Standard Motor Products

Standard Motor Products, Inc. engages in the manufacture, distribution, and market of replacement parts for motor vehicles in the automotive aftermarket industry. It operates through the following segments: Engine Management, Temperature Control, and All Other. The Engine Management segment produces and remanufactures ignition and emission parts, ignition wires, battery cables, fuel system parts and sensors for vehicle systems. The Temperature Control Segment manufactures and remanufactures air conditioning compressors, air conditioning and heating parts, engine cooling system parts, power window accessories, and windshield washer system parts. The company was founded by Elias Fife and Ralph van Allen in 1919 and is headquartered in Long Island City, NY.

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Earnings data Q3 2024

Earnings data Q4 2024

Standard Motor Products reports mixed Q4 results, eyes growth in Engineered Solutions

Standard Motor Products (SMP) navigated mixed sales performance in Q4 2022, with strong segments like Temperature Control offsetting challenges in Engine Management. The company is focusing on growth opportunities in Engineered Solutions and aims for modest sales growth in 2023 despite inflation and interest rate impacts.

Standard Motor Products reports modest Q1 growth amidst profitability challenges

Standard Motor Products (SMP) navigated mixed segment performance in Q1 2023, with sales growth in Vehicle Control offset by declines in other segments. Despite profitability challenges, SMP remains optimistic about future growth opportunities and is strategically positioning itself for industry trends.

Standard Motor Products (SMP) maintains margins amidst sales challenges

Standard Motor Products (SMP) navigated challenges in Q2 with flat year-to-date revenues, focusing on maintaining margins, addressing cost increases, and enhancing operational efficiencies.
The company's strategic strengths lie in its operational adaptability, expansion plans, and commitment to growth in Engineered Solutions and key markets like Mexico, China, and Eastern Europe.
While facing immediate challenges from sales softness and customer bankruptcy impacts, SMP remains optimistic about growth opportunities, acquisitions, and operational improvements.
SMP's performance outlook for 2023 includes low single-digit sales growth and adjusted EBITDA around 9.5%, reflecting a balanced approach to managing costs and driving profitability.

Standard Motor Products (SMP) reports record Q3 growth amidst challenges

Standard Motor Products (SMP) delivered a strong performance in Q3 2023 with record sales and earnings growth, driven by the Temperature Control and Engineered Solutions segments. While facing challenges in the Vehicle Control segment and interest rate environment, SMP remains optimistic about future performance and growth opportunities. Analyst questions highlighted industry trends, pricing dynamics, and guidance clarification.

Standard Motor Products reports mixed Q4 performance, eyes growth opportunities

Standard Motor Products (SMP) navigated through a challenging quarter with mixed segment performance but remains optimistic about the future.
The company's focus on financial stability, operational efficiency, and long-term profitability positions it well for growth and sustainability.
By addressing challenges, leveraging strengths, and exploring opportunities, SMP aims to drive sales growth and enhance its competitive edge in the market.

Standard Motor Products reports record sales but faces profitability challenges

Standard Motor Products (SMP) achieved record sales in Q1 2024 but faced profitability challenges due to inflationary pressures. The company showed strength in certain segments and outlined a financial outlook with a focus on cost management and sales growth.

Standard Motor Products (SMP) reports robust Q2 performance and strategic acquisitions

Standard Motor Products (SMP) delivered strong sales growth, highlighted by record-high sales in the Temperature Control segment. Despite cost pressures, profitability improved, and strategic initiatives like the Nissens Automotive acquisition and cost-saving programs position SMP for future growth.

Standard Motor Products reports robust Q3 growth and eyes Nissens acquisition for future expansion

Standard Motor Products (SMP) delivered strong revenue and earnings growth in Q3 2024, driven by performance across all operating segments.
Strategic acquisitions, like Nissens Automotive, and ongoing operational enhancements underscore SMP's commitment to sustainable growth and profitability.
While facing short-term cost challenges, SMP remains optimistic about its financial outlook for 2024 and is poised to capitalize on market opportunities.

