Motorcar Parts Beats On Q4 Earnings, Doesn't Provide Guidance - Motorcar Parts of America (NASDAQ:MPAA)

Motorcar Parts of America Inc MPAA reported fourth-quarter FY21 sales of $168.1 million, up 11.5% year-on-year, beating the analyst consensus of $153.3 million. FY21 sales were $540.8 million, a 1% increase Y/Y.
Results were impacted by COVID-19 expenses related to safety, health initiatives, and incrementally higher freight costs, amounting to about $2.8 million on a pre-tax basis.
Operating income was $5.47 million, and the operating margin stood at 3.2%.
EBITDA of $8.5 million saw a turnaround from a loss of $(2.95) million in the year-ago quarter.
Adjusted EPS increased 25.42% Y/Y to $0.74, beating analyst consensus of $0.64.
Cash and equivalents amounted to $15.5 million at the end of Q4. The company used $16.4 million in operating cash flow.
Guidance: The company declined to provide guidance due to uncertainties arising from the ongoing global pandemic.
Price action: MPAA shares are trading higher by 2.88% at $23.97 on last check Monday.