NEW YORK, Sept. 17, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced today it has entered into a new five-year $750 million credit facility, with JPMorgan Chase Bank, N.A., as agent, and a syndicate of lenders (the "Credit Facility"). The Credit Facility includes $310 million of term loans and a $440 million revolving credit facility, and allows for borrowing in multiple currencies. In addition, SMP intends to use interest rat ...

Shares of Standard Motor Products, Inc. (SMP) , one of the leading manufacturers, distributors and marketers of premium automotive replacement parts, have plunged 19.7% year to date (YTD), underperforming the industry as well as its peers like Dorman Products, Inc. (DORM) and Douglas Dynamics, Inc. (PLOW) . Image Source: Zacks Investment Research YTD Price Comparison Standard Motor thrives on sustained demand for automotive parts and acquisition and balance sheet strength. However, rising capital expenditur ...

Standard Motor Products, Inc. (NYSE:SMP) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET Company Participants Tony Cristello – Vice President-Investor Relations Eric Sills – Chairman and Chief Executive Officer Nathan Iles – Chief Financial Officer Conference Call Participants Scott Stember – ROTH MKM Bret Jordan – Jefferies Carolina Jolly – Gabelli Operator Good day, everyone, and welcome to the Standard Motor Products Second Quarter 2024 Earnings Call. At this time all participants are in a li ...

Standard Motor Products (SMP) posted second-quarter 2024 adjusted earnings per share (EPS) of 98 cents, which rose from 84 cents reported in the prior-year quarter and beat the Zacks Consensus Estimate of 78 cents. Total revenues rose to $389.8 million from $353.1 million reported in the second quarter of 2023. The reported figure also beat the Zacks Consensus Estimate of $366 million. Gross profit rose to $111.4 million from the year-ago quarter's $101.3 million. Operating income declined to $24.99 million ...

Standard Motor Products, Inc. 2nd Quarter 2024 Earnings Call | August 1, 2024 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $2.00 per share SMP New York Stock Exchange LLC FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITI ...

For the quarter ended June 2024, Standard Motor Products (SMP) reported revenue of $389.83 million, up 10.4% over the same period last year. EPS came in at $0.98, compared to $0.84 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $365.55 million, representing a surprise of +6.64%. The company delivered an EPS surprise of +25.64%, with the consensus EPS estimate being $0.78. While investors scrutinize revenue and earnings changes year-over-year and how they compare wi ...

Standard Motor Products (SMP) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 25.64%. A quarter ago, it was expected that this auto parts maker would post earnings of $0.40 per share when it actually produced earnings of $0.45, delivering a surprise of 12.50%. Over the last four quar ...

Exhibit 99.1 For Immediate Release For more information, contact: Anthony (Tony) Cristello Standard Motor Products, Inc. (972) 316-8107 tony.cristello@smpcorp.com Standard Motor Products, Inc. Announces Second Quarter 2024 Results and Quarterly Dividend New York, NY, August 1, 2024......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, 2024. Net sales for the second ...

NEW YORK, Aug. 1, 2024 /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, 2024. Net sales for the second quarter of 2024 were $389.8 million, compared to consolidated net sales of $353.1 million during the comparable quarter in 2023. Earnings from continuing operations for the second quarter of 2024 were $18.0 million or $0.81 per diluted share, compa ...