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Jun 30, 2021
MPA Q1 2022 Earnings Report
Reported record first quarter sales and increased profitability, despite global supply chain disruptions.
Key Takeaways
Motorcar Parts of America reported a strong fiscal 2022 first quarter with record sales of $149.0 million, a 56.3% increase from the previous year. Net income was $861,000, a significant improvement from the net loss of $3.0 million in the same quarter last year. The company benefited from strong demand for aftermarket parts and the success of its strategic footprint expansion.
Net sales increased by 56.3% to $149.0 million compared to the previous year.
Net income reached $861,000, a significant improvement from the prior year's net loss.
Gross profit increased to $23.6 million, with gross profit as a percentage of net sales at 15.8%.
The company's brake caliper program and presence in the electric vehicle market contributed to solid growth.
Forward Guidance
Company remains focused on sales growth and opportunities to achieve further operating efficiencies, and enhanced profitability.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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