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Standard Motor Products (SMP)

With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium automotive replacement parts. SMP supplies independent professional technicians and do-it-yourselfers with high quality replacement parts for engine management, ignition, emissions, fuel and safety-related systems, as well as temperature control products for domestic and import cars and light trucks. SMP® products are sold worldwide through both traditional and non- traditional distribution channels.

Company profile

Ticker
SMP
Exchange
NYSE
Website
www.smpcorp.com
CEO
Eric Sills
Employees
Incorporated
New York
Location
New York
Fiscal year end
Dec 31
Sector
Manufacturing > Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Industry (SIC)
Motor Vehicle Parts & Accessories
Icahn Enterprises • Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Dana • Allison Transmission ...
Former names
STANDARD MOTOR PRODUCTS INC
SEC CIK
0000093389
Corporate docs
Subsidiaries
SMP Automotive de Mexico, S.A. de C.V. • SMP Engine Management de Mexico • SMP Four Seasons de Mexico • SMP Motor Products Limited • STABIL ELEKTROTECHNIK GmbH • STABIL PRODUKT Elektrotechnikai Kft. • STABIL VERBINDUNGSTECHNIK GmbH • Standard Motor Products de Mexico • Standard Motor Products (Hong Kong) Limited • Trumpet Holdings, Inc. ...
IRS number
111362020

SMP stock data

News

From Benzinga Pro
12 Consumer Discretionary Stocks Moving In Wednesday's Intraday Session
3 Aug 22
Standard Motor Products: Q2 Earnings Insights
3 Aug 22
Standard Motor Products (NYSE:SMP) reported its Q2 earnings results on Wednesday, August 3, 2022 at 08:00 AM. Here's what investors need to know about the announcement.
Standard Motor Products Q2 EPS $0.93 Misses $1.18 Estimate, Sales $359.40M Beat $356.59M Estimate
3 Aug 22
Standard Motor Products (NYSE:SMP) reported quarterly earnings of $0.93 per share which missed the analyst consensus estimate of $1.18 by 21.19 percent. This is a 26.19 percent decrease over earnings of $1.26 per share
Earnings Scheduled For August 3, 2022
3 Aug 22
Standard Motor Products's Earnings Outlook
2 Aug 22

Press releases

From Benzinga Pro
Standard Motor Products, Inc. Announces Second Quarter 2022 Results and Quarterly Dividend
3 Aug 22
NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and six months
Standard Motor Products, Inc. Announces Second Quarter 2022 Earnings Conference Call
1 Aug 22
NEW YORK, Aug. 1, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE:SMP), a leading automotive parts manufacturer and distributor, is scheduled to report its earnings for the three months and six months ended June
Standard Motor Products Releases 832 New Part Numbers in First Half of 2022
28 Jul 22
NEW YORK, July 28, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (SMP) has released a total 832 new part numbers during the first half of 2022 for its Standard® and Standard® Import brands. SMP continues
Standard Motor Products Introduces 119 New Part Numbers
29 Jun 22
Standard Motor Products, Inc. Announces the Passing of Director John Gethin
27 Jun 22

Analyst ratings and price targets

Last 3 months
MKM Partners
Initiated
Buy
$62.00
10 Jun 22

Calendar

4 Aug 22
19 Aug 22
31 Dec 22

Financial summary

Financial statements Chart SMP financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 14.19M 14.19M 14.19M 14.19M 14.19M 14.19M
Cash burn (monthly) 1.94M 1.11M (no burn) (no burn) (no burn) 2.74M
Cash used (since last report) 3.26M 1.86M n/a n/a n/a 4.61M
Cash remaining 10.93M 12.33M n/a n/a n/a 9.57M
Runway (months of cash) 5.6 11.1 n/a n/a n/a 3.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

