.4 percent, to $221.5 million from $208.2 million in the prior year. Net sales for the quarter reflect $14.8 million of core revenue in connection with the realignment of inventory at certain customer distribution center...
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11.08.25 - 14:03
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Motorcar Parts of America Reports Fiscal First Quarter Results (Business Wire)
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- Record Sales and Gross Profit with Solid Cash Flow Generation -LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 first quarter -- reflecting record sales and gross profit for a fiscal first quarter with solid cash flow generation.
Key highlights for the quarter:
Net sales increased 10.9 percent to a first quarter record of $188.4 million.
Gross profit increased 16.3 percent to a first quarter record of $33.9 million.
Operating income increased to $20.1 million from an operating loss of $6.5 million in the prior year.
Generated $10.0 million of cash from operating activities and reduced net bank debt by $7.0 million to $74.4 million.
Repurchased 197,796 shares for $2.0 million at an average price of $9.94.
Fiscal 2026 First Quarter Results
Net sales for the fiscal 2026 first quarter increased 10.9 percent to a first quarter record of $188.4 million from $169.9 million in the prior year.
Gross profit for the quarter increased 16.3 perce...
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04.08.25 - 14:06
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Motorcar Parts of America to Report Fiscal 2026 First Quarter Results; Host Conference Call (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue its fiscal 2026 first quarter results on Monday, August 11, 2025.
Selwyn Joffe, chairman, president and chief executive officer, and David Lee, chief financial officer, will host an investor conference call the same day at 10:00 a.m. Pacific time to discuss the company's financial results and operations.
The call will be open to all interested investors either through a live audio Web broadcast via the company's investor relations tab at www.motorcarparts.com or live by calling (888) 440-5584 (domestic) or (646) 960-0457 (international). For those who are not available to listen to the live broadcast, the call will be archived on Motorcar Parts of America's website www.motorcarparts.com. A telephone playback of the conference call will also be available from approximately 1:00 p.m. Pacific time on August 11, 2025 through 8:59 p.m. Pacific time on August 18, 2025 by dialing (800) 770-2030 ...
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30.06.25 - 14:03
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Motorcar Parts of America Added to Russell Index (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it has been added as a member of the broad-market Russell 3000® index, effective today at the open of market, as part of the 2025 Russell indexes reconstitution.
The reconstitution of the Russell U.S. indexes captures the 4,000 largest U.S. stocks as of April 30, ranking them by total market capitalization. It was final after the close of the U.S. equity markets on Friday, June 27. Membership in the Russell 3000® Index means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
“Inclusion in the Russell 3000® Index highlights the company's ongoing commitment to enhancing shareholder value. We look forward to continued success as we further capitalize on our leadership position wi...
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