SMP Stock Recent News

Although the revenue and EPS for Standard Motor Products (SMP) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Standard Motor Products (SMP) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.84 per share a year ago.

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.

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.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Standard Motor (SMP) agrees to acquire Nissens to expand its range of powertrain-neutral products, reduce costs and increase revenues.

Creates a global leader for aftermarket parts supply with a comprehensive product offering across vehicle control and thermal control products Expands SMP's portfolio of powertrain-neutral product categories Purchase price of $388 million represents approximately 7.5x EBITDA multiple inclusive of estimated run-rate cost synergies Will 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 synergies NEW YORK , July 10, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, announced it has reached a definitive agreement to acquire 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, for approximately $388 million (€360 million) in cash fr

Standard Motor Products (SMP) reported earnings 30 days ago. What's next for the stock?

NEW YORK , May 15, 2024 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) is pleased to announce its 2023 Corporate Sustainability Report that highlights SMP's commitment to being a good corporate citizen with a focus on increasing its sustainability profile. The report provides insight into SMP's initiatives, future goals, and achievements in relation to its business, employees, communities, and other stakeholders.

Standard Motor (SMP) reports better-than-expected first-quarter 2024 results. However, the bottom line declines year over year.