Overview

• U.S. auto parts maker's Q1 sales rose 9.1%, beating analyst expectations

• Adjusted Q1 EPS of $0.82 beat consensus

• Company reaffirmed full-year sales growth and EBITDA margin guidance

Outlook

• Company reaffirms 2026 sales growth guidance of low to mid-single digits

• Company expects 2026 adjusted EBITDA margin of 11% to 12%

• 2026 guidance excludes impact of tariff changes and significant inflation from Middle East conflict

Result Drivers

• VEHICLE CONTROL DEMAND - Sales in Vehicle Control rose 11.2%, driven by customer pipeline orders and assortment expansions to capture share in the do-it-for-me market, per CEO Eric Sills

• NISSENS CURRENCY IMPACT - Nissens sales grew 12.4%, mainly due to stronger currency conversion, with local currency sales up 2.7% against a tough comparison

• ENGINEERED SOLUTIONS RECOVERY - Engineered Solutions segment sales rose 12.6% as demand recovered in commercial vehicle and power sports end-markets

Company press release: ID:nPnb0FWKva

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

• Wall Street's median 12-month price target for Standard Motor Products Inc is $47.00, about 27.4% above its April 29 closing price of $36.90

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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