Motorcar Parts: Overview of Third Quarter Financial Results

Motorcar Parts of America Announces Third Quarter Financial Results

Motorcar Parts of America Inc., headquartered in Torrance, California, reported a net profit of $1.8 million for its fiscal third quarter.

The company’s earnings translated to 9 cents per share, while adjusted earnings, which exclude certain one-time items, came in at 12 cents per share.

During this quarter, the manufacturer specializing in remanufactured alternators and starters for vehicles generated $167.7 million in revenue.

Looking ahead, Motorcar Parts of America anticipates its annual revenue will fall between $750 million and $760 million.