Motorcar Parts of America, Inc. Provides Sales Guidance for the Fiscal Year Ending March 31, 2020
February 10, 2020 at 08:00 am EST
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Motorcar Parts of America, Inc. provided sales guidance for the fiscal year ending March 31, 2020. The company announced that due to the factors impacting the fiscal third quarter, it now believes net sales for its fiscal year ending March 31 should be approximately $534 million, representing 13% growth year-over-year, with sales momentum improving in the current fiscal fourth quarter.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts. Its automotive aftermarket parts include alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment. Its segments include the Hard Parts segment, which includes light duty rotating electric products, wheel hub products, and brake-related products; the Test Solutions and Diagnostic Equipment segment, which includes applications for combustion engine vehicles, test solutions and diagnostic equipment for the pre- and post-production of electric vehicles, and software emulation of power systems applications for the electrification of all forms of transportation; and the Heavy Duty segment, which includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications.
MOTORCAR PARTS OF AMERICA, INC. 
