SMP
Standard Motor Products, Inc.38.35
+0.08+0.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
843.67MP/E (TTM)
12.49Basic EPS (TTM)
3.07Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2025 results
Standard Motor Products posted solid Q2 FY2025 results, with net sales jumping 26.7% year-over-year to $493.9 million, fueled by the Nissens Automotive acquisition adding $90.5 million while legacy segments grew 5-6% on steady aftermarket demand. Gross margins expanded to 30.6% from 28.6%, thanks to better volume absorption and cost controls, though tariffs nipped at Vehicle Control's edges; operating income rose 71.4% to $42.8 million (derived), lifting diluted EPS from continuing operations to $1.17 from $0.81. The Nissens deal, closed November 2024 for €366.8 million in cash, recognized $256.3 million goodwill and $221.0 million customer relationships intangibles amortized over finite lives. Cash stood at $58.8 million with $128.4 million revolver availability, but free cash flow stayed negative at $(25.2) million (derived) amid working capital strains; total debt climbed to $636.6 million at 5% rates maturing through 2029. Nissens bolsters European reach, yet asbestos claims linger as a persistent drag.
8-K
SMP boosts Q2 sales 26.7%
Standard Motor Products crushed Q2 2025 with net sales hitting $493.9 million, up 26.7% year-over-year, though just 3.5% excluding Nissens acquisition. Adjusted EBITDA margin swelled 190 basis points to 12.0%, fueled by Nissens' 18.0% margin and North American aftermarket gains, while Engineered Solutions dipped 8.3%. Sales soared. The company hiked full-year sales guidance to low-20s percent growth, reaffirming 10-11% EBITDA margins amid tariff offsets via pricing and sourcing shifts.
8-K
Shareholders approve incentive plan
Standard Motor Products shareholders approved the 2025 Omnibus Incentive Plan on May 15, 2025, authorizing up to 1,050,000 shares for equity awards like options and restricted stock units, effective immediately through 2035. All eight director nominees won election with strong support, averaging over 97% votes for, while ratifying KPMG as auditors and endorsing executive pay on advisory votes. This bolsters talent retention amid competitive pressures.
8-K
Q1 sales up 24.7%
Standard Motor Products kicked off 2025 with net sales surging 24.7% to $413.4 million, fueled by the Nissens acquisition adding $66.2 million, while organic growth hit 4.8%. Adjusted EBITDA margin jumped 350 basis points to 10.4%, lifting adjusted EPS 80% to $0.81, thanks to Nissens' 17.3% margin and cost controls. Nissens integration promises $8-12 million in synergies within 24 months. Tariffs loom, but North American manufacturing shields much of the impact.
10-Q
Q1 FY2025 results
Standard Motor Products kicked off 2025 with net sales of $413.4 million, up 24.7% year-over-year, fueled by the Nissens Automotive acquisition adding $66.2 million while Vehicle Control and Temperature Control grew 3.7% and 24.1%, respectively; Engineered Solutions dipped 11.2% amid softer demand. Gross margins expanded to 30.2% from 27%, thanks to higher volumes and cost controls, lifting operating income 67.3% to $24.5 million and diluted EPS from continuing operations to $0.61 from $0.44. The Nissens deal, closed November 2024 for $397.1 million in cash, recognized $246.1 million goodwill and boosted European exposure. Cash stood at $50.3 million with $108.5 million revolver availability, though net cash used in operations hit $60.2 million from working capital swings; total debt rose to $650.6 million at 5.4% effective rate. Free cash flow not disclosed in the 10-Q. Yet tariffs loom large.
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