Motorcar Parts of America (MPAA) Tops Q2 EPS by 32c, Revenues Beat

Motorcar Parts of America (NASDAQ: MPAA) reported Q2 EPS of $0.78, $0.32 better than the analyst estimate of $0.46. Revenue for the quarter came in at $154.73 million versus the consensus estimate of $148.67 million.

“Notwithstanding the continued impact of global pandemic challenges, we reported solid results for the quarter and six-month period. The company’s strategic growth initiatives are proceeding as planned – including the launch of our brake caliper production facility, as detailed in a recent announcement – and we are well-positioned in the industry,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

“In today’s COVID environment, the automobile, more than ever, is the preferable mode of transportation for activities such as work, shopping, appointments, and family vacations. As a consequence, maintenance and repair activities are even more essential. The products we provide are critical to the automobile and the demand for our offerings continue to expand,” Joffe added

For earnings history and earnings-related data on Motorcar Parts of America (MPAA) click here.

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