secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001140361-23-049860
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP Q3 2023: EPS $1.12, sales $386.4M; declares $0.29 dividend
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- Q3 net sales $386.4M (+1.3% YoY); earnings from cont. ops $24.9M ($1.12 diluted EPS).
- Adjusted EPS $1.11 vs $1.05 last year; non-GAAP operating margin 9.1% (+30 bps).
- Temperature Control sales +5.3%; Engineered Solutions +8.4%; Vehicle Control -3.4%.
- Inventory down to $479.8M from $528.7M year-end 2022; debt reduced by $75.6M in Q3.
- FY 2023 guidance: flat to low-single digit sales growth; adj. EBITDA ~9.5% of revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036123049860/0001140361-23-049860-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036123049860/ef20013189_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-049860

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