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Standard Motor Products (SMP)
:SMP
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.37Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 26, 2018
|% Change Since: 10.56%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
SMP demonstrated strong revenue growth and profitability improvements, particularly in the Temperature Control segment, and completed a strategic acquisition of Nissens. However, cost pressures and challenges in the Engineered Solutions segment present ongoing challenges.Company Guidance
During the Standard Motor Products (SMP) Q3 2024 earnings call, the company reported a 3.3% increase in quarterly revenue compared to the previous year, contributing to an almost 6% year-to-date growth. Notably, the Vehicle Control segment saw a 5% sales increase, while Temperature Control sales rose by nearly 2%, with year-to-date growth of about 10%. The Engineered Solutions segment experienced a modest 0.8% increase in revenue. Additionally, the company highlighted a 15% rise in adjusted diluted EPS and discussed ongoing cost reduction initiatives. SMP also shared updates on their acquisition of Nissens Automotive, emphasizing potential growth, cost reductions, and synergies. Looking ahead, SMP projected low to mid-single-digit sales growth for the full year and an adjusted EBITDA range of 9% to 9.5%.Record Sales and Growth Across Segments
Overall, SMP posted a 3.3% increase over last year's record-setting quarter, with revenue gains in all 3 operating segments. Year-to-date sales are almost 6% higher.
Strong Performance in Temperature Control
Temperature Control sales were up nearly 2% in the third quarter and almost 10% year-to-date, driven by favorable weather patterns.
Major Acquisition of Nissens
SMP has received regulatory approval to complete the acquisition of Nissens Automotive, a leading European aftermarket supplier, expected to enhance growth and cost synergies.
Improvement in Profitability
Adjusted diluted EPS increased over 15% from last year's third quarter, with ongoing profitability rebound.
New $750 Million Credit Facility
SMP entered into a new 5-year, $750 million credit facility to support the acquisition of Nissens and allow for continued growth.
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SMP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $28.42 | $33.81 | +18.97% |
| Aug 01, 2024 | $32.14 | $32.40 | +0.81% |
| May 01, 2024 | $31.24 | $31.90 | +2.11% |
| Feb 22, 2024 | $39.04 | $33.11 | -15.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Standard Motor Products (SMP) report earnings?
Standard Motor Products (SMP) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Standard Motor Products (SMP) earnings time?
Standard Motor Products (SMP) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMP EPS forecast?
SMP EPS forecast for the fiscal quarter 2024 (Q4) is 0.44.
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