Standard Motor Products, Inc. Releases 2025 Fourth Quarter and Year-End Results

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) reported Q4 2025 net sales of $385.1M (+12.2%) and full-year sales of $1.79B (+22.4%; +4.0% excluding Nissens). Adjusted diluted EPS rose 26.8% for the year; adjusted EBITDA margin improved 160 bps to 11.2% and beat guidance. Nissens contributed $305.4M in 2025 with a 15.9% adjusted EBITDA margin. Net debt was $546.7M (2.7x leverage). Board approved quarterly dividend increase to $0.33 per share, payable March 2, 2026.

Positive

• Full-year net sales +22.4% to $1.79B
• Adjusted diluted EPS +26.8% for 2025
• Adjusted EBITDA margin improved 160 bps to 11.2%
• Nissens contributed $305.4M in 2025 sales
• Quarterly dividend increased to $0.33 per share

Negative

• Total net debt $546.7M, leverage 2.7x
• Engineered Solutions sales down 3.8% year-over-year
• Discontinued operations loss of $37.7M for 2025
• Tariff pass-throughs compressed gross margins

Key Figures

Q4 2025 net sales: $385.1M FY 2025 net sales: $1.79B Q4 adj. diluted EPS: $0.56 +5 more

8 metrics

Q4 2025 net sales $385.1M Three months ended Dec 31, 2025 vs $343.4M in Q4 2024 (+12.2%)

FY 2025 net sales $1.79B Twelve months ended Dec 31, 2025 vs $1.46B in 2024 (+22.4%)

Q4 adj. diluted EPS $0.56 Non-GAAP EPS from continuing ops vs $0.47 in Q4 2024 (+19.1%)

FY adj. diluted EPS $4.02 Non-GAAP EPS from continuing ops vs $3.17 in 2024 (+26.8%)

FY 2025 adj. EBITDA $200.9M, 11.2% margin Adjusted EBITDA; margin improved 160 bps and exceeded 10.5%–11% guidance

Nissens 2025 sales $305.4M, 15.9% margin Nissens 2025 sales with adjusted EBITDA margin of 15.9%

Net debt & leverage $546.7M, 2.7x Total net debt and debt leverage at quarter-end; target 2.0x by end 2026

Quarterly dividend $0.33 per share Increased from $0.31; payable Mar 2, 2026 to holders as of Feb 16, 2026

Market Reality Check

Price: $43.10 Vol: Volume 125,852 is slightl...

normal vol

$43.10 Last Close

Volume Volume 125,852 is slightly above the 20-day average of 119,990, indicating only modestly elevated trading activity ahead of and around the earnings release. normal

Technical At $43.10, shares trade above the 200-day MA of $36.88, and about 6.3% below the 52-week high of $46.00 despite strong 2025 results and 2026 margin guidance of 11%-12%.

Peers on Argus

SMP was down 2.47% while key auto-parts peers were mixed: XPEL up 5.85%, MVST up...

1 Up

SMP was down 2.47% while key auto-parts peers were mixed: XPEL up 5.85%, MVST up 3.56%, PLOW up 2.49%, but THRM down 2.83% and FOXF down 1.19%. Momentum scanners only flagged one peer (SLDP, up 3.78%), supporting a stock-specific reaction to SMP’s earnings and guidance rather than a coordinated sector move.

Historical Context

5 past events · Latest: Feb 20 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 20	Earnings call notice	Neutral	+1.1%	Announced date and access details for reporting Q4 and full-year 2025.
Feb 02	Dividend increase	Positive	+5.9%	Raised quarterly dividend from $0.31 to $0.33 per share.
Jan 21	ESG recognition	Positive	+4.5%	Named one of America’s Most Responsible Companies 2026.
Oct 31	Q3 2025 earnings	Positive	-4.9%	Reported strong Q3 2025 growth and margin expansion with higher guidance.
Oct 29	Earnings call notice	Neutral	-2.2%	Scheduled Q3 2025 earnings call and detailed webcast access.

Pattern Detected

Dividend increases and ESG recognition have recently aligned with positive price moves, but strong Q3 2025 earnings and guidance coincided with a notable selloff, suggesting occasional profit-taking or skepticism around otherwise constructive news.

