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Stock impact report

Standard Motor Products Inc Reports Mixed 2023 Results Amid Market Softness [Yahoo! Finance]

Standard Motor Products, Inc. (SMP) 
Last standard motor products, inc. earnings: 4/29 08:30 am Check Earnings Report
US:NYSE Investor Relations: smpcorp.com/en
Company Research Source: Yahoo! Finance
Earnings : Earnings from continuing operations for Q4 stood at $7.2 million, down from $8.5 million year-over-year. Diluted EPS : Q4 diluted EPS from continuing operations fell to $0.32 compared to $0.39 in the same quarter last year. Annual Performance : Full-year net sales slightly down at $1.36 billion, with earnings from continuing operations at $63.1 million or $2.85 per diluted share. Debt Reduction : Total debt reduced by $83.6 million in 2023, ending the year with a net leverage ratio of 1.0X. Adjusted EBITDA : Full-year adjusted EBITDA finished at 9.3%, slightly below the guidance of approximately 9.5%. Warning! GuruFocus has detected 4 Warning Sign with SMP. On February 22, 2024, Standard Motor Products Inc ( NYSE:SMP ), a prominent automotive parts manufacturer and distributor, released its 8-K filing , detailing its financial results for the fourth quarter and the full year ended December 31, 2023. The company, which operates in the automotive aftermarket indu Show less Read more
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