{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-029426","form_type":"8-K","ticker":"MPAA","cik":"0000918251","company_name":"MOTORCAR PARTS OF AMERICA INC","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.802424+00:00","generated_at":"2026-06-14T02:35:20.176613+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Motorcar Parts posts Q4 net income $1.5M; record sales $194.7M; guides FY24 sales $720-740M","bullets":["Record Q4 sales $194.7M (+18.8% YoY); net income $1.5M ($0.07 EPS) vs year-ago loss $322k.","Fiscal 2023 record sales $683.1M (+5%); net loss $4.2M ($0.22 per share) vs prior income $7.4M.","FY2024 guidance: sales $720M-$740M (5.4-8.3% growth); operating income $60-65M before non-cash items.","Gross margin improved to 18.6% in Q4 from 15.7% a year ago; price increases partially offset inflation.","Interest expense surged $24M to $39.6M for the year, driven by higher rates on customer financing programs."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-029426","json":"https://secwatch.observer/filing/0001140361-23-029426.json","markdown":"https://secwatch.observer/filing/0001140361-23-029426.md","text":"https://secwatch.observer/filing/0001140361-23-029426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/brhc20054255_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:35:20.176613+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":"8867a86c17877a4d9c8bbfc25979b0c61f132301","claim":"MOTORCAR PARTS OF AMERICA INC reported fiscal year ended March 31, 2023 results: revenue $683.1 million, net income $4.2 million, EPS $0.22 per share. Guidance initiated.","evidence_excerpt":"improving margins and cash flow supported by multiple product line offerings,” Joffe said. Twelve-Month Results Net sales for fiscal 2023 increased 5.0 percent to a record $683.1 million from $650.3 million in the prior year. Prior-year net sales were positively impacted by $13.3 million in core revenue due to a realignment of inventory at customer distribution","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended March 31, 2023"},{"label":"Revenue","value":"$683.1 million"},{"label":"Net income","value":"$4.2 million"},{"label":"EPS","value":"$0.22 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fa69cbaf2e7e526b5dd58d69b2d68a395e3cae95","claim":"MOTORCAR PARTS OF AMERICA INC reported fiscal 2023 fourth quarter ended March 31, 2023 results: revenue $194.7 million, net income $1.5 million, EPS $0.07 per diluted share. Guidance initiated.","evidence_excerpt":"rotating electrical and emerging brake-related products. Fiscal 2023 Fourth Quarter Results Net sales for the fiscal 2023 fourth quarter increased 18.8 percent to a record $194.7 million from $163.9 million in the prior year. Fiscal fourth quarter results benefited from increasing product demand for the spring and summer seasons and recently implemented price","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 fourth quarter ended March 31, 2023"},{"label":"Revenue","value":"$194.7 million"},{"label":"Net income","value":"$1.5 million"},{"label":"EPS","value":"$0.07 per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}