Recent Company History

Over the last six months, SMP’s news flow has centered on earnings, dividends, and corporate reputation. The Q3 2025 release on Oct 31, 2025 reported strong sales growth and higher adjusted EBITDA margins but saw a -4.92% move. A dividend increase to $0.31 per share and subsequent ESG recognition in January 2026 both drew positive reactions of 5.94% and 4.53%. The early-February 2026 dividend hike and today’s Q4/FY 2025 results extend this pattern of operational and capital return strength.

Market Pulse Summary

This announcement highlights robust Q4 and full-year 2025 performance, with net sales reaching $385....

Analysis

This announcement highlights robust Q4 and full-year 2025 performance, with net sales reaching $385.1M for the quarter and $1.79B for the year and adjusted EBITDA margin improving to 11.2%. Nissens contributed $305.4M in sales at a 15.9% margin, while total net debt stood at $546.7M with leverage of 2.7x. The company guided to low-to-mid single-digit 2026 sales growth and 11%–12% adjusted EBITDA margin, alongside a higher quarterly dividend of $0.33 per share.

Key Terms

adjusted ebitda, ebitda margin, gaap, non-gaap

4 terms

adjusted ebitda financial

"Adjusted EBITDA for the quarter increased to $37.4 million, an improvement..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

ebitda margin financial

"For 2025, Nissens contributed $305.4 million in sales with an adjusted EBITDA margin of 15.9%."

EBITDA margin is the share of each dollar of sales that a company keeps as operating cash profit before interest, taxes, and accounting for equipment wear and long-term investments. Think of it like the cash a store has left from every sale after paying day-to-day running costs but before paying rent, loan interest or replacing old machinery. Investors use it to compare core profitability and operational efficiency across companies by removing financing and accounting differences.

gaap financial

"Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures..."

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

non-gaap financial

"Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures..."

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

AI-generated analysis. Not financial advice.

• Fourth Quarter net sales of $385.1 million up 12.2%, and up 4.3% excluding Nissens
• Full year net sales of $1.79 billion, up 22.4%, with growth of 4.0% excluding Nissens
• Adjusted diluted earnings per share up 19.1% in Q4 and up 26.8% for the full year
• Adjusted EBITDA margin improved 130 bps in Q4 and 160 bps for the full year
• Guidance of low to mid-single digit sales growth with adjusted EBITDA margin of 11%-12%

NEW YORK, Feb. 26, 2026 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and twelve months ended December 31, 2025.

Net sales for the fourth quarter of 2025 were $385.1 million, compared to consolidated net sales of $343.4 million during the same quarter in 2024. Earnings from continuing operations for the fourth quarter of 2025 were $9.2 million or $0.41 per diluted share, compared to loss of $0.8 million or $0.04 per diluted share in the fourth quarter of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the fourth quarter of 2025 were $12.8 million or $0.56 per diluted share, compared to $10.5 million or $0.47 per diluted share in the fourth quarter of 2024. 

Consolidated net sales for the twelve months ended December 31, 2025, were $1.79 billion, compared to consolidated net sales of $1.46 billion during the comparable period in 2024. Earnings from continuing operations for the twelve months ended December 31, 2025, were $79.0 million or $3.52 per diluted share, compared to $53.6 million or $2.41 per diluted share in the comparable period of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the twelve months ended December 31, 2025 and 2024 were $90.3 million or $4.02 per diluted share and $70.5 million or $3.17 per diluted share, respectively. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We were very pleased with our results in the period as the strong performance we experienced throughout the year continued. Sales for the quarter were up 12.2%, and up 22.4% for the full year. Excluding the impact of Nissens Automotive, sales for the quarter and year were up 4.3% and 4.0%, respectively. Adjusted diluted earnings per share were up 19.1% for the quarter and 26.8% for the year."

Fourth Quarter Highlights:
North American Aftermarket

• Vehicle Control sales increased 3.3% in the fourth quarter, with full-year performance of 3.0% growth. The solid results in the quarter were due to a combination of factors including favorable customer order patterns, general strength across our non-discretionary categories, and the on-going benefit from our customers' footprint expansion activities. Customer POS remained healthy in the quarter, continuing a trend we have seen throughout the year.
  
