Motorcar Parts of America (MPAA) Misses Q1 EPS by 19c

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Motorcar Parts of America Reports Strong Fiscal 2022 First Quarter

August 9, 2021 8:00 AM EDT

-- Record First Quarter Sales to Start New Fiscal Year as Solid Demand For Aftermarket Parts Continues --

LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2022 first quarter ended June 30, 2021 reflecting record sales for a fiscal first quarter.

Net sales for the fiscal 2022 first quarter increased 56.3 percent to $149.0 million from $95.4 million a year ago, and 36.5 percent from the pre-COVID fiscal first quarter two years ago.

Net income for the fiscal 2022 first quarter was... More