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Standard Motor Products, Inc. engages in the manufacture, distribution, and market of replacement parts for motor vehicles in the automotive aftermarket industry. It operates through the following segments: Vehicle Control, Temperature Control, Engineered Solutions, and Other. The Vehicle Control segment includes the provision of engine management, electrical and safety, wire sets and others. The Temperature Control segment involves the offering of air-conditioner system and other thermal components. The Engineered Solutions segment focuses on applications of thermal management products, sensors, switches, power distribution, electrification and electronics, injection and fuel delivery, ignition and emissions, and clamping devices. The company was founded by Elias Fife and Ralph van Allen in 1919 and is headquartered in Long Island City, NY.

SMP's third-quarter earnings and revenues beat the Zacks Consensus Estimate and increase year over year.

Standard Motor Q3 Earnings Beat Expectations, Increase Y/Y

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Standard Motor Products (SMP) Stock?

NEW YORK , Nov. 1, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, today announced the completion of the previously-announced acquisition of AX V Nissens III APS ("Nissens"), a leading European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies.  Under the terms of the agreement, SMP has acquired all the issued and outstanding shares of Nissens for approximately $390 million (€360 million), net of cash and assumed debt and subject to post-closing adjustments, from Nordic private equity firm Axcel and the Nissen family.

Standard Motor Products, Inc. Completes Acquisition Of European Aftermarket Supplier Nissens Automotive

Standard Motor Products, Inc. (NYSE:SMP ) Q3 2024 Results Conference Call October 30, 2024 11:00 AM ET Company Participants Tony Cristello - Vice President-Investor Relations Eric Sills - Chairman and Chief Executive Officer Nathan Iles - Chief Financial Officer Conference Call Participants Scott Stember - ROTH MKM Carolina Jolly - Gabelli Operator Good day, everyone, and welcome to the Standard Motor Products' Third Quarter 2024 Earnings Call. [Operator Instructions] Please note today's call will be recorded [Operator Instructions].

Standard Motor Products, Inc. (SMP) Q3 2024 Earnings Call Transcript

Standard Motor Products (SMP) came out with quarterly earnings of $1.28 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $1.11 per share a year ago.

Standard Motor Products (SMP) Beats Q3 Earnings and Revenue Estimates

Net Sales of $399.3M, up 3.3%, with all three operating segments showing increases Adjusted diluted earnings per share of $1.28, up 15% Adjusted EBITDA up 80 basis points to 12.2% Nissens Automotive acquisition expected to close in near future Full year guidance remains unchanged NEW YORK , Oct. 30, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and nine months ended September 30, 2024. Net sales for the third quarter of 2024 were $399.3 million, compared to consolidated net sales of $386.4 million during the comparable quarter in 2023.

Standard Motor Products, Inc. Announces Third Quarter 2024 Results and Quarterly Dividend

NEW YORK , Oct. 25, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and nine months ended September 30, 2024, on Wednesday, October 30, 2024, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, October 30, 2024.

Standard Motor Products, Inc. Announces Third Quarter 2024 Earnings Conference Call

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NEW YORK , Sept. 17, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A.

Standard Motor Products, Inc. Announces New $750 Million Credit Facility

Standard Motor Products, a producer and distributor of automotive parts, has seen its stock rise nicely since my last 'buy' rating in June. The company's Q2 revenue increased by 10.4%, driven by a 28.2% surge in its Temperature Control segment due to early summer orders. Despite revenue growth, net income slightly dropped, and other profitability metrics were mixed, but the company remains attractively priced on key multiples.

Standard Motor Products: Still Appealing On Valuation

SMP's balance sheet and acquisition strength, coupled with sustainable demand for automotive parts, make the stock worth retaining.

Standard Motor Stock Down 20% YTD: What Should Investors Do?