  
• Temperature Control sales increased an impressive 5.9% in the quarter versus a challenging compare of 30% in last year's fourth quarter and finished the year up 12.2%. This has been another very strong year for the segment, as the season for this business appears to be starting earlier and lasting longer. In addition to weather patterns that drive demand, we believe our strong brand recognition among professional installers has helped increase our customers' share of the market.
  
  
• Both North American aftermarket segments experienced a modest sales lift from tariff passthroughs implemented in the second half of the year, tempered by some compression of gross margins from passing through tariffs at cost.

Nissens
Nissens delivered another solid quarterly performance with sales of $64.1 million. For 2025, Nissens contributed $305.4 million in sales with an adjusted EBITDA margin of 15.9%.  Nissens continues to gain share in its markets driven by strong brand awareness and operational excellence, and we expect this outperformance to continue.  In November, we completed our first full year of ownership, and heading into 2026 we expect to begin to realize some of the benefits from synergy and integration efforts, including a modest uplift from recently launched new product categories and expanding growth synergies through cross-selling opportunities.      

Engineered Solutions
Engineered Solutions sales saw some rebound in the quarter with 6.3% growth over last year's quarter, primarily driven by timing of orders in our powersports-related categories. For the full year, the segment posted a 3.8% decline in sales as it was impacted by cyclical softness across global end markets, but we were pleased to see sequential recovery in the second half of the year. We also made the decision to wind down certain customer programs in the quarter, for which we incurred some one-time costs. We believe the segment has seen demand stabilize and should experience more stable quarterly performance moving into 2026.

Profitability & Balance Sheet
Adjusted EBITDA for the quarter increased to $37.4 million, an improvement of 130 bps to 9.7% of net sales.  On a year-to-date basis, adjusted EBITDA increased to $200.9 million, showing an improvement of 160 bps to 11.2% of net sales, exceeding our guidance of 10.5% - 11%.  The increases were driven by strong performance in our North American and Nissens aftermarket businesses. Nissens contributed $6.5 million and $48.5 million of adjusted EBITDA in the fourth quarter and full year, respectively.        

From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $546.7 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage stood at 2.7x at the end of the quarter and we continue to target reducing debt levels to 2.0x adjusted EBITDA by the end of 2026.              

2026 Guidance
Our outlook for the full year of 2026 includes an expectation that sales growth will be in the low to mid-single digit range driven by ongoing tailwinds for professional grade non-discretionary products in the North American aftermarket, continuing momentum in our European business, and while always the most volatile, a more stable performance in Engineered Solutions. Further, we expect Adjusted EBITDA will be in a range of 11.0%-12.0% that should be aided by initiatives we have underway to drive ongoing profitability gains.  As we lap the implementation of tariff-related pricing, we expect a slight increase in sales from higher pricing, but some continued margin compression from pass-through at our cost.  

This guidance is based on tariffs in place before the recent Supreme Court ruling on IEEPA tariffs and the announcement of new Section 122 tariffs, and any impact thereof.  We will continue to monitor the shifting tariff landscape, and plan to implement changes as necessary.

Dividends
The Board of Directors has approved an increase in its quarterly common stock dividend from thirty-one cents per share to thirty-three cents per share, payable on March 2, 2026, to shareholders of record on February 16, 2026. 

Closing Remarks
In closing, Mr. Sills commented, "Our North American and Nissens aftermarket businesses led the way in this year's strong performance. The global aftermarket continues to be resilient and demand for our products remains strong, driven by the quality, brand recognition and high levels of customer service we provide. We are optimistic heading into 2026 and think we are well positioned to capitalize on favorable trends to drive growth and increased shareholder value. I would like to thank our employees for their hard work and commitment to our continued success."        

Conference Call
Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 26, 2026.  This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q4'25 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-343-4849 (domestic) or 203-518-9848 (international). The conference call ID code is SMP4Q2025. Our playback will be made available for dial in immediately following the call. For those choosing to listen to the replay by webcast, the link should be active on our website within 24 hours after the call. The playback number is 800-934-2123 (domestic) or 402-220-1137 (international).

