Motorcar Parts Swings to Q1 FY27 Net Loss of $13.4M, Reaffirms Full-Year Guidance

summarizeSummary

Motorcar Parts of America posted a Q1 FY27 net loss of $13.4M on lower sales but reaffirmed its full-year guidance, pointing to new business wins and brake-related momentum to drive a recovery.

check_boxKey Events · Earnings and Guidance · MPAA

• Q1 FY27 Net Loss of $13.4M

  Net sales fell 10.8% to $168.0M, and the company reported a net loss of $13.4M ($0.71/share) vs. net income of $3.0M ($0.15/share) a year ago, impacted by order timing, competitor bankruptcy liquidations, and foreign exchange headwinds.

• Full-Year Guidance Reaffirmed

  Management reiterated FY27 net sales guidance of $780M–$800M and operating income of $86M–$91M, excluding non-cash and one-time items, and expects to add over $100M in annualized net sales by year-end.

• Revolver Extended to 2031

  The company renewed its loan agreement and extended the maturity of its revolving credit facility to August 2031, led by PNC Bank, reflecting lender confidence in its strategic direction.

• Share Repurchases Continue

  During Q1, the company bought back 129,523 shares for $1.9M at an average price of $14.98, leaving $20.1M remaining under its current authorization.

auto_awesomeAnalysis · MPAA · Manufacturing

A 10.8% sales decline and margin compression—stemming from foreign exchange headwinds and transition costs—pushed Motorcar Parts of America to a net loss of $13.4 million in its fiscal first quarter. Despite the weak start, management reaffirmed its full-year outlook for $780–$800 million in sales and $86–$91 million in operating income, pointing to new business commitments and the Centric Parts brake brand relaunch as growth catalysts. The company also extended its revolver maturity to 2031 and continued buying back shares, signaling confidence in its liquidity and long-term trajectory.