Motorcar Parts of America, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 09, 2023 at 07:59 am EST
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Motorcar Parts of America, Inc. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was USD 196.64 million compared to USD 172.54 million a year ago. Net loss was USD 1.96 million compared to USD 6.52 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.34 a year ago.
For the six months, sales was USD 356.34 million compared to USD 336.53 million a year ago. Net loss was USD 3.37 million compared to USD 6.69 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to USD 0.35 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to USD 0.35 a year ago.
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. 
