Standard Motor Products beats Q2 adjusted EPS estimates, reaffirms FY guidance

Standard Motor Products

04/08/2026 13:41

Overview
Automotive parts maker's Q2 sales missed analyst expectations, adjusted EPS beat consensus
Company saw strong gains in three of four operating segments, led by Temperature Control
Board approved quarterly dividend of 33 cents per share, up from 31 cents last year

Outlook
Standard Motor Products reaffirms full-year sales growth in low to mid-single digit range
Company expects full-year adjusted EBITDA margin of 11%-12%
Guidance excludes impact from tariff changes, Middle East conflict inflation, or rising interest rates

Result Drivers
TEMPERATURE CONTROL DEMAND - Adjusted net sales in Temperature Control rose 15.7%, driven by timing of preseason orders, despite cooler, wetter weather in May
NISSENS AUTOMOTIVE GROWTH - Nissens Automotive adjusted net sales rose 4.8%, helped by local currency sales growth and stronger currency conversion
ENGINEERED SOLUTIONS RECOVERY - Adjusted net sales in Engineered Solutions grew 16.8% as demand recovered across all end-markets

Company press release: ID:nPn4P7Bh4a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Miss
$501.60 mln
$511.68 mln (3 Analysts)
Q2 Adjusted EPS
Beat
$1.40
$1.39 (3 Analysts)
Q2 Net Income
 
$30.64 mln
 
Q2 Gross Profit
 
$164.62 mln
 
Q2 Operating Income
 
$50.84 mln
 

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 is $46.00, about 18.6% above its August 3 closing price of $38.78
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
Aug 4 - Continental posts Q2 profit beat, but warns of worsening raw material costs
Aug 4 - Aptiv Q2 revenue rises on non-auto growth
Aug 4 - Core Molding Q2 production revenue falls 1.2% on weak truck demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)