Standard Motor Products Q3 Profit From Cont. Ops. Rises; Updates 2025 Guidance

Financial Performance - Standard Motor Products, Inc. (SMP) reported third quarter earnings from continuing operations of $29.8 million or $1.32 per share, an increase from $26.6 million or $1.20 per share a year ago [1] - Excluding items, earnings from continuing operations for the third quarter were $30.6 million or $1.36 per share, compared to $28.3 million or $1.28 per share in the previous year [1] - Analysts had expected the company to report a profit per share of $1.13 for the quarter, indicating that the actual results exceeded expectations [1] Sales and Guidance - Net sales for the third quarter were $498.8 million, up from consolidated net sales of $399.3 million last year [2] - The company increased its full year sales growth guidance to the low-to-mid 20's percent range, up from the prior guidance of low 20's percent range [2] - The adjusted EBITDA margin outlook was tightened to 10.5% - 11%, from a prior range of 10% - 11% [2]