Motorcar Parts of America (MPAA) Tops Q2 EPS by 27c, Revenues Beat

Motorcar Parts of America (NASDAQ: MPAA) reported Q2 EPS of $0.68, $0.27 better than the analyst estimate of $0.41. Revenue for the quarter came in at $150.37 million versus the consensus estimate of $142.97 million.

“Our strong profitability and record sales for the quarter underscore the progress we are making in the execution of our strategic growth initiatives. We are on target to complete the majority of our expansion in Mexico and Malaysia by fiscal year end, which should further enhance our financial performance and strengthen our position within the non-discretionary hard parts aftermarket.

“Equally exciting, our emerging diagnostic and testing equipment business, which includes applications for rotating electrical, electric vehicles and aerospace, continues to gain traction,” said Selwyn Joffe, chairman, president and chief executive officer.

For earnings history and earnings-related data on Motorcar Parts of America (MPAA) click here.

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