Financial Data and Key Metrics Changes - Net sales for Q4 2023 increased by 18.8% to a record $194.7 million from $163.9 million in the prior year, driven by increased product demand and price increases [9][76] - Gross profit for Q4 2023 rose by 40.3% to $36.2 million compared to $25.8 million a year earlier, with gross margin as a percentage of net sales improving to 18.6% from 15.7% [9][10] - Net income for Q4 2023 was $1.5 million or $0.07 per diluted share, compared to a net loss of $322,000 or $0.02 per share in the year-ago period [31][56] - Fiscal 2023 total interest expense was approximately 5.8% of net sales, expected to rise to about 7% in fiscal 2024 [32][78] Business Line Data and Key Metrics Changes - The company experienced significant traction in fiscal 2023 with brake-related product lines, on track to exceed the goal of $300 million in annual sales over several years [7] - Operating expenses decreased by $8.6 million to $12.4 million in Q4 2023, reflecting cost-reduction initiatives and a non-cash gain [30] Market Data and Key Metrics Changes - The company is positioned to address both internal combustion engine and electric vehicle markets, with strong demand for aftermarket parts expected to persist [8] - The company is expanding sales in Mexico, capitalizing on increased demand for aftermarket parts [7] Company Strategy and Development Direction - The company expects sales for fiscal 2024 to be between $720 million and $740 million, representing a year-over-year growth of 5.4% to 8.3% [24] - Strategic initiatives include enhancing profitability and cash flow through cost-reduction measures and operational efficiencies [53][84] - The company is focused on maturing existing product lines and leveraging new facilities for greater operating efficiencies [47] Management's Comments on Operating Environment and Future Outlook - Management noted that high-interest rates continue to impact profitability, but progress has been made in addressing these challenges with customers [5] - The outlook for product demand is positive, supported by favorable industry dynamics and an aging vehicle fleet [71][76] - Management expressed confidence in achieving EBITDA improvement in fiscal 2024 as the full benefit of price increases and higher sales volumes are realized [14][85] Other Important Information - The company incurred $7.8 million in higher interest expenses in Q4 2023, primarily due to increased market interest rates [53][78] - The company reported a net loss for fiscal 2023 of $4.2 million, impacted by non-cash and cash items related to supply chain disruptions [56] Q&A Session Summary Question: What product lines are still impacted by supply chain issues? - Management acknowledged that while the supply chain is improving, there are still challenges related to tariffs and shipping delays affecting certain product lines [40][41] Question: Can you discuss the price increases implemented in Q4 and plans for fiscal 2024? - Management indicated that price increases were implemented across the board, with expectations of over $20 million in recognized price increases for fiscal 2024 [44] Question: What changes are anticipated in the company's operations over the next few years? - Management highlighted a focus on maturing existing product lines and leveraging new facilities for operational efficiencies, aiming for significant revenue growth [47][67]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-33861 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) New York 11-2153962 (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q Commission File No. 001-33861 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) New York 11-2153962 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2929 California Street, Torrance, California 90503 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 212-7910 ☑ QUARTERLY REPORT PURS ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-33861 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) New York 11-2153962 (State or other jurisdiction of i ...

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Q4 2022 Earnings Conference Call June 14, 2022 1:00 PM ET Company Participants Gary Maier - VP, Corporate Communications and IR Selwyn Joffe - Chairman, President & CEO David Lee - CFO Conference Call Participants Mike Zabran - Roth Capital William Dezellem - Tieton Capital Management Operator Ladies and gentlemen, thank you for standing by. My name is Brent and I will be your conference operator today. At this time, I would like to welcome everyone to Motorcar ...

Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission File No. 001-33861 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) New York 11-2153962 (State o ...

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Q3 2022 Earnings Conference Call February 9, 2022 1:00 PM ET Company Participants Gary Maier - VP, Corporate Communications and IR Selwyn Joffe - Chairman, President & CEO David Lee - CFO Conference Call Participants Matthew Koranda - ROTH Capital Partners Scott Stember - CL King & Associates Brian Nagel - Oppenheimer William Dezellem - Tieton Capital Management Operator Good morning. My name is David, and I'll be your conference operator today. At this time, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging g ...

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Q2 2022 Earnings Conference Call November 9, 2021 1:00 PM ET Company Participants Gary Maier - Investor Relations Selwyn Joffe - Chairman, President, and Chief Executive Officer David Ashley Lee - Chief Financial Officer Conference Call Participants Sarkis Sherbetchyan - B. Riley Securities Matt Koranda - Roth Capital Scott Stember - CL King Brian Nagel - Oppenheimer Bill Dezellem - Tieton Capital Operator Good day and thank you for standing by. Welcome to Motor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File No. 001-33861 MOTORCAR PARTS OF AMERICA, INC. (Exact name of registrant as specified in its charter) New York 11-2153962 (State or other jurisdiction ...