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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 799M | 2.4% |
| Gross Profit | 121M | 8.9% |
| Cost of Revenue | 364M | 0.7% |
| Operating expense | 86M | 2.5% |
| Net Income | 3.8M | 77.7% |
| EBITDA | 18M | 23.7% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 1.35B | 1.7% |
| Total Liabilities | 697M | 3.2% |
| Total Equity | 639M | 0.2% |
| Shares Outstanding | 22M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 88M | 148.3% |
| Cash from investing | -11M | 12.9% |
| Cash from financing | -76M | 247.5% |
EPS
Financial Highlights for Standard Motor Products in Q3 '24
Standard Motor Products reported a revenue of 799M, which is a 2.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 121M, marking a 8.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 364M, a -0.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 86M, showing a -2.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 3.8M, showing a -77.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 18M, showing a -23.7% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Standard Motor Products faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
