Every material Form 8-K MOTORCAR PARTS OF AMERICA INC has filed with the SEC since June 08, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Motorcar Parts of America reported fiscal second-quarter net sales of $169.2 million, down from $221.5 million a year earlier, and operating income of $10.0 million, down from $16.4 million. The company cut its fiscal 2027 net sales guidance to $715 million-$740 million from $780 million-$800 million, citing delayed customer orders, which lowers the outlook for shareholders.
Q2 net sales were $169.2 million versus $221.5 million a year earlier; the company attributed the $37.5 million decline mainly to delayed customer orders and lower tariff pass-throughs.
Q2 operating income was $10.0 million versus $16.4 million; the quarter included $11.1 million of IEEPA tariff refunds.
Six-month net loss was $12.1 million, or $0.64 per share, compared with net income of $893,000 a year earlier.
Fiscal 2027 net sales guidance was revised to $715 million-$740 million from $780 million-$800 million; operating income is estimated at $37 million-$44 million.
Motorcar Parts of America reported fiscal 2027 first quarter results for the period ended June 30, 2026, with net sales of $168.0 million, down from $188.4 million a year earlier, and a net loss of $13.4 million, or $0.71 per share, compared with net income of $3.0 million a year earlier. The company reaffirmed its full-year fiscal 2027 guidance, citing timing of customer orders and a delayed Canadian heavy-duty operations relocation as factors in the quarter.
Net sales were $168.0 million versus $188.4 million a year earlier, which the company attributed mainly to the anticipated timing of customer orders.
Net loss was $13.4 million, or $0.71 per share, compared with net income of $3.0 million, or $0.15 per diluted share, a year earlier.
Operating income fell to $3.5 million from $20.1 million, and gross margin was 16.2% compared with 18.0%.
Fiscal 2027 guidance was reaffirmed: net sales of $780 million to $800 million and operating income of $86 million to $91 million, excluding certain non-cash and one-time expenses.
Motorcar Parts of America amended the employment agreement with Chairman, President and CEO Selwyn Joffe on June 26, 2026, extending the term from July 1, 2027 to July 1, 2029. The Board also approved salary increases for Mr. Joffe, which matter to shareholders as a continuing compensation cost and as a signal of leadership continuity.
Term extended from July 1, 2027 to July 1, 2029; all other terms unchanged
Annual salary raised from $828,256 to $902,799, effective June 26, 2026
Further salary increase to $984,050 per annum, effective April 1, 2027
Motorcar Parts of America reported fiscal 2026 fourth-quarter net sales up 9.9% to $212.3 million and net income of $9.7 million, or $0.42 per diluted share, versus a net loss of $722,000 a year earlier. For fiscal 2027 the company expects net sales of $780 million to $800 million, operating income of $86 million to $91 million, and EBITDA of $95 million to $100 million, which would be a meaningful increase in profit against fiscal 2026 operating income of $65.8 million.
Q4 fiscal 2026 net sales rose $19.2 million, or 9.9%, to $212.3 million, including $19.9 million of core revenue tied to inventory realignment at customer distribution centers.
Full-year fiscal 2026 net income was $12.4 million, or $0.62 per diluted share, versus a net loss of $19.5 million a year earlier; operating income was $65.8 million versus $39.9 million.
Fiscal 2027 guidance: net sales of $780 million to $800 million, operating income of $86 million to $91 million, and EBITDA of $95 million to $100 million.
The company repurchased 955,608 shares for $11.4 million in fiscal 2026 and had $22.1 million remaining under its current buyback authorization as of March 31, 2026.
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