Feb. 9 at 1:11 PM
$MPAA
🚨
For the third quarter of fiscal 2026, net income was
$1.8 million (
$0.09 per diluted share), a decrease from the prior year.
Net sales for the quarter were
$167.7 million, down from
$186.2 million in the previous year, attributed primarily to a temporary reduction in orders from a key customer.
For the nine-month period ending December 31, 2025, net income was
$2.7 million (
$0.13 per share), an improvement compared to a net loss in the same period last year.
The company updated its fiscal 2026 sales forecast to a range of
$750 million to
$760 million and expects operating income between
$72 million and
$79 million.
Net bank debt stood at
$70.5 million as of December 31, 2025, with approximately
$146 million in cash and available credit.
Motorcar Parts of America anticipates recovering orders from a key customer and expects improved gross margins in the fiscal fourth quarter.
