Standard Motor reports Q4 EPS 47c vs 37c last year

Reports Q4 revenue $343M vs $290M last year. Eric Sills, Standard Motor (SMP) Products’ Chairman and Chief Executive Officer stated, “We are pleased with our results. Sales for the quarter were up 18.1%, and up 7.8% for the full year. Excluding the impact of the recent acquisition of Nissens Automotive, sales for the quarter and year were up 5.8% and 5.1%, respectively. Adjusted diluted earnings per share were up 27% for the quarter and 8.6% for the year. On November 1st, we completed the acquisition of Nissens Automotive and during the two months ownership in 2024, the business performed in line with our expectations. We are delighted with the acquisition, and integration plans are well-underway.”