Standard Motor Products, Inc. Releases First Quarter 2025 Results and Quarterly Dividend

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) reported strong Q1 2025 results with net sales of $413.4 million, up 24.7% year-over-year. The company's adjusted diluted earnings per share increased 80% to $0.81.

Key highlights include:

• Vehicle Control sales up 3.7%
• Temperature Control segment sales increased 24.1%
• Nissens Automotive contributed $66.2 million in sales with 17.3% adjusted EBITDA margin
• Adjusted EBITDA rose to $42.8 million from $22.9 million last year
• Quarterly dividend of $0.31 per share announced

The company maintains its guidance for top-line growth in the mid-teens and adjusted EBITDA margin of 10-11%, excluding tariff impacts. With over half of US sales coming from North American manufacturing that is USMCA-compliant, SMP is well-positioned to handle potential tariff challenges. The company's strong North American presence and non-discretionary product nature provide stability in uncertain times.

Positive

• Q1 net sales up 24.7% to $413.4M, with 4.8% organic growth excluding Nissens acquisition
• Adjusted EBITDA margin increased 350 basis points to 10.4%
• Adjusted diluted EPS grew 80% to $0.81 vs $0.45 in Q1 2024
• Temperature Control segment sales increased 24.1%
• Nissens acquisition performing well with 17.3% adjusted EBITDA margin
• Over 50% of US sales are from USMCA-compliant North American manufacturing
• Expected $8-12M in cost reduction synergies from Nissens within 24 months
• Quarterly dividend increased to $0.31 per share

Negative

• Engineered Solutions segment sales declined 11.2%
• Total net debt increased to $600.3M due to Nissens acquisition
• 25% of US sales exposed to Chinese tariff risks
• Operating margin declined to 5.9% from previous quarter due to acquisition expenses
• Integration and restructuring expenses of $673,000 in Q1

Insights

Financial Analyst specializing in Automotive Manufacturing

SMP's Q1 shows exceptional 80% EPS growth, with successful Nissens acquisition integration and strong positioning against tariff challenges.

Standard Motor Products delivered outstanding first quarter results that significantly exceeded expectations. Net sales jumped 24.7% to $413.4 million, with organic growth of 4.8% excluding the Nissens acquisition. The most impressive metric is adjusted diluted EPS, which surged 80% to $0.81 from $0.45 last year.

The company demonstrated substantial margin expansion, with adjusted EBITDA margin increasing 350 basis points to 10.4%. This improvement stems from three key factors: the higher-margin Nissens business, operational leverage on strong North American sales, and effective cost containment including benefits from their early retirement program.

The core North American aftermarket business showed remarkable strength. Vehicle Control segment sales increased 3.7%, while Temperature Control segment sales surged 24.1%, driven by both pre-season orders and strong ongoing customer sell-through.

Nissens Automotive, recently acquired, contributed $66.2 million in sales with an adjusted EBITDA margin of 17.3%, exceeding full-year mid-teens expectations. Integration efforts are progressing well, with management confident in achieving $8-12 million in run-rate cost synergies within 24 months.

SMP appears well-positioned to handle tariff challenges, with over half of US sales coming from North American manufacturing that's USMCA-compliant and largely tariff-free. Only about a quarter of US sales come from China-sourced products, limiting exposure. Management indicated they plan to mitigate impacts primarily through price pass-through to customers.

The company maintained its full-year guidance for mid-teens top-line growth and 10-11% adjusted EBITDA margin, excluding tariff impacts. The Board approved a quarterly dividend of 31 cents per share, payable June 2 to shareholders of record on May 15.

• First quarter net sales of $413.4 million up 24.7%, and up 4.8% excluding Nissens
• First quarter adjusted EBITDA margin increased 350 basis points to 10.4%
• Adjusted diluted earnings per share of $0.81 in the quarter increased 80% from last year
• Strong North American manufacturing footprint well-positioned to help mitigate tariff impact

NEW YORK, April 30, 2025 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2025.

