Motorcar Parts of America, Inc. provided earnings guidance for the fiscal year 2023. For the year, the company expects net sales to be between $680 million and $700 million, representing between 4.6% and 7.6% year-over-year growth -- ramping up throughout the year. Excluding $13.3 million of core revenue realized in fiscal year 2022 (which the company does not expect in fiscal 2023), net sales are expected to increase between 6.8% and 9.9% in fiscal year 2023.

Operating income is expected to be between $57 million and $61 million, before the non-cash foreign exchange impact of lease liabilities and forward contracts, the non-cash impact of revaluation of cores on customers' shelves, and supply chain disruptions and costs related to COVID-19.