Motorcar Parts of America Reports Strong Fiscal 2014 Second Quarter Results
Motorcar Parts of America, Inc. (MPAA) today reported results for its fiscal 2014 second quarter and six-month period -- reflecting the first full quarter of contributions from the company's new wheel hub product line.
Net sales for the fiscal 2014 second quarter increased 14.8 percent to $66.2 million from $57.7 million for the same period last year. Net income for the same period was $2.2 million, or $0.15 per diluted share, compared with a net loss of $8.9 million, or $0.62 per share, a year ago -- reflecting the impact of the company's discontinued subsidiaries.
- Published: 12 November 2013
- Written by Editor