Motorcar Parts of America, Inc. 2027 Q1 Earnings Call

These 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 Motorcar Parts of America. 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 the company and are subject to change based upon various factors. In particular, expectations about anticipated future growth and opportunities with customers may not be achieved. The company undertakes no obligation to publicly revise or update 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 would now like to begin the call and turn it all over to Selwyn Joffe.

Okay. Thank you, Gary. I appreciate everyone joining us today. As stated in our earnings release issued this morning, we are still on target to meet our expectations for fiscal 2027, notwithstanding anticipated headwinds we and the industry experienced during the fiscal first quarter. Our confidence is bolstered by numerous new sales commitments, business developments, and opportunities phasing in throughout fiscal 2027, some of which are being enhanced by the changing competitive landscape. Regarding the latter, let me start with a brief discussion of our recently announced Centric Parts brake brands acquisition, which we expect to relaunch by the current fiscal year-end. We're excited about the strategic growth opportunities that we expect from the introduction of our new original Centric brake brands product lines.