MOTORCAR PARTS OF AMERICA (MPAA) Company Report

Motorcar Parts of America reported net sales of $221.5 million for the Fiscal 2026 second quarter, an increase of 6.4%, and $409.8 million for the six-month period, up 8.4%. The company posted a net loss of $2.1 million ($0.11 per share) for Q2 2026, but achieved a net income of $893,000 ($0.04 per diluted share) for the six-month period.
The company generated $21.9 million in cash from operating activities during Q2 2026 and $31.9 million for the six-month period. This contributed to a net bank debt reduction of $17.7 million in Q2 and $24.6 million for the six months, bringing the total net bank debt to $56.7 million as of September 30, 2025.
MPAA repurchased 90,114 shares for $1.4 million at an average price of $15.41 during Q2 2026, and a total of 287,910 shares for $3.4 million at an average price of $11.65 for the six-month period.
The company confirmed its guidance for Fiscal 2026, anticipating continued organic growth driven by favorable long-term industry trends, including the rising average age of U.S. light vehicles to 12.8 years and an increase in vehicles on the road to 293.5 million.

Nov 10, 2025, 6:00 PM

Motorcar Parts of America Reports Fiscal Second Quarter 2026 Results

MPAA

Earnings

Share Buyback

Revenue Acceleration/Inflection

Motorcar Parts of America, Inc. reported record net sales of $221.5 million for the fiscal second quarter ended September 30, 2025, an increase of 6.4 percent from the prior year. For the six-month period, net sales reached a record $409.8 million, up 8.4 percent.
The company recorded a net loss of $2.1 million, or $0.11 per share, for the fiscal second quarter 2026. This is an improvement compared to a net loss of $3.0 million, or $0.15 per share, in the prior year. For the six-month period, net income was $893,000, or $0.04 per diluted share, a significant improvement from a net loss of $21.0 million, or $1.07 per share, a year ago.
Gross profit for the fiscal second quarter was a record $42.7 million, increasing 3.5 percent from the prior year. For the six-month period, gross profit also reached a record $76.6 million.
The company generated $21.9 million in cash from operating activities during the fiscal second quarter and reduced net bank debt by $17.7 million to $56.7 million.
During the fiscal second quarter 2026, 90,114 shares were repurchased for $1.4 million at an average price of $15.41.

Nov 10, 2025, 12:58 PM

CSW Industrials Completes MARS Parts Acquisition

MPAA

M&A

New Projects/Investments

CSW Industrials completed the acquisition of Motors & Armatures Parts (MARS Parts) on November 4, 2025, for approximately $650 million in cash.
The acquisition expands CSW's product portfolio in the profitable HVAC/R end market by adding motors, capacitors, and other electrical components, aligning with CSW's strategy to leverage existing distribution and grow market share.
The cash purchase price represents 10.4x pro-forma trailing twelve-month (TTM) EBITDA adjusted for identified synergies, and approximately 12.4x MARS Parts’ estimated adjusted TTM EBITDA of $52.3 million.
The transaction was funded using a $600 million Syndicated Term Loan A and borrowings under an extended $700 million revolving credit facility.

Nov 4, 2025, 6:00 PM

Motorcar Parts of America Highlights Strong Financials and Growth Initiatives

MPAA

Guidance Update

New Projects/Investments

Share Buyback

Motorcar Parts of America (MPAA) reported a 14.7% EBIT margin in Q3 and expects $385 million in free cash flow at the midpoint of its latest guidance, representing over a 10% free cash flow yield on its $3.3 billion equity cap. The company also noted its gross margins are back to the low 20s and it has less than half a turn of debt on EBITDA , with strong liquidity.
The company is expanding its product lines, with the brake business growing to a couple hundred million and potentially making them the second-largest player. Its diagnostic business is also projected to become a $100 million business.
MPAA operates with a capital-light model, spending less than 3% of sales on CapEx. It has been actively buying back shares, with an average purchase price around $9.19 , and plans an Investor Day in 2026 to provide a strategic refresh and update.

Nov 3, 2025, 9:30 PM

CSW Industrials to Acquire Motors & Armatures Parts

MPAA

M&A

New Projects/Investments

Debt Issuance

CSW Industrials has entered into a definitive agreement to acquire Motors & Armatures Parts (MARS Parts) for $650 million in cash, with a potential earn-out of up to $20 million based on revenue targets.
The acquisition is valued at approximately 10.5x identified synergies-adjusted Trailing Twelve Month (TTM) EBITDA or 12.5x TTM adjusted EBITDA at close, based on MARS Parts' estimated adjusted TTM EBITDA of $51.8 million.
This transaction is expected to be immediately accretive to CSW's EPS and EBITDA, with the acquired business projected to achieve an EBITDA margin run rate of at least 30% within 12 months of closing.
The acquisition expands CSW's product portfolio in the HVAC/R end market, strategically complementing its Contractor Solutions business by adding products focused on repair.
CSW plans to fund the acquisition using a combination of a Syndicated Term Loan A and borrowings under its existing $700 million revolving credit facility, aiming to maintain a leverage target of approximately 2.0x EBITDA upon closing.

Oct 1, 2025, 12:30 PM

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