secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001140361-21-037106
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorcar Parts of America reports record Q2 sales $175.5M; GAAP EPS $0.19 down from $0.78 YoY
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- Record Q2 net sales $175.5M (+13.5% YoY); six-month sales $324.6M (+29.8% YoY).
- Net income $3.7M ($0.19 diluted EPS) vs $15.2M ($0.78) a year ago, impacted by $0.49 non-cash items.
- Six-month net income $4.5M ($0.23 diluted EPS); before impacting items $21.8M vs $15.1M prior year.
- Gross margin 20.5% vs 25.7%; pressured by COVID costs, supply chain, freight, and product relocation expenses.
- Net debt $120.6M at Sep 30 vs $97.6M at Jun 30; operating cash flow -$19.6M in Q2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036121037106/0001140361-21-037106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036121037106/brhc10030462_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-037106

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