Roth Capital Remains Bullish Following Motorcar Parts of America (MPAA) FQ4 Beat
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Motorcar Parts of America Reports Fiscal 2015 Fourth Quarter and Year-End Results
June 15, 2015 8:30 AM EDTLOS ANGELES, June 15, 2015 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2015 fourth quarter and year-end ended March 31, 2015 reflecting record sales and adjusted profitability for the year, supported by the ramp up of new business and product-line expansion contributions.
Net sales for the fiscal 2015 fourth quarter increased 9.4 percent to $83.9 million from $76.7 million for the same period a year earlier. On an adjusted basis, net sales climbed 18.5 percent to $90.9 million from $76.7 million in fiscal 2014 -- excluding certain customer allowances related to new business, including core purchases and return... More