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q.  By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

Standard Motor Products, Inc.
Consolidated Statements of Operations
	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
(In thousands, except share and per share data)	(Unaudited)
Net sales	$              385,090		$              343,352		$          1,791,158		$          1,463,849
Cost of sales	263,087		242,366		1,231,750		1,040,528
Gross profit	122,003		100,986		559,408		423,321
Selling, general and administrative expenses	99,906		95,282		420,659		335,104
Restructuring and integration expenses	543		1,894		2,580		7,668
Other income, net	19		70		338		75
Operating income	21,573		3,880		136,507		80,624
Other non-operating income (expense), net	(502)		1,730		5,355		6,877
Interest expense	7,889		5,548		31,339		13,512
Earnings from continuing operations before income taxes	13,182		62		110,523		73,989
Provision for income taxes	3,750		667		30,617		19,385
Earnings (loss) from continuing operations	9,432		(605)		79,906		54,604
Loss from discontinued operations, net of income taxes	(1,329)		(1,401)		(37,698)		(26,128)
Net earnings (loss)	8,103		(2,006)		42,208		28,476
Net earnings attributable to noncontrolling interest	241		191		873		976
Net earnings (loss) attributable to SMP	$                  7,862		$                (2,197)		$                41,335		$                27,500
Net earnings (loss) attributable to SMP
Continuing operations	$                  9,191		$                   (796)		$                79,033		$                53,628
Discontinued operations	(1,329)		(1,401)		(37,698)		(26,128)
Net earnings (loss) attributable to SMP	$                  7,862		$                (2,197)		$                41,335		$                27,500
Per common share data
Basic:
Continuing operations	$                    0.42		$                  (0.04)		$                    3.59		$                    2.46
Discontinued operations	(0.06)		(0.06)		(1.71)		(1.20)
Net earnings (loss) attributable to SMP per common share	$                    0.36		$                  (0.10)		$                    1.88		$                    1.26
Diluted:
Continuing operations	$                    0.41		$                  (0.04)		$                    3.52		$                    2.41
Discontinued operations	(0.06)		(0.06)		(1.68)		(1.17)
Net earnings (loss) attributable to SMP per common share	$                    0.35		$                  (0.10)		$                    1.84		$                    1.24
Dividend declared per common share	$                    0.31		$                    0.29		$                    1.24		$                    1.16
Weighted average number of common shares, basic	22,080,526		21,798,092		21,986,301		21,801,141
Weighted average number of common shares, diluted	22,669,246		22,286,577		22,483,591		22,237,060

 

Standard Motor Products, Inc.
Segment Revenues
	Three Months Ended December 31,				Twelve Months Ended December 31,
	2025		2024		2025		2024
(in thousands)	(Unaudited)
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)	$         118,184		$         114,414		$         486,203		$         467,460
Electrical and Safety	63,599		56,589		241,938		229,361
Wire Sets and Other	11,886		16,415		57,251		65,739
Total Vehicle Control	193,669		187,418		785,392		762,560
Temperature Control
AC System Components	30,780		29,298		316,781		274,926
Other Thermal Components	30,682		28,716		109,586		105,162
Total Temperature Control	61,462		58,014		426,367		380,088
Nissens Automotive
Air Conditioning	22,711		9,214		126,727		9,214
Engine Cooling	31,366		19,287		126,389		19,287
Engine Efficiency	10,044		7,244		52,261		7,244
Total Nissens Automotive	64,121		35,745		305,377		35,745
Engineered Solutions
Light Vehicle	19,726		20,772		84,887		91,548
Commercial Vehicle	19,687		20,155		81,239		89,171
Construction/Agriculture	7,763		8,201		35,618		35,832
All Other	18,886		13,047		72,740		68,905
Total Engineered Solutions	66,062		62,175		274,484		285,456
Other	(224)		—		(462)		—
Total	$         385,090		$         343,352		$      1,791,158		$      1,463,849

 

