earnings
confidence high
sentiment negative
materiality 0.75
Motorcar Parts Q3 net sales record $161.8M (+32% YoY); EPS drops to $0.16 from $0.44
MOTORCAR PARTS OF AMERICA INC
2022-Q3 EPS reported
$0.39
revenue$486,392,000
- Record net sales of $161.8M, up 32% YoY; net income $3.1M ($0.16 diluted EPS) vs $8.5M ($0.44) prior year.
- EBITDA $11.9M, impacted by $6.4M non-cash and $4.9M supply chain cost pressures; prior year $18.8M.
- Net debt $122.9M at Dec 31, 2021 vs $120.6M at Sep 30, 2021; share buybacks and inventory growth.
- Nine-month net sales record $486.4M (+31% YoY); net income $7.7M ($0.39 diluted) vs $20.6M ($1.07) prior year.
- Company expects freight surcharges and price increases to offset supply chain headwinds in fiscal Q4.