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Sep 30, 2021
MPA Q2 2022 Earnings Report
Reported strong fiscal second quarter of 2022 with record sales.
Key Takeaways
Motorcar Parts of America reported a 13.5% increase in net sales for the fiscal 2022 second quarter, reaching $175.5 million, but net income decreased to $3.7 million, or $0.19 per diluted share, due to factors including COVID-19 expenses and gross margin impacts.
Net sales for the quarter increased by 13.5 percent.
Net income for the quarter was $3.7 million, or $0.19 per diluted share.
Gross profit for the quarter was $36.0 million.
COVID-19 expenses impacted gross profit and operating expenses by approximately $6.0 million.