SMP(SMP)

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Here's Why Standard Motor Products (SMP) is a Strong Growth Stock
ZACKS· 2025-05-01 14:46
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores. What ...
Standard Motor Q1 Earnings Surpass Estimates, Revenues Rise Y/Y
ZACKS· 2025-05-01 13:05
Core Viewpoint - Standard Motor Products (SMP) reported strong first-quarter 2025 results, with adjusted earnings per share (EPS) significantly exceeding expectations and showing year-over-year growth [1][9]. Financial Performance - Adjusted EPS for Q1 2025 was 81 cents, surpassing the Zacks Consensus Estimate of 44 cents and increasing from 45 cents in the prior-year quarter [1]. - Total revenues rose to $413.4 million from $331.4 million in Q1 2024, exceeding the Zacks Consensus Estimate of $394 million [2]. - Gross profit increased to $124.7 million from $89.5 million year-over-year, while operating income rose to $24.5 million from $14.6 million in the prior-year quarter [2]. Segmental Results - Vehicle Control segment revenues were $192.3 million, a 3.7% increase year-over-year, but fell short of the estimate of $198.3 million. Operating income was $18.3 million, up from $15.6 million [4]. - Temperature Control segment revenues reached $88.9 million, up from $71.6 million year-over-year, exceeding the projection of $72 million. Operating income was $7.8 million, up from $2.1 million [5]. - Engineered Solutions segment revenues totaled $66 million, down 11.2% year-over-year, missing the estimate of $81 million. Operating income was $3.2 million, up from $2.2 million [6]. - Nissens Automotive segment revenues were $66.2 million, surpassing the expectation of $42.5 million, with an operating income of $7.6 million [6]. Financial Position - As of March 31, 2025, the company had $50.3 million in cash, up from $44.4 million at the end of 2024. Long-term debt increased to $627.3 million from $535.2 million [7]. - Net cash used by operating activities was $60.2 million, and SG&A expenses rose 33.6% to $99.8 million [7]. Dividend and Guidance - The company declared a quarterly dividend of 31 cents per share, payable on June 2, 2025, to stockholders of record as of May 15, 2025 [8]. - For 2025, SMP expects sales growth in the mid-teens and adjusted EBITDA to be in the range of 10-11% of total revenues [9].
SMP(SMP) - 2025 Q1 - Earnings Call Presentation
2025-04-30 20:01
Standard Motor Products, Inc. 1st Quarter 2025 Earnings Call | April 30, 2025 1 Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipated levels of future performance, are based on current information and assumptions and involve risks and uncertainties which may caus ...
SMP(SMP) - 2025 Q1 - Quarterly Report
2025-04-30 15:52
(Mark One) þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2025 or Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (I.R.S. Employer (State or ot ...
Standard Motor Products (SMP) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-30 15:00
For the quarter ended March 2025, Standard Motor Products (SMP) reported revenue of $413.38 million, up 24.7% over the same period last year. EPS came in at $0.81, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $394.22 million, representing a surprise of +4.86%. The company delivered an EPS surprise of +84.09%, with the consensus EPS estimate being $0.44.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...
SMP(SMP) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:00
Standard Motor Products (SMP) Q1 2025 Earnings Call April 30, 2025 11:00 AM ET Speaker0 Good day, everyone, and welcome to the Standard Motor Products First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. Later, you will have the opportunity to ask questions during the question and answer session. Please note, today's call will be recorded and I will be standing by should you need any assistance. It is now my pleasure to turn the conference over to Tony Cr ...
Standard Motor Products (SMP) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 14:45
Standard Motor Products (SMP) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 84.09%. A quarter ago, it was expected that this auto parts maker would post earnings of $0.37 per share when it actually produced earnings of $0.47, delivering a surprise of 27.03%.Over the last four quarte ...
SMP(SMP) - 2025 Q1 - Quarterly Results
2025-04-30 13:45
Exhibit 99.1 For Immediate Release For more information, contact: Anthony (Tony) Cristello Standard Motor Products, Inc. (972) 316-8107 investors@smpcorp.com Standard Motor Products, Inc. Releases First Quarter 2025 Results and Quarterly Dividend New York, NY, April 30, 2025......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, 2025. Net sales for the first quarter of 202 ...
Standard Motor Products Expands Parking Brake Actuator Program
Prnewswire· 2025-04-14 18:25
Core Insights - Standard Motor Products, Inc. (SMP) is expanding its Electronic Parking Brake Actuator program, which is one of the fastest-growing categories in the automotive aftermarket [2][4] - The company offers industry-leading coverage for both import and domestic vehicles, ensuring comprehensive support for a wide range of applications [5][8] Industry Overview - Electronic parking brake actuators have replaced manually operated cable parking brakes in almost all new vehicles, becoming integral to modern electronic safety systems [4][8] - The demand for parking brake actuators is increasing, reflecting a broader trend in the automotive aftermarket towards electronic components [3][8] Product Details - Standard® Parking Brake Actuators are 100% new, never remanufactured, and designed to match original equipment (OE) performance, ensuring seamless integration with electronic safety systems [4][8] - The actuators feature a plug-and-play design, requiring no additional programming during installation, and many include necessary components for a complete repair [4][6] Recent Developments - SMP has introduced new coverage for millions of late-model vehicles, including popular models from Ford, Jeep, Mercedes-Benz, Subaru, Mazda, Audi, Volkswagen, and General Motors [5][6] - The company is providing distribution partners with training, marketing materials, and insights to leverage the growth in the parking brake actuator category [6][8] Company Background - Standard Motor Products, Inc. has over 100 years of experience in the automotive aftermarket, manufacturing and distributing premium replacement parts [8][9] - The company serves a diverse range of markets, including retailers, warehouse distributors, and original equipment manufacturers across multiple regions [9]
Standard Motor Products (SMP) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-04-14 17:00
Standard Motor Products (SMP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...