Auto parts manufacturer Standard Motor Products Inc (SMP) has announced that it maintains its full-year financial outlook unchanged.

According to the guidance, annual sales are expected to achieve growth in the low-to-mid single-digit percentage range, while the adjusted EBITDA margin is anticipated to remain between 11% and 12%. This guidance reflects the company's confidence in the steady development of its core business. Amid ongoing adjustments in the automotive industry supply chain, Standard Motor Products has demonstrated strong earnings resilience by optimizing its product structure and controlling costs. The market will closely monitor the company’s subsequent quarterly results for progress toward its full-year targets.