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EarningsQ1 2027 Earnings Report

Motorcar Parts Of America (MPAA) Q1 2027 Earnings Report

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Previous Report: Q4 2026

MPAA Q1 2027 EPS Results

Actual EPS-$0.34

Consensus EPS$0.20

Beat/MissMissed by -$0.55

One Year Ago EPS$0.13

MPAA Q1 2027 Revenue Results

Actual Revenue$168.02M

Expected Revenue$183.00M

Beat/MissMissed by -$14.98M

YoY Revenue Growth-10.80%

Earnings Announcement Details

QuarterQ1 2027

Date08/10/2026

TimeBefore Open

Conference CallMonday, August 10, 2026

MPAA Upcoming Earnings

Motorcar Parts Of America's next earnings date is estimated for November 11, 2026, based on past reporting schedules.

Q1 2027 Earnings Call Audio

MPAA Q1 2027 Earnings Call

0:00 / 0:00

Q1 2027 Earnings Slide Deck

No slide deck is available for this earnings event.

Q1 2027 Earnings Call Summary

Q1 2027

Earnings Call Date:Aug 10, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presents a cautiously optimistic outlook. Management emphasized strategic growth drivers (Centric brake brand acquisition, heavy duty relocation to Mexico, expanding SKU coverage) and reaffirmed fiscal 2027 guidance with meaningful upside potential (> $100M additional annualized sales and > $900M expected by year‑end). Liquidity and leverage metrics are healthy (cash + availability ~$112M, net bank debt/EBITDA ~1.26x). Near‑term challenges include Q1 timing‑related lower sales, inventory ramp leading to $11.3M operating cash use, FX headwinds (~$3.5M), and the presence of noncash/one‑time items that depressed reported gross margin (16.2% vs 18% prior year). On balance, the strategic initiatives, guidance reaffirmation, low leverage, and sizable upside potential outweigh the transitory execution and timing headwinds.

Company Guidance

Motorcar Parts reaffirmed fiscal 2027 guidance (year ending March 31, 2027) calling for net sales of $780 million to $800 million (up 7.5% to 10.2% year‑over‑year), operating income of $86 million to $91 million (12.3% to 18.8% YoY growth), depreciation & amortization of roughly $9 million, and EBITDA of $95 million to $100 million; guidance assumes new business commitments that are expected to ramp in the second half of the year, excludes certain nonrecurring items (including tariff pass‑through reductions and nonrecurring core revenue), and does not include management’s expectation to add more than $100 million of additional annualized net sales by the end of fiscal 2027 (which would raise annualized net sales to more than $900 million).

Q1 Net Sales and Order Timing

Net sales for fiscal Q1 (ended 06/30/2026) were $168.0 million; management attributes the quarter's sales performance to timing of orders and expects sales momentum to increase as the year progresses.

Adjusted Gross Margin

Reported gross margin was 16.2% versus 18.0% a year ago. Excluding noncash expenses (2.4%) and one‑time items (1.6%), adjusted gross margin was 20.2%, indicating underlying margin strength when unusual items are removed.

Guidance and Upside Potential

Company reaffirmed fiscal 2027 guidance: net sales growth of 7.5%–10.2% (guidance range $780M–$800M). Management also expects to add more than $100M of additional annualized net sales by the end of fiscal 2027 (not included in guidance due to timing uncertainty) and projects annualized net sales to exceed $900M by year‑end.

Profitability and EBITDA Guidance

Operating income is guided to $86M–$91M and EBITDA is expected to be $95M–$100M for the fiscal year; depreciation & amortization projected at approximately $9M.

Strong Liquidity and Low Leverage

Total cash and availability approximately $112.4M as of 06/30/2026. Net bank debt was $99.7M (revolver $118.8M less cash $19.1M). Net bank debt to EBITDA ratio was 1.26x (using EBITDA before noncash and one‑time items of $79.1M), indicating conservative leverage.

Strategic Acquisition — Centric Brake Brands

Announced acquisition of the Centric Parts brake brands, expected to relaunch by fiscal year end. Management notes peak historical Centric gross annualized sales of ~$400M and strong preliminary customer feedback, positioning the company for meaningful brake-category growth.

Operational Initiatives and Global Footprint

Relocation of heavy duty operations from Canada to Mexico near completion to enhance efficiencies and margins. Company highlights opportunities from tariff mitigation, better scrap pricing, vendor financing, and leveraging low‑cost facilities to expand margin accretion.

Product and Market Tailwinds

Favorable industry dynamics: average U.S. light‑vehicle age rose to 13 years (from 12.6 in 2024) and vehicles on road increased to 289M (from 286M), supporting long‑term demand for nondiscretionary aftermarket parts. Aftermarket projected to grow ~5.2% in 2026.

Noncore Business and Strategic Alternatives

EV emulator business (proprietary technology) is being evaluated for strategic alternatives while continuing to secure new OE customer commitments, indicating potential monetization or spin‑off opportunities.

MPAA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 11, 2026	2027 (Q2)	0.39 / -	0.16	―
Aug 10, 2026	2027 (Q1)	0.20 / -0.34	0.13	-361.54% (-0.47)
Jun 08, 2026	2026 (Q4)	0.33 / 0.49	0.28	75.00% (+0.21)
Feb 09, 2026	2026 (Q3)	0.23 / 0.13	0.36	-63.89% (-0.23)
Nov 10, 2025	2026 (Q2)	0.38 / 0.16	0.31	-48.39% (-0.15)
Aug 11, 2025	2026 (Q1)	0.18 / 0.13	-0.33	139.39% (+0.46)
Jun 09, 2025	2025 (Q4)	0.20 / 0.28	0.06	366.67% (+0.22)
Feb 10, 2025	2025 (Q3)	0.43 / 0.36	-0.27	233.33% (+0.63)
Nov 12, 2024	2025 (Q2)	- / 0.31	0.47	-34.04% (-0.16)
Aug 08, 2024	2025 (Q1)	- / -0.33	0.05	-760.00% (-0.38)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed