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.

Earnings data Q1 2021

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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.

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.

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

NEW YORK , April 26, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released 373 new part numbers in its April new number announcement. This most recent release provides new coverage in 87 different product categories, and more than 100 part numbers for 2022 and 2023 model-year vehicles.

Standard Motor Products Releases 373 New Part Numbers in April

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.

Earnings Preview: Standard Motor Products (SMP) Q1 Earnings Expected to Decline

NEW YORK , April 19, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is proud to announce the publication of its third Corporate Sustainability Report that highlights SMP's continued commitment to being environmentally and socially responsible. It also provides insights into SMP's initiatives, future goals, and achievements in relation to its business, employees, communities and the planet.

Standard Motor Products, Inc. Announces Publication of its 2022 Corporate Sustainability Report

NEW YORK , March 28, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to expand its line of ABS Speed Sensors for import and domestic vehicles. It is widely known that the quality and performance of ABS sensors affect how long it takes a vehicle to stop, but with technology evolving, ABS sensors are being asked to do more.

Standard Motor Products' ABS Sensors Line Expands

NEW YORK , March 22, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has introduced 110 new part numbers in its March new number announcement. Included in the release is new coverage for 56 product categories, and 29 part numbers for 2022 and 2023 model-year vehicles.

Standard Motor Products Releases Over 100 New Part Numbers

NEW YORK , March 8, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to expand its line of parts for hybrid and electric vehicles. The hybrid and electric vehicle market is growing larger every day, and SMP is committed to continually adding to its product offering for these vehicles, as well as expanding its powertrain-neutral coverage.

Standard Motor Products Expands Hybrid and EV Product Offering

Standard Motor's (SMP) fourth-quarter earnings outstrip estimates. Higher-than-estimated operating income from the Engine Management segment results in the outperformance.

Standard Motor's (SMP) Q4 Earnings Beat, Revenues Decline Y/Y

NEW YORK , Feb. 27, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has introduced 276 new part numbers since the start of the year. Included in the release is new coverage for 77 product categories, and 43 part numbers for 2022 and 2023 model-year vehicles.

Standard Motor Products Introduces 276 New Part Numbers

Standard Motor Products, Inc. (NYSE:SMP ) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Tony Cristello - Vice President, Investor Relations Larry Sills - Chairman of the Board Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Operator Good day, everyone, and welcome to the Standard Motor Products Fourth Quarter 2022 Earnings Call 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) Q4 2022 Earnings Call Transcript

Standard Motor Products (SMP) delivered earnings and revenue surprises of 32.69% and 8.57%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Standard Motor Products (SMP) Q4 Earnings Top Estimates

New Engineered Solutions Segment Focused on Diverse Non-Aftermarket End Markets Engine Management Segment Renamed Vehicle Control to Reflect Current Product Suite Additional Details in Today's Fourth Quarter Financial Results Call NEW YORK , Feb. 22, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP) (the "Company"), a leading automotive parts manufacturer and distributor, today announced its new operating segment, "Engineered Solutions," along with the intent to rename its Engine Management segment to "Vehicle Control". These segment changes, beginning in 2023, will better align the Company's operating categories with its strategic focus as well as provide greater clarity into how the Company is positioned to capture growth opportunities of the future.

Standard Motor Products, Inc. Announces Segment Reporting Changes

NEW YORK , Feb. 22, 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 twelve months ended December 31, 2022. Net sales for the fourth quarter of 2022 were $308.2 million, compared to consolidated net sales of $309.9 million during the same quarter in 2021.

Standard Motor Products, Inc. Releases Fourth Quarter and 2022 Year-End Results; Announces Segment Reporting Changes

NEW YORK , Feb. 17, 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 twelve months ended December 31, 2022, before the market opens on Wednesday, February 22, 2023. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, February 22, 2023.

Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2022 Earnings Conference Call

Standard Motor Products is a small cap manufacturer of aftermarket parts for vehicles, and is historically a very steady performer. The stock is modestly valued historically and relatively. Business outlook remains positive and company is engaging in smart bolt-on acquisitions. The stock is trading close to its FV.

Standard Motor Products: Forgotten Steady Performer For A Dividend Investor

NEW YORK , Feb. 1, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from twenty-seven cents per share to twenty-nine cents per share, payable on March 1, 2023, to shareholders of record on February 15, 2023.  View original content to download multimedia:https://www.prnewswire.com/news-releases/standard-motor-products-inc-announces-increase-in-its-quarterly-dividend-301733823.html SOURCE Standard Motor Products, Inc.

Standard Motor Products, Inc. Announces Increase in its Quarterly Dividend

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NEW YORK , Dec. 22, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has introduced 214 new part numbers in its December new number announcement. Included in the release is new coverage for 88 product categories, and 84 part numbers for 2021, 2022, and 2023 model-year vehicles.

Standard Motor Products Closes the Year with 214 New Part Numbers

NEW YORK , Dec. 21, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, has announced changes in the composition of its Board of Directors. Effective at the end of their current terms, in May of 2023, Lawrence I.

Standard Motor Products, Inc. Announces Director Changes

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NEW YORK , Nov. 30, 2022 /PRNewswire/ -- Throughout 2022, Standard Motor Products, Inc. (SMP) continued its commitment to the communities it operates within through its SMP Cares® initiative. SMP Cares® prioritizes the livelihood and well-being of communities, acting as a positive influence through volunteerism, community efforts, and philanthropy.

Standard Motor Products' SMP Cares® Initiative Gives Back in 2022

Standard Motor Products continues to grow sales, but sales growth is slowing and profits have fallen. The near-term outlook for the company might not be all that positive, with further deterioration possible.

News for Standard Motor Products Stock (SMP)