Brief: Motorcar Parts Of America Reports Q4 Loss Per Share Of $0.02

Motorcar Parts of America

14/06/2022 13:28

June 14 (Reuters) - Motorcar Parts of America Inc  MPAA.O :
    * MOTORCAR PARTS OF AMERICA REPORTS 20.3% SALES INCREASE FOR
FISCAL 2022
    * MOTORCAR PARTS OF AMERICA - RESUMES ANNUAL GUIDANCE WITH
TOP-RANGE SALES TARGET REACHING $700 MILLION, A YEAR-OVER-YEAR
INCREASE OF APPROXIMATELY $50 MILLION
    * MOTORCAR PARTS OF AMERICA - BUILT HIGHER THAN NORMAL
OVERALL
INVENTORY LEVELS DURING FISCAL 2022 TO MEET EXPECTED DEMAND &
ADDRESS UNSTABLE SUPPLY CHAIN
    * NET SALES FOR FISCAL 2022 Q4 WERE $163.9 MILLION COMPARED
WITH
$168.1 MILLION IN PRIOR-YEAR PERIOD
    * Q4 LOSS PER SHARE $0.02
    * EXPECTS NET SALES FOR ITS FISCAL YEAR ENDING MARCH 31,
2023 TO
BE BETWEEN $680 MILLION AND $700 MILLION

Source text for Eikon:  ID:nBw4F2tqBa 
Further company coverage:  MPAA.O 

 ((Reuters.Briefs@thomsonreuters.com;))