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Motorcar Parts - MPAA STOCK NEWS

Welcome to our dedicated page for Motorcar Parts news (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts stock.

Motorcar Parts of America (MPAA) is a leading automotive aftermarket specialist manufacturing and remanufacturing essential components including rotating electrical systems, brake master cylinders, and wheel hub assemblies. This news hub provides investors and industry professionals with centralized access to official updates and market developments.

Track MPAA's financial announcements, product innovations, and sustainability initiatives through verified press releases, earnings reports, and strategic partnership updates. Our curated collection features quarterly financial results, manufacturing expansions, and industry recognition announcements alongside operational developments in remanufacturing processes.

Stay informed about MPAA's position in the competitive automotive parts sector through timely updates on North American distribution networks, OEM warranty programs, and environmental initiatives. Bookmark this page for direct access to primary source materials that impact investment decisions and market analysis.

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Motorcar Parts of America, Inc. (MPAA) will release its fiscal 2024 third-quarter results on February 9, 2024. The chairman, president, and CEO, along with the CFO, will host an investor conference call to discuss the financial results and operations. The call will be open to all interested investors through a live audio web broadcast or by phone. For those unable to listen live, the call will be archived on the company's website, and a telephone playback will be available for a limited time.
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Motorcar Parts of America, Inc. (MPAA) announced the promotion of Jamie Cook to senior vice president of sales and marketing, succeeding Rick Mochulsky who will transition to a new role as senior vice president of business development. Cook, with extensive experience in the automotive aftermarket industry, has been with the company since 2007. The company expressed appreciation for Mochulsky's contributions and looks forward to benefiting from his industry knowledge in his new role. Cook is well-respected by customers and is committed to the company's strategic growth and competitive industry position.
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Motorcar Parts of America, Inc. (MPAA) extends the maturity date of its $238.62 million revolver credit facility with PNC Bank, N.A. to December 2028, providing working capital flexibility, liquidity, and favorable terms. The company also paid down its outstanding $11.25 million term loan. The extension reflects the company's strong position in the automotive aftermarket and reinforces its relationship with PNC and the bank lending syndicate.
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Motorcar Parts of America (MPAA) has launched a vendor supply chain financing program to improve payment terms and cash flow for vendors and the company. The program will be administered by a leading FinTech company and will provide suppliers with early payment options while maintaining non-recourse accounts payable treatment.
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Motorcar Parts of America, Inc. (Nasdaq: MPAA) reported record sales and gross profit in Q2 2024, with a 14.0% increase in net sales to $196.6 million and a net loss improvement to $2.0 million. The company generated $15 million of cash from operating activities and intentionally deferred collecting $15 million of receivables for interest expense savings. The strong demand for automotive parts is expected to drive further operational efficiencies.
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Motorcar Parts of America, Inc. (Nasdaq: MPAA) will release its fiscal 2024 second quarter results on November 9, 2023. Selwyn Joffe and David Lee will host an investor conference call at 10:00 a.m. Pacific time to discuss the company's financial results and operations. The call will be accessible through a live audio webcast or by phone. The call will be archived on the company's website, and a telephone playback will be available until November 16, 2023.
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Motorcar Parts of America, Inc. (MPAA) to present at Gabelli Funds 47th Annual Automotive Aftermarket Symposium in Las Vegas on October 31, 2023.
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Motorcar Parts of America reports Q1 2024 results with net sales of $159.7 million, a net loss of $1.4 million, and gross profit of $26.6 million. The company's full-year outlook remains on track with strong positive cash flow.
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Motorcar Parts

Nasdaq:MPAA

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