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Standard Motor Products (SMP) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-30 15:00
For the quarter ended March 2025, Standard Motor Products (SMP) reported revenue of $413.38 million, up 24.7% over the same period last year. EPS came in at $0.81, compared to $0.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $394.22 million, representing a surprise of +4.86%. The company delivered an EPS surprise of +84.09%, with the consensus EPS estimate being $0.44.While investors closely watch year-over-year changes in headline numbers -- revenue and earning ...
SMP(SMP) - 2025 Q1 - Earnings Call Transcript
2025-04-30 15:00
Financial Data and Key Metrics Changes - Company reported nearly 25% increase in sales for Q1 2025, with a 5% increase excluding the Nissens acquisition [5][6] - EBITDA increased by $20 million, with a 350 basis point lift in EBITDA margin [6] - Consolidated net sales increased by 24.7%, and adjusted EBITDA margin rose to 10.4% of net sales [26] Business Line Data and Key Metrics Changes - Vehicle Control segment saw a 3.7% increase in sales, continuing a growth trend [7][23] - Temperature Control segment experienced a 24.1% increase in sales, driven by strong preseason orders [9][23] - Engineered Solutions segment sales decreased by 11.2%, but adjusted EBITDA improved to 9.7% due to favorable customer and product mix [10][24] - Nissens contributed $66.2 million in net sales and $11.5 million in adjusted EBITDA, exceeding expectations [25] Market Data and Key Metrics Changes - North America remains a strong market, with favorable macro trends supporting aftermarket demand [8][15] - U.S. sales now represent about 70% of total sales, down from 90% a few years ago, indicating geographic diversification [20] Company Strategy and Development Direction - Company focuses on maintaining a North American manufacturing footprint to mitigate tariff impacts [15][17] - Integration of Nissens is expected to yield significant synergies and enhance market position [14][33] - Emphasis on operational excellence and cost reduction programs to navigate economic challenges [31][33] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating the uncertain economic climate, citing the resilience of the aftermarket industry [30][31] - Tariffs are expected to introduce some inflation, but demand for nondiscretionary parts is anticipated to remain stable [31][32] - Full-year guidance for 2025 remains unchanged, expecting mid-teens percentage growth in net sales [28][29] Other Important Information - Cash used in operations increased to $60.2 million due to higher accounts receivable and inventory balances [26] - Capital expenditures for the quarter were $9.1 million, including investments in a new distribution center [27] Q&A Session Summary Question: POS and Vehicle Control performance - Management confirmed low single-digit gains in POS for Vehicle Control in Q1, following a flat trend last year [40][41] Question: Impact of tariffs on aftermarket - Management indicated that recent tariff announcements are expected to have minimal impact, primarily affecting OEMs [42] Question: Nissens growth and integration - Nissens continues to show growth in the European market, with integration efforts ongoing but no immediate financial impact [43][44] Question: Competitive positioning in tariff environment - Company believes its North American footprint provides a structural advantage over competitors [52] Question: European aftermarket trends - Similar trends observed in Europe, with hard failure items outperforming in the aftermarket [53] Question: Inventory management and tariff anticipation - No evidence of pull-forward orders due to tariffs; preseason orders for Temperature Control were front-loaded [54] Question: Retailers' response to tariff pricing - Management is in negotiations with retailers to share tariff costs, expecting a fair process [56][57] Question: Current impact of tariffs in Q1 - No significant impact from new tariffs observed in Q1 numbers, with cost impacts expected later in the year [62] Question: Strength of Q1 performance - Q1 performance was strong, but management maintains guidance due to potential uncertainties ahead [64]
Standard Motor Products (SMP) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-30 14:45
Standard Motor Products (SMP) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 84.09%. A quarter ago, it was expected that this auto parts maker would post earnings of $0.37 per share when it actually produced earnings of $0.47, delivering a surprise of 27.03%.Over the last four quarte ...
SMP(SMP) - 2025 Q1 - Quarterly Results
2025-04-30 13:45
Exhibit 99.1 For Immediate Release For more information, contact: Anthony (Tony) Cristello Standard Motor Products, Inc. (972) 316-8107 investors@smpcorp.com Standard Motor Products, Inc. Releases First Quarter 2025 Results and Quarterly Dividend New York, NY, April 30, 2025......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 the first quarter of 202 ...
Standard Motor Products, Inc. Releases First Quarter 2025 Results and Quarterly Dividend
Prnewswire· 2025-04-30 12:30
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 year Strong 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 f ...
Standard Motor Products Expands Parking Brake Actuator Program
Prnewswire· 2025-04-14 18:25
Core Insights - Standard Motor Products, Inc. (SMP) is expanding its Electronic Parking Brake Actuator program, which is one of the fastest-growing categories in the automotive aftermarket [2][4] - The company offers industry-leading coverage for both import and domestic vehicles, ensuring comprehensive support for a wide range of applications [5][8] Industry Overview - Electronic parking brake actuators have replaced manually operated cable parking brakes in almost all new vehicles, becoming integral to modern electronic safety systems [4][8] - The demand for parking brake actuators is increasing, reflecting a broader trend in the automotive aftermarket towards electronic components [3][8] Product Details - Standard® Parking Brake Actuators are 100% new, never remanufactured, and designed to match original equipment (OE) performance, ensuring seamless integration with electronic safety systems [4][8] - The actuators feature a plug-and-play design, requiring no additional programming during installation, and many include necessary components for a complete repair [4][6] Recent Developments - SMP has introduced new coverage for millions of late-model vehicles, including popular models from Ford, Jeep, Mercedes-Benz, Subaru, Mazda, Audi, Volkswagen, and General Motors [5][6] - The company is providing distribution partners with training, marketing materials, and insights to leverage the growth in the parking brake actuator category [6][8] Company Background - Standard Motor Products, Inc. has over 100 years of experience in the automotive aftermarket, manufacturing and distributing premium replacement parts [8][9] - The company serves a diverse range of markets, including retailers, warehouse distributors, and original equipment manufacturers across multiple regions [9]
Standard Motor Products (SMP) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-04-14 17:00
Standard Motor Products (SMP) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...
After Plunging -17.48% in 4 Weeks, Here's Why the Trend Might Reverse for Standard Motor Products (SMP)
ZACKS· 2025-04-14 14:35
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 ...
Down -16.88% in 4 Weeks, Here's Why Standard Motor Products (SMP) Looks Ripe for a Turnaround
ZACKS· 2025-03-26 14:35
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 ...
Standard Motor Products: Buying The Dip Is Difficult To Resist
Seeking Alpha· 2025-03-24 08:33
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