SMP Q3 net sales $399.3M (+3.3%), adj. EPS $1.28 (+15%); Nissens acquisition closing soon

STANDARD MOTOR PRODUCTS, INC.

2024-Q3 EPS reported $1.34 revenue$1,120,497,000

Q3 2024 net sales $399.3M vs $386.4M a year ago; adj. diluted EPS $1.28 vs $1.11 (+15%).
Adjusted EBITDA margin 12.2%, up 80 bps YoY; Vehicle Control sales +5.2%, Temperature Control +1.9%.
Nissens Automotive acquisition received final regulatory approvals; expected to close in near future.
Quarterly dividend of $0.29 per share declared, payable Dec 2, 2024 to holders of record Nov 15, 2024.
Full-year 2024 guidance unchanged: low- to mid-single digit sales growth, Adj. EBITDA 9.0-9.5%.

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