Motorcar Parts of America Reports Q2 Fiscal 2023 Net Sales of $172.5M, Net Loss of $6.5M

MOTORCAR PARTS OF AMERICA INC

2023-Q2 EPS reported -$0.35 revenue$336,528,000

Net sales for Q2 fiscal 2023 were $172.5 million, a 6.6% increase from $161.8 million in prior year (excluding $13.7M core revenue).
Net loss was $6.5 million ($0.34 per share) compared to net income of $3.7 million ($0.19 per share) in prior year.
Results impacted by customer order delays and supply chain disruptions for heavy-duty and diagnostics products.
Reaffirmed fiscal 2023 guidance: net sales between $680 million and $700 million, operating income between $57M and $61M.
Gross profit was $26.5 million (15.4% of sales) vs $36.0 million (20.5%) a year ago, affected by non-cash items and transitory supply chain costs.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MOTORCAR PARTS OF AMERICA INC reported fiscal 2023 second quarter ended September 30, 2022 results: revenue $172.5 million, net income Net loss for the fiscal 2023 second quarter was $6.5 million, or $0.34 per share, EPS $0.34 per share. Guidance reaffirmed.

Period: fiscal 2023 second quarter ended September 30, 2022
Revenue: $172.5 million
Net income: Net loss for the fiscal 2023 second quarter was $6.5 million, or $0.34 per share
EPS: $0.34 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

offset by customers delaying orders and supply chain disruptions for critical components. Fiscal 2023 Second Quarter Results Net sales for the fiscal 2023 second quarter were $172.5 million -- representing a 6.6 percent increase compared with $161.8 million in the prior year, which excludes $13.7 million of core revenue due to a realignment of inventory at customer

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Source: SEC EDGAR

accession 0001140361-22-040606

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