secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K/A
Filed at:   2025-01-17T23:59:59+00:00
Accession:  0000093389-25-000003
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP completes $397M acquisition of Nissens Automotive; pro forma revenue $1.34B YTD Sep 2024
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- Purchase price €366M ($397M) after closing adjustments for Nissens Automotive, a European engine cooling and AC aftermarket company.
- Pro forma combined net sales for nine months ended Sep 30, 2024: $1.34B vs SMP standalone $1.12B; pro forma diluted EPS from continuing ops $2.98 vs $2.45.
- Acquisition financed via new $750M credit agreement with JPMorgan; borrowings include $200M USD and €100M delayed draw term loans.
- Pro forma goodwill and intangibles increase by $44M and $193M respectively; total assets rise to $1.96B from $1.35B.
- Transaction expected to be accretive; net earnings attributable to SMP for nine months pro forma $41.6M vs $29.7M historical (incl. discontinued ops loss).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000009338925000003/0000093389-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000009338925000003/smp-20241101.htm
  HTML page:      https://secwatch.observer/filing/0000093389-25-000003

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