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Dec 31, 2024
SMP Q4 2024 Earnings Report
Reported fourth quarter and 2024 year-end results.
Key Takeaways
Standard Motor Products reported an 18.1% increase in fourth-quarter net sales, reaching $343 million, and a 7.8% increase for the full year. Adjusted diluted earnings per share increased by 27% for the quarter and 8.6% for the year. The acquisition of Nissens Automotive contributed $35.7 million in sales during the quarter.
Fourth quarter net sales increased by 18.1%, and 5.8% excluding Nissens.
Nissens acquisition, closed in November, contributed $35.7 million to sales in the quarter.
Adjusted diluted earnings per share increased by 27.0% in the quarter.
Adjusted EBITDA improved to 8.4% in the quarter.
Revenue by Segment
Forward Guidance
The outlook for the full year of 2025 includes an expectation that sales growth will be in the mid-teens, largely due to the addition of Nissens. Further, Adjusted EBITDA is expected to be in a range of 10.0-11.0%.
Positive Outlook
- Sales growth expected in the mid-teens due to Nissens.
- Adjusted EBITDA expected in a range of 10.0-11.0%.
- North American aftermarket business remains healthy and strong.
- Products are largely non-discretionary, tending to outperform in challenging economic times.
- Integration of Nissens is beginning to take shape, setting the stage for realization of multi-year growth.
Challenges Ahead
- Forecast includes expenses related to aligning operations for our new Nissens segment.
- Redundant transition costs for distribution center expansion into Shawnee, KS.
- Difficult to assess the timing or magnitude of any tariff provisions that may be implemented.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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