Motorcar Parts of America Inc (OQ:MPAA)
Business Focus: Auto, Truck & Motorcycle Parts
| Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2929 CALIFORNIA STREET TORRANCE CA 90503 |
| Tel: | 1-310-9725124 |
| Website: | https://www.motorcarparts.com |
| IR: | See website |
| Key People | ||
| Selwyn Joffe Chairman of the Board, President, Chief Executive Officer | David Ashley Lee Chief Financial Officer | Richard K. Mochulsky Senior Vice President - Sales and Marketing |
| Douglas Earl Schooner Chief Manufacturing Officer, Senior Vice President | Kamlesh Shah Chief Accounting Officer | Juliet Stone Vice President, General Counsel, Corporate Secretary |
| Business Overview |
| 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. |
| Financial Overview |
| For the nine months ended 31 December 2023, Motorcar Parts of America Inc revenues increased 8% to $528.2M. Net loss increased from $5.7M to $50.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Interest, Net - Balancing value increase of 65% to $45.2M (expense), General and administrative remaining flat at $42.1M (expense). |
| Employees: | 5,600 as of Mar 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $248.95M as of Dec 31, 2023 |
| Annual revenue (TTM): | $722.93M as of Dec 31, 2023 |
| EBITDA (TTM): | $66.11M as of Dec 31, 2023 |
| Net annual income (TTM): | -$49.12M as of Dec 31, 2023 |
| Free cash flow (TTM): | $47.06M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $137.07M as of Dec 31, 2023 |
| Shares outstanding: | 19,662,380 as of Feb 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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