Welcome to our dedicated page for Motorcar Parts news (Ticker: MPAA), a resource for investors and traders seeking the latest updates and insights on Motorcar Parts stock.
Motorcar Parts of America reports developments in automotive aftermarket replacement parts and diagnostic testing equipment. The company remanufactures, manufactures and distributes alternators, starters, wheel bearings and hub assemblies, brake calipers, brake pads, brake rotors, brake master cylinders, brake power boosters, turbochargers and related test equipment for imported and domestic passenger vehicles, light trucks and heavy-duty applications.
News commonly covers quarterly results, customer ordering trends, gross profit, cash generation, bank debt, liquidity, share repurchases, new business commitments, demand tied to aging vehicles and miles driven, and growth in Mexico and Latin America. Updates also reference the company's electric-vehicle subsidiary, which designs testing solutions for electric powertrain components, charging systems, and automotive and aerospace electrification applications.
Motorcar Parts of America (Nasdaq:MPAA) announced significant progress in its brake-related product offerings, highlighting its strategic growth initiatives. The company has appointed industry veteran Dan Lelchuk as director of business development for brake products. Lelchuk, who has served as president and CEO of Centric Parts, brings extensive experience in brake-related executive roles. Selwyn Joffe, CEO of MPAA, emphasized the company's strong reputation as a supplier of non-discretionary aftermarket parts and its capacity to meet increasing customer demand. Lelchuk expressed enthusiasm about joining the team and praised the state-of-the-art facilities in Mexico.
Motorcar Parts of America (Nasdaq:MPAA) announced its scheduled participation in the 24th Annual Oppenheimer Consumer Growth & E-Commerce Conference. The presentation will occur on June 12, 2024, at 1:30 p.m. Eastern time and will be conducted in a virtual format. During the event, company representatives will engage in a fireside chat. The live audio webcast of the discussion will be accessible through the company's website and will be archived for 30 days.
Motorcar Parts of America (Nasdaq: MPAA) will release its fiscal 2024 fourth quarter and year-end financial results on June 11, 2024. The company has scheduled an investor conference call at 10:00 a.m. Pacific time that day, led by CEO Selwyn Joffe and CFO David Lee, to discuss the results and operations. The call will be accessible via a live audio webcast on the company’s investor relations page or by phone. An archived version of the call will be available on the company’s website, and a telephone playback will be available from 1:00 p.m. Pacific time on June 11 through 8:59 p.m. Pacific time on June 18, 2024.
Motorcar Parts of America (Nasdaq: MPAA) will preside over the Nasdaq Closing Bell ceremony on May 22, 2024, at 4:00 p.m. Eastern time at the Nasdaq MarketSite in New York City. The ceremony celebrates the company's 30-year history on Nasdaq and its leadership in the automotive aftermarket industry. Selwyn Joffe, chairman, president, and CEO, will lead the ceremony, which can be viewed online from 3:45 p.m. Eastern time. Upcoming corporate events include the Jefferies Automotive Conference on May 23, 2024, in New York, a fiscal 2024 year-end conference call the week of June 10, and Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference (virtual) on June 12, 2024.
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