Motorcar Parts of America (MPAA) Reports Q4 Revenues Miss

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Go back to Motorcar Parts of America (MPAA) Reports Q4 Revenues Miss

Motorcar Parts of America Reports Fiscal 2020 Fourth Quarter and Year-End Results

June 15, 2020 8:00 AM EDT

-- Sales up 13.3 Percent for Record Year; Positive Annual Cash Flow Reflecting Strong Second Half --

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2020 fourth quarter and year ended March 31, 2020 -- reflecting generation of cash flow from operations of $18.8 million for the fiscal year and gross margin improvement.

Net sales for the fiscal 2020 fourth quarter increased 16.8 percent to a record $150.7 million from $129.1 million for the same period a year earlier.

Net loss for the... More