secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001140361-24-023629
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Standard Motor Products Q1 EPS $0.44 vs $0.57 YoY; sales up 1%; reaffirms FY adj EBITDA margin 9-9.5%
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- Net sales $331.4M (+1% YoY); GAAP diluted EPS $0.44 vs $0.57; adj EPS $0.45 vs $0.61.
- Adjusted EBITDA margin 6.9% (8.8% Q1 2023); included $1.1M start-up costs for new Shawnee DC.
- Engineered Solutions sales up 4.5% to record; Vehicle Control +0.5%; Temperature Control -1.1%.
- Full-year outlook: sales flat to low single digit, adj EBITDA 9-9.5%; capex ~$25M.
- Quarterly dividend $0.29/share payable June 3; $6.1M in share repurchases YTD; $23.9M remaining.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036124023629/0001140361-24-023629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036124023629/ef20027989_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-023629

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