Standard Motor Products Sees FY24 Sales Growth Flat To Low Single Digits; EBITDA 9.0%-9.5%
$SMP
Auto Parts:O.E.M.
Consumer Discretionary
Standard Motor Products Sees FY24 Sales Growth Flat To Low Single Digits; EBITDA 9.0%-9.5%
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2022 | $62.00 | Buy | MKM Partners |
8-K - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
10-Q - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
8-K - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Filer)
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
4 - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Issuer)
4 - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Issuer)
4 - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Issuer)
SC 13G - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
SC 13D - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
SC 13G/A - STANDARD MOTOR PRODUCTS, INC. (0000093389) (Subject)
MKM Partners initiated coverage of Standard Motor with a rating of Buy and set a new price target of $62.00
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
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.
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