Business
Motorcar Parts of America Reports Fiscal Third Quarter Results
LOS ANGELES, February 09, 2026--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 third quarter -- reflecting a large customer ordering reduction in the quarter, primarily due to its closure of stores and consolidation of distribution centers, with sales to this customer now increasing in the current fiscal fourth quarter.
About this update from Motorcar Parts Of America, Inc.
[{"type":"text","content":"- Sales Impacted by Reduced Ordering Activity by a Large Customer, Now Rebounding; Net Sales Up with Cash Generation for Nine-Month Period -","length":140,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, February 09, 2026--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 third quarter -- reflecting a large customer ordering reduction in the quarter, primarily due to its closure of stores and consolidation of distribution centers, with sales to this customer now increasing in the current fiscal fourth quarter.","length":381,"tagName":"p"},{"type":"text","content":"Positive Drivers and Initiatives Include:","length":41,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Significant new business commitments from changing competitive landscape and industry dynamics -- including bankruptcy of a competitor, growth in demand for replacement parts with aging vehicles and increasing miles driven","length":222,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Margin accretion due to strong momentum in the utilization of brake-related capacity","length":84,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Overall margin accretion from continued improvements in operating efficiencies","length":78,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Pursuing strategic alternatives for EV technology","length":49,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":433,"olType":false},{"type":"text","content":"Three-Month Results","length":19,"tagName":"p"},{"type":"text","content":"Net sales for the fiscal 2026 third quarter were $167.7 million compared with $186.2 million in the prior year – reflecting an approximately $17 million sales decrease to one of the company’s large customers as explained previously, with sales to this customer now increasing in the current fiscal fourth quarter.","length":313,"tagName":"p"},{"type":"text","content":"Gross profit for the fiscal 2026 third quarter was $32.9 million compared with $44.9 million a year earlier, impacted by the sales decrease previously discussed. Gross margin for the same period was 19.6 percent compared with 24.1 percent a year earlier, impacted by this large sales decrease. Gross margin on a sequential basis increased to 19.6 per...