Motorcar Parts of America

Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, drums and rotors, brake pads and shoes, calipers, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

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Motorcar Parts of America reports record sales and strategic investments

Motorcar Parts of America (MPAA) reported record sales levels for Q4 and fiscal year, with a positive outlook for product demand and gross margin improvement in fiscal 2024. The company announced a strategic convertible note investment to enhance liquidity and capital resources. However, high-interest rates continue to impact profitability, and the company faces ongoing challenges in managing operational and financial aspects of the business. Despite these challenges, there are opportunities for improved financial performance through enhanced gross margins, cash flow, and strategic growth initiatives.

MPAA anticipates margin expansion and strong sales despite fiscal challenges

MPAA's Q2 2023 earnings call reflects a strong recovery and record sales, with a focus on margin expansion and operational efficiencies. Despite challenges in achieving profitability, the company is well-positioned to capitalize on opportunities presented by strong demand for replacement parts and an aging car park.

Motorcar Parts of America faces challenges but anticipates record sales

Motorcar Parts of America (MPAA) faced challenges in Q3 with lower sales impacting production and gross margins, leading to a net loss for the nine-month period.
Despite these challenges, the company's CFO reported Q3 net sales of $151.8 million and gross profit of $21 million, with expectations of improved operating profit in Q4.
MPAA anticipates record sales for Q4 between $183.6 million and $191.6 million, with adjusted EBITDA expected to be between $27.5 million and $32.5 million.
Looking ahead, MPAA is excited about future growth prospects, with plans to participate in investor conferences and the next fiscal year-end call in June.

Motorcar Parts of America reports record sales and growth opportunities

Motorcar Parts of America (MPAA) delivered strong financial performance in Q4 2023, with a focus on margin improvement, cash flow generation, and strategic growth initiatives.
Despite challenges from high interest rates and margin pressures, the company is well-positioned to capitalize on opportunities for revenue growth and operational efficiency.
The commitment to enhancing cash flow, profitability, and addressing industry challenges underscores MPAA's resilience and strategic vision for sustainable growth.

Motorcar Parts of America posts strong Q1 results, eyes growth opportunities

Motorcar Parts of America (MPAA) delivered a robust performance in Q1 2024, focusing on sales recovery, margin expansion, and operational efficiencies. Despite challenges like weather-related slowdowns and supply chain disruptions, the company remains optimistic about growth opportunities and market leadership.

Motorcar Parts of America reports record sales and optimistic outlook

Motorcar Parts of America (MPAA) delivered a strong performance in Q2 2024, with record sales and improved financial metrics, driven by operational efficiencies and strategic focus.
Despite facing challenges in achieving profitability, MPAA's optimistic outlook, strong aftermarket fundamentals, and management's expertise present opportunities for sustained growth.
Investors can look forward to continued growth momentum, as MPAA aims to leverage market share gains, price increases, and operational enhancements for future success.

Motorcar Parts of America reports strong Q3 performance and growth outlook

MPAA's Q3 2024 performance showcased strong operating results, improved gross margins, and a focus on sales growth and profitability.
Despite challenges like higher interest expenses and working capital management, the company remains optimistic about long-term growth opportunities.
Expansion plans in Mexico and Malaysia, along with new product lines, position MPAA for growth and enhanced cash flow generation in the aftermarket parts market.

Motorcar Parts of America reports robust fiscal year '24 performance

Motorcar Parts of America (MPAA) demonstrated resilience and strategic focus in navigating industry challenges, with a strong emphasis on financial discipline and operational efficiency.
The company's performance in fiscal year '24 showcased improvements in key financial metrics, despite headwinds, setting a positive trajectory for future growth and profitability.
MPAA's commitment to margin accretion, growth opportunities, and governance excellence positions it well to capitalize on market opportunities and strengthen its competitive position.

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Motorcar Parts of America, Inc. engages in the manufacture, remanufacture, and distribution of automotive parts. It operates through the following segments: Hard Parts, Test Solutions and Diagnostic Equipment, and Heavy Duty. The Hard Parts segment is composed of light duty rotating electric products such as alternators and starters, wheel hub products, and brake-related products. The Test Solutions and Diagnostic Equipment segment represents bench top testers for alternators and starters, test solutions and diagnostic equipment for the pre- and post-production of electric vehicles, and software emulation of power systems applications for the electrification of all forms of transportation. The Heavy Duty segment deals with non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.

Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q3 2023 Earnings Conference Call February 9, 2023 1:00 PM ET Company Participants Gary Maier - Vice President of Corporate Communications and Investor Relations Selwyn Joffe - Chairman, President and Chief Executive Officer David Lee - Chief Financial Officer Conference Call Participants Matthew Koranda - ROTH Capital Partners Brian Nagel - Oppenheimer & Co. William Dezellem - Tieton Capital Management, LLC Operator Good day. My name is Rob, and I will be your conference operator today.

Motorcar Parts of America, Inc. (MPAA) Q3 2023 Earnings Call Transcript

Motorcar Parts of America braces itself for tailwinds in the auto and parts industry. The industry is currently driving the expansion of the US economy. Before market open on Thursday, February 9, the U.S. auto parts maker released financial results for the third quarter of fiscal 2023, which ended December 30, 2022.

Motorcar Parts of America Prepares For A Recovery

Motorcar Parts (MPAA) delivered earnings and revenue surprises of -61.82% and 5.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Motorcar Parts (MPAA) Lags Q3 Earnings and Revenue Estimates

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2023 third quarter ended December 31, 2022 – reflecting the impact of ordering patterns by two customers, higher interest rates for customer vendor financing programs and lingering supply chain disruptions for critical components. Fiscal 2023 Third Quarter Results Net sales for the fiscal 2023 third quarter were $151.8 million compared with $161.8 million in the prior year.

Motorcar Parts of America Reports Fiscal Third Quarter Results

LOS ANGELES--( BUSINESS WIRE )--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 third quarter on Thursday, February 9, 2023.

Motorcar Parts of America to Report Fiscal 2023 Third Quarter Results; Host Conference Call

Pzena Investment Management

Fintel reports that Pzena Investment Management Llc has filed a 13G/A form with the SEC disclosing ownership of 1,577,618 shares of Motorcar Parts of America, Inc.

Pzena Investment Management Cuts Stake in Motorcar Parts of America

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Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q2 2023 Earnings Conference Call November 9, 2022 1:00 PM ET Company Participants Gary Maier - Vice President of Investor Relations Selwyn Joffe - Chairman, President and Chief Executive Officer David Lee - Chief Financial Officer Conference Call Participants Matthew Koranda - ROTH Capital Partners William Dezellem - Tieton Capital Management Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today.

Motorcar Parts of America, Inc. (MPAA) Q2 2023 Earnings Call Transcript

Motorcar Parts (MPAA) delivered earnings and revenue surprises of -71.43% and 1.69%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Motorcar Parts (MPAA) Q2 Earnings and Revenues Lag Estimates

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2023 second quarter ended September 30, 2022 – reflecting solid demand for aftermarket hard parts, offset by customers delaying orders and supply chain disruptions for critical components.

Motorcar Parts of America Reports Second Quarter Results

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 second quarter on Wednesday, November 9, 2022.

Motorcar Parts of America to Report Fiscal 2023 Second Quarter Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation at Gabelli Funds 46th Annual Automotive Aftermarket Symposium being held in Las Vegas on Tuesday, November 1, 2022 at 9:30 a.m.

Motorcar Parts of America to Present at Gabelli Funds 46th Annual Automotive Aftermarket Symposium

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RYE, N.Y.--(BUSINESS WIRE)--Gabelli Funds, LLC, will host the 46th Annual Auto Symposium at the Waldorf Astoria in Las Vegas beginning on October 31, 2022. This two-day symposium will feature presentations by senior management of leading automotive companies, with a lineup that runs the cradle-to-grave life within the automotive ecosystem. The symposium will have original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies including those expo

Gabelli Funds to Host 46th Annual Auto Symposium October 31st and November 1st

Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q1 2023 Results Conference Call August 9, 2022 1:00 PM ET Company Participants Gary Maier - VP, Corporate Communications and Investor Relations Selwyn Joffe - Chairman, President & Chief Executive Officer David Lee - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Matt Koranda - ROTH Capital Bill Dezellem - Tieton Capital Operator Hello. My name is Chris, and I'll be your conference operator today.

