Standard Motor Products (NYSE: SMP) saw its stock soar 5.09% in pre-market trading on Wednesday following the release of its impressive first-quarter earnings report. The company significantly outperformed analyst expectations, demonstrating strong financial performance and operational efficiency.

The auto parts manufacturer reported adjusted earnings per share of $0.81 for Q1, handily beating the analyst consensus estimate of $0.44 by 84.09%. This represents a substantial 80% increase from the $0.45 per share earned in the same period last year. Revenue for the quarter came in at $413.38 million, surpassing the analyst estimate of $394.38 million by 4.82% and marking a 24.74% year-over-year increase from $331.40 million.

Standard Motor Products' strong quarterly results reflect the company's ability to navigate challenges in the auto parts industry and capitalize on market opportunities. The company maintained its previous guidance for top-line growth in the mid-teens and expects adjusted EBITDA margin to be in the range of 10-11% for the full year. While the company acknowledges ongoing uncertainty regarding tariffs, it noted that its North American manufacturing footprint is well-positioned to mitigate potential impacts.