Standard Motor Products Inc

Standard Motor Products shares have fallen 2.7% since its second-quarter earnings report, underperforming the S&P 500. The company reported adjusted earnings of $1.40 per share, up 8.6% year over year but missing the Zacks Consensus Estimate of $1.42, while net sales rose 1.6% to $501.6 million, also below expectations. Vehicle Control sales declined 1.6% to $198.6 million, but Temperature Control jumped 15.7% to $152.0 million, Nissens rose 4.8% to $94.9 million, and Engineered Solutions climbed 16.8% to $82.0 million. Adjusted EBITDA hit a record $63.5 million, and the company reaffirmed its 2026 guidance for low to mid-single-digit sales growth and an adjusted EBITDA margin of 11% to 12%. Management also completed a joint venture with Techstrong, acquiring 50% of its Thailand sensor manufacturing operation, and approved a 33-cent quarterly dividend payable September 1. Analysts have revised estimates downward by 10.9% over the past month, leading to a Zacks Rank #4 (Sell).