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Hain Celestial: Fiscal Q1 Earnings Snapshot – WTOP News
- Motorcar Parts of America Inc. reported net income of $1.4 million on Monday for its fiscal second quarter, with revenue reaching $169.2 million.
- Management attributed the results to delayed customer orders and inventory realignment at distribution centers, compounded by reduced tariff pass-throughs compared to the prior-year period.
- The company revised fiscal 2027 net sales guidance to $715 million to $740 million, down from the previous forecast of $780 million to $800 million due to order delays and program timing.
- Motorcar Parts secured $60 million in incremental annualized new business awards and completed relocating heavy-duty manufacturing operations to Mexico to improve production efficiencies.
- Leadership expects second-half improvement supported by new business launches and cost reductions, while identifying South America as a primary growth opportunity for geographic expansion.
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Motorcar Parts of America Q2 Earnings Call Highlights
Motorcar Parts of America (NASDAQ:MPAA) cut its fiscal 2027 sales forecast after delayed customer orders and slower-than-expected new business launches weighed on its second-quarter results. The automotive aftermarket parts supplier now expects annual net sales of $715 million to $740 million, down
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Total News Sources13
Leaning Left3Leaning Right1Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
L 30%
C 60%
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