MPAA Q1 FY2027: revenue -10.8% to $168M, operating income -82%, net loss $13.4M

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Operating income fell 82% to $3.5M as foreign-exchange gains on lease liabilities and forward contracts shrank from $8.3M to $1.6M, a $6.8M swing that materially reduced profitability.

  MD&A: Operating Income verify on EDGAR →
• high

  Net sales declined 10.8% to $168.0M, driven by lower rotating-electrical sales; brake-related products remained strong but could not offset the decline.

  MD&A: Net Sales verify on EDGAR →
• high

  Gross margin compressed 180 basis points to 16.2% on $2.8M in transition expenses related to global-footprint optimization and lower facility utilization from the sales decline.

  MD&A: Gross Margin verify on EDGAR →