Brief: Motorcar Parts Of America Reports Fiscal Q3 Results

Motorcar Parts of America

09/02/2023 14:08

Feb 9 (Reuters) - Motorcar Parts Of America Inc
 MPAA.O :
    * MOTORCAR PARTS OF AMERICA REPORTS FISCAL THIRD QUARTER
RESULTS
    * BRAKE PAD AND ROTOR PRODUCT LINE NET SALES EXPECTED TO
DOUBLE IN
FISCAL 2024
    * NET INCOME FOR FISCAL 2023 Q3 WAS $1.0 MILLION, OR $0.05
PER
DILUTED SHARE
    * Q3 EARNINGS PER SHARE VIEW $0.55, REVENUE VIEW $160.2
MILLION --
REFINITIV IBES DATA
    * NET SALES ARE EXPECTED TO INCREASE BETWEEN 5.5 AND 6.8
PERCENT
IN FISCAL YEAR 2023
    * EXPECTS NET SALES FOR ITS FISCAL YEAR ENDING MARCH 31,
2023 TO
BE BETWEEN $672 MILLION TO $680 MILLION
    * EBITDA IS EXPECTED TO BE BETWEEN $54 MILLION AND $59
MILLION FOR
FISCAL 2023
    * REVISED FY SALES GUIDANCE OF $672 - $680 MILLION
    * FY2023 REVENUE VIEW $680.3 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1BbSnza 
Further company coverage:  MPAA.O 
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