Net sales for the first quarter of 2025 were $413.4 million, compared to consolidated net sales of $331.4 million during the same quarter in 2024. Earnings from continuing operations for the first quarter of 2025 was $13.7 million or $0.61 per diluted share, compared to earnings of $9.9 million or $0.44 per diluted share in the first 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 first quarter of 2025 were $18.0 million or $0.81 per diluted share, compared to $10.0 million or $0.45 per diluted share in the first quarter of 2024. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We are very pleased with the first quarter results which exceeded our expectations.  Sales for the quarter were up nearly 25%, and excluding the impact of the recent acquisition of Nissens Automotive ("Nissens"), sales were up nearly 5%.  Additionally, adjusted diluted earnings per share were up 80% for the quarter, with strong profit performance from all segments."

Within our North American aftermarket business, both segments had strong quarters.  Vehicle Control sales increased 3.7% in the first quarter, continuing the positive trend from last year.   Customer order patterns were solid as we saw steady demand for our products, which tend to be more non-discretionary in nature. 

Our Temperature Control segment is off to an excellent start as sales increased 24.1%.  The strength seen in the fourth quarter has continued, driven by a combination of planned pre-season orders, which can shift between quarters in any given year, and strong ongoing customer sell-through.     

For Engineered Solutions, first quarter sales declined 11.2% as softness in certain of our end markets continued. On a positive note, the customer and product mix has shown improvement, generating improved profitability on lower sales. We continue to win new business awards which bodes well for future growth as the cycle recovers.

Moving to our newest segment, Nissens, we were pleased with the performance during its first full quarter of ownership, as it contributed sales of $66.2 million, with an adjusted EBITDA margin of 17.3%, slightly better than our full-year mid-teens rate expectations for the segment.  Our integration efforts are well underway, and we remain very confident in our initial target of $8-12 million in run-rate cost reduction synergies within 24 months of ownership. We look forward to updating you as we move further into the integration process and remain very excited about the future potential.   

Looking at profitability, adjusted EBITDA increased to $42.8 million, up from $22.9 million last year, with just over half of the gain from Nissens and the balance from the improved performance of our other segments. Adjusted EBITDA margin climbed 350 basis points to 10.4%, due to the higher rate of Nissens, leverage on the solid sales from our North American business, and various cost containment actions, including the benefit from our previously disclosed early retirement program. We remain focused on our cost savings initiatives and continue to look at ways to drive margin improvement going forward. 

From a balance sheet perspective, our cash flows and borrowings were in line with expectations.  Total net debt at quarter-end stood at $600.3 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build.     

Regarding the recently announced tariffs, we are currently assessing the impact on our business in what remains a fluid environment. We believe our diverse global footprint provides a competitive advantage.  Over half of our sales in the US are from products manufactured in North America that are USMCA-compliant and thus are currently largely tariff-free. Products sourced from China represent only about a quarter of our US sales, with the remainder coming from lower-tariffed regions. Furthermore, our recent acquisition of Nissens provides meaningful sales diversification outside of the US.  We are judiciously planning our mitigation steps, which will largely come from pass-through pricing to our customers.

Regarding our outlook for the year, we maintain our previous guidance for top-line growth to be in the mid-teens, and adjusted EBITDA margin in a range of 10-11%. However, this excludes the impact of tariffs due to the ongoing uncertainty of how they will ultimately play out. We note that under a tariff passthrough, we typically see a sales increase with minimal change to profit dollars, accompanied by some degree of reduced profit margin rate. Once things stabilize and we have better clarity regarding the impact on our business performance, we expect to update our estimates. 

The Board of Directors has approved payment of a quarterly dividend of 31 cents per share on the common stock outstanding, which will be paid on June 2, 2025, to stockholders of record on May 15, 2025.

In closing, Mr. Sills commented, "We are excited about the strong start to 2025.  Although the macroeconomic environment may remain volatile for the foreseeable future, the underlying fundamentals of the aftermarket have proven to be resilient, both in the US and Europe, particularly in challenging times.  The largely non-discretionary nature of our business, coupled with our large North American manufacturing base mitigating tariff exposure, should provide stability as we navigate this period of uncertainty.  We remain optimistic about our long-term potential, led by the growth and synergy savings that Nissens will provide in the coming years.  We will remain focused on finding ways to drive shareholder value, and on positioning the company to take advantage of the many opportunities we see before us. As always, we thank our employees that make all this possible."  

