Motorcar Parts of America (MPAA) Misses Q3 EPS by 5c, Revenues Miss

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Go back to Motorcar Parts of America (MPAA) Misses Q3 EPS by 5c, Revenues Miss

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