secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001140361-22-027977
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standard Motor Products Q2 sales up 5.1% to $359.4M; EPS falls to $0.93 from $1.26; lowers margin outlook
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- Net sales $359.4M (+5.1% YoY); GAAP EPS $0.93 vs $1.23; adjusted EPS $0.93 vs $1.26.
- Full-year gross margin guided to ~27% (down from prior); operating profit expected 7-8% of sales.
- Quarterly dividend of $0.27 per share; new $30M share repurchase authorization; new $500M credit facility.
- Temperature Control sales up 7.5% YoY; Engine Management up 3.7%; specialized non-aftermarket run rate $300M.
- Board reduced from 10 to 9 directors following passing of John Gethin, effective July 28, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036122027977/0001140361-22-027977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036122027977/brhc10040339_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-22-027977

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