Motorcar Parts of America, Inc.
17.03+0.08 (+0.47%)
Oct 29, 4:00:02 PM EDT · NasdaqGS · MPAA · USD
Key Stats
Market Cap
329.57MP/E (TTM)
212.88Basic EPS (TTM)
0.08Dividend Yield
0%Recent Filings
8-K
Shareholders approve directors, auditors
Motorcar Parts of America held its annual shareholder meeting on September 4, 2025, where all nine director nominees secured election despite opposition to several, including Dr. David Bryan and Barbara Whittaker with over 2.4 million votes against. Shareholders overwhelmingly ratified Ernst & Young LLP as auditors for the fiscal year ending March 31, 2026, with 16.5 million votes in favor. Executive compensation won advisory approval, though 575,000 shares abstained. Strong turnout signals board continuity amid mixed sentiments.
8-K
Record Q1 sales surge
Motorcar Parts of America posted record Q1 fiscal 2026 sales of $188.4 million, up 10.9% from last year, with gross profit climbing 16.3% to $33.9 million and operating income swinging to $20.1 million from a $6.5 million loss. Cash from operations hit $10.0 million, slashing net debt to $74.4 million while repurchasing shares for $2.0 million. Guidance now eyes $800-820 million in sales and $86-91 million operating income, buoyed by tariff passthroughs and supply chain tweaks. Tariffs pose ongoing costs, but North American sourcing under 25% from China mitigates risks.
10-Q
Q1 FY2026 results
Motorcar Parts of America swung to profitability in Q1 FY2026, posting net sales of $188.4M, up 10.9% year-over-year from $169.9M, driven by strong demand for rotating electrical and brake-related products in the Hard Parts segment. Gross profit climbed to $33.9M with margins expanding to 18.0% from 17.2%, thanks to better facility utilization and cost efficiencies, though offset by $1.4M in tariff costs. Operating income flipped to $20.1M from a $6.5M loss, fueled by an $8.3M non-cash foreign exchange gain versus a $11.1M loss last year; diluted EPS improved to $0.15 from -$0.92, reconciling to 19.9M shares with no anti-dilution flagged. Cash from operations hit $10.0M, yielding $9.2M free cash flow (derived) after $0.8M capex, while revolver debt eased to $86.9M with $134.3M available under covenants not tested. Yet inventory swelled to $366.8M amid sales buildup. Competition from low-cost imports pressures pricing.
8-K
Leadership transition announced
Motorcar Parts of America shifted its general counsel Juliet Stone to a new senior vice president role in government affairs and special projects on June 10, 2025, amid rising geopolitical pressures on business. The board appointed veteran attorney Glenn Burlingame, 64, with over 30 years in corporate securities and prior outside counsel ties to the company, as her successor. This internal transition bolsters legal continuity while targeting specialized oversight. Expertise flows in seamlessly.
8-K
Record sales, strong cash flow
Motorcar Parts of America reported fiscal 2025 results on June 9, 2025, with net sales up 5.5% to a record $757.4 million and gross profit rising 16.1% to $153.8 million, driven by strong aftermarket demand. Cash from operations hit $45.5 million, slashing net bank debt to $81.4 million while repurchasing shares for $4.8 million. Tariffs dented Q4 margins by 2.4%, yet the company eyes 3-5.6% sales growth in 2026. Debt lingers as a key pressure.
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