SMP insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Aug 22 Lawrence I Sills Common Stock Buy Acquire P No No 38.14 780 29.75K 671,133
3 Aug 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 44.99 291 13.09K 680,767
3 Aug 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 42.61 44 1.87K 681,058
3 Aug 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 41.69 191 7.96K 681,102
3 Aug 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 40.93 1,686 69.01K 681,293
3 Aug 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 40.09 3,833 153.66K 682,979
28 Jun 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 45.08 3,437 154.94K 686,812
28 Jun 22 Sills Peter J Common Stock Sell Dispose S Yes Yes 46.07 2,213 101.95K 690,249
23 May 22 Thomas Tesoro Common Stock Sell Dispose S No No 38.07 3,000 114.21K 15,883
19 May 22 Lieberman Pamela Forbes Common Stock Grant Acquire A No No 0 2,650 0 46,617
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

SMP institutional ownership history Ownership history
13F holders Current Prev Q Change
Total holders 169 188 -10.1%
Opened positions 17 19 -10.5%
Closed positions 36 27 +33.3%
Increased positions 50 68 -26.5%
Reduced positions 71 70 +1.4%
13F shares Current Prev Q Change
Total value 738.09M 727.69M +1.4%
Total shares 16.38M 16.87M -2.9%
Total puts 5.3K 0 NEW
Total calls 7.9K 0 NEW
Total put/call ratio 0.7 – –
Largest owners Shares Value Change
BLK Blackrock 3.24M $145.81M -0.9%
Royce & Associates 1.45M $65.25M +2.5%
Vanguard 1.36M $60.96M -2.2%
Dimensional Fund Advisors 1.26M $56.8M +3.3%
William Blair Investment Management 1.07M $48.35M -2.5%
STT State Street 800.52K $36.02M +0.6%
IVZ Invesco 377.4K $16.98M +32.1%
NTRS Northern Trust 369.5K $16.62M -0.9%
Geode Capital Management 344.13K $15.48M -0.4%
Victory Capital Management 324.95K $14.62M +1.0%
Largest transactions Shares Bought/sold Change
Wasatch Advisors 0 -630.11K EXIT
Seizert Capital Partners 0 -111.71K EXIT
IVZ Invesco 377.4K +91.8K +32.1%
Foundry Partners 80.63K +80.63K NEW
Citadel Advisors 115.17K +77.85K +208.6%
Deprince Race & Zollo 76.72K +76.72K NEW
Allianz Asset Management GmbH 134.97K +71.11K +111.3%
AMP Ameriprise Financial 256.77K +67.34K +35.5%
Parametric Portfolio Associates 0 -62.55K EXIT
Cooper Creek Partners Management 62.35K +62.35K NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Dorman Products • Visteon • Denso • Aptiv • Delphi Technologies
Risks
  • Disruptions in the supply of raw materials, manufactured components, or equipment could materially and adversely affect our operations and cause us to incur significant cost increases.
  • Our operations could be adversely affected by interruptions or breaches in the security of our computer and information technology systems.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: AOCI, classification, collateral, comprehensive, Concurrently, corroborated, counterparty, country, creation, EBITDA, enjoying, entirety, entry, exceed, Fargo, foregoing, forma, formally, frequently, gain, Guarantor, healthy, identical, ii, incurrence, instrument, July, lender, Lien, month, monthly, notional, observable, obtain, obtained, occasionally, owing, perfected, POS, prepayment, prime, pro, refinancing, repay, request, Sterling, strength, swingline, thereof, transaction, unadjusted, unlimited, unobservable, unrecognized, upward, voluntary
Removed: April, assessment, borrow, confident, final, finalization, floating, formula, import, instance, marketplace, met, occurring, past, permissible, requiring, rolling, sourced, tariff
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
4 Aug 22
10-Q
2022 Q1
Quarterly report
4 May 22
10-K
2021 FY
Annual report
23 Feb 22
10-Q
2021 Q3
Quarterly report
