Motorcar Parts of America Inc (MPAA) delivered a solid start to fiscal 2026 with a first-quarter performance that produced record net sales and gross profits. Net sales rose 10.9% year over year to $188.4 million, while gross profit increased 16.3% to $33.9 million, and operating income swung to a positive $20.1 million from a prior-year loss. The company also generated $10 million in cash flow from operations, reduced net bank debt by $7 million to $74.4 million, and completed share repurchases of roughly 198,000 shares for about $2 million. Management highlighted ongoing strengths in nondiscretionary auto parts, notably brake offerings and heavy-duty rotating electrical products, and signaled continued growth in the Mexico market and in its diagnostic business (JBT-1 bench-top tester).