Motorcar Parts Q1 net loss $13.4M; sales down 10.8% YoY, reaffirms FY guidance

MOTORCAR PARTS OF AMERICA INC

Net sales $168.0M vs $188.4M prior year (-10.8%); net loss $13.4M ($0.71/share) vs income $3.0M ($0.15).
Gross margin 16.2% vs 18.0%; hit by non-cash (2.4%) and one-time (1.6%) items plus $3.5M FX impact.
Reaffirms FY2027 net sales $780-800M and operating income $86-91M (excl. non-cash/one-time).
Renewed revolver credit facility with PNC Bank, maturity extended to August 2031; net bank debt $99.7M.
Repurchased 129,523 shares for $1.9M at avg $14.98; $20.1M remaining under authorization.

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