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.

NEW YORK , Oct. 4, 2023 /PRNewswire/ -- Standard Motor Products (SMP) is pleased to announce that its STABIL facility in Germany has earned PACCAR's 2022 10 PPM Award. Each year, PACCAR, a leading global manufacturer of light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates, recognizes suppliers who achieve its "10 PPM" quality standard.

Standard Motor Products, Inc. STABIL Facility Earns PACCAR 2022 10 PPM Award

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

Standard Motor Products (SMP) Up 1.2% Since Last Earnings Report: Can It Continue?

Revenues increased in the past few years, boosted by acquisitions, but have stalled as a major customer declared bankruptcy. Cost-saving initiatives and pricing actions caused a slight improvement in profit margins in the second quarter of 2023. Interest expenses are skyrocketing, but ongoing inventory destocking should allow for a successful deleverage of the balance sheet.

Standard Motor Products: A Good Opportunity For Long-Term Dividend Investors

NEW YORK , Aug. 23, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 210 new part numbers in its August new number announcement. This most recent release provides new coverage in 72 distinct product categories, and 69 part numbers for 2022, 2023 and 2024 model-year vehicles.

Standard Motor Products' August Release Includes 210 New Part Numbers

NEW YORK , Aug. 8, 2023 /PRNewswire/ -- Standard Motor Products (SMP®) is honored to announce that it has earned PACCAR's 2022 10 PPM Award. PACCAR is a leading global manufacturer of light, medium, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates.

Standard Motor Products, Inc. Earns PACCAR 2022 10 PPM Award

Standard Motor's (SMP) Q2 earnings decline year over year and also fall short of the Zacks Consensus Estimate amid lower-than-anticipated revenues from Vehicle Control and Temperature Control units.

Standard Motor (SMP) Q2 Earnings Miss, '23 EBITDA View Cut

Standard Motor Products, Inc. (NYSE:SMP ) Q2 2023 Results Conference Call August 2, 2023 11:00 AM ET Company Participants Tony Cristello - VP, IR Eric Sills - President and CEO Jim Burke - COO Nathan Iles - CFO Conference Call Participants Bret Jordan - Jefferies Daniel Imbro - Stephens Robert Smith - Center for Performance Investing Operator Good day, everyone, and welcome to the Standard Motor Products Second Quarter 2023 Earnings Call and Webcast. [Operator Instructions] Please note today's call will be recorded, and I will be standing by should you need any assistance.

Standard Motor Products, Inc. (SMP) Q2 2023 Earnings Call Transcript

Standard Motor Products (SMP) came out with quarterly earnings of $0.84 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.93 per share a year ago.

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

NEW YORK , Aug. 2, 2023 /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, 2023. Net sales for the second quarter of 2023 were $353.1 million, compared to consolidated net sales of $359.4 million during the comparable quarter in 2022.

Standard Motor Products, Inc. Announces Second Quarter 2023 Results and Quarterly Dividend

NEW YORK , July 27, 2023 /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, 2023, on Wednesday, August 2, 2023, 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, August 2, 2023.

Standard Motor Products, Inc. Announces Second Quarter 2023 Earnings Conference Call

NEW YORK , July 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP®) has released 207 new part numbers in its July new number announcement. This most recent release provides new coverage in 71 different product categories, and 78 part numbers for 2022 and 2023 model-year vehicles.

Standard Motor Products' July Release Includes 207 New Part Numbers

Standard Motor Products (SMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Standard Motor Products (SMP) to Report Q2 Results: Wall Street Expects Earnings Growth

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.

Are Investors Undervaluing Standard Motor Products (SMP) Right Now?

NEW YORK , June 28, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to add to its Variable Valve Timing (VVT) program, which already includes more than 550 part numbers for import and domestic vehicles. When the OE fails, technicians trust Standard® and Blue Streak® to deliver precision components that integrate with complex VVT systems.

Standard Motor Products Continues Growth of VVT Program

Standard Motor Products has a good dividend rising at a CAGR of 10% over the last 10 years. The company is in a recession resistant business. SMP stock is at its lowest price in 5 years, except for the 2020s COVID-19 slowdown.

Standard Motor Products: Excellent Dividend Record And Low Price Make It A Buy

NEW YORK , June 15, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce the launch of its all-new corporate website.  This new site has been designed to improve the user experience of all stakeholders, providing transparency into the Company while showcasing SMP's history as a leading manufacturer of automotive components.

Standard Motor Products Launches New Corporate Website

Why Is Standard Motor Products (SMP) Up 0.2% Since Last Earnings Report?

NEW YORK , May 30, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, was recently recognized in the USA Today's Inaugural List of America's Climate Leaders, representing companies that have reduced greenhouse gas emissions and cut their carbon footprint over the past several years.   SMP was recently recognized in the USA Today's Inaugural List of America's Climate Leaders.

Standard Motor Products, Inc. Recognized for Sustainability Efforts

NEW YORK , May 24, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released 222 new part numbers in its May new number announcement. This most recent release provides new coverage in 69 different product categories, and more than 60 part numbers for 2022 and 2023 model-year vehicles.

Standard Motor Products' May Release Includes 222 New Part Numbers

Standard Motor's (SMP) readiness to meet the growing demand for high-quality replacement parts is poised to bolster revenues. However, high-interest rates and commodity prices are major headwinds.

Here's Why You Should Retain Standard Motor (SMP) Stock Now

Standard Motors (SMP) delivers Q1 earnings beat due to higher-than-anticipated revenues and operating income from the Vehicle Control unit.

Standard Motor (SMP) Q1 Earnings Top Estimates But Fall Y/Y

Standard Motor Products, Inc. (NYSE:SMP ) Q1 2023 Earnings Conference Call May 3, 2023 11:00 AM ET Company Participants Tony Cristello - Vice President, Investor Relations Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Inc. Bret Jordan - Jefferies Robert Smith - the Center for Performance Investing Operator Good day, everyone, and welcome to the Standard Motor Products First Quarter 2023 Earnings Call. [Operator Instructions] Please note today's call will be recorded, and I will be standing by should you need any assistance.

Standard Motor Products, Inc. (SMP) Q1 2023 Earnings Call Transcript

Standard Motor Products (SMP) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.92 per share a year ago.

Standard Motor Products (SMP) Q1 Earnings Top Estimates

NEW YORK , May 3, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2023. Net sales for the first quarter of 2023 were $328.0 million, compared to consolidated net sales of $322.8 million during the comparable quarter in 2022.

Standard Motor Products, Inc. Announces First Quarter 2023 Results

NEW YORK , April 28, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months ended March 31, 2023, on Wednesday, May 3, 2023, 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, May 3, 2023.

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