Standard Motor Products, Inc. (NYSE:SMP ) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Cristello – Vice President-Investor Relations Eric Sills – Chairman and Chief Executive Officer Nathan Iles – Chief Financial Officer Conference Call Participants Scott Stember – ROTH MKM Bret Jordan – Jefferies Carolina Jolly – Gabelli Operator Good day, everyone, and welcome to the Standard Motor Products Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode.

Standard Motor Products, Inc. (SMP) Q2 2024 Earnings Call Transcript

Standard Motor (SMP) reports better-than-expected second-quarter results and expects sales growth to be low- to mid-single digit compared with the previous forecast of flat to low-single digit.

Standard Motor (SMP) Q2 Earnings Beat Estimates, Rise Y/Y

Although the revenue and EPS for Standard Motor Products (SMP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Standard Motor Products (SMP) Q2 Earnings: A Look at Key Metrics

Standard Motor Products (SMP) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.84 per share a year ago.

Standard Motor Products (SMP) Q2 Earnings and Revenues Beat Estimates

NEW YORK , Aug. 1, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and six months ended June 30, 2024. Net sales for the second quarter of 2024 were $389.8 million, compared to consolidated net sales of $353.1 million during the comparable quarter in 2023.

Standard Motor Products, Inc. Announces Second Quarter 2024 Results and Quarterly Dividend

NEW YORK , July 29, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and six months ended June 30, 2024, on Thursday, August 1, 2024, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, August 1, 2024.

Standard Motor Products, Inc. Announces Second Quarter 2024 Earnings Conference Call

Standard Motor (SMP) agrees to acquire Nissens to expand its range of powertrain-neutral products, reduce costs and increase revenues.

Standard Motor (SMP) to Expand Portfolio With Nissens Buyout

Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control products Expands SMP's portfolio of powertrain-neutral product categories Purchase price of $388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergies Will be immediately and meaningfully accretive in the first full year of the transaction $8-12M in estimated run-rate cost synergies within 24 months, with additional opportunity for meaningful revenue synergies NEW YORK , July 10, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced it has reached a definitive agreement to acquire AX V Nissens III APS ("Nissens"), a leading European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies, for approximately $388 million (€360 million) in cash from Nordic private equity firm Axcel and the Nissen family. Nissens has annual revenues of approximately $260 million with a mid-teens EBITDA margin rate.

Standard Motor Products, Inc. to Acquire European Aftermarket Supplier Nissens Automotive

Standard Motor Products, Inc., a producer and distributor of automotive parts, has experienced a decline in stock value despite revenue growth. The company's profitability and cash flow have been negatively impacted, with net income and operating cash flow decreasing. Despite these challenges, the company operates in a growing industry and shares are still considered cheap, leading to a "buy" rating.

Standard Motor Products: Still Attractive Despite Weakness Sending Shares Down

Standard Motor Products (SMP) reported earnings 30 days ago. What's next for the stock?

Why Is Standard Motor Products (SMP) Down 6.4% Since Last Earnings Report?

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NEW YORK , May 15, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce its 2023 Corporate Sustainability Report that highlights SMP's commitment to being a good corporate citizen with a focus on increasing its sustainability profile. The report provides insight into SMP's initiatives, future goals, and achievements in relation to its business, employees, communities, and other stakeholders.

Standard Motor Products, Inc. Announces Release of its 2023 Corporate Sustainability Report

Standard Motor (SMP) reports better-than-expected first-quarter 2024 results. However, the bottom line declines year over year.

Standard Motor (SMP) Stock Falls 1.3% Since Q1 Earnings Beat

Standard Motor Products, Inc. (NYSE:SMP ) Q1 2024 Results Conference Call May 3, 2024 11:00 AM ET Company Participants Tony Cristello - Vice President, Investor Relations Larry Sills - Chairman Emeritus Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Tony Cristello - Vice President, Investor Relations Larry Sills - Chairman Emeritus Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Operator [Call Starts Abruptly] Also, today's call is being recorded, and I will be standing by if anyone should need any assist. Now at this time I will turn things over to Mr.

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