earnings
confidence high
sentiment neutral
materiality 0.70
Motorcar Parts of America reports record FY2022 sales $650.3M (+20.3% YoY); guides FY2023 sales $680-700M
MOTORCAR PARTS OF AMERICA INC
- Record net sales $650.3M, up 20.3% year-over-year from $540.8M.
- Net income $7.4M ($0.38 diluted EPS) vs $21.5M ($1.11) prior year, hit by transitory supply chain costs.
- FY2023 guidance: net sales $680-700M, operating income $57-61M before non-cash items.
- Q4 net sales $163.9M vs $168.1M; net loss $332,000 ($0.02 per share).
- Gross margin 18.1% for FY2022, pressured by non-cash items and supply chain disruptions; expects improvement.