Motorcar Parts of America (MPAA) Misses Q3 EPS by 5c, Revenues Miss
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Motorcar Parts of America Reports Fiscal 2021 Third Quarter
February 9, 2021 8:00 AM EST-- Strong Profitability Despite Order Delays; Solid Cash Flow of $33.2 Million from Operations and Continued Net Debt Reduction of $27.8 Million --
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2021 third quarter ended December 31, 2020 -- reflecting increased profitability, positive cash flow from operations and continued debt reduction.
Net sales for the fiscal 2021 third quarter were $122.6 million compared with $125.6 million for the same period a year earlier, impacted by continued COVID-19 related challenges.
Net income for the... More
