NASDAQ$MPAA

Motorcar Parts of America Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

MPA's Q1 2021 results reflected industry softness in April with subsequent month-over-month increases in sales, extending into July.

Motorcar Parts of America reported a decrease in net sales for Q1 2021 to $95.4 million compared to $109.1 million in the same period last year. The company experienced a net loss of $3.0 million, or $0.16 per share, compared to a net loss of $6.2 million, or $0.33 per share, in the prior year.

  • Net sales for the fiscal 2021 first quarter were $95.4 million, down from $109.1 million year-over-year.
  • The company reported a net loss of $3.0 million, or $0.16 per share, for the quarter.
  • Cash generated from operating activities was $22.4 million during the three months ended June 30, 2020.
  • Gross profit for the quarter was $13.4 million, compared to $17.6 million in the same period last year.

Headline financials

Total Revenue

$95.4M

Previous: $109M-12.6%
EPS (adj)

$0.04

Previous: $0.09-55.6%
EBITDA

$2.93M

No prior period
Capital Expenditures

-$2.98M

Previous: -$3.98M+25.0%
Free Cash Flow

$19.4M

Previous: -$22.4M+186.8%
Net Income

-$3.01M

Previous: -$6.15M+51.0%
Operating Income

$375K

Previous: -$1.71M+122.0%
Gross Profit

$13.4M

Previous: $17.6M-23.9%
Cash & Equivalents

$27.5M

Previous: $11.2M+145.1%
Total Assets

$760M

Previous: $694M+9.5%
Stock-Based Comp

$1.04M

Previous: $988K+5.6%

Revenue & EPS history

MPA · Revenue · Quarterly

$95.4M

Q1 2021-12.6%vs Q1 2020
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

Despite strong sales activity in June and July, and favorable industry reports indicating that sales of hard parts are gaining momentum, the company believes it is still not prudent to provide annual sales and gross margin guidance for fiscal 2021.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.2%

Avg return

Earnings day

+2.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+34.8%

Q4 2026

Best reaction

-26.4%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+34.8%+42.1%
Q3 2026-17.5%-23.6%-20.5%
Q2 2026-26.4%-24.7%-21.9%
Q1 2026+22.6%+21.8%+29.9%
Q4 2025-0.7%+4.3%-2.0%
Q3 2025+10.6%+61.7%+86.6%
Q2 2025+15.9%+18.8%+41.8%
Q1 2025+0.3%+2.5%-2.7%
Q4 2024-3.5%+7.3%+22.3%
Q3 2024+3.8%-1.5%-11.0%
Q2 2024+4.0%+7.1%+14.6%
Q1 2024-8.2%-6.2%-15.4%
Q4 2023+15.6%+26.8%+56.9%
Q3 2023-10.2%-10.4%-32.5%
Q2 2023-12.9%-23.6%-49.9%
Q1 2023+0.4%+9.6%-1.9%
Q4 2022-6.3%-16.0%-12.6%
Q3 2022+1.3%-0.7%+3.3%
Q2 2022-1.5%-0.8%-1.4%
Q1 2022-1.5%-2.0%-16.0%
Q4 2021+3.6%-4.4%-0.4%
Q3 2021-16.3%-19.8%-7.1%
Q2 2021+22.9%+13.9%+48.6%
Q1 2021-3.3%-1.0%-8.4%
Q4 2020-1.1%-0.3%+7.7%
Q3 2020-15.9%-12.5%-25.8%
Q2 2020+8.0%+2.2%+10.5%
Q1 2020-6.0%-5.5%-14.6%
Q4 2019+11.9%+5.3%-1.1%
Q3 2019-2.6%+7.5%+1.9%
Q2 2019+6.1%+4.0%+4.3%
Q1 2019+9.7%+12.4%+13.8%
Q4 2018-7.1%-4.1%-6.3%
Q3 2018-12.5%+0.3%-11.4%
Q2 2018-2.7%-2.6%-6.6%
Q1 2018+4.9%+5.6%+1.4%
Q4 2017-6.2%-4.4%-1.5%
Q3 2017-0.3%+1.4%+2.0%
Q2 2017+12.9%+11.6%+21.2%
Q1 2017+6.3%+4.9%+0.2%
Q4 2016+10.0%+13.9%-2.2%
Q3 2016+2.9%
Q2 2016+18.4%
Q1 2016+7.8%
Q4 2015+3.7%
Q3 2015-0.7%
Q2 2015+16.9%
Q1 2015+12.4%
Q4 2014+4.7%
Q3 2014+15.2%
Q2 2014+31.9%
Q1 2014+11.1%
Q4 2013+7.0%
Q3 2013-16.2%
Q2 2013+2.9%
Q1 2013+13.5%
Q4 2010-4.5%
Q4 2012-4.5%
Q3 2011-14.7%
Q3 2012-14.7%
Q2 2012+10.3%
Q4 2011-0.5%
Q2 2011-0.5%
Q1 2011-0.5%
Q1 2012-0.5%

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