We're off to a solid start for fiscal 2026. We are encouraged by our first quarter performance, reflecting record net sales and gross profits for our fiscal first quarter.
— Selwyn H. Joffe
03Detailed Report
MPAA
Motorcar Parts of America Inc
Period
Q1 2026
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedJun 21, 2026
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Executive Summary
Motorcar Parts of America Inc (MPAA) delivered a solid start to fiscal 2026 with a first-quarter performance that produced record net sales and gross profits. Net sales rose 10.9% year over year to $188.4 million, while gross profit increased 16.3% to $33.9 million, and operating income swung to a positive $20.1 million from a prior-year loss. The company also generated $10 million in cash flow from operations, reduced net bank debt by $7 million to $74.4 million, and completed share repurchases of roughly 198,000 shares for about $2 million. Management highlighted ongoing strengths in nondiscretionary auto parts, notably brake offerings and heavy-duty rotating electrical products, and signaled continued growth in the Mexico market and in its diagnostic business (JBT-1 bench-top tester).
Key Performance Indicators
Revenue
Decreasing
188.36M
QoQ: 1.18% | YoY: -0.59%
Gross Profit
Decreasing
33.92M
18.01% margin
QoQ: -24.43% | YoY: -4.53%
Operating Income
Increasing
20.07M
QoQ: 14.15% | YoY: 58.81%
Net Income
Increasing
3.04M
QoQ: 32.78% | YoY: 127.35%
EPS
Increasing
0.16
QoQ: 33.33% | YoY: 135.29%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue and profitability highlights:
- Net sales: $188.4 million in QQ1 2026, up 10.9% year over year (record first-quarter sales). Gross profit: $33.9 million, up 16.3% YoY with gross margin of 18.0% (vs. 17.2% YoY). Operating income: $20.1 million, vs. an prior-year operating loss; margin ≈ 10.7% (20.1/188.4).
- EBITDA: $20.7 million; EBITDA margin ≈ 11.0% (≈20.7/188.4). Net income: $3.0 million; net income margin ≈ 1.6%.
- Diluted EPS: $0.15; GAAP EPS: $0.16; weighted-average shares outstanding ≈ 19.37 million.
- Cash flow and balance sheet: Operating cash flow of $10.0 million; net bank debt reduced by $7.0 million to $74.4 million; total liquidity ≈ $147 million (cash plus availability). Shares repurchased: 197,796 shares for $2.0 million at an average price of $9.94.
- Non-cash and tariff effects: Non-cash items reduced gross margin by ~2.1% (≈$3.9 million) and cash expenses reduced gross margin by ~0.8% (≈$1.4 million).
- Guidance: FY2026 revenue guidance increased to $800–$820 million (5.6%–8.3% YoY growth); operating income guidance reaffirmed at $86–$91 million. Depreciation and amortization expected around $11 million.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
188.36M
-0.59%
1.18%
Gross Profit
33.92M
-4.53%
-24.43%
Operating Income
20.07M
58.81%
14.15%
Net Income
3.04M
127.35%
32.78%
EPS
0.16
135.29%
33.33%
Key Financial Ratios
Management Insights Available for Members
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