secwatch.observer — SEC 8-K summary
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Issuer:     STANDARD MOTOR PRODUCTS, INC. (SMP)
CIK:        0000093389
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001140361-24-035221
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SMP Q2 sales up 10.4% to $390M; adj EPS $0.98 vs $0.84; reaffirms Nissens acquisition
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- Q2 net sales $389.8M (+10.4% YoY); GAAP EPS $0.81; adjusted EPS $0.98 vs $0.84.
- Temperature Control sales record +28.2% YoY; Vehicle Control +2.7%; Engineered Solutions +6.1%.
- Early retirement program targets ~$10M annual savings; $2.6M severance in Q2.
- Quarterly dividend $0.29/share payable Sept 3, 2024 to holders of record Aug 15.
- Nissens acquisition for ~$388M (€360M) expected to close by end of 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93389/000114036124035221/0001140361-24-035221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93389/000114036124035221/ef20033289_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-035221

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