Last $34.14 USD
Change Today +0.02 / 0.06%
Volume 61.1K
SMP On Other Exchanges
Symbol
Exchange
New York
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As of 2:05 PM 10/2/14 All times are local (Market data is delayed by at least 15 minutes).

standard motor prods (SMP) Snapshot

Open
$34.06
Previous Close
$34.12
Day High
$34.61
Day Low
$33.61
52 Week High
07/2/14 - $45.80
52 Week Low
02/10/14 - $30.28
Market Cap
781.3M
Average Volume 10 Days
89.2K
EPS TTM
$2.88
Shares Outstanding
22.9M
EX-Date
08/13/14
P/E TM
11.9x
Dividend
$0.52
Dividend Yield
1.46%
Current Stock Chart for STANDARD MOTOR PRODS (SMP)

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standard motor prods (SMP) Details

Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. The company operates in two segments, Engine Management and Temperature Control. The Engine Management segment manufactures a line of engine management replacement parts, including electronic ignition control modules, fuel injectors, ignition wires, coils, switches, sensors, relays, EGR valves, distributor caps and rotors, and other engine management components. It offers its products primarily under the Standard, BWD, Intermotor, OEM, LockSmart, TechSmart, and GP Sorensen, as well as through private labels, such as CARQUEST, Duralast, Duralast Gold, Import Direct, Master Pro, NAPA, Cold Power, NAPA Echlin, Mileage Plus, and NAPA Belden. The Temperature Control segment manufactures, remanufactures, and markets a line of replacement parts for automotive temperature control (air conditioning and heating) systems, engine cooling systems, power window accessories, and windshield washer systems, primarily under the Four Seasons, Factory Air, EVERCO, ACi, Imperial, COMPRESSORWORKS, TORQFLO, and Hayden brands, as well as through private labels, such as CARQUEST, NAPA Temp Products, NAPA, Cold Power, and Murray. It also offers new and remanufactured compressors, clutch assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, hose assemblies, expansion valves, heater valves, AC service tools and chemicals, fan assemblies, fan clutches, engine oil coolers, transmission coolers, window lift motors, motor/regulator assemblies, and windshield washer pumps. The company sells its products to warehouse distributors, large retail chains, original equipment manufacturers, and original equipment service part operations in the United States, Canada, Europe, Asia, and Latin America. Standard Motor Products, Inc. was founded in 1919 and is headquartered in Long Island City, New York.

3,400 Employees
Last Reported Date: 02/27/14
Founded in 1919

standard motor prods (SMP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $518.0K
President and Chief Operating Officer
Total Annual Compensation: $410.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $500.0K
Vice President, General Counsel and Secretary
Total Annual Compensation: $365.0K
Vice President of Global Operations
Total Annual Compensation: $395.0K
Compensation as of Fiscal Year 2013.

standard motor prods (SMP) Key Developments

Standard Motor Products Inc. Approves Quarterly Dividend, Payable on September 2, 2014

Standard Motor Products Inc. announced that the board of directors has approved payment of a quarterly dividend of 13 cents per share on the common stock outstanding. The dividend will be paid on September 2, 2014 to stockholders of record on August 15, 2014.

Standard Motor Products Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Financial Guidance for the Year 2014

Standard Motor Products Inc. reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net sales of $272.5 million, compared to $270.1 million during the comparable quarter in 2013. Earnings from continuing operations were $11.2 million or 48 cents per diluted share, compared to $16.4 million or 71 cents per diluted share in the second quarter of 2013. Non-GAAP earnings from continuing operations were $17.7 million or 76 cents per diluted share, compared to $16.4 million or 70 cents per diluted share in the second quarter of 2013. The company reported operating income of $17.6 million compared to $27.2 million, earnings from continuing operations before taxes of $17.5 million compared to $26.5 million, net earnings of $10.6 million or $0.46 per diluted share compare to $16.0 million or $0.69 per diluted share and non- GAAP operating income of $28.6 million compared to $27.2 million for the last year. Consolidated operating income before the one-time litigation charge, restructuring and integration expenses and other income net in the quarter was $28.6 million, up $1.3 million. For the six months, the company reported net sales of $505.3 million, compared to $500.8 million during the comparable period in 2013. Earnings from continuing operations were $23.6 million or $1.02 per diluted share, compared to $26 million or $1.12 per diluted share in the comparable period of 2013. Non-GAAP earnings from continuing operations for the six months ended June 30, 2014 and 2013 were $30.1 million or $1.30 per diluted share and $26 million or $1.12 per diluted share, respectively. The company reported operating income of $38.0 million compared to $43.3 million, earnings from continuing operations before taxes of $37.2 million compared to $41.8 million, net earnings of $22.4 million or $0.96 per diluted share compare to $25.2 million or $1.09 per diluted share, non- GAAP operating income of $48.9 million compared to $43.4 million, net cash provided by operating activities of $17.6 million compared to net cash used in operating activities of $12.4 million and capital expenditures of $6.4 million compared to $5.6 million for the last year. Consolidated operating income before the one-time litigation charge, restructuring and integration expenses and other income net in the six months period was $48.9 million, up $5.4 million. For the year 2014, the company is going to have $105 million to $110 million EBITDA.

Standard Motor Products Mulls Acquisitions

Standard Motor Products Inc. (NYSE:SMP) is looking for acquisitions. Vice President Finance and Chief Financial Officer, Jim Burke stated, “And we also look for bolt-on acquisitions, which would be related lines, as we've done in the past. These are businesses we know and markets we know. And we believe it minimizes risk. But I have nothing to report right now. But we are continuing to look.”

 

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Industry Analysis

SMP

Industry Average

Valuation SMP Industry Range
Price/Earnings 15.8x
Price/Sales 0.8x
Price/Book 2.2x
Price/Cash Flow 16.2x
TEV/Sales 0.7x
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