Motorcar Parts of America, Inc. (NASDAQ:MPAA) Q4 2023 Earnings Call Transcript June 13, 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

William Dezellem - Tieton Capital

Jeff Bronchick - CSC

Operator

Good morning, and welcome to the Motorcar Parts of America Fiscal 2023 Fourth Quarter and Year-End Conference Call. All participants are in a listen only mode. After the speakers presentation we will conduct a question-and-answer session. [Operator Instructions] As a reminder, this conference call is being recorded.

I would now like to turn the call over to Gary Maier, Vice President of Communications and Investor Relations. Thank you. Please go ahead.

Gary Maier

Thank you, Julian. Thanks, everyone for joining us. Before we begin and I turn the call over to Selwyn Joffe, Chairman, President and Chief Executive Officer; and David Lee, our Chief Financial Officer, I'd like to remind everyone of the Safe-Harbor statement included in today's press release.

The 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 belief 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 the company. 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 Motorcar Parts of America and are subject to change based upon various factors, in particular, our expectations about future -- anticipated future growth and opportunities with customers may not be achieved.

The company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise. For a more detailed discussion of some of the ongoing risks and uncertainties of the company's business, I refer you to the company's various filings with the Securities and Exchange Commission.

With that said, I'd like to begin the call and turn it over to Sel.

Selwyn Joffe

Thank you, Gary. I appreciate everyone joining us today. We achieved record sales levels for the fourth quarter and fiscal year, reflecting the resumption of more normalized ordering patterns by certain customers as well as continuing favorable industry demand for our nondiscretionary automotive aftermarket parts. The outlook for our product demand is positive as we enter our new fiscal year. Equally important, I must recognize the contributions of all of our team members who are focused every day on providing the highest level of service to our customers.