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 , June 7, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce it is the recipient of the 2021 Spirit of NAPA® trophy, presented at NAPA® Auto Parts' Vendor Summit and Supplier Awards Banquet on May 25, 2022. This year, Standard Motor Products, Inc. was honored as the 2021 Spirit of NAPA award winner.

Standard Motor Products Wins 2021 Spirit of NAPA® Award

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

Standard Motor Products (SMP) Down 3.9% Since Last Earnings Report: Can It Rebound?

NEW YORK , June 2, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $500 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders, which includes a $100 million term loan and $400 million revolving credit facility (the "New Credit Facility").

Standard Motor Products, Inc. Announces New $500 Million Credit Facility

Genuine Parts

The longevity of vehicles will act as a tailwind for auto replacement parts companies like Genuine Parts (GPC), LKQ Corp. (LKQ) and Standard Motor (SMP).

US Vehicles Average Age Rises to 12.2 Years: 3 Stocks to Watch

Standard Motor Products (SMP) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

After Plunging 9.7% in 4 Weeks, Here's Why the Trend Might Reverse for Standard Motor Products (SMP)

Standard Motor (SMP) expects its 2022 consolidated gross margin in the band of 28-29%

Standard Motor (SMP) Shares Barely Move Since Q1 Earnings Beat

The consensus price target hints at a 40.9% upside potential for Standard Motor Products (SMP). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Standard Motor Products (SMP) Could Rally 41%: Here's is How to Trade

Standard Motor Products, Inc. (NYSE:SMP ) Q1 2022 Earnings Conference Call May 3, 2022 11:00 AM ET Company Participants Tony Cristello - VP, IR Eric Sills - Director, CEO and President James Burke - COO Nathan Iles - CFO Lawrence Sills - Chairman Conference Call Participants Joe Enderlin - Stephens, Inc. Bret Jordan - Jefferies & Co. Robert Smith - Center for Performance Investing Operator Good day, everyone and welcome to the Standard Motor Products First Quarter 2022 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) CEO Eric Sills on Q1 2022 Results - Earnings Call Transcript

Standard Motor Products Inc (NYSE: SMP) reported first-quarter FY22 sales growth of 16.7% year-on-year to $322.83 million, beating the consensus of $304.30 million. Engine Management segment revenue rose 12.8% Y/Y, and Temperature Control segment sales gained 30.2%.

Standard Motor Q1 Earnings Top Estimates; Cautiously Optimistic For Rest Of 2022

Standard Motor Products (SMP) delivered earnings and revenue surprises of 13.58% and 3.75%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Standard Motor Products (SMP) Q1 Earnings and Revenues Top Estimates

NEW YORK , May 3, 2022 /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, 2022. "Our sales increased nearly 17% over last year's strong first quarter, posting our seventh consecutive record quarter.

Standard Motor Products, Inc. Announces First Quarter 2022 Results and a Quarterly Dividend

NEW YORK , April 29, 2022 /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, 2022, on Tuesday, May 3, 2022, 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 Tuesday, May 3, 2022.

Standard Motor Products, Inc. Announces First Quarter 2022 Earnings Conference Call

NEW YORK , April 25, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to expand its aftermarket leading Electronic Throttle Body (ETB) offering. ETBs have been an integral part helping automakers improve fuel economy while reducing emissions on today's advanced engines.

Standard Motor Products Expands Electronic Throttle Body Offering

Let's see if Standard Motor Products (SMP) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Pick Standard Motor Products (SMP)?

NEW YORK , April 12, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP) today announced the publication of its 2021 Corporate Social Responsibility and Sustainability Report. This report highlights the Company's commitment to corporate sustainability and socially responsible actions as well as discloses the Company's initiatives, goals and achievements related to its business, employees, communities, and the planet.

Standard Motor Products, Inc. Announces Publication of its 2021 Corporate Social Responsibility and Sustainability Report

NEW YORK , April 4, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today that Alejandro Cesar Capparelli has been appointed as an independent director to the Company's Board of Directors. Mr. Capparelli will serve as a member of the Audit Committee, Compensation and Management Development Committee, Nominating and Corporate Governance Committee, and Strategic Planning Committee.

Standard Motor Products, Inc. Announces Appointment of New Director

Why Is Standard Motor Products (SMP) Up 0.1% Since Last Earnings Report?

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In light of advancements in driverless vehicles, five vehicles and parts companies with high business quality and high guru ownership as of the fourth quarter of 2021 are Lithia Motors Inc. ( LAD , Financial), Copart Inc. ( CPRT , Financial), Winnebago Industries Inc. ( WGO , Financial), Polaris Inc. ( PII , Financial) and Standard Motor Products Inc. ( SMP , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

5 Vehicles and Parts Companies Gurus Are Driving

Standard Motor Products (SMP) Loses 6.7% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Standard Motors (SMP) reports robust sales in the fourth quarter of 2021. Earnings fall year over year, led by non-recurring expenses.

Standard Motors (SMP) Beats on Q4 Earnings, Hikes Dividend

Standard Motor Products, Inc. (SMP) CEO Eric Sills Q4 2021 Results - Earnings Call Transcript

Standard Motor Products (SMP) delivered earnings and revenue surprises of 36.36% and 8.23%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Standard Motor Products (SMP) Q4 Earnings and Revenues Beat Estimates

NEW YORK, Feb. 22, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months and twelve months ended December 31, 2021. Net sales for the fourth quarter of 2021 were $309.9 million, compared to consolidated net sales of $282.7 million during the comparable quarter in 2020.

Standard Motor Products, Inc. Announces Fourth Quarter and 2021 Year-End Results

NEW YORK, Feb. 18, 2022 /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 full-year ended December 31, 2021, before the market opens on Tuesday, February 22, 2022.  Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2021 Earnings Conference Call Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Tuesday, February 22, 2022.

Standard Motor Products, Inc. Announces Fourth Quarter and Year End 2021 Earnings Conference Call

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.

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