---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022613"
form_type: "8-K"
ticker: "SMP"
cik: "0000093389"
company_name: "STANDARD MOTOR PRODUCTS, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T02:21:00.595600+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Standard Motor Products Q1 net sales up 1.6% to $328M, but GAAP EPS falls to $0.57; FY outlook unchanged

## Summary
- Q1 net sales $328M, up 1.6% YoY; GAAP EPS $0.57 vs $0.91; adjusted EPS $0.61 vs $0.92.
- Non-GAAP operating margin fell to 6.6% from 8.3%, driven by $5.5M increase in customer factoring expense due to higher interest rates.
- FY 2023 outlook: low single-digit sales growth, Adjusted EBITDA margin ~10% assuming current rates.
- Board declared quarterly dividend $0.29/share, payable June 1, 2023 to holders of record May 15, 2023.
- Vehicle Control sales up 4.1%; Temperature Control down 0.9%; Engineered Solutions down 2% YoY.

## SEC filing metadata
- accession: 0001140361-23-022613
- form_type: 8-K
- ticker: SMP
- cik: 0000093389
- company_name: STANDARD MOTOR PRODUCTS, INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93389/000114036123022613/0001140361-23-022613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93389/000114036123022613/brhc20052369_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022613
- JSON: https://secwatch.observer/filing/0001140361-23-022613.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022613.txt

## Key facts
- Earnings Releases
  STANDARD MOTOR PRODUCTS, INC. reported the three months ended March 31, 2023 results: revenue $328.0 million, net income $12.7 million, EPS $0.57 per diluted share. Guidance reaffirmed.
  - Period: the three months ended March 31, 2023
  - Revenue: $328.0 million
  - Net income: $12.7 million
  - EPS: $0.57 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2023. Net sales for the first quarter of 2023 were $328.0 million, compared to consolidated net sales of $322.8 million during the comparable quarter in 2022. Earnings from continuing operations for the first quarter of 2023 were $12.7 million or $0.57 per diluted share, compared to $20.6 million or $0.91 per diluted share in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/93389/000114036123022613/0001140361-23-022613-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.