Standard Motor Products

Standard Motor Products, Inc., (SMP) is a leading independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry, with an increasing focus on the original equipment and original equipment service markets. SMP stock is publicly traded on the New York Stock Exchange (SMP) where it has been listed since 1977. SMP is organized into two major operating segments, each of which focuses on a specific line of replacement parts. Engine Management Segment manufactures a full line of engine management related products. Temperature Control Segment manufactures and remanufactures a full line of replacement parts for automotive air conditioning and heating systems. SMP products are marketed throughout the U.S., Canada, Latin America, Europe and Asia through traditional as well as non-traditional channels.
Company Growth (employees)
Type
Public
HQ
Queens, US
Founded
1919
Size (employees)
4,100 (est)+21%
Standard Motor Products was founded in 1919 and is headquartered in Queens, US

Standard Motor Products Office Locations

Standard Motor Products has offices in Queens, New York, Lewisville, Detroit and in 10 other locations
Queens, US (HQ)
37 18 Northern Blvd
Show all (14)

Standard Motor Products Data and Metrics

Standard Motor Products Financial Metrics

Standard Motor Products's revenue was reported to be $282.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

282.4 m

Gross profit (Q1, 2017)

84.1 m

Gross profit margin (Q1, 2017), %

30%

Net income (Q1, 2017)

15.7 m

EBIT (Q1, 2017)

25.5 m

Market capitalization (25-Jul-2017)

1.2 b

Cash (31-Mar-2017)

15.6 m
Standard Motor Products's current market capitalization is $1.2 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

983.7 m980.4 m972 m1.1 b

Revenue growth, %

(0%)(1%)9%

Cost of goods sold

693.3 m690.8 m691 m736 m

Gross profit

290.5 m289.6 m281 m322.5 m

Gross profit Margin, %

30%30%29%30%

General and administrative expense

221.7 m

Operating expense total

221.7 m

EBIT

86.9 m85.3 m75.9 m98.1 m

EBIT margin, %

9%9%8%9%

Interest expense

1.9 m1.6 m1.5 m1.6 m

Pre tax profit

85 m81.8 m74.1 m98.6 m

Income tax expense

31.9 m28.9 m26 m36.2 m

Net Income

51.5 m43 m46 m60.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

272.5 m257 m227.6 m269.4 m270 m238.9 m289 m300.8 m282.4 m

Cost of goods sold

195.1 m179.8 m163.7 m196.6 m188.5 m165.9 m201.9 m205.2 m198.3 m

Gross profit

77.4 m77.2 m63.9 m72.8 m81.6 m73 m87.1 m95.6 m84.1 m

Gross profit Margin, %

28%30%28%27%30%31%30%32%30%

General and administrative expense

48.8 m48.8 m49.2 m51.7 m51.9 m53 m54.8 m61.3 m57.4 m

Operating expense total

48.8 m48.8 m49.2 m51.7 m51.9 m53 m54.8 m61.3 m57.4 m

EBIT

17.6 m28.3 m14.9 m21.3 m30 m20 m31.8 m33.6 m25.5 m

EBIT margin, %

6%11%7%8%11%8%11%11%9%

Interest expense

457 k440 k426 k480 k332 k311 k394 k501 k468 k

Pre tax profit

17.5 m26.9 m14.6 m21.4 m29.1 m20 m31.7 m33.3 m25.9 m

Income tax expense

6.3 m9.1 m5.3 m7.6 m9.9 m7.4 m11.9 m12.2 m9.5 m

Net Income

22.4 m31.9 m8.9 m22.3 m40.8 m12.2 m31.4 m52.1 m15.7 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

