Cost of goods sold was $28.8m for the fourth quarter of 2011, compared to $26.15m for the same period in 2010. Gross profit was $13.98m for the fourth quarter of 2011, compared to $12.46m for the same period in 2010.

For the fourth quarter of 2011, total operating expenses were $8.12m, compared to $7.67m for the same period in 2010. Operating income was $5.85m, compared to $4.78m for the same period in 2010.

Income before income tax expense was $4.8m for the fourth quarter of 2011, compared to $3.82m for the same period in 2010. Income tax expense was $2.36m for the fourth quarter of 2011, compared to $0.95m for the same period in 2010.

Net income was $2.43m for the fourth quarter of 2011, compared to $2.87m for the same period of 2010.

For fiscal year ended March 31, 2011, net sales were $161.28m, an increase of 9.6 percent, compared to $147.22m for the same period in 2010. Cost of goods sold was $109.9m, compared to $105.89m for the same period in 2010.

Gross profit was $51.38m for the year 2011, compared to $41.32m for the same period in 2010. Total operating expenses were $25.99m for the year 2011, compared to $23.02m for the same period in 2010.

Operating income was $25.38m for the year 2011, compared to $18.3m for the same period in 2010. Income before income tax expense was $20.02m for the year 2011, compared to $14.92m for the same period in 2010.

Income tax expense was $7.8m for the year 2011, compared to $5.28m for the same period in 2010. Net income was $12.22m for the year 2011, compared to $9.64m for the same period in 2010.

Selwyn Joffe, chairman, president and CEO of Motorcar Parts, said: “The company's strong results for the year underscore the success of our offshore business model in rotating electrical. We look forward to applying this model to the multiple product lines we acquired from Fenco.”

Motorcar Parts of America (MPA) is a remanufacturer of alternators and starters utilized in imported and domestic passenger vehicles, light trucks and heavy duty applications. Through its wholly owned subsidiary Fenco Automotive Products, the company also offers a broad line of under-the-car products including brake, steering and clutch components.

Will the firm further increase net sales in Q1?

Have your say and discuss with your peers on the InfoGrok community.

Participate by posting your comments now.