Standard Motor Products Q3 sales rise 3.3% to $399.3 million; guidance unchanged
Standard Motor Products reported third-quarter 2024 net sales of $399.3 million, up 3.3%, and adjusted diluted earnings per share of $1.28, up from $1.11. GAAP net earnings per diluted share fell to $0.17 from $0.30 after a $22.8 million loss from a discontinued operation, and the company left its full-year 2024 outlook unchanged while expecting the Nissens Automotive acquisition to close soon.
Key points
- Q3 net sales $399.3 million vs. $386.4 million a year earlier; the company said all three operating segments increased.
- Diluted EPS from continuing operations $1.20 vs. $1.12; adjusted diluted EPS $1.28 vs. $1.11.
- Loss from discontinued operation of $22.8 million reduced GAAP net diluted EPS to $0.17 from $0.30.
- Full-year 2024 guidance unchanged; quarterly dividend of 29 cents per share payable December 2, 2024.
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.