earnings
confidence high
sentiment positive
materiality 0.75
SMP Q4 sales up 18.1% to $343M; adj EPS $0.47 (+27%); Nissens contributes $35.7M
STANDARD MOTOR PRODUCTS, INC.
2024-FY EPS reported
$1.24
revenue$1,463,849,000
- FY 2024 net sales $1.46B (+7.8%); adj diluted EPS $3.17 (+8.6%); adj EBITDA 9.6%.
- Nissens acquisition closed Nov 1; contributed $35.7M in Q4; integration underway.
- Q4 Vehicle Control sales +4.9%; Temperature Control +30%; Engineered Solutions -7.9%.
- Board increases quarterly dividend to $0.31/share; payable Mar 3, 2025.
- 2025 guidance: mid-teens sales growth; adj EBITDA 10.0-11.0%; no tariff impact assumed.