Overview

* Standard Motor Products ( SMP ) Q3 sales up 24.9% yr/yr but missed analyst expectations

* Adjusted EPS for Q3 increased 6.3% yr/yr to $1.36

* Company raises full-year sales growth guidance to low-to-mid 20s percent range

Outlook

* Standard Motor Products ( SMP ) raises full-year sales growth guidance to low-to-mid 20s percent

* Company tightens adjusted EBITDA margin outlook to 10.5% - 11%

* Company expects tariff cost offsets to continue through pricing adjustments

Result Drivers

* NISSENS CONTRIBUTION - Nissens added $84.5 mln to Q3 sales, supporting overall growth

* TEMPERATURE CONTROL GROWTH - Temperature Control sales rose 14.8% due to early pre-season orders and market share gains

* VEHICLE CONTROL DECLINE - Vehicle Control sales fell 1.6% due to softness in the wire category

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales Miss $498.84 $503.32

mln mln (3

Analysts

)

Q3 Net -$4.17

Income mln

Q3 Gross $161.79

Profit mln

Q3 $47.63

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Standard Motor Products Inc ( SMP ) is $45.00, about 13.2% above its October 30 closing price of $39.05

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)