secwatch.observer — SEC 8-K summary
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Issuer:     MOTORCAR PARTS OF AMERICA INC (MPAA)
CIK:        0000918251
Form:       8-K
Filed at:   2024-06-11T23:59:59+00:00
Accession:  0001140361-24-029651
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Motorcar Parts of America posts record FY sales $717.7M, operating income up 26.5%; net loss $49.2M on non-cash items
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- Net sales $717.7M (+5.1% YoY); operating income $46.1M (+26.5% YoY).
- Net loss $49.2M ($2.51/diluted) includes $50.3M non-cash items, a $38M deferred tax asset valuation allowance.
- Q4 net sales $189.5M (down 2.7% YoY); net income $1.3M vs $1.5M.
- Cash from operations $39.2M; net bank debt reduced to $114M from $146.5M.
- FY2025 guidance: sales $746M-$766M, operating income $62M-$67M before non-cash items.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918251/000114036124029651/0001140361-24-029651-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918251/000114036124029651/ef20030769_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-029651

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