SMP News & Events

Standard Motor Products (SMP) announced James Burke has informed the company of his intention to step down from his role as COO, effective June 1. Burke will continue to serve on the leadership team as Executive Advisor, and as a member of the Board of Directors. SMP is pleased to announce that Sunil Bhandari will be named COO, effective June 1, and will be responsible for all SMP's operations globally. Bhandari brings more than 25 years of global business and operations leadership covering general management, manufacturing, distribution, supply chain, and engineering, spanning both OE and aftermarket businesses in the electrical and automotive sectors. He spent the past 14 years at Eaton Corporation (ETN) holding various leadership roles of increasing scope, most recently serving as Vice President, Global Aftermarket - Mobility Group. Over the years he has lived and worked in North America, Europe and Asia.

Reports Q revenue $451.2M, consensus $429.07M. CEO Eric Sills stated, "We are quite pleased with our performance in Q1. Sales for the quarter increased 9.1%, with all segments performing well, reflecting a continuation of the steady customer demand experienced throughout last year".

2025 revenue was $1.79B. Expects 2025 adjusted EBITDA 11%-12%.

The major averages had a mixedclose with the Nasdaq the laggard despite an earnings beat and blowout guidance from Nvidia. The market's tepid reaction to the quarterly report suggests that confidence in the broader AI narrative remains far from unanimous.Mixed results from other major technology and software companies added complexity as weak guidance from some key SaaS names pulled back parts of the sector and weighed on overall sentiment as well.Looking to commodities, gold was fractionally lower as the asset continues to experience a volatile 2026, while oil was marginally lower.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiareportedand provided upbeat Q1 revenue guidanceSalesforcereportedand provided its outlook for Q1 and FY27Warner Bros. Discoveryreported, adding that HBO Max is "well on its way" to over 150M subscribersParamount Skydancereported a year-over-yearand reiterated its FY26 revenue guidanceSnowflakereportedand provided Q1 product revenue guidance2. WALL STREET CALLS:Joby Aviationto Buy at H.C. WainwrightSpotifyto Buy at AreteFirst Solarto Hold at Deutsche Bank after "disappointing" Q4Oddityto Underperform at BofA and downgraded to Underweight at BarclaysMosaicto Underweight at JPMorgan3. AROUND THE WEB:A Texas judge has rejected Kenvue'sbid to dismiss a state lawsuit over Tylenol, Reuters reportsTesla'sCybercab program manager has left the company before launch, Electrek sayseBayis cutting 6% of its full-time employees, or roughly 800 jobs, as the company feels the layoffs are needed to align its workforce with strategic priorities, Bloomberg reportsPayPalisn't currently in talks to sell itself to Stripe or anyone else and has been working for months with bankers to prepare for a potential activist campaign or unwanted takeover bid, Semafor saysJehoshaphat Research announced that it is short GPGI4. MOVERS:Krispy Kremeincreases afterand providing guidance for FY26Butterfly Networkgains afterand providing guidance for FY26Novavaxand Sezzlehigher in New York afterArray Technologiesfalls after, with EPS missing consensusEose Energylower afterand providing guidance for FY265. EARNINGS/GUIDANCE:Perrigo, with EPS and revenue lower year-over-yearLiberty Formula One, with CEO Derek Chang commenting on "an exceptional and productive year for Liberty"Hertzand provided guidance for Q1Standard Motor, with EPS beating consensusEmcorand provided guidance for FY26INDEXES:The Dow rose 17.05, or 0.034%, to 49,499.20, the Nasdaq lost 273.69, or 1.18%, to 22,878.38, and the S&P 500 declined 37.27, or 0.54%, to 6,908.86.