Motorcar Parts of America (MPAA) Q4 Revenues Beat
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Motorcar Parts of America Reports 20.3 Percent Sales Increase for Fiscal 2022
June 14, 2022 8:00 AM EDTCompany Resumes Annual Guidance with Top-Range Sales Target Reaching $700 Million, a year-over-year increase of approximately $50 million
LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fourth quarter and 2022 fiscal year ended March 31, 2022 reflecting record annual sales with strong demand for non-discretionary aftermarket parts and the completion of a multi-year build-out program for the companys brake-related manufacturing operations.
Fiscal 2022 Highlights
Net sales reached a record $650.3 million, an increase of $109.5 million, or 20.3 percent year-over-year. Gross profit was $117.9 million, an increase of $8.4 million,... More