Business Wire·Nov 9, 2026, 8:00 AM ET

Motorcar Parts of America Reports Fiscal 2027 Second Quarter Results

MPAA

Motorcar Parts of America reported fiscal 2027 Q2 net sales of $169.2 million, a decline from $221.5 million in the prior year quarter due to delayed customer orders & lower tariff pass-throughs.
The company secured approximately $60 million in new annualized customer business awards, with initial shipments beginning & further launches expected before fiscal year end.
Management expects to secure an additional $25 million in new annualized business awards by the end of the current fiscal year.
Revised fiscal 2027 net sales guidance was lowered to a range of $715 million to $740 million from a previous range of $780 million to $800 million.
Fiscal 2027 operating income guidance was set between $37 million & $44 million, impacted by estimated non-cash expenses of $30 million & transition expenses of $5 million.
Net income for the quarter was $1.4 million ($0.07 basic per share), contrasting with a net loss of $2.1 million in the prior year, largely due to $11.1 million in IEEPA tariff refunds & non-cash expenses.
The Centric Parts brand relaunch, heavy-duty program relocation to Mexico, & rotating electrical diagnostic equipment expansion are cited as key long-term growth drivers.
At September 30, 2026, the company held $126.6 million in revolver borrowings, $20.8 million in cash, & $20.1 million available for share repurchases.
Net sales for the six-month period ended September 30, 2026, were $337.2 million, reflecting a $57.8 million decline from the prior year primarily due to delayed orders.
Six-month net loss was $12.1 million ($0.64 per share), driven by $10.6 million in non-cash expenses & offset partially by $4.6 million in one-time cash items.