Shares of Standard Motor Products (SMP) are soaring 9.66% in pre-market trading on Tuesday following the company's impressive second-quarter results and upward revision of its full-year guidance. The automotive parts manufacturer reported earnings that significantly exceeded analyst expectations, demonstrating robust growth across its key segments.

Standard Motor Products announced quarterly earnings of $1.29 per share, handily beating the analyst consensus estimate of $0.95 by 35.79%. This represents a substantial 31.63% increase from the $0.98 per share reported in the same period last year. The company's quarterly sales also outperformed, coming in at $493.853 million, surpassing the analyst consensus estimate of $450.205 million by 9.70% and marking a 26.68% increase from the $389.829 million reported in the previous year.

Eric Sills, Chairman and CEO of Standard Motor Products, expressed satisfaction with the strong quarterly results, highlighting a nearly 27% increase in sales for the quarter. The company's performance was driven by strong growth in its North American Aftermarket segment, with both Vehicle Control and Temperature Control divisions seeing increased customer order activity and early pre-season orders. Additionally, the Nissens Automotive segment contributed $90.5 million in sales, benefiting from weather-related tailwinds and successful integration efforts. In light of these positive results, Standard Motor Products has raised its full-year sales growth guidance to the low-20s percent range, while reaffirming its full-year adjusted EBITDA margin outlook of 10-11%.