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Earnings Score 42 Bullish

Standard Motor Products Reaffirms FY26 Growth Targets Amid North American Strength

Apr 30, 2026 13:02 UTC
SMP
Medium term

Standard Motor Products (SMP) has maintained its sales growth outlook for fiscal year 2026, citing strong demand for non-discretionary automotive parts. The company also announced a quarterly dividend of $0.33 per share.

  • Reaffirmed low to mid-single digit sales growth for FY26
  • Growth driven by North American non-discretionary parts and European momentum
  • Engineered Solutions segment showing ongoing recovery
  • Dividend of $0.33 per share to be paid June 1, 2026
  • Shares rose 2.95% to $37.99 in pre-market trading

Standard Motor Products, Inc. (SMP) reaffirmed its fiscal year 2026 sales growth projections during its first-quarter financial reporting on Thursday. The automotive replacement parts manufacturer expects sales to increase in the low to mid-single digit range. The growth trajectory is primarily supported by sustained demand for professional-grade, non-discretionary products within the North American aftermarket. Additionally, the company is benefiting from continued momentum in its European operations and a steady recovery within its Engineered Solutions segment. Management noted that these positive drivers are partially offset by the lapping of previous tariff-related pricing adjustments and the fading benefits of favorable currency conversions. In addition to the outlook, the Board of Directors approved a quarterly dividend of $0.33 per share. This payment is scheduled for June 1, 2026, for shareholders of record as of May 15, 2026. Investors reacted positively to the reaffirmation, with SMP shares rising approximately 2.95% to $37.99 in pre-market trading on the NYSE.

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