Standard Motor Products, Inc.
Segment Operating Profit
		Three Months Ended December 31,						Twelve Months Ended December 31,
		2025			2024			2025			2024
(in thousands; percentage of net sales)		(Unaudited)
Gross Margin
Vehicle Control		$     62,130	32.1 %		$     59,565	31.8 %		$   247,105	31.5 %		$ 244,085	32.0 %
Temperature Control		22,914	37.3 %		19,171	33.0 %		144,821	34.0 %		117,792	31.0 %
Nissens Automotive		27,160	42.4 %		14,590	40.8 %		126,640	41.5 %		14,590	40.8 %
Engineered Solutions		11,879	18.0 %		10,725	17.2 %		49,132	17.9 %		49,919	17.5 %
All Other		—			—			—			—
Subtotal		$   124,083	32.2 %		$   104,051	30.3 %		$   567,698	31.7 %		$ 426,386	29.1 %
Acquisition & Integration Expenses		—	— %		(3,065)	-0.9 %		(6,210)	-0.3 %		(3,065)	-0.2 %
Customer Program Wind Down		(2,080)	-0.5 %		—	— %		(2,080)	-0.1 %		—	— %
Gross Margin		$   122,003	31.7 %		$   100,986	29.4 %		$   559,408	31.2 %		$ 423,321	28.9 %
Selling, General & Administrative
Vehicle Control		$     45,209	23.3 %		$     42,402	22.6 %		$   178,885	22.8 %		$ 172,525	22.6 %
Temperature Control		15,660	25.5 %		15,369	26.5 %		83,519	19.6 %		82,010	21.6 %
Nissens Automotive		23,575	36.8 %		14,205	39.7 %		91,832	30.1 %		14,205	39.7 %
Engineered Solutions		8,384	12.7 %		8,832	14.2 %		34,370	12.5 %		34,323	12.0 %
All Other		4,854			5,467			27,693			21,630
Subtotal		$     97,682	25.4 %		$     86,275	25.1 %		$   416,299	23.2 %		$ 324,693	22.2 %
Acquisition & Integration Expenses		237	0.1 %		9,007	2.6 %		2,373	0.1 %		10,411	0.7 %
Customer Program Wind Down		1,987	0.5 %		—	— %		1,987	0.1 %		—	— %
Selling, General & Administrative		$     99,906	25.9 %		$     95,282	27.8 %		$   420,659	23.5 %		$ 335,104	22.9 %
Operating Income
Vehicle Control		$     16,921	8.7 %		$     17,163	9.2 %		$     68,220	8.7 %		$   71,560	9.4 %
Temperature Control		7,254	11.8 %		3,802	6.6 %		61,302	14.4 %		35,782	9.4 %
Nissens Automotive		3,585	5.6 %		385	1.1 %		34,808	11.4 %		385	1.1 %
Engineered Solutions		3,495	5.3 %		1,893	3.0 %		14,762	5.4 %		15,596	5.5 %
All Other		(4,854)			(5,467)			(27,693)			(21,630)
Subtotal		$     26,401	6.9 %		$     17,776	5.2 %		$   151,399	8.5 %		$ 101,693	6.9 %
Restructuring		(543)	-0.1 %		(1,894)	-0.6 %		(2,580)	-0.1 %		(7,668)	-0.5 %
Acquisition & Integration Expenses		(237)	-0.1 %		(12,072)	-3.5 %		(8,583)	-0.5 %		(13,476)	-0.9 %
Customer Program Wind Down		(4,067)	-1.1 %		—	— %		(4,067)	-0.2 %		—	— %
Other Income, Net		19	— %		70	— %		338	— %		75	— %
Operating Income		$     21,573	5.6 %		$       3,880	1.1 %		$   136,507	7.6 %		$   80,624	5.5 %