Conference Call

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Wednesday, April 30, 2025.  This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'25 Earnings Call Earnings Webcast link.  Investors may also listen to the call by dialing 800-274-8461 (domestic) or 203-518-9814 (international).  The conference call ID code is SMP1Q2025.  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 800-934-7884 (domestic) or 402-220-6987 (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 March 31,
(In thousands, except share and per share data, unaudited)	2025		2024
Net sales	$              413,379		$              331,403
Cost of sales	288,657		241,881
Gross profit	124,722		89,522
Selling, general and administrative expenses	99,845		74,733
Restructuring and integration expenses	673		192
Other income, net	258		22
Operating income	24,462		14,619
Other non-operating income, net	2,248		819
Interest expense	7,761		2,067
Earnings from continuing operations before income taxes	18,949		13,371
Provision for income taxes	5,069		3,342
Earnings from continuing operations	13,880		10,029
Loss from discontinued operations, net of income taxes	(1,139)		(1,039)
Net earnings	12,741		8,990
Net earnings attributable to noncontrolling interest	175		166
Net earnings attributable to SMP	$                12,566		$                  8,824
Net earnings (loss) attributable to SMP
Continuing operations	$                13,705		$                  9,863
Discontinued operations	(1,139)		(1,039)
Net earnings attributable to SMP	$                12,566		$                  8,824
Per common share data
Basic:
Continuing operations	$                    0.63		$                    0.45
Discontinued operations	(0.06)		(0.05)
Net earnings attributable to SMP per common share	$                    0.57		$                    0.40
Diluted:
Continuing operations	$                    0.61		$                    0.44
Discontinued operations	(0.05)		(0.05)
Net earnings attributable to SMP per common share	$                    0.56		$                    0.39
Dividend declared per common share	$                    0.31		$                    0.29
Weighted average number of common shares, basic	21,886,810		21,923,830
Weighted average number of common shares, diluted	22,319,868		22,372,543

 

Standard Motor Products, Inc.
Segment Revenues
	Three Months Ended March 31,
(in thousands, unaudited)	2025		2024
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)	$              118,366		$              116,085
Electrical and Safety	58,319		52,407
Wire Sets and Other	15,657		17,032
Total Vehicle Control	192,342		185,524
Temperature Control
AC System Components	67,191		49,960
Other Thermal Components	21,692		21,648
Total Temperature Control	88,883		71,608
Engineered Solutions
Light Vehicle	21,404		21,803
Commercial Vehicle	18,605		22,908
Construction/Agriculture	9,408		10,076
All Other	16,555		19,484
Total Engineered Solutions	65,972		74,271
Nissens Automotive
Engine Cooling	27,773		—
Air Conditioning	27,166		—
Engine Efficiency	11,243		—
Total Nissens Automotive	66,182		—
Total	$              413,379		$              331,403

 

Standard Motor Products, Inc.
Segment Operating Profit
		Three Months Ended March 31,
(in thousands, unaudited)		2025			2024
Gross Margin
Vehicle Control		$                   62,161	32.3 %		$                   58,899	31.7 %
Temperature Control		27,598	31.0 %		19,689	27.5 %
Engineered Solutions		11,709	17.7 %		10,934	14.7 %
Nissens Automotive		27,838	42.1 %		—	— %
All Other		—			—
Subtotal		$                 129,306	31.3 %		$                   89,522	27.0 %
Acquisition Expenses		(4,584)	-1.1 %		—	— %
Gross Margin		$                 124,722	30.2 %		$                   89,522	27.0 %
Selling, General & Administrative
Vehicle Control		$                   43,835	22.8 %		$                   43,258	23.3 %
Temperature Control		19,823	22.3 %		17,600	24.6 %
Engineered Solutions		8,514	12.9 %		8,691	11.7 %
Nissens Automotive		20,254	30.6 %		—	— %
All Other		6,856			5,184
Subtotal		$                   99,282	24.0 %		$                   74,733	22.6 %
Acquisition Expenses		563	0.1 %		—	— %
Selling, General & Administrative		$                   99,845	24.2 %		$                   74,733	22.6 %
Operating Income
Vehicle Control		$                   18,326	9.5 %		$                   15,641	8.4 %
Temperature Control		7,775	8.7 %		2,089	2.9 %
Engineered Solutions		3,195	4.8 %		2,243	3.0 %
Nissens Automotive		7,584	11.5 %		—	— %
All Other		(6,856)			(5,184)
Subtotal		$                   30,024	7.3 %		$                   14,789	4.5 %
Restructuring & Integration		(673)	-0.2 %		(192)	-0.1 %
Acquisition Expenses		(5,147)	-1.2 %		—	— %
Other Income, Net		258	0.1 %		22	— %
Operating Income		$                   24,462	5.9 %		$                   14,619	4.4 %

