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Stock impact report

Motorcar Parts of America Reports Results for Fiscal Third Quarter and Nine Months [Yahoo! Finance]

Motorcar Parts of America, Inc. (MPAA) 
Last motorcar parts of america, inc. earnings: 2/10 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
LOS ANGELES, February 09, 2024 BUSINESS WIRE )--Motorcar Parts of America, Inc. ( Nasdaq: MPAA ) today reported results for its fiscal 2024 third quarter and nine-months ended December 31, 2023 -- reflecting a strong increase in net sales, operating income and cash flow from operating activities. Key highlights for the fiscal third quarter. Net sales increased 13.2 percent to $171.9 million. Gross margin improved by 3.7 percentage points. Gross profit increased 43.1 percent to $30.0 million. Operating income increased 170.1 percent to $9.5 million. The company generated cash of approximately $53.6 million. Net sales for the fiscal 2024 third quarter increased 13.2 percent to $171.9 million from $151.8 million in the prior year. Gross profit for the fiscal 2024 third quarter increased 43.1 percent to $30.0 million from $21.0 million a year earlier. Gross margin for the fiscal 2024 third quarter was 17.5 percent compared with 13.8 percent a year earlier. Gross margin fo Show less Read more
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