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
		Three Months Ended December 31,				Twelve Months Ended December 31,
		2025		2024		2025		2024
(In thousands, except per share amounts; unaudited)		(Unaudited)
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings (Loss) from Continuing Operations		$                     9,191		$                      (796)		$                   79,033		$                   53,628
Restructuring Expenses		543		1,894		2,580		7,668
Acquisition & Integration Expenses		237		13,041		8,583		15,245
Customer Program Wind Down		4,067		—		4,067		—
Certain Tax Credits And Production Deductions Finalized In Period		—		—		—		(380)
Income Tax Effect Related To Reconciling Items		(1,260)		(3,631)		(3,960)		(5,705)
Non-GAAP Earnings from Continuing Operations		$                   12,778		$                   10,508		$                   90,303		$                   70,456
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings (Loss) Per Share from Continuing Operations		$                      0.41		$                     (0.04)		$                      3.52		$                      2.41
Restructuring  Expenses		0.02		0.08		0.11		0.34
Acquisition & Integration Expenses		0.01		0.59		0.38		0.69
Customer Program Wind Down		0.18		—		0.18		—
Certain Tax Credits And Production Deductions Finalized In Period		—		—		—		(0.02)
Income Tax Effect Related To Reconciling Items		(0.06)		(0.16)		(0.17)		(0.25)
Non-GAAP Diluted Earnings Per Share from Continuing Operations		$                      0.56		$                      0.47		$                      4.02		$                      3.17
Operating Income
GAAP Operating Income		$                   21,573		$                     3,880		$                 136,507		$                   80,624
Restructuring Expenses		543		1,894		2,580		7,668
Acquisition & Integration Expenses		237		12,072		8,583		13,476
Customer Program Wind Down		4,067		—		4,067		—
Other Income, Net		(19)		(70)		(338)		(75)
Non-GAAP Operating Income		$                   26,401		$                   17,776		$                 151,399		$                 101,693
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$                   13,182		$                         62		$                 110,523		$                   73,989
Depreciation and Amortization		11,455		9,405		43,848		31,413
Interest Expense		7,889		5,548		31,339		13,512
EBITDA		32,526		15,015		185,710		118,914
Restructuring Expenses		543		1,894		2,580		7,668
Acquisition & Integration Expenses		237		12,072		8,583		13,476
Customer Program Wind Down		4,067		—		4,067		—
Special Items		4,847		13,966		15,230		21,144
EBITDA without Special Items		$                   37,373		$                   28,981		$                 200,940		$                 140,058

Management believes that Non-GAAP earnings from continuing operations and Non-GAAP diluted earnings per share from continuing operations which are attributable to SMP, and Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
		Three Months Ended December 31, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income (Loss)		$     16,339		$             7,315		$          3,468		$          (587)		$       (4,962)		$           21,573
Restructuring Expenses		531		—		—		13		(1)		543
Acquisition & Integration Expenses		—		—		129		—		108		237
Customer Program Wind Down		—		—		—		4,067		—		4,067
Other (Income) Expense, Net		52		(61)		(14)		4		—		(19)
Non-GAAP Operating Income (Loss)		$     16,922		$             7,254		$          3,583		$          3,497		$       (4,855)		$           26,401
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes		$     15,292		$             6,466		$       (2,658)		$          (882)		$       (5,036)		$           13,182
Depreciation and Amortization		4,265		938		3,290		2,587		375		11,455
Interest Expense		1,365		581		5,705		554		(316)		7,889
EBITDA		20,922		7,985		6,337		2,259		(4,977)		32,526
Restructuring Expenses		531		—		—		13		(1)		543
Acquisition & Integration Expenses		—		—		129		—		108		237
Customer Program Wind Down		—		—		—		4,067		—		4,067
Special Items		531		—		129		4,080		107		4,847
EBITDA without Special Items		$     21,453		$             7,985		$          6,466		$        6,339		$       (4,870)		$           37,373
% of Net Sales		11.1 %		13.0 %		10.1 %		9.6 %				9.7 %
		Three Months Ended December 31, 2024
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income (Loss)		$     15,621		$             3,635		$      (2,768)		$          1,766		$     (14,374)		$             3,880
Restructuring Expenses		1,536		169		—		189		—		1,894
Acquisition & Integration Expenses		—		—		3,165		—		8,907		12,072
Other Income, Net		6		(2)		(12)		(62)		—		(70)
Non-GAAP Operating Income (Loss)		$     17,163		$             3,802		$           385		$          1,893		$       (5,467)		$           17,776
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes		$     14,893		$             4,216		$      (6,087)		$          2,184		$     (15,144)		$                  62
Depreciation And Amortization		3,860		827		1,943		2,368		407		9,405
Interest Expense		484		312		4,147		560		45		5,548
EBITDA		19,237		5,355		3		5,112		(14,692)		15,015
Restructuring Expenses		1,536		169		—		189		—		1,894
Acquisition & Integration Expenses		—		—		3,165		—		8,907		12,072
Special Items		1,536		169		3,165		189		8,907		13,966
EBITDA without Special Items		$     20,773		$           5,524		$        3,168		$          5,301		$       (5,785)		$           28,981
% of Net Sales		11.1 %		9.5 %		8.9 %		8.5 %				8.4 %

Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
		Twelve Months Ended December 31, 2025
(In thousands; unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income (Loss)		$     65,796		$        61,485		$        26,900		$        10,598		$     (28,272)		$      136,507
Restructuring Expenses		2,271		190		—		118		1		2,580
Acquisition & Integration Expenses		—		—		8,006		—		577		8,583
Customer Program Wind Down		—		—		—		4,067		—		4,067
Other (Income) Expense, Net		154		(373)		(99)		(20)		—		(338)
Non-GAAP Operating Income (Loss)		$     68,221		$        61,302		$        34,807		$        14,763		$     (27,694)		$      151,399
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes		$     62,040		$        61,139		$          5,384		$        10,776		$     (28,816)		$      110,523
Depreciation and Amortization		16,178		3,285		12,935		10,088		1,362		43,848
Interest Expense		5,185		2,469		22,160		2,071		(546)		31,339
EBITDA		83,403		66,893		40,479		22,935		(28,000)		185,710
Restructuring Expenses		2,271		190		—		118		1		2,580
Acquisition & Integration Expenses		—		—		8,006		—		577		8,583
Customer Program Wind Down		—		—		—		4,067		—		4,067
Special Items		2,271		190		8,006		4,185		578		15,230
EBITDA without Special Items		$     85,674		$        67,083		$        48,485		$      27,120		$     (27,422)		$      200,940
% of Net Sales		10.9 %		15.7 %		15.9 %		9.9 %				11.2 %
		Twelve Months Ended December 31, 2024
(In thousands; unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income (Loss)		$     67,306		$        34,937		$      (2,768)		$        14,820		$     (33,671)		$        80,624
Restructuring and Integration Expenses		4,248		847		—		843		1,730		7,668
Acquisition Expenses		—		—		3,165		—		10,311		13,476
Other Income (Loss), Net		6		(2)		(12)		(67)		—		(75)
Non-GAAP Operating Income		$     71,560		$        35,782		$           385		$        15,596		$     (21,630)		$      101,693
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes		$     61,119		$        36,612		$      (6,087)		$        16,666		$     (34,321)		$        73,989
Depreciation And Amortization		14,841		3,307		1,943		9,608		1,714		31,413
Interest Expense		5,976		2,360		4,147		2,364		(1,335)		13,512
EBITDA		81,936		42,279		3		28,638		(33,942)		118,914
Restructuring and Integration Expenses		4,248		847		—		843		1,730		7,668
Acquisition Expenses		—		—		3,165		—		10,311		13,476
Special Items		4,248		847		3,165		843		12,041		21,144
EBITDA without Special Items		$     86,184		$      43,126		$        3,168		$        29,481		$     (21,901)		$      140,058
% of Net Sales		11.3 %		11.3 %		8.9 %		10.3 %				9.6 %

Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.

 

