{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-005394","form_type":"8-K","ticker":"MPAA","cik":"0000918251","company_name":"MOTORCAR PARTS OF AMERICA INC","filed_at":"2023-02-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.568277+00:00","generated_at":"2026-06-19T21:17:07.523990+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Fiscal Q3 net sales $151.8M (-6.2% YoY); EPS $0.05 vs $0.16; revises FY2023 sales to $672-$680M","bullets":["Net sales of $151.8M versus $161.8M prior year; net income $1.0M ($0.05 diluted EPS) versus $3.1M ($0.16).","Gross profit margin fell to 13.8% from 20.1%, impacted by inflation, lower production absorption, and $3.9M non-cash items.","Customer order reductions (~$14M) and new business delays (~$17M) hurt quarter; orders resumed in Q4.","Revised FY2023 sales guidance to $672–$680M; EBITDA $54–$59M; Adjusted EBITDA $75–$80M.","Annualized price increases of $20M and cost-saving initiatives expected to improve margins in FY2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-005394","json":"https://secwatch.observer/filing/0001140361-23-005394.json","markdown":"https://secwatch.observer/filing/0001140361-23-005394.md","text":"https://secwatch.observer/filing/0001140361-23-005394.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918251/000114036123005394/0001140361-23-005394-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918251/000114036123005394/brhc10047588_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T21:17:07.523990+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"19936aafd930c09761b16ffb684d670a13e4343a","claim":"MOTORCAR PARTS OF AMERICA INC updated its fiscal 2023 guidance (lowered).","evidence_excerpt":"MOTORCAR PARTS OF AMERICA REPORTS FISCAL THIRD QUARTER RESULTS - Revises Fiscal 2023 Guidance Despite Strong Fiscal Fourth Quarter Outlook","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918251/000114036123005394/0001140361-23-005394-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}