NASDAQ$MPAA
Motorcar Parts of America Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a net loss due to customer order delays and supply chain disruptions, despite increased net sales.
Motorcar Parts of America reported an increase in net sales for Q2 2023, but experienced a net loss due to customer order delays and supply chain disruptions. The company reaffirms its fiscal year 2023 guidance, expecting sales to ramp up in the second half of the year. Gross profit margin was impacted by inflationary costs, product mix changes, and supply chain shortages.
- Net sales increased by 6.6 percent compared to the prior year, reaching $172.5 million.
- Net loss was $6.5 million, or $0.34 per share, compared to a net income of $3.7 million, or $0.19 per diluted share, in the prior year.
- Gross profit was $26.5 million, with gross profit as a percentage of net sales at 15.4 percent.
- Fiscal year 2023 net sales are expected to be between $680 million and $700 million.
Headline financials
Revenue & EPS history
MPA · Revenue · Quarterly
$173M
Forward guidance
Motorcar Parts of America reaffirms its fiscal year 2023 guidance, expecting sales to be between $680 million and $700 million. The company anticipates margin improvement from price increases and easing supply chain constraints, with improved cash flow from enhanced profitability.
Tailwinds
- Year-over-year record sales targets between $680 million and $700 million, representing between 4.6 and 7.6 percent year-over-year growth.
- Expected margin improvement from additional price increases.
- Easing supply chain constraints.
- Further operational efficiencies.
- Improved cash flow from enhanced profitability across all product lines.
Headwinds
- Impact on gross margin from order delays due to supply chain challenges.
- Inflationary cost environment.
- Unusual supply chain shortages of critical components for diagnostic and heavy-duty products.
- Higher interest expenses compared with the prior year.
- Customer order delays.
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 Q2 2023
+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
| Quarter | Report date | Reaction (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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