Motorcar Parts of America, Inc. Provides Earnings Guidance for Fiscal Year 2024
November 09, 2023 at 01:00 pm EST
Share
Motorcar Parts of America, Inc. provided earnings guidance for fiscal year 2024. For the period, Company expects sales to be between $720 million and $740 million, representing between 5.4% and 8.3% year-over-year growth, respectively. Operating income to be between $60 million and $65 million.
Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts. Its automotive aftermarket parts include alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, turbochargers, and diagnostic testing equipment. Its segments include the Hard Parts segment, which includes light duty rotating electric products, wheel hub products, and brake-related products; the Test Solutions and Diagnostic Equipment segment, which includes applications for combustion engine vehicles, test solutions and diagnostic equipment for the pre- and post-production of electric vehicles, and software emulation of power systems applications for the electrification of all forms of transportation; and the Heavy Duty segment, which includes non-discretionary automotive aftermarket replacement hard parts for heavy-duty truck, industrial, marine, and agricultural applications.
MOTORCAR PARTS OF AMERICA, INC. 
