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Motorcar Parts reports Q3 EPS 5c, consensus 5c
The Fly

Motorcar Parts reports Q3 EPS 5c, consensus 5c

Reports Q3 revenue $151.82M , consensus $ $160.20M.Fiscal third quarter results were sharply impacted by a certain customer reducing orders by approximately $14 million compared with the prior year, despite no market share loss with the customer, and delays with other customer orders for new business of approximately $17 million. Orders have resumed in the current fiscal 2023 fourth quarter and are expected to continue through fiscal 2024, as customers focus on building appropriate inventory levels to meet growing demand for the upcoming spring and summer seasons.

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