---
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"
generated_at: "2026-06-14T02:35:20.176613+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Motorcar Parts posts Q4 net income $1.5M; record sales $194.7M; guides FY24 sales $720-740M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-029426
- JSON: https://secwatch.observer/filing/0001140361-23-029426.json
- Plain text: https://secwatch.observer/filing/0001140361-23-029426.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal year ended March 31, 2023
  - Revenue: $683.1 million
  - Net income: $4.2 million
  - EPS: $0.22 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm
- Earnings Releases
  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.
  - Period: fiscal 2023 fourth quarter ended March 31, 2023
  - Revenue: $194.7 million
  - Net income: $1.5 million
  - EPS: $0.07 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.