Filing Flows › Standard Motor Products (SMP) › Q1 2025
Standard Motor Products (SMP) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Standard Motor Products (SMP) reported revenue of $413M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +20% from the quarter before. Operating margin was 5.9%, net earnings $12.7M (3.1% of revenue).
Standard Motor Products, Q1 2025: revenue $413M (+25% year over year), operating margin 5.9%, net earnings $12.7M, operating cash flow −$60.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $413M | +20% | +25% |
| Gross profit | $125M | +24% | +39% |
| Operating profit | $24.5M | +530% | +67% |
| Net earnings | $12.7M | — | +42% |
| Operating cash flow | −$60.2M | — | — |
What changed
Revenue was $413.4M in Q1 2025, up 25% year over year and up 20% from the previous quarter.
Gross margin was 30.2%, up 3.2 points from a year earlier. Operating profit was $24.5M, a 5.9% margin (up 1.5 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, above the 4% margin then. Operating expenses grew 34% against revenue growth of 25%. Net earnings were $12.6M, up 42% year over year. The effective tax rate was 28.5%.
Operating cash flow was −$60.2M. Non-cash charges added back $10.3M of depreciation and amortization and $1.6M of share-based compensation. Working capital and other items used $84.8M. Capital expenditures of $9.1M exceeded it, leaving free cash flow of −$69.4M.
Questions
What was Standard Motor Products' revenue in the first quarter 2025?
Standard Motor Products (SMP) reported revenue of $413M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +20% from the quarter before.
Was Standard Motor Products profitable in the first quarter 2025?
Operating profit was $24.5M (5.9% of revenue) and net earnings $12.7M.