A downtrend has been apparent in Standard Motor Products (SMP) lately with too much selling pressure. The stock has declined 17.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indi ...

Standard Motor Products (SMP) has been beaten down lately with too much selling pressure. While the stock has lost 16.9% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum os ...

As much as I love value investing, I have to admit that it can be unnerving at times. The fact of the matter is that the market can be incredibly volatile. Individual stocks can be even more extreme in termsCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...

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.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are t ...

A downtrend has been apparent in Standard Motor Products (SMP) lately with too much selling pressure. The stock has declined 10.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicato ...

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.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.On top of the ...

Core Viewpoint - Standard Motor Products, Inc. is conducting its Fourth Quarter 2024 Earnings Conference Call to discuss its performance and financial results for the quarter [1][2]. Group 1: Company Overview - The call features key company participants including Eric Sills, Chairman and CEO, Nathan Iles, CFO, and Jim Burke, COO [2][3]. - The agenda includes an overview of performance by Eric Sills, followed by a financial results discussion by Nathan Iles, and concluding remarks with a Q&A session [3]. Group 2: Financial Performance - The conference call is expected to provide insights into the company's financial performance for the fourth quarter of 2024, although specific financial metrics are not detailed in the provided text [1][4].

Standard Motor Products, Inc. (NYSE:SMP) Q4 2024 Earnings Conference Call February 27, 2025 11:00 AM ET Company Participants Tony Cristello - VP, IR Eric Sills - Chairman and CEO Nathan Iles - CFO Jim Burke - COO Conference Call Participants Bret Jordan - Jefferies Scott Stember - ROTH MKM Carolina Jolly - Gabelli Robert Smith - Center for Performance Investing Operator Good day, everyone, and welcome to the Standard Motor Products Fourth Quarter 2024 Earnings Call. At this time, all participants are in a l ...

Core Viewpoint - Standard Motor Products (SMP) reported strong fourth-quarter 2024 results, with adjusted earnings per share (EPS) of 47 cents, exceeding estimates and showing year-over-year growth from 37 cents [1][2]. Financial Performance - Total revenues increased to $343 million from $291 million in the fourth quarter of 2023, surpassing the Zacks Consensus Estimate of $297 million [2]. - Gross profit rose to $101 million from $81.5 million year-over-year [2]. - Operating income decreased to $3.9 million from $9.9 million in the prior-year quarter [2]. Segmental Results - Vehicle Control segment revenues were $187.4 million, up 4.9% year-over-year, beating estimates due to strong demand; operating income was $17.2 million, slightly down from $17.4 million [3]. - Temperature Control segment revenues reached $58 million, up from $44.6 million year-over-year, with an operating income of $3.8 million compared to an operating loss of $3.3 million [4]. - Engineered Solutions segment revenues totaled $62.2 million, down 7.9% year-over-year, with operating income increasing to $1.9 million from $1.04 million [5]. - Nissens Automotive segment revenues were $35.7 million, with an operating income of $385,000 [5]. - Other segment reported an operating loss of $5.5 million, wider than the loss of $3.9 million in the prior year [5]. Financial Position - As of December 31, 2024, the company had $44.4 million in cash, up from $32.5 million a year earlier [6]. - Long-term debt increased to $535.2 million from $151.2 million year-over-year [6]. - Net cash provided by operating activities was $76.7 million at the end of the fourth quarter [6]. - SG&A expenses rose by 22.7% to $86.3 million [6]. Dividend and Guidance - The company increased its quarterly dividend by 6.9% to 31 cents per share, payable on March 3, 2025 [7]. - For 2025, SMP expects sales growth in the mid-teens and adjusted EBITDA to be in the range of 10-11% of total revenues [8].

