MPAA narrows product lines, cuts workforce, faces rising Chinese automation competition

Filed June 8, 2026 · Period ending March 31, 2026 · Compared to 10-K Jun 9, 2025 · ~2 min read

Key Changes

• high

  Wheel hub products and turbochargers removed from Hard Parts segment; product portfolio narrowed to rotating electrical and brake-related products only, with no explanation of divestiture or discontinuation.

  Business: Product Lines verify on EDGAR →
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  Largest customer concentration rose to 42% of sales (from 39%), while retail outlet count for top four chains fell 3.8% to 25,000 stores, pressuring volume growth despite record revenue.

  Business: Customer Concentration verify on EDGAR →
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  Operating cash flow declined 58% to $19.2M (from $45.5M) due to inventory build-up and higher receivables, despite 65% operating income growth and return to profitability.

  MD&A: Cash Flow verify on EDGAR →