Motorcar Parts of America (MPAA) Q1 2026 Earnings Report

Revenue and profitability highlights:
- Net sales: $188.4 million in QQ1 2026, up 10.9% year over year (record first-quarter sales). Gross profit: $33.9 million, up 16.3% YoY with gross margin of 18.0% (vs. 17.2% YoY). Operating income: $20.1 million, vs. an prior-year operating loss; margin ≈ 10.7% (20.1/188.4).
- EBITDA: $20.7 million; EBITDA margin ≈ 11.0% (≈20.7/188.4). Net income: $3.0 million; net income margin ≈ 1.6%.
- Diluted EPS: $0.15; GAAP EPS: $0.16; weighted-average shares outstanding ≈ 19.37 million.
- Cash flow and balance sheet: Operating cash flow of $10.0 million; net bank debt reduced by $7.0 million to $74.4 million; total liquidity ≈ $147 million (cash plus availability). Shares repurchased: 197,796 shares for $2.0 million at an average price of $9.94.
- Non-cash and tariff effects: Non-cash items reduced gross margin by ~2.1% (≈$3.9 million) and cash expenses reduced gross margin by ~0.8% (≈$1.4 million).
- Guidance: FY2026 revenue guidance increased to $800–$820 million (5.6%–8.3% YoY growth); operating income guidance reaffirmed at $86–$91 million. Depreciation and amortization expected around $11 million.