Financial Performance - Consolidated net sales for 2024 were $1,463.8 million, an increase of $105.6 million, or 7.8%, compared to $1,358.3 million in 2023[164]. - Gross profit for 2024 was $423.3 million, with a gross profit margin of 28.9%, up from 28.6% in 2023[164][165]. - Operating income decreased to $80.6 million, or 5.5% of net sales, down from $92.7 million, or 6.8% in 2023[166][185]. - Selling, general and administrative expenses increased by $41.5 million to $335.1 million, representing 22.9% of net sales in 2024[166][182]. - Other non-operating income increased to $6.9 million in 2024 from $2.3 million in 2023, driven by higher equity income from joint ventures and favorable foreign currency exchange impacts[186]. - The income tax provision for 2024 was $19.4 million at an effective tax rate of 26.2%, compared to $18.4 million at 22.5% in 2023, influenced by non-deductible transaction costs from the acquisition of Nissens Automotive[188]. - Loss from discontinued operations was $26.1 million in 2024, down from $29 million in 2023, including pre-tax provisions of $29.3 million and $23.8 million for 2024 and 2023, respectively[189]. - Net earnings attributable to noncontrolling interest increased to $1.0 million in 2024 from $0.2 million in 2023, reflecting the impact of the Gwo Yng acquisition[190]. Segment Performance - The newly acquired Nissens Automotive segment contributed $35.7 million in net sales for the two months post-acquisition[165][175]. - Vehicle Control segment net sales increased by $24.6 million, or 3.3%, to $762.6 million in 2024[171]. - Temperature Control segment net sales rose by $42.3 million, or 12.5%, to $380.1 million, driven by warmer weather conditions[172]. - Engineered Solutions segment net sales increased by $2.9 million, or 1%, to $285.5 million, supported by new business wins[173][174]. - The gross margin percentage for the Nissens Automotive segment was 32.2% for the two months from the acquisition date[176]. Cash Flow and Investments - Operating cash flows decreased to $76.7 million in 2024 from $144.3 million in 2023, primarily due to a $36.9 million increase in inventories[193]. - Cash used in investing activities surged to $418.7 million in 2024 from $25.7 million in 2023, mainly due to the $372.5 million acquisition of Nissens Automotive[196]. - Cash provided by financing activities was $349.5 million in 2024, compared to cash used of $109.6 million in 2023, following the refinancing of the 2022 Credit Agreement[198]. - Outstanding borrowings under the 2024 Credit Agreement were $545.4 million as of December 31, 2024, compared to $156 million in 2023[210]. - The weighted average interest rate on borrowings under the 2024 Credit Agreement was 5.6% at December 31, 2024, up from 5.0% under the 2022 Credit Agreement[212]. - The company sold $884.7 million and $830.8 million of receivables for the years ended December 31, 2024 and 2023, respectively[216]. - Receivables presented at financial institutions and not yet collected as of December 31, 2024 and December 31, 2023 were approximately $5.8 million and $4.5 million, respectively[216]. - A charge related to the sale of receivables included in selling, general and administrative expenses was $48.5 million, $46 million, and $32 million for the years ended December 31, 2024, 2023, and 2022, respectively[216]. - The company anticipates that cash flow from operations, available cash, and borrowings under the 2024 Credit Agreement will be adequate to meet future liquidity needs for at least the next twelve months[222]. - Material cash commitments as of December 31, 2024 include required cash payments of $545.4 million under the 2024 Credit Agreement and future minimum cash requirements of $144.8 million through 2034 under operating leases[221]. Restructuring and Expenses - Restructuring and integration expenses were $7.7 million in 2024, up from $2.6 million in 2023, primarily due to the Separation Program[168][184]. - The company recorded a $7 million pre-tax charge in selling, general and administrative expenses due to a customer's bankruptcy in January 2023[218]. Stock and Shareholder Actions - As of the first half of 2024, the company repurchased 321,229 shares of common stock for a total cost of $10.4 million under a $30 million stock repurchase program authorized in July 2022[220]. Risks and Assessments - The company faces risks related to supply chain financing arrangements, including potential adverse effects from increased benchmark reference rates[217]. - The company assesses long-lived assets and goodwill for impairment whenever events indicate that the carrying value may not be recoverable[230]. - The company plans to perform an annual actuarial evaluation of asbestos-related liabilities and does not currently believe that additional provisions will materially affect liquidity or financial position[236].