Motorcar Parts of America (MPAA) Misses Q3 EPS by 15c
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Motorcar Parts of America Reports Fiscal 2022 Third Quarter Results
February 9, 2022 8:00 AM ESTRecord net sales up 32 percent for the quarter and 31 percent for nine months
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2022 third quarter ended December 31, 2021.
Fiscal Third Quarter Highlights
Record net sales of $161.8 million versus $122.6 million a year earlier, reflecting strong organic growth and favorable industry dynamics. Net income of $3.1 million, or $0.16 per diluted share, compared with $8.5 million, or $0.44 per diluted share a year ago. Net income for the fiscal third quarter of 2022 was impacted by... More