In the Q2, Standard Motor Products Inc 's corporate clients experienced a deterioration by -16.31 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 1.46 %. During the corresponding time, Standard Motor Products Inc recorded a revenue increase by 1.77 % year on year, sequentially revenue grew by 11.42 %. While revenue at the Standard Motor Products Inc 's corporate clients fell by -14.82 % year on year, sequentially revenue grew by 2.67 %.
Customers of Standard Motor Products Inc saw their costs of revenue deteriorate by -16.31 % in Q2 compare to a year ago, sequentially costs of revenue grew by 1.46 %, for the same period Standard Motor Products Inc recorded revenue increase by 1.77 % year on year, sequentially revenue grew by 11.42 %.
Standard Motor Products Inc's Comment on Sales, Marketing and Customers
The company provides premium replacement parts to the automotive aftermarket across several product groups, including Engine Management (ignition, emissions, and fuel delivery system components), Electrical & Safety (electrical and safety system components, powertrain neutral technologies), and Wire Sets & Other (spark plug wire sets and ignition system accessories). It also serves automotive aftermarket customers through its Temperature Control Segment, which offers AC System Components (compressors, repair kits, heat exchangers) and Other Thermal Components (engine, transmission, electric drive motor, and battery temperature management parts). The company anticipates increased demand driven by vehicle control system complexity, government regulations on safety, emissions, and fuel economy, and the growth of safety devices such as anti-lock braking systems and advanced driver-assistance systems (ADAS). The Temperature Control Segment is positioned to benefit from the adoption of complex air conditioning systems, including those required for electric vehicle powertrain cooling.
Standard Motor Products Inc’s Comment on Sales, Marketing and Customers
The company provides premium replacement parts to the automotive aftermarket across several product groups, including Engine Management (ignition, emissions, and fuel delivery system components), Electrical & Safety (electrical and safety system components, powertrain neutral technologies), and Wire Sets & Other (spark plug wire sets and ignition system accessories). It also serves automotive aftermarket customers through its Temperature Control Segment, which offers AC System Components (compressors, repair kits, heat exchangers) and Other Thermal Components (engine, transmission, electric drive motor, and battery temperature management parts). The company anticipates increased demand driven by vehicle control system complexity, government regulations on safety, emissions, and fuel economy, and the growth of safety devices such as anti-lock braking systems and advanced driver-assistance systems (ADAS). The Temperature Control Segment is positioned to benefit from the adoption of complex air conditioning systems, including those required for electric vehicle powertrain cooling.
Sources:
Standard Motor Products Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Standard Motor Products Inc’s corporate clients.
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