Motorcar Parts of America (MPAA) Tops Q1 EPS by 8c
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Motorcar Parts of America Reports Fiscal 2016 First Quarter Results
August 10, 2015 8:30 AM EDTLOS ANGELES, Aug. 10, 2015 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2016 first quarter reflecting record sales and adjusted profitability for a first quarter, supported by new business and product-line expansion contributions.
Net sales for the fiscal 2016 first quarter increased 36.3 percent to $85.8 million from $63.0 million for the same period a year earlier. On an adjusted basis, net sales climbed 36.6 percent to $86.6 million from $63.4 million in the fiscal 2015 first quarter -- excluding certain customer allowances related to new business. The company's sales performance for the fiscal 2016 quarter... More