Standard Motor Products, Inc.
Condensed Consolidated Balance Sheets
(In thousands)		December 2025		December 2024
ASSETS
Cash		$                      72,031		$                      44,426
Accounts Receivable, Gross		242,063		216,191
Allowance For Expected Credit Losses		10,043		5,472
Accounts Receivable, Net		232,020		210,719
Inventories		712,151		624,913
Unreturned Customer Inventory		15,771		16,163
Other Current Assets		18,477		25,703
Total Current Assets		1,050,450		921,924
Property, Plant And Equipment, Net		188,562		168,735
Operating Lease Right-of-use Assets		105,178		109,899
Goodwill		256,159		241,418
Customer Relationships Intangibles, Net		212,056		210,430
Other Intangibles, Net		99,102		90,540
Deferred Income Taxes		25,384		13,199
Investment In Unconsolidated Affiliates		26,310		24,842
Other Assets		32,040		33,139
Total Assets		$                 1,995,241		$                 1,814,126
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Portion Of Revolving Credit Facility		$                      30,000		$                      10,800
Current Portion Of Term Loan And Other Debt		21,988		16,317
Accounts Payable		169,089		148,009
Sundry Payables And Accrued Expenses		79,526		84,936
Accrued Customer Returns		49,554		46,471
Accrued Core Liability		12,528		12,807
Accrued Rebates		84,494		76,168
Payroll And Commissions		46,135		40,964
Total Current Liabilities		493,314		436,472
Long-term Debt		566,727		535,197
Noncurrent Operating Lease Liabilities		93,381		98,214
Accrued Asbestos Liabilities		112,625		84,568
Other Accrued Liabilities		30,932		29,593
Total Liabilities		1,296,979		1,184,044
Total SMP Stockholders' Equity		683,699		615,745
Noncontrolling Interest		14,563		14,337
Total Stockholders' Equity		698,262		630,082
Total Liabilities And Stockholders' Equity		$                 1,995,241		$                 1,814,126

 

Standard Motor Products, Inc.
Condensed Consolidated Statements of Cash Flows
	Twelve Months Ended
	December 31,
(In thousands)	2025		2024
Cash Flows From Operating Activities
Net Earnings	$                42,208		$                28,476
Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:
Depreciation And Amortization	43,848		31,413
Loss From Discontinued Operations, Net Of Taxes	37,698		26,128
Other	14,918		2,212
Change In Assets And Liabilities:
Accounts Receivable	(16,767)		(8,753)
Inventory	(81,629)		(36,883)
Accounts Payable	14,601		8,166
Prepaid Expenses And Other Current Assets	6,655		856
Sundry Payables And Accrued Expenses	(6,110)		24,170
Other	2,018		908
Net Cash Provided by Operating Activities	57,440		76,693
Cash Flows From Investing Activities
Acquisitions of and Investments in Businesses	—		(372,491)
Capital Expenditures	(38,724)		(44,018)
Other Investing Activities	3,060		(2,174)
Net Cash Used in Investing Activities	(35,664)		(418,683)
Cash Flows From Financing Activities
Net Change In Debt	27,725		392,630
Purchase Of Treasury Stock	—		(10,428)
Dividends Paid	(27,272)		(25,341)
Dividends Paid to Noncontrolling Interest	(785)		(2,347)
Payments Of Debt Issuance Costs	—		(5,133)
Other Financing Activities	63		166
Net Cash Provided by (Used In) Investing Activities	(269)		349,547
Effect Of Exchange Rate Changes On Cash	6,098		4,343
Net Increase In Cash	27,605		11,900
Cash At Beginning Of Period	44,426		32,526
Cash At End Of Period	$                72,031		$                44,426

 

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SOURCE Standard Motor Products, Inc.

FAQ

What were Standard Motor Products' (SMP) Q4 2025 sales and growth?

Q4 2025 net sales were $385.1 million, up 12.2% year-over-year. According to the company, sales excluding Nissens rose 4.3% as aftermarket demand and customer order patterns strengthened.

How did SMP perform on adjusted earnings and margins for full-year 2025?

Adjusted diluted EPS increased 26.8% for 2025 and adjusted EBITDA margin rose to 11.2%. According to the company, margin gains reflected strong North American and Nissens aftermarket performance exceeding prior guidance.

What impact did Nissens Automotive have on SMP's 2025 results (SMP)?

Nissens contributed $305.4 million in 2025 sales and a 15.9% adjusted EBITDA margin. According to the company, Nissens' brand strength and recent integration drove outsized share gains and profitability.

What guidance did Standard Motor Products (SMP) give for 2026?

SMP expects low- to mid-single-digit sales growth and adjusted EBITDA margin of 11.0%-12.0% for 2026. According to the company, guidance assumes current tariffs and benefits from profitability initiatives and cross-selling synergies.

How did SMP address dividends and balance sheet at February 26, 2026?

The board raised the quarterly dividend to $0.33 per share, payable March 2, 2026. According to the company, total net debt stood at $546.7 million with a leverage target of 2.0x by end of 2026.