Standard Motor Products Q2 sales rise 10.4% to $389.8 million; raises sales outlook
Standard Motor Products reported second-quarter 2024 net sales of $389.8 million, up from $353.1 million a year earlier, and said full-year 2024 sales growth is now expected in the low- to mid-single digits, up from prior projections. GAAP diluted earnings from continuing operations were $0.81 per share versus $0.83 a year earlier, while adjusted diluted EPS rose to $0.98 from $0.84. Shareholders also get a 29-cent quarterly dividend, and the company is pursuing the $388 million Nissens acquisition, which is pending regulatory approval.
Key points
- Q2 2024 net sales $389.8 million vs. $353.1 million in Q2 2023; Temperature Control sales up 28.2%
- GAAP diluted EPS from continuing operations $0.81 vs. $0.83; non-GAAP diluted EPS $0.98 vs. $0.84
- Full-year 2024 sales growth now expected in low- to mid-single digits, up from prior projections; Adjusted EBITDA margin range of 9.0-9.5% unchanged
- Quarterly dividend of 29 cents per share payable September 3, 2024; pending Nissens acquisition for approximately $388 million (€360 million)
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:59 AM ET, from the text of the filing and its press-release exhibits 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 August 01, 2024.
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