29 Oct 21
10-Q
2021 Q2
Quarterly report
5 Aug 21
10-Q
2021 Q1
Quarterly report
6 May 21
10-K
2020 FY
Annual report
24 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
Current reports
View all
8-K
Standard Motor Products, Inc. Announces Second Quarter 2022 Results and Quarterly Dividend
3 Aug 22
8-K
Standard Motor Products, Inc. Announces New $500 Million Credit Facility
2 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Standard Motor Products, Inc. Announces First Quarter 2022 Results and a Quarterly Dividend
3 May 22
8-K
Standard Motor Products, Inc. Announces Appointment of New Director
5 Apr 22
8-K
Entry into a Material Definitive Agreement
10 Mar 22
8-K
Standard Motor Products, Inc. Announces Fourth Quarter and 2021 Year-End Results
22 Feb 22
8-K
Standard Motor Products, Inc. Announces Increase in its Quarterly Dividend
1 Feb 22
8-K
Standard Motor Products, Inc. Announces Appointment of New Director
15 Dec 21
8-K
Standard Motor Products, Inc. Announces Third Quarter 2021 Results, New Stock Repurchase Program and a Quarterly Dividend
28 Oct 21
Registration and prospectus
View all
S-8
Registration of securities for employees
21 May 21
S-8
Registration of securities for employees
18 May 16
S-8
Registration of securities for employees
18 May 11
424B2
Prospectus for primary offering
29 Oct 09
424B5
Prospectus supplement for primary offering
26 Oct 09
S-3/A
Shelf registration (amended)
4 Oct 09
S-3
Shelf registration
5 Aug 09
SC TO-I/A
Issuer tender offer statement (amended)
5 May 09
SC TO-I/A
Issuer tender offer statement (amended)
20 Apr 09
SC TO-I/A
Issuer tender offer statement (amended)
7 Apr 09
Proxies
View all
DEF 14A
Definitive proxy
19 Apr 22
DEFA14A
Additional proxy soliciting materials
30 Apr 21
DEF 14A
Definitive proxy
21 Apr 21
DEFA14A
Additional proxy soliciting materials
13 May 20
DEF 14A
Definitive proxy
17 Apr 20
DEF 14A
Definitive proxy
16 Apr 19
DEF 14A
Definitive proxy
16 Apr 18
DEF 14A
Definitive proxy
17 Apr 17
DEF 14A
Definitive proxy
18 Apr 16
DEF 14A
Definitive proxy
13 Apr 15
Other
View all
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
UPLOAD
Letter from SEC
24 Sep 17
CORRESP
Correspondence with SEC
12 Sep 17
UPLOAD
Letter from SEC
31 Aug 17
SD
Conflict minerals disclosure
29 May 17
SD
Conflict minerals disclosure
30 May 16
Ownership
View all
4
STANDARD MOTOR PRODUCTS / LAWRENCE I SILLS ownership change
8 Aug 22
4
STANDARD MOTOR PRODUCTS / PETER J SILLS ownership change
4 Aug 22
4
STANDARD MOTOR PRODUCTS / PETER J SILLS ownership change
30 Jun 22
4
STANDARD MOTOR PRODUCTS / Thomas Tesoro ownership change
24 May 22
4
STANDARD MOTOR PRODUCTS / WILLIAM H TURNER ownership change
20 May 22
4
STANDARD MOTOR PRODUCTS / Alejandro C. Capparelli ownership change
19 May 22
4
STANDARD MOTOR PRODUCTS / Pamela Puryear ownership change
19 May 22
4
STANDARD MOTOR PRODUCTS / JOHN P GETHIN ownership change
19 May 22
4
STANDARD MOTOR PRODUCTS / Alisa C. Norris ownership change
19 May 22
4
STANDARD MOTOR PRODUCTS / Joseph W. McDonnell ownership change
19 May 22

Patents

Utility
Soot sensor system
5 Oct 21
A soot sensor system and a method of sensing soot in a vehicle soot sensor system.
Utility
Fan-coupling device with unitary magnetic pole construction
18 May 20
A fan-coupling device with a unitary magnetic pole is disclosed.

Transcripts

View all
2022 Q2
Earnings call transcript
5 Aug 22
2022 Q1
Earnings call transcript
3 May 22
2021 Q4
Earnings call transcript
22 Feb 22
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
23 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
2 Aug 20
2020 Q1
Earnings call transcript
4 May 20
2019 Q4
Earnings call transcript
19 Feb 20

Reddit threads

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