Shares of Standard Motor Products (SMP) surged 9.66% in pre-market trading on Tuesday, following the company's impressive second-quarter earnings report that exceeded analyst expectations. The automotive parts manufacturer reported robust financial results and raised its full-year sales guidance, sparking investor optimism.

Standard Motor Products announced quarterly earnings of $1.29 per share, surpassing the analyst consensus estimate of $0.95 by 35.79%. This represents a significant 31.63% increase from the $0.98 per share reported in the same period last year. The company's quarterly sales reached $493.853 million, beating 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.

In light of the strong performance, Standard Motor Products raised its full-year sales growth guidance to the low 20% range. The company also reaffirmed its full-year adjusted EBITDA margin outlook of 10-11%. Eric Sills, Chairman and CEO, expressed satisfaction with the quarterly results, highlighting the nearly 27% increase in sales for the quarter, or 3.5% excluding the impact of Nissens Automotive. The strong performance was attributed to growth in the Vehicle Control and Temperature Control segments, driven by robust customer order activity and early pre-season orders. Despite experiencing some tariff costs in Q2 without offsetting pricing, the company expects to mitigate these costs with pricing actions going forward.