Motorcar Parts of America (MPAA) Tops Q1 EPS by 1c
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Motorcar Parts of America Reports Fiscal 2018 First Quarter Results
August 9, 2017 8:01 AM EDTLOS ANGELES, Aug. 09, 2017 (GLOBE NEWSWIRE) -- Motorcar Parts of America, Inc. (NASDAQ: MPAA) today reported record sales for its fiscal 2018 first quarter on a reported and adjusted basis.
Net sales for the fiscal 2018 first quarter increased 11.3 percent to $95.1 million from $85.4 million for the same period a year earlier. The companys sales performance for the fiscal 2018 first quarter reflects continued strength of its rotating electrical business, as well as contributions from its other product lines -- including the companys emerging brake power boosters, which began shipping last August.
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