Sector: Consumer Cyclicals | Industry: Auto, Truck & Motorcycle Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2929 California St TORRANCE CA 90503-3914 |
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 of Sales and Marketing |
Douglas Earl Schooner Chief Manufacturing Officer, Senior Vice President - Operations for Under-the-Car Product Lines | Juliet Stone Vice President, General Counsel, Secretary |
Business Overview |
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts. The Company's 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 non-discretionary automotive aftermarket replacement parts for light-duty applications are primarily sold to automotive retail chain stores and warehouse distributors throughout North America, and to automobile manufacturers for both their aftermarket programs and warranty replacement programs (OES). Its non-discretionary automotive aftermarket replacement parts for heavy-duty truck, industrial, marine, and agricultural applications are also sold through specialty distribution channels through OES, fleet, and auto electric outlets. Its products are sold to automotive retail outlets and the professional repair market. |
Financial Overview |
For the fiscal year ended 31 March 2022, Motorcar Parts of America, Inc. revenues increased 20% to $650.3M. Net income decreased 66% to $7.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Foreign exchange impact of lease liabili decrease of 90% to $1.7M (income), Sales and marketing increase of 27% to $22.8M (expense). |
Employees: | 5,800 as of Mar 31, 2022 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $425.42M as of Jun 30, 2022 |
Annual revenue (TTM): | $650.31M as of Jun 30, 2022 |
EBITDA (TTM): | $42.29M as of Jun 30, 2022 |
Net annual income (TTM): | $7.36M as of Jun 30, 2022 |
Free cash flow (TTM): | -$52.41M as of Jun 30, 2022 |
Net Debt Last Fiscal Year: | $152.23M as of Jun 30, 2022 |
Shares outstanding: | 19,225,269 as of Jul 20, 2022 |
Index Membership: | S&P 600 Small Cap |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |