CarParts.com, Inc. (PRTS) Q1 2026 Earnings Call Prepared Remarks Transcript

Operator

Good afternoon. [Operator Instructions] Please note that this call is being recorded. I would like now to pass the conference over to our host, Mark DiSiena, Interim Chief Financial Officer. Please go ahead.

Mark DiSiena
Interim CFO, Principal Financial Officer & Principal Accounting Officer

Hello, everyone, and thank you for joining us for the CarParts.com First Quarter 2026 Conference Call. Joining me today is David Meniane, Chief Executive Officer.

Before I turn it over to David, I have some important disclosures. Our remarks on this call could contain certain forward-looking statements related to our company and our strategic initiatives under the federal securities laws. Actual results may differ materially from those contained herein or implied by these forward-looking statements due to various risks and uncertainties. For a discussion of the material risks and other important factors that could affect results, please refer to the CarParts.com annual report on Form 10-K and the quarterly reports on Form 10-Q, each as filed with the SEC, all of which can be found in our Investor Relations website. On the call, both GAAP and non-GAAP financial measures will be discussed. A reconciliation of GAAP to non-GAAP financial measures is provided in the press release that we issued today.

With that, I’d like to turn the call over to David.

David Meniane
CEO & Director

In the first quarter of 2026, we reached a milestone we have been building toward for 5 consecutive quarters, our first positive adjusted EBITDA since Q1 2024. Our adjusted EBITDA was positive $585,000, a swing of nearly $7 million from the same quarter last year. This is the result of deliberate action