Standard Motor Products Full Year 2024 Earnings: EPS: US$2.46 (vs US$2.91 in FY 2023)

Standard Motor Products (NYSE:SMP) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.46b (up 7.8% from FY 2023).
• Net income: US$53.6m (down 15% from FY 2023).
• Profit margin: 3.7% (down from 4.6% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$2.46 (down from US$2.91 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Standard Motor Products Earnings Insights

The primary driver behind last 12 months revenue was the Vehicle Control segment contributing a total revenue of US$762.6m (52% of total revenue). Notably, cost of sales worth US$1.04b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$286.6m (78% of total expenses). Explore how SMP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 9.0% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are down 7.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Standard Motor Products (1 shouldn't be ignored!) that we have uncovered.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.