Standard Motor Products Sees FY24 Sales Growth Flat To Low Single Digits; EBITDA 9.0%-9.5%
Portfolio Pulse from Benzinga Newsdesk
Standard Motor Products projects its FY24 sales growth to be flat to low single digits, with EBITDA margins expected to be between 9.0% and 9.5%.
February 22, 2024 | 1:34 pm
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Standard Motor Products expects FY24 sales growth to be minimal, with EBITDA margins between 9.0% and 9.5%.
The projection of flat to low single-digit sales growth for FY24 by Standard Motor Products indicates a cautious but stable outlook. The expected EBITDA margins suggest the company is maintaining operational efficiency. However, the minimal growth projection might not significantly excite investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100