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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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13.06.25 - 14:36
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Motorcar Parts of America Announces Transition of General Counsel to Newly Created Position and Appoints Successor (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced the transition of the company's general counsel Juliet Stone to the newly created position of senior vice president of government affairs and special projects and the appointment of Glenn Burlingame as the company's vice president, general counsel and secretary.
Burlingame, (64), has more than 30 years of experience representing corporate clients. He previously served as a partner in the Corporate and Securities Department at Sichenzia Ross Ference Carmel LLP, based in New York -- primarily focusing on corporate governance, securities law compliance, securities offerings, acquisitions and financings. His career experience includes serving as a partner at Zeicher Ellman & Krause LLP in its Corporate, Commercial and Securities Law group for 12 years. He began his career at Cravath Swaine & Moore LLP as an associate in its Corporate Department. Burlingame received his Juris Doctor degree from New York University Sch...
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09.06.25 - 14:06
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Motorcar Parts of America Reports Fiscal Year Results (Business Wire)
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- Record Sales and Gross Profit with Strong Cash Flow Generation -LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported strong results for its fiscal 2025 fourth quarter, with record net sales and gross profit, and strong cash flow generation for the year ended March 31, 2025.
Key highlights for the fiscal year
Net sales increased 5.5 percent to a record $757.4 million.
Gross profit increased 16.1 percent to a record $153.8 million.
Generated cash from operating activities of $45.5 million and reduced net bank debt by $32.6 million to $81.4 million.
Repurchased 542,134 shares for $4.8 million.
Fiscal 2025 Fourth Quarter Results
Net sales for the fiscal 2025 fourth quarter increased 1.9 percent to $193.1 million from $189.5 million in the prior year.
Gross profit for the fiscal 2025 fourth quarter increased 10.6 percent to a fourth quarter record $38.5 million from $34.8 million a year earlier. Gross margin for the fiscal 2025 fourth quarter was 19.9 percent compared w...
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03.06.25 - 14:03
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Motorcar Parts of America to Report Fiscal 2025 Fourth Quarter and Year-End 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 2025 fourth quarter and year-end results on Monday, June 9, 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 June 9, 2025 through 8:59 p.m. Pacific time on June 16, 2025 by dialing (800) 770...
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10.02.25 - 14:03
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Motorcar Parts of America Reports Record Fiscal Third Quarter Results (Business Wire)
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- Record Sales and Gross Profit with Strong Cash Flow Generation -LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2025 third quarter and nine-month period ended December 31, 2024, with a continued favorable full-year outlook supported by record third quarter sales and gross profit, and the ongoing benefits of strategic initiatives to further enhance profitability.
Key highlights for the fiscal third quarter.
Net sales increased 8.3 percent to a fiscal third quarter record $186.2 million.
Gross profit increased 49.4 percent to a record $44.9 million.
Net income for the quarter was $2.3 million.
Generated cash from operating activities of $34.4 million and reduced net bank debt by $30.3 million.
Repurchased 268,130 shares for $2.1 million.
Non-cash items reduced net income by $5.0 million and gross profit by $3.4 million for the quarter, as detailed in the exhibits.
Fiscal 2025 Third Quarter Results
Net sales for the fiscal 2025 third quarte...
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31.01.25 - 14:06
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Motorcar Parts of America to Report Fiscal 2025 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 2025 third quarter results on Monday, February 10, 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 February 10, 2025 through 8:59 p.m. Pacific time on February 17, 2025 by dialing (800) 770...
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