Motorcar Parts Beats On Q4 Earnings, Doesn't Provide Guidance

  • Motorcar Parts of America Inc MPAA reported fourth-quarter FY21 sales of $168.1 million, up 11.5% year-on-year, beating the analyst consensus of $153.3 million. FY21 sales were $540.8 million, a 1% increase Y/Y.
  • Results were impacted by COVID-19 expenses related to safety, health initiatives, and incrementally higher freight costs, amounting to about $2.8 million on a pre-tax basis.
  • Operating income was $5.47 million, and the operating margin stood at 3.2%.
  • EBITDA of $8.5 million saw a turnaround from a loss of $(2.95) million in the year-ago quarter.
  • Adjusted EPS increased 25.42% Y/Y to $0.74, beating analyst consensus of $0.64.
  • Cash and equivalents amounted to $15.5 million at the end of Q4. The company used $16.4 million in operating cash flow.
  • Guidance: The company declined to provide guidance due to uncertainties arising from the ongoing global pandemic.
  • Price action: MPAA shares are trading higher by 2.88% at $23.97 on last check Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceSmall CapBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!