MOTORCAR PARTS OF AMERICA INC (MPAA) Form 8-K — Nov 9, 2026
Motorcar Parts of America reported fiscal 2027 second-quarter net sales of $169.2 million, down roughly 24% from $221.5 million a year ago, driven by delayed customer orders and lower tariff pass-throughs. Q2 net income was $1.4 million ($0.07 basic EPS, ($0.03) diluted) versus a $2.1 million loss in the prior-year quarter, though results benefited from approximately $11.1 million of one-time IEEPA tariff refunds. The company cut its fiscal 2027 guidance, lowering net sales to $715-$740 million from the prior $780-$800 million range, with operating income estimated at $37-$44 million. Management attributed the reduction to delayed orders for both existing and newly awarded business.
Key figures
- Eps
- $0.07 basic / ($0.03) diluted (Q2)
- Revenue
- 169217000
- Guidance
- Fiscal 2027 net sales revised to $715M-$740M (previously $780M-$800M); operating income estimated at $37M-$44M
- Net Income
- 1358000
- Total Debt
- $126.6M revolver borrowings plus $42.0M related-party convertible notes
- Revenue Yoy
- -23.6% (Q2 net sales $169.2M vs $221.5M prior year)
- Total Assets
- 1033872000
- Cash Position
- 20770000
- Q2 gross margin
- 24.2% vs 19.3% prior year
- Six month net loss
- $12.1M vs $0.9M net income prior year
- Interest expense q2
- $11.3M vs $12.7M prior year
- Q2 operating income
- $10.0M vs $16.4M prior year
- Six month net sales
- $337.2M vs $409.8M prior year
- Buyback availability
- $20.1M
- Ieepa tariff refunds
- $11.1M
- Targeted additional awards
- $25M
- New annualized business awards
- $60M
- Revolver availability plus cash
- $104.8M
AI analysis
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