Motorcar Parts of America Reports Strong Fiscal Second Quarter Results

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[{"type":"text","content":"- Record Gross Profits with Continued Strong Cash Flow, Debt Reduction and Liquidity -","length":86,"tagName":"p","attribs":{}},{"type":"text","content":"LOS ANGELES, November 10, 2025--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 second quarter -- reflecting record sales and record gross profit for a fiscal second quarter with strong cash flow generation.","length":266,"tagName":"p"},{"type":"text","content":"Key highlights for the quarter:","length":31,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales increased 6.4 percent to $221.5 million.","length":50,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Gross profit increased 3.5 percent to a second quarter record of $42.7 million.","length":79,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Generated $21.9 million of cash from operating activities and reduced net bank debt by $17.7 million to $56.7 million.","length":118,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Repurchased 90,114 shares for $1.4 million at an average price of $15.41.","length":73,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":320,"olType":false},{"type":"text","content":"Fiscal 2026 Second Quarter Results","length":34,"tagName":"p"},{"type":"text","content":"Net sales for the fiscal 2026 second quarter increased $13.3 million, or 6.4 percent, to $221.5 million from $208.2 million in the prior year. Net sales for the quarter reflect $14.8 million of core revenue in connection with the realignment of inventory at certain customer distribution centers offset by the timing of purchases by one of our largest customers.","length":362,"tagName":"p"},{"type":"text","content":"Gross profit was a second quarter record of $42.7 million compared with $41.3 million a year earlier. Gross margin for the same period was 19.3 percent compared with 19.8 percent a year earlier -- impacted by non-cash expenses of $3.6 million, or 3.0 percent, and one-time cash expenses of $698,000, or 0.3 percent, as detailed in Exhibit 2.","length":341,"tagName":"p"},{"type":"text","content":"Operating income for the fiscal 2026 second quarter increased 30.8 percent to $16.4 million from $12.5 million in the prior year.","length":129,"tagName":"p"},{"type":"text","content...

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