secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001140361-21-035720
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP Q3 2021 net sales $370.3M (+7.8% YoY); EPS $1.29 vs $1.59; record YTD earnings; new buyback
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- Q3 net sales $370.3M vs $343.6M YoY; GAAP diluted EPS $1.29 vs $1.59; adjusted EPS $1.32.
- YTD net sales $988.9M (+16.9% YoY); earnings from cont ops $79.3M ($3.50/diluted share), record levels.
- Acquired Stabil (European OE sensors) on Sep 1, third acquisition in 2021; non-aftermarket sales approaching $300M run rate.
- Board authorized $30M stock repurchase plan; Q3 repurchases $15.4M; quarterly dividend $0.25/share payable Dec 1 to holders of record Nov 15.
- Gross margin compressed from cost increases in raw materials, labor, transportation; company plans to pass on costs in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036121035720/0001140361-21-035720-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036121035720/brhc10030116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-21-035720

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer