TORRANCE, Calif. (AP) — TORRANCE, Calif. (AP) — Motorcar Parts of America Inc. (MPAA) on Tuesday reported net income of $1.3 million in its fiscal fourth quarter.
The Torrance, California-based company said it had net loss of 3 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 6 cents per share.
The maker of remanufactured vehicle alternators and starters posted revenue of $189.5 million in the period.
For the year, the company reported a loss of $49.2 million, or $2.51 per share. Revenue was reported as $717.7 million.
Motorcar Parts expects full-year revenue in the range of $746 million to $766 million.
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