{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-037517","form_type":"8-K","ticker":"SMP","cik":"0000093389","company_name":"STANDARD MOTOR PRODUCTS, INC.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.082203+00:00","generated_at":"2026-06-12T16:19:08.277518+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SMP Q2 net sales down 1.8% to $353.1M; adj EPS falls to $0.84 from $0.93; FY adj EBITDA guidance cut to ~9.5%","bullets":["Q2 net sales $353.1M (-1.8% YoY); GAAP EPS $0.83, adjusted EPS $0.84 (both down from $0.93).","Vehicle Control sales -1.1%, Temperature Control -8.1%, Engineered Solutions +6.2%; Temp Control op margin down 390bps.","FY 2023 adjusted EBITDA guidance lowered to ~9.5% of revenue from ~10%; customer factoring expense $48-50M.","Inventory reduced to $499.1M from $528.7M (year-end); total debt $223.2M, paid down $50M in Q2.","Recorded $11M charge from breach-of-contract lawsuit on discontinued operation; judgment pending."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-037517","json":"https://secwatch.observer/filing/0001140361-23-037517.json","markdown":"https://secwatch.observer/filing/0001140361-23-037517.md","text":"https://secwatch.observer/filing/0001140361-23-037517.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/93389/000114036123037517/0001140361-23-037517-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/93389/000114036123037517/brhc20056735_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T16:19:08.277518+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b0739649f67ec69c0dd4c8cc8dec02b5a13dc94","claim":"STANDARD MOTOR PRODUCTS, INC. reported the second quarter of 2023 results: revenue $353.1 million, net income $18.4 million, EPS $0.83 per diluted share. Guidance lowered.","evidence_excerpt":"Net sales for the second quarter of 2023 were $353.1 million, compared to consolidated net sales of $359.4 million during the comparable quarter in 2022. Earnings from continuing operations for the second quarter of 2023 were $18.4 million or $0.83 per diluted share, compared to $20.8 million or $0.93 per diluted share in the second quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/93389/000114036123037517/0001140361-23-037517-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2023"},{"label":"Revenue","value":"$353.1 million"},{"label":"Net income","value":"$18.4 million"},{"label":"EPS","value":"$0.83 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d2e8e517ef8799b2970c6c8cda89128ed0b570f9","claim":"STANDARD MOTOR PRODUCTS, INC. reported the six months ended June 30, 2023 results: revenue $681.1 million, net income $31.1 million, EPS $1.40 per diluted share. Guidance lowered.","evidence_excerpt":"Consolidated net sales for the six months ended June 30, 2023, were $681.1 million, compared to consolidated net sales of $682.2 million during the comparable period in 2022. Earnings from continuing operations for the six months ended June 30, 2023, were $31.1 million or $1.40 per diluted share, compared to $41.4 million or $1.85 per diluted share in the comparable period of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/93389/000114036123037517/0001140361-23-037517-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended June 30, 2023"},{"label":"Revenue","value":"$681.1 million"},{"label":"Net income","value":"$31.1 million"},{"label":"EPS","value":"$1.40 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}