secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001140361-23-029426
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/0001140361-23-029426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036123029426/brhc20054255_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-029426

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