Motorcar Parts of America (MPAA) Reports Q3 EPS Of $0.05
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Motorcar Parts of America Reports Fiscal Third Quarter Results
February 9, 2023 8:00 AM ESTRevises Fiscal 2023 Guidance Despite Strong Fiscal Fourth Quarter Outlook
Forward Considerations
Annualized price increases of $20 million commencing in current fourth quarter enhances cash flow and gross margin improvement Approximately $52 million annualized net sales have resumed in the fourth quarter as delayed business and customer order patterns normalize Solid new business wins in hard parts and EV emulation shipping in fiscal 2024 Brake pad and rotor product line net sales expected to double in fiscal 2024 Cost-saving initiatives and sales ramp up to enhance gross... More