Motorcar Parts of America Reports Fiscal First Quarter Results

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[{"type":"text","content":"- Record Sales and Gross Profit with Solid Cash Flow Generation -","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, August 11, 2025--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 first quarter -- reflecting record sales and gross profit for a fiscal first quarter with solid cash flow generation.","length":254,"tagName":"p"},{"type":"text","content":"Key highlights for the quarter:","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased 10.9 percent to a first quarter record of $188.4 million.","length":77,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit increased 16.3 percent to a first quarter record of $33.9 million.","length":79,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Operating income increased to $20.1 million from an operating loss of $6.5 million in the prior year.","length":101,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Generated $10.0 million of cash from operating activities and reduced net bank debt by $7.0 million to $74.4 million.","length":117,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Repurchased 197,796 shares for $2.0 million at an average price of $9.94.","length":73,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":447,"olType":false},{"type":"text","content":"Fiscal 2026 First Quarter Results","length":33,"tagName":"p"},{"type":"text","content":"Net sales for the fiscal 2026 first quarter increased 10.9 percent to a first quarter record of $188.4 million from $169.9 million in the prior year.","length":149,"tagName":"p"},{"type":"text","content":"Gross profit for the quarter increased 16.3 percent to a first quarter record of $33.9 million from $29.2 million a year earlier. Gross margin for the same period was 18.0 percent compared with 17.2 percent a year earlier -- impacted by non-cash expenses of $3.9 million, or 2.1 percent, and cash expenses of $1.4 million, or 0.8 percent, as detailed in Exhibit 2.","length":364,"tagName":"p"},{"type":"text","content":"Operating income for the fiscal 2026 first quarter increased to $20.1 million from an operating loss of $6.5 million in the prior year. Excluding the non-cash foreign exchange impact of lease liabilit...

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