Motorcar Parts of America, Inc. (MPAA) Q3 2023 Earnings Call Transcript

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Q3: 2023-02-09 Earnings Summary

EPS of $0.22 misses by $0.33
 | Revenue of $151.82M (-6.17% Y/Y) misses by $8.38M

Motorcar Parts of America, Inc. (NASDAQ:MPAA) Q3 2023 Earnings Conference Call February 9, 2023 1:00 PM ET

Company Participants

Gary Maier - Vice President of Corporate Communications and Investor Relations
Selwyn Joffe - Chairman, President and Chief Executive Officer
David Lee - Chief Financial Officer

Conference Call Participants

Matthew Koranda - ROTH Capital Partners
Brian Nagel - Oppenheimer & Co.
William Dezellem - Tieton Capital Management, LLC

Operator

Good day. My name is Rob, and I will be your conference operator today. At this time, I'd like to welcome everyone to the Motorcar Parts of America Fiscal 2023 Third Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions] Thank you.

Gary Maier, Vice President of Corporate Communications and Investor Relations, you may begin your conference.

Gary Maier

Thank you. Thank you, Rob, and thanks, everyone, for joining us. Before I turn the call over to Selwyn Joffe, Chairman, President and Chief Executive Officer; and David Lee, the Company's Chief Financial Officer, I'd like to remind everyone of the safe harbor statement included in today's press release.

Private Securities Litigation Reform Act of 1995 provides a safe harbor for certain forward-looking statements, including statements made during today's conference call. Such forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by Motorcar Parts of America. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties, some of which are beyond the control of the Company and are subject to change based upon various factors.

In particular, expectations about

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