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Stock impact report

Motorcar Parts of America Reports Fiscal First Quarter Results

Motorcar Parts of America, Inc. (MPAA) 
Last motorcar parts of america, inc. earnings: 2/10 08:00 am Check Earnings Report
Company Research Source: Business Wire
- Record Sales for a First Quarter; Full-Year Outlook Remains on Track LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2025 first quarter ended June 30, 2024, with a continued favorable full-year outlook supported by a strong competitive industry position and ongoing strategic initiatives to enhance profitability.Key highlights for the fiscal first quarter.Net sales increased 6.4 percent to $169.9 million.Gross profit increased 9.8 percent to $29.2 million.Gross margin increased modestly to 17.2 percent.Operating results impacted by an unfavorable non-cash $11.1 million foreign exchange loss from lease liabilities and forward contracts.Implemented cost-reduction initiatives to provide annualized savings of approximately $7 million.Fiscal 2025 First Quarter ResultsNet sales for the fiscal 2025 first quarter increased 6.4 percent to a first quarter record $169.9 million from $159.7 million in the prior year.Gross prof Show less Read more
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