Standard Motor Products, Inc. Releases Fourth Quarter and 2024 Year-End Results
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Standard Motor Products, Inc. (NYSE: SMP) reported a strong financial performance for Q4 and the full year 2024. Q4 net sales increased by 18.1% to $343 million, with a significant contribution from the Nissens acquisition. Full-year net sales rose by 7.8% to $1.46 billion. Adjusted EPS for Q4 was $0.47, up 27%, and $3.17 for the year, up 8.6%.
February 27, 2025 | 1:45 pm
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Standard Motor Products reported strong Q4 and full-year 2024 results, with significant sales growth driven by the Nissens acquisition. Adjusted EPS also showed substantial improvement.
The strong increase in net sales and adjusted EPS, along with the successful integration of the Nissens acquisition, indicates positive financial health and growth potential for SMP. This is likely to positively impact the stock price in the short term.
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