Welcome to our dedicated page for Motorcar Parts of America news (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts of America stock.
Motorcar Parts of America, Inc. (MPAA) is a prominent manufacturer, remanufacturer, and distributor of automotive aftermarket parts. The company specializes in producing and distributing essential components such as alternators, starters, wheel hub assemblies, and brake master cylinders. These products cater to both imported and domestic passenger vehicles, light trucks, and even heavy-duty applications. Motorcar Parts of America’s extensive range of products is available through automotive retail outlets and the professional repair market across the United States and Canada.
MPAA’s operational infrastructure includes state-of-the-art facilities strategically located in California, Mexico, Malaysia, and China. The company also maintains administrative offices in California, Tennessee, Mexico, Singapore, Malaysia, and Toronto. This global footprint enhances the company’s ability to meet the diverse needs of the automotive aftermarket industry efficiently.
One of the distinguishing features of Motorcar Parts of America is its commitment to sustainability. The company employs a remanufacturing process that is highly efficient, potentially reducing material and energy consumption by up to 91% compared to traditional manufacturing methods. This eco-friendly approach involves reclaiming and reconditioning all non-wearing parts, thereby conserving both energy and raw materials.
Financially, MPAA derives a significant portion of its revenue from the sales of rotating electrical products, supported by a robust market for wheel hub assemblies and brake master cylinders. The company's products are available under its own brands, through private-label services, and as part of warranty replacement programs offered by automobile manufacturers.
Recent achievements include expanding its product lines and enhancing its market presence through strategic partnerships and innovative projects. As a result, Motorcar Parts of America continues to solidify its position as a key player in the automotive aftermarket industry.
Motorcar Parts of America (Nasdaq:MPAA) announced significant progress in its brake-related product offerings, highlighting its strategic growth initiatives. The company has appointed industry veteran Dan Lelchuk as director of business development for brake products. Lelchuk, who has served as president and CEO of Centric Parts, brings extensive experience in brake-related executive roles. Selwyn Joffe, CEO of MPAA, emphasized the company's strong reputation as a supplier of non-discretionary aftermarket parts and its capacity to meet increasing customer demand. Lelchuk expressed enthusiasm about joining the team and praised the state-of-the-art facilities in Mexico.
Motorcar Parts of America (Nasdaq:MPAA) announced its scheduled participation in the 24th Annual Oppenheimer Consumer Growth & E-Commerce Conference. The presentation will occur on June 12, 2024, at 1:30 p.m. Eastern time and will be conducted in a virtual format. During the event, company representatives will engage in a fireside chat. The live audio webcast of the discussion will be accessible through the company's website and will be archived for 30 days.
Motorcar Parts of America (Nasdaq: MPAA) will release its fiscal 2024 fourth quarter and year-end financial results on June 11, 2024. The company has scheduled an investor conference call at 10:00 a.m. Pacific time that day, led by CEO Selwyn Joffe and CFO David Lee, to discuss the results and operations. The call will be accessible via a live audio webcast on the company’s investor relations page or by phone. An archived version of the call will be available on the company’s website, and a telephone playback will be available from 1:00 p.m. Pacific time on June 11 through 8:59 p.m. Pacific time on June 18, 2024.
Motorcar Parts of America (Nasdaq: MPAA) will preside over the Nasdaq Closing Bell ceremony on May 22, 2024, at 4:00 p.m. Eastern time at the Nasdaq MarketSite in New York City. The ceremony celebrates the company's 30-year history on Nasdaq and its leadership in the automotive aftermarket industry. Selwyn Joffe, chairman, president, and CEO, will lead the ceremony, which can be viewed online from 3:45 p.m. Eastern time. Upcoming corporate events include the Jefferies Automotive Conference on May 23, 2024, in New York, a fiscal 2024 year-end conference call the week of June 10, and Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference (virtual) on June 12, 2024.
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