Motorcar Parts posts Q1 net loss $18.1M vs $1.4M loss prior year; sales up 6.4% to record $169.9M

MOTORCAR PARTS OF AMERICA INC

2025-Q1 EPS reported -$0.92 vs consensus $0.20 ▼ miss (-551.0%)

Net loss $18.1M vs $1.4M loss a year ago; non-cash FX loss of $11.1M and $2.9M severance expenses.
Net sales record $169.9M (+6.4% YoY); gross profit $29.2M (+9.8%); gross margin 17.2% (up from 16.6%).
Cost-reduction initiatives expected to provide ~$7M in annualized savings; full-year outlook on track.
Two new directors nominated for election at Sep 5, 2024 annual meeting; board refreshment commitment.

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