Motorcar Parts of America, Inc. (MPAA) CEO Selwyn Joffe on Q1 2023 Results - Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2023 first quarter ended June 30, 2022 – reflecting strong demand after a modest start, with momentum building in May and June. Fiscal 2023 First Quarter Highlights Net sales reached a fiscal first quarter record of $164.0 million, an increase of $15.0 million, or 10.0 percent year over year. Gross profit was $30.3 million, an increase of $6.7 million, or 28.6 percent year over yea

Motorcar Parts of America Reports Record First Quarter Sales

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2023 first quarter on Tuesday, August 9, 2022. 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 a

Motorcar Parts of America to Report Fiscal 2023 First Quarter Results; Host Conference Call

Investment firm Private Capital (Trades, Portfolio) Management disclosed earlier this week it upped its position in Motorcar Parts of America Inc. ( MPAA , Financial) by 16.27%.

Private Capital Shifts Motorcar Parts of America Stake Into Higher Gear

Motorcar Parts of America, Inc. (NASDAQ:MPAA ) Q4 2022 Earnings Conference Call June 14, 2022 1:00 PM ET Company Participants Gary Maier - VP, Corporate Communications and IR Selwyn Joffe - Chairman, President & CEO David Lee - CFO Conference Call Participants William Dezellem - Tieton Capital Management Operator Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today.

Motorcar Parts of America, Inc. (MPAA) CEO Selwyn Joffe on Q4 2022 Results - Earnings Call Transcript

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fourth quarter and 2022 fiscal year ended March 31, 2022 – reflecting record annual sales with strong demand for non-discretionary aftermarket parts and the completion of a multi-year build-out program for the company's brake-related manufacturing operations. Fiscal 2022 Highlights Net sales reached a record $650.3 million, an increase of $109.5 million, or 20.3 percent year-over-year. Gr

Motorcar Parts of America Reports 20.3 Percent Sales Increase for Fiscal 2022

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LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced the company will issue results for its fiscal 2022 fourth quarter and year end on Tuesday, June 14, 2022. 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 thr

Motorcar Parts of America to Report Fiscal 2022 Fourth Quarter and Year-end Results; Host Conference Call

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq:MPAA) today announced it is scheduled for a fireside chat presentation on Wednesday, June 15, 2022 at 9:45 a.m. Eastern time at the 22nd Annual Oppenheimer Consumer Growth & E-Commerce Conference being held this year in a virtual format. A live audio webcast of the discussion will be available through the link www.motorcarparts.com and archived for a period of 30 days. About Motorcar Parts of America, Inc. Motorcar Parts

Motorcar Parts of America to Present at 22nd Annual Oppenheimer Consumer Conference

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America Inc. (Nasdaq: MPAA) today announced the introduction of a comprehensive line of brake pads and rotors, serving the professional installer market under the company's Quality-Built brand. The launch of these products coincides with multi-year business commitments and opportunities of more than $100 million from various channel partners, primarily across multiple brake-related products, and initial inventory to support the ramp-up. The compan

Motorcar Parts of America Expands Brake-Related Product Offerings with Introduction of Pads and Rotors

LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an automated inverter test system from Taiwan's Automotive Research & Testing Center (ARTC) to support the development of electric vehicles and related technologies. Terms of the contract were not disclosed. The traction inverter is a critical component in an electric vehicle's powertrain system, designed to convert direct cur

Motorcar Parts of America's D&V Electronics Receives Inverter Test System Order From Taiwanese Agency for Development of Electric Vehicles

LOS ANGELES, Calif.--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today announced its wholly owned subsidiary D&V Electronics has received an order for an electric motor emulator from one of China's largest automotive companies, a critical component of a Power Hardware-In-the-Loop (p-HIL) test system to validate the performance and design of drivetrain components. Terms were not disclosed. The p-HIL test system to be utilized by this Chinese automotive customer is compris

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