secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0001140361-24-008945
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP Q4 2023: Sales $290.8M (-5.7% YoY), adj. EPS $0.37 vs $0.69; 2024 EBITDA guidance 9.0-9.5%
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- Q4 net sales $290.8M vs $308.2M; GAAP EPS $0.32 vs $0.39; adjusted EPS $0.37 vs $0.69.
- Full-year sales $1.36B vs $1.37B; GAAP EPS $2.85 vs $3.30; adjusted EPS $2.92 vs $3.59.
- Vehicle Control sales -1.7% YoY, Temperature Control -3.8%, Engineered Solutions +4.7%.
- Inventory reduced $21.6M to $507.1M; total debt cut $83.6M to $156.2M; net leverage 1.0x.
- 2024 outlook: flat to low single-digit sales growth; adj. EBITDA 9.0-9.5%; ~$7-8M added DC costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036124008945/0001140361-24-008945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036124008945/ef20022113_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-008945

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