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 |
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MKM Partners initiated coverage of Standard Motor with a rating of Buy and set a new price target of $62.00
First quarter net sales of $413.4 million up 24.7%, and up 4.8% excluding Nissens First quarter adjusted EBITDA margin increased 350 basis points to 10.4%Adjusted diluted earnings per share of $0.81 in the quarter increased 80% from last yearStrong North American manufacturing footprint well-positioned to help mitigate tariff impactNEW YORK, April 30, 2025 /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, 2025. Net sales for th
NEW YORK, April 25, 2025 /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, 2025, before the market opens on April 30, 2025. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, April 30, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'25 Earnings Call Earnings Webcast link. Investors may also listen to the call by
Key Takeaways Parking brake actuators are safety-critical components, and are one of the fastest-growing categories in the industryStandard® Parking Brake Actuators are 100% new, never remanufactured, and are designed to match OE performance and seamlessly integrate with electronic safety systemsStandard's Parking Brake Actuator program is the most comprehensive in the industry, offering coverage for millions of import and domestic vehiclesNEW YORK, April 14, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) continues to add to its growing Electronic Parking Brake Actuator program. Parking brake actuators are one of the fastest-growing categories in the automotive aftermarket, and Sta
Fourth quarter net sales of $343 million up 18.1%, and up 5.8% excluding Nissens Acquisition of Nissens closed in November, contributed $35.7 million of sales in the quarterNet sales for the full year of $1.46 billion, up 7.8%, and up 5.1% excluding NissensFull year adjusted EBITDA of 9.6%Adjusted diluted earnings per share of $0.47 in the quarter and $3.17 for the full year, up 27.0% and 8.6% respectivelyNEW YORK, Feb. 27, 2025 /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, 2024. Net sales
NEW YORK, Feb. 25, 2025 /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, 2024, before the market opens on February 27, 2025. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 27, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q4'24 Earnings Call Earnings Webcast link. Investors may also
NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP) is pleased to announce the launch of its all-new corporate website. The website, which includes resources for investors, has been completely redesigned in partnership with Scandia, a leading digital and web development agency. Each aspect of the site has been engineered to assist users in quickly locating information, and is fully optimized for speed and compatibility with desktop, tablet and mobile devices. Additionally, SMPcorp.com now features a powerful accessibility tool which allows users to customize their web experience sitewide to meet their needs.
NEW YORK, Feb. 3, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from twenty-nine cents per share to thirty-one cents per share, payable on March 3, 2025, to shareholders of record on February 14, 2025. View original content to download multimedia:https://www.prnewswire.com/news-releases/standard-motor-products-inc-announces-increase-in-its-quarterly-dividend-302365669.html SOURCE Standard
NEW YORK, Dec. 19, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce that it released a total of 2,367 new part numbers in 2024, including introductions from SMP's Vehicle Control and Temperature Control divisions. New coverage for late-model import and domestic vehicles was added across all powertrains, including advanced internal combustion engine (ICE), hybrid and electric. Standard's ongoing commitment to advanced internal combustion engine (ICE) technology is evident in this year's releases. The Standard® Gas Fuel Injection program expands wi
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,
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First quarter net sales of $413.4 million up 24.7%, and up 4.8% excluding Nissens First quarter adjusted EBITDA margin increased 350 basis points to 10.4%Adjusted diluted earnings per share of $0.81 in the quarter increased 80% from last yearStrong North American manufacturing footprint well-positioned to help mitigate tariff impactNEW YORK, April 30, 2025 /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, 2025. Net sales for th
NEW YORK, April 25, 2025 /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, 2025, before the market opens on April 30, 2025. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, April 30, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'25 Earnings Call Earnings Webcast link. Investors may also listen to the call by
Fourth quarter net sales of $343 million up 18.1%, and up 5.8% excluding Nissens Acquisition of Nissens closed in November, contributed $35.7 million of sales in the quarterNet sales for the full year of $1.46 billion, up 7.8%, and up 5.1% excluding NissensFull year adjusted EBITDA of 9.6%Adjusted diluted earnings per share of $0.47 in the quarter and $3.17 for the full year, up 27.0% and 8.6% respectivelyNEW YORK, Feb. 27, 2025 /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, 2024. Net sales
NEW YORK, Feb. 25, 2025 /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, 2024, before the market opens on February 27, 2025. Conference Call Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 27, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q4'24 Earnings Call Earnings Webcast link. Investors may also
NEW YORK, Feb. 3, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, announced today that its Board of Directors has approved an increase in its quarterly common stock dividend from twenty-nine cents per share to thirty-one cents per share, payable on March 3, 2025, to shareholders of record on February 14, 2025. View original content to download multimedia:https://www.prnewswire.com/news-releases/standard-motor-products-inc-announces-increase-in-its-quarterly-dividend-302365669.html SOURCE Standard
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
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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