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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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 , 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.

Standard Motor Products: Still Attractive Despite Recent Pain

Standard Motor (SMP) delivers an earnings beat in third-quarter 2022. Sales across its segments increase year over year.

Standard Motor's (SMP) Q3 Earnings Beat, Revenues Up Y/Y

Key Takeaways The extensive program offers more than 7,500 parts engineered match the damaged part they are replacing, ensuring correct integration with electronic safety systems Standard's Collision Repair Program includes Advanced Driver Assistance Systems (ADAS); Front and Rear Impact; Actuators, Sensors, Switches; and Connectors categories NEW YORK , Nov. 3, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to expand its comprehensive Collision Repair program. The collision market is large, growing, and extends well beyond body work and paint.

Standard Motor Products Expands Collision Repair Program Offering

Standard Motor Products, Inc. (NYSE:SMP ) Q3 2022 Results Conference Call October 28, 2022 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 Daniel Imbro - Stephens Inc Scott Stember - MKM Partners Bret Jordan - Jefferies Operator Good day, everyone, and welcome to today's Standard Motor Products Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode.

Standard Motor Products, Inc. (SMP) Q3 2022 Earnings Call Transcript

Standard Motor Products (SMP) delivered earnings and revenue surprises of 10.53% and 0.13%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

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

NEW YORK , Oct. 28, 2022 /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, 2022. Net sales for the third quarter of 2022 were $381.4 million, compared to consolidated net sales of $370.3 million during the comparable quarter in 2021.

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

NEW YORK , Oct. 25, 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 nine months ended September 30, 2022, on Friday, October 28, 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 Friday, October 28, 2022.

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

Key Takeaways -          Standard Motor Products has announced the addition of 365 new part numbers to its Standard® and Four Seasons® brands-          The new release includes parts for import and domestic vehicles with gasoline, hybrid, and electric powertrains-          Product categories expanded in the release include ADAS, Turbocharger, Collision Repair, and Temperature Control programs NEW YORK , Oct. 25, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has introduced 365 new part numbers in its October new number announcement (NNA). Included in the release is new coverage for over 107 product categories, and 110 part numbers for 2021 and 2022 model-year vehicles.

Standard Motor Products Launches 365 New Numbers

Standard Motor Products, Inc. Announces Acquisition of Kade Trading GmbH

NEW YORK , Sept. 19, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to expand its aftermarket-leading Advanced Driver Assistance Systems (ADAS) program.

Standard Motor Products Expands ADAS Program Offering

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

Standard Motor Products (SMP) Down 2.1% Since Last Earnings Report: Can It Rebound?

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NEW YORK , Aug. 25, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce the addition of 314 new part numbers in its August new number announcement. This release covers over 100 product categories and includes over 100 part numbers for 2021 and 2022 model-year vehicles.

Standard Motor Products Introduces Over 300 New Part Numbers

Standard Motor's (SMP) bottom line registers a decline in the second quarter while its top line grows year over year. It announces a quarterly dividend of 27 cents.

Standard Motor (SMP) Q2 Earnings Miss, Revenues Increase Y/Y

Standard Motor Products, Inc. (NYSE:SMP ) Q2 2022 Earnings Conference Call August 3, 2022 10:30 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 Scott Stember - MKM Partners Bret Jordan - Jefferies Robert Smith - The Center for Performance Investing Daniel Imbro - Stephens Inc. Operator Good day, everyone and welcome to the Standard Motor Products Second 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 Q2 2022 Results - Earnings Call Transcript

Standard Motor Products (SMP) delivered earnings and revenue surprises of -23.14% and 1.87%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Standard Motor Products (SMP) Lags Q2 Earnings Estimates

NEW YORK , Aug. 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 and six months ended June 30, 2022. Net sales for the second quarter of 2022 were $359.4 million, compared to consolidated net sales of $342.1 million during the comparable quarter in 2021.

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

Standard Motor Products may be small but it has consistently expanded earnings since 2018 and is expanding into new categories like electric, off-road, and heavy-duty vehicles.

Buy This Auto Parts Stock. Shares Can Get a Lift as New-Car Sales Flatten.

NEW YORK , Aug. 1, 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 six months ended June 30, 2022, on Wednesday, August 3, 2022, before the opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 10:30 AM, Eastern Time, on Wednesday, August 3, 2022.

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

NEW YORK , July 28, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released a total 832 new part numbers during the first half of 2022 for its Standard® and Standard® Import brands. SMP continues to help distribution partners capture additional business, as 286 of these numbers were aftermarket exclusives, meaning they were not available in the aftermarket before SMP's release.

Standard Motor Products Releases 832 New Part Numbers in First Half of 2022

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Standard Motor Products has performed well over the past few years, including into the current fiscal year. Bottom line performance so far in 2022 is a bit weaker, but shares do still look cheap at current levels.

News for Standard Motor Products Stock (SMP)