5.6 m13.7 m18.8 m19.8 m

Inventories

10.2 m11.2 m285.8 m312.5 m

Current Assets

446.1 m466 m479.7 m514.8 m

PP&E

63.6 m64.6 m68.9 m78.5 m

Goodwill

38 m55 m54.9 m67.2 m

Total Assets

615.5 m673.6 m681.1 m768.7 m

Accounts Payable

71.5 m70.7 m72.7 m83.9 m

Total Debt

21.5 m56.8 m47.5 m55 m

Current Liabilities

220.3 m250.8 m243.9 m283.8 m

Total Liabilities

327.7 m

Additional Paid-in Capital

87.6 m91.4 m93.2 m96.9 m

Retained Earnings

228 m259.2 m291.5 m336.5 m

Total Equity

349.4 m374.2 m392 m441 m

Debt to Equity Ratio

0.1 x0.2 x0.1 x0.1 x

Debt to Assets Ratio

0 x0.1 x0.1 x0.1 x

Financial Leverage

1.8 x1.8 x1.7 x1.7 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

12.7 m13.4 m13.4 m12.4 m30.5 m15.6 m

Inventories

277.3 m270.1 m300.3 m317.4 m302.6 m331.8 m

Current Assets

499.9 m479.3 m506.4 m547.9 m542.8 m534.5 m

PP&E

68.3 m69.1 m

Goodwill

55 m54.9 m54.8 m67.2 m67.2 m67.3 m

Total Assets

709.3 m685.5 m705.3 m803.4 m798.2 m829.4 m

Accounts Payable

88.9 m78.4 m86.2 m99.2 m88.2 m102 m

Current Liabilities

274.7 m246.7 m254.8 m337.8 m314.3 m327.9 m

Additional Paid-in Capital

94.2 m95.2 m94.9 m95.9 m97.2 m99.5 m

Retained Earnings

274.6 m289.7 m299.8 m315.2 m332 m347.9 m

Total Equity

386.6 m392.4 m405.2 m420.5 m438.5 m457.6 m

Financial Leverage

1.8 x1.7 x1.7 x1.9 x1.8 x1.8 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

51.5 m43 m46 m60.4 m

Depreciation and Amortization

17.6 m17.3 m17.6 m20.5 m

Accounts Receivable

(27 m)1.8 m(2 m)(8.8 m)

Inventories

(6.7 m)(13 m)(20.2 m)

Accounts Payable

12.5 m(4.3 m)1.9 m7.3 m

Cash From Operating Activities

57.6 m47 m65.2 m97.8 m

Capital Expenditures

(11.4 m)(13.9 m)(18 m)(20.9 m)

Cash From Investing Activities

(24.8 m)(51.2 m)(18 m)(88 m)

Dividends Paid

(10.1 m)(11.9 m)(13.7 m)(15.4 m)

Cash From Financing Activities

(39.3 m)15.3 m(41.2 m)(7.8 m)

Interest Paid

1.1 m882 k901 k1.2 m

Income Taxes Paid

33.5 m27.6 m27.5 m32.5 m

Free Cash Flow

69 m60.9 m83.2 m76.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

22.4 m31.9 m8.9 m22.3 m40.8 m12.2 m31.4 m52.1 m15.7 m

Depreciation and Amortization

8.4 m12.9 m4.3 m8.6 m13 m4.4 m9.3 m14.8 m5.6 m

Accounts Receivable

(16.1 m)(17.5 m)(25.3 m)(34.6 m)(25.1 m)(19.3 m)(41.7 m)(35.2 m)(45.3 m)

Inventories

(19.5 m)(3.5 m)(7.5 m)(820 k)(14.6 m)(20.8 m)(19.3 m)

Accounts Payable

13.8 m5.3 m18.3 m8.4 m11.4 m19 m9.9 m13.7 m

Cash From Operating Activities

17.6 m32.7 m(14.2 m)26.2 m72.8 m(1.3 m)23.7 m83 m(26.9 m)

Capital Expenditures

(6.4 m)(9.3 m)(4 m)(10.2 m)(14.6 m)(4.1 m)(10.1 m)(15.2 m)(3.2 m)

Cash From Investing Activities

(44.1 m)(47 m)(4 m)(10.2 m)(14.6 m)(4.1 m)(77.4 m)(82.3 m)(3.2 m)

Dividends Paid

(6 m)(8.9 m)(3.4 m)(6.9 m)(10.3 m)(3.8 m)(7.7 m)(11.6 m)(4.3 m)

Cash From Financing Activities

27.8 m21.3 m13.1 m(17.2 m)(57.9 m)(239 k)47.2 m11.5 m25.3 m

Interest Paid

370 k635 k245 k558 k742 k225 k516 k933 k328 k

Income Taxes Paid

18.5 m22 m1.9 m14 m19.4 m1.6 m13.4 m21.3 m1.4 m

Free Cash Flow

11.2 m23.3 m(18.2 m)16 m58.2 m(5.4 m)13.6 m67.8 m(30.1 m)
USDY, 2017

Revenue/Employee

68.9 k

Financial Leverage

1.8 x

Standard Motor Products Market Value History

Standard Motor Products Job Categories

Standard Motor Products Median Salaries

Source: 18 public H-1B filings from Standard Motor Products

Standard Motor Products Online and Social Media Presence

Standard Motor Products Company Life and Culture

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