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Sep 30, 2024

MPA Q2 2025 Earnings Report

Motorcar Parts of America reported record sales and gross profit with strong cash flow generation.

Key Takeaways

Motorcar Parts of America reported a 5.9 percent increase in net sales, reaching a record $208.2 million for the fiscal second quarter of 2025. Gross profit also reached a record $41.3 million, and the company generated $22.9 million in cash from operating activities while reducing net bank debt by $22.0 million.

Net sales increased 5.9 percent to a record $208.2 million.

Gross profit increased to a record $41.3 million, impacted by certain one-time expenses of $2.7 million for onboarding new business, and $1.3 million of transition expenses.

Cash from operating activities was $22.9 million and net bank debt was reduced by $22.0 million.

Non-cash items totaling $10.6 million impacted results.

Total Revenue
$208M
Previous year: $197M
+5.9%
EPS
$0.31
Previous year: $0.48
-35.4%
Gross Profit
$41.3M
Previous year: $41.1M
+0.3%
Cash and Equivalents
$10.4M
Previous year: $10.3M
+1.2%
Free Cash Flow
$22.3M
Previous year: $14.2M
+57.4%
Total Assets
$986M
Previous year: $1.07B
-7.5%

MPA

MPA

Forward Guidance

The company anticipates continued improvements to gross margins, gross profit and cash flow in the quarters ahead, supported by opportunities to further leverage their leadership position.

Positive Outlook

  • Continued sales volume increases
  • Ordering activity has gained momentum
  • The company’s fundamentals are improving
  • Margin improvement
  • Positive cash flow outlook

Challenges Ahead

  • non-cash items
  • interest rates
  • supply chain disruptions
  • start-up costs
  • transition expenses