secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001140361-22-017418
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standard Motor Products Q1 net sales up 17% to $322.8M; EPS down to $0.91 diluted; declares $0.27 dividend
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- Net sales $322.8M (+16.7% YoY); GAAP EPS $0.91 diluted vs $0.97 in Q1 2021; adjusted EPS $0.92.
- Operating margin 8.3% (down from 10.6%) due to lower gross margins from inflation and supply chain costs.
- Temperature Control sales up 30% YoY; Engine Management up 13% including acquisitions.
- Board declared $0.27/share quarterly dividend payable June 1, 2022; repurchased $6.9M shares in Q1.
- CEO expects full-year consolidated gross margin in 28-29% range; plans more pricing actions to offset inflation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036122017418/0001140361-22-017418-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036122017418/brhc10037103_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-017418

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