Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The Engine Management segment offers components for the ignition, electrical, emissions, fuel and safety-related systems of motor vehicles under the Standard, SMP Blue Streak, Intermotor, Standard Diesel, BWD Select, BWD, OEM, TechSmart, Tech Expert, GP Sorensen, LockSmart, and Pollak brand names, as well as under private labels comprising NAPA Echlin and NAPA Belden. This segment's products include electronic ignition control modules, camshaft and crankshaft position sensors, distributor caps, rotors, ignition wires and coils, switches and relays, EGR valves and variable valve timing components, mass airflow and fuel pressure sensors, and new and remanufactured diesel injectors and pumps, as well as anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. The Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, EVERCO, ACI, Hayden, Pro Source, and Factory Air brands. It provides air conditioning compressors, air conditioning repair kits, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, hose assemblies, thermal expansion devices, heater valves and cores, A/C service tools and chemicals, fan assemblies and clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company sells its products primarily to automotive aftermarket retailers, program distribution groups, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Mexico, Europe, Asia, and other Latin American countries. Standard Motor Products, Inc. was founded in 1919 and is headquartered in Long Island City, New York.
IPO Year:
Exchange: NYSE
Website: smpcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2022 | $62.00 | Buy | MKM Partners |
MKM Partners initiated coverage of Standard Motor with a rating of Buy and set a new price target of $62.00
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Net Sales of $399.3M, up 3.3%, with all three operating segments showing increasesAdjusted diluted earnings per share of $1.28, up 15%Adjusted EBITDA up 80 basis points to 12.2%Nissens Automotive acquisition expected to close in near future Full year guidance remains unchangedNEW YORK, Oct. 30, 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 nine months ended September 30, 2024. Net sales for the third quarter of 2024 were $399.3 million,
NEW YORK, Oct. 25, 2024 /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, 2024, on Wednesday, October 30, 2024, 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 Wednesday, October 30, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP 3Q 2
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, compared to $18.4 million or $0.83 per diluted share in the second quarter o
NEW YORK, July 29, 2024 /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, 2024, on Thursday, August 1, 2024, 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 Thursday, August 1, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP 2Q 2024 Earnings
Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control productsExpands SMP's portfolio of powertrain-neutral product categoriesPurchase price of $388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergiesWill be immediately and meaningfully accretive in the first full year of the transaction $8-12M in estimated run-rate cost synergies within 24 months, with additional opportunity for meaningful revenue synergiesNEW YORK, July 10, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced it has reac
NEW YORK, May 10, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is proud to announce that its subsidiary, Trombetta®, has been recognized by Waytek as an outstanding supplier whose products have experienced exceptional growth in sales. Trombetta® is a key brand in SMP's Engineered Solutions segment, offering custom-engineered products for both on-highway and off-highway applications, in the heavy truck, construction, agricultural, electric vehicle and power sports markets. Waytek, Inc., a leading electrical components distributor, presented Trombetta® with its Outst
NEW YORK, May 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 months ended March 31, 2024. Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Exclu
NEW YORK, April 29, 2024 /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, 2024, on Wednesday, May 1, 2024, before the market opening of the stock market. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, May 1, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP Q1 2024 Earnings Webcast li
NEW YORK, Feb. 22, 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 twelve months ended December 31, 2023. Net sales for the fourth quarter of 2023 were $290.8 million, compared to consolidated net sales of $308.2 million during the same quarter in 2022. Earnings from continuing operations for the fourth quarter of 2023 were $7.2 million or $0.32 per diluted share, compared to $8.5 million or $0.39 per diluted share in the fourth quarter of
NEW YORK, Feb. 20, 2024 /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 twelve months ended December 31, 2023, before the market opens on Thursday, February 22, 2024. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 22, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP Q4'23 Earnings Call
NEW YORK, April 19, 2023 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is proud to announce the publication of its third Corporate Sustainability Report that highlights SMP's continued commitment to being environmentally and socially responsible. It also provides insights into SMP's initiatives, future goals, and achievements in relation to its business, employees, communities and the planet. SMP's 2022 Corporate Sustainability Report highlights a continued commitment to environmental and social responsibility.Eric Sills, Chief Executive Officer of SMP, stated, "On beha
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. In connection with the addition of Mr. Capparelli, the Board of Directors increased the size of the Board from ten to
Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., Bring Significant Technology, Distribution, Consumer Brand and Human Resources Expertise Food solutions company SpartanNash (the "Company") (NASDAQ:SPTN) today announced that, following a comprehensive board refreshment process, three new independent directors, Julien Mininberg, Jaymin Patel and Pamela Puryear, Ph.D., have been appointed to the Company's Board of Directors (the "Board"), effective immediately. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220207005303/en/Julien Mininberg (Photo: Business Wire) "Since last summer, our Board has undertaken a deliberate and
NEW YORK, Dec. 15, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that Pamela Puryear, Ph.D., has been appointed as an independent director to the Company's Board of Directors. Dr. Puryear will serve as a member of the Audit Committee, Compensation and Management Development Committee, Nominating and Corporate Governance Committee, and Strategic Planning Committee. In connection with the addition of Dr. Puryear, the Board of Directors increased the size of the Board from nine to ten dire
NEW YORK, Nov. 1, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that Anthony Cristello has been named the Vice President of Investor Relations for the Company. Mr. Cristello will be responsible for the planning and management of the Company's global investor relations and corporate communications activities. In doing so, Mr. Cristello will continuously monitor and enhance the Company's corporate messaging strategy to its investors and the financial community, provide targets for outreach, report on industry trends and new regulations, and support the executive team with business development and governm
NEW YORK, Nov. 1, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, today announced the completion of the previously-announced acquisition of AX V Nissens III APS ("Nissens"), a leading European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies. Under the terms of the agreement, SMP has acquired all the issued and outstanding shares of Nissens for approximately $390 million (€360 million), net of cash and assumed debt and subject to post-closing adjustments, from Nordic private equity firm Axcel and the Nissen family.
Net Sales of $399.3M, up 3.3%, with all three operating segments showing increasesAdjusted diluted earnings per share of $1.28, up 15%Adjusted EBITDA up 80 basis points to 12.2%Nissens Automotive acquisition expected to close in near future Full year guidance remains unchangedNEW YORK, Oct. 30, 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 nine months ended September 30, 2024. Net sales for the third quarter of 2024 were $399.3 million,
GREENWICH, Conn., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
NEW YORK, Oct. 25, 2024 /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, 2024, on Wednesday, October 30, 2024, 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 Wednesday, October 30, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP 3Q 2
GREENWICH, Conn., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
GREENWICH, Conn., Oct. 07, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds will host its 48th Annual Automotive Symposium on November 4th and 5th, 2024 at the Encore at Wynn in Las Vegas, Nevada. This two-day symposium will feature presentations by senior managements of leading automotive and trucking companies, with a lineup that enables investors to understand ever-changing dynamics within the automotive industry. Presenting attendees, which include original equipment suppliers, automotive retailers, aftermarket service participants and next-gen tech companies driving vehicle electrification will provide a "cradle to grave" look at the automotive ecosystem and help investors understand "What's N
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 rate swap agreements to fix the interest rate on approximately $200 million of borrowings.
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, compared to $18.4 million or $0.83 per diluted share in the second quarter o
NEW YORK, July 29, 2024 /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, 2024, on Thursday, August 1, 2024, 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 Thursday, August 1, 2024. This call will be webcast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP 2Q 2024 Earnings
NEW YORK, July 16, 2024 /PRNewswire/ -- Following the recent honor of being named a U.S. News and World Report Best Company to Work For in June, Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, has been certified as a Most Loved Workplace® by the Best Practice Institute. Most Loved Workplaces® certify companies where employees are the happiest and most satisfied at work based on its scores on the Love of Workplace Index™. In order to be certified, The Love of Workplace Index™ surveys company employees on various categories with
Nissens has annual revenues of approximately $260 million with a mid-teens EBITDA margin rate.
Roth MKM analyst Scott Stember reiterates Standard Motor Products (NYSE:SMP) with a Buy and maintains $42 price target.
Standard Motor Products (NYSE:SMP) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.37 by 21.62 percent. This is a 26.23 percent decrease over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $331.40 million which beat the analyst consensus estimate of $321.84 million by 2.97 percent. This is a 1.03 percent increase over sales of $328.03 million the same period last year.
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Standard Motor Products, Inc. (NYSE:SMP) On Feb. 22, Standard Motor Products reported worse-than-expected fourth-quart
The most oversold stocks in the consumer discretionary sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Arko Corp. (NASDAQ:ARKO) On Feb. 27, ARKO reported worse-than-expected fourth-quarter revenue results and issued FY24
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