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Stock impact report

Motorcar Parts of America Reports Strong Fiscal Second Quarter Results

Motorcar Parts of America, Inc. (MPAA) 
Last motorcar parts of america, inc. earnings: 2/10 08:00 am Check Earnings Report
Company Research Source: Business Wire
- Record Gross Profits with Continued Strong Cash Flow, Debt Reduction and Liquidity - LOS ANGELES--(BUSINESS WIRE)--Motorcar Parts of America, Inc. (Nasdaq: MPAA) today reported results for its fiscal 2026 second quarter -- reflecting record sales and record gross profit for a fiscal second quarter with strong cash flow generation.Key highlights for the quarter:Net sales increased 6.4 percent to $221.5 million.Gross profit increased 3.5 percent to a second quarter record of $42.7 million.Generated $21.9 million of cash from operating activities and reduced net bank debt by $17.7 million to $56.7 million.Repurchased 90,114 shares for $1.4 million at an average price of $15.41.Fiscal 2026 Second Quarter ResultsNet sales for the fiscal 2026 second quarter increased $13.3 million, or 6.4 percent, to $221.5 million from $208.2 million in the prior year. Net sales for the quarter reflect $14.8 million of core revenue in connection with the realignment of inventory at certain customer di Show less Read more
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