While reporting financial results for the first quarter on Thursday, Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reaffirmed its expectation that sales growth will be in the low to mid-single digit range.
The is driven by ongoing tailwinds for professional grade non-discretionary products in the North American aftermarket, continuing momentum in European business, and an ongoing recovery in Engineered Solutions, offset by a lapping of both tariff pricing and the benefits of stronger currency conversion.
The Board of Directors has also approved payment of a quarterly dividend of 33 cents per share on the common stock outstanding, which will be paid on June 1, 2026, to stockholders of record on May 15, 2026.
In Thursday's pre-market trading, SMP is trading on the NYSE at $37.99, up $1.09 or 2.95 percent.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.