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited)		Three Months Ended
		March 31,
		2025		2024
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations		$             13,705		$               9,863
Restructuring and Integration Expenses		673		192
Acquisition Expenses		5,147		—
Income Tax Effect Related To Reconciling Items		(1,513)		(50)
Non-GAAP Earnings from Continuing Operations		$             18,012		$             10,005
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations		$                 0.61		$                 0.44
Restructuring and Integration Expenses		0.03		0.01
Acquisition Expenses		0.23		—
Income Tax Effect Related To Reconciling Items		(0.06)		—
Non-GAAP Diluted Earnings Per Share from Continuing Operations		$                 0.81		$                 0.45
Operating Income
GAAP Operating Income		$             24,462		$             14,619
Restructuring and Integration Expenses		673		192
Acquisition Expenses		5,147		—		Last Twelve Months Ended
Other Income, Net		(258)		(22)		March 31,				Year Ended
Non-GAAP Operating Income		$             30,024		$             14,789		2025		2024		December 31, 2024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$             18,949		$             13,371		$                  79,567		$                  77,978		$                   73,989
Depreciation and Amortization		10,267		7,301		34,379		29,241		31,413
Interest Expense		7,761		2,067		19,206		11,492		13,512
EBITDA		36,977		22,739		133,152		118,711		118,914
Restructuring and Integration Expenses		673		192		8,149		1,922		7,668
Acquisition Expenses		5,147		—		18,623		—		13,476
Special Items		5,820		192		26,772		1,922		21,144
EBITDA without Special Items		$             42,797		$             22,931		$                159,924		$                120,633		$                 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 March 31, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Engineered Solutions		Nissens Automotive		All Other		Consolidated
Operating Income
GAAP Operating Income		$     17,782		$             7,900		$          3,176		$          2,587		$       (6,983)		$           24,462
Restructuring and Integration Expenses		526		136		20		—		(9)		673
Acquisition Expenses		—		—		—		5,011		136		5,147
Other (Income) Expense, Net		18		(261)		(1)		(14)		—		(258)
Non-GAAP Operating Income		$     18,326		$             7,775		$          3,195		$          7,584		$       (6,856)		$           30,024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$     17,046		$             7,948		$          3,431		$       (2,151)		$       (7,325)		$           18,949
Depreciation and Amortization		3,669		778		2,500		2,987		333		10,267
Interest Expense		1,007		539		459		5,620		136		7,761
EBITDA		21,722		9,265		6,390		6,456		(6,856)		36,977
Restructuring and Integration Expenses		526		136		20		—		(9)		673
Acquisition Expenses		—		—		—		5,011		136		5,147
Special Items		526		136		20		5,011		127		5,820
EBITDA without Special Items		$     22,248		$             9,401		$        6,410		$        11,467		$       (6,729)		$           42,797
% of Net Sales		11.6 %		10.6 %		9.7 %		17.3 %				10.4 %
		Three Months Ended March 31, 2024
(In thousands, unaudited)		Vehicle Control		Temperature Control		Engineered Solutions		Nissens Automotive		All Other		Consolidated
Operating Income
GAAP Operating Income		$     15,540		$             2,031		$          2,232		$             —		$       (5,184)		$           14,619
Restructuring and Integration Expenses		101		58		33		—		—		192
Other Income, Net		—		—		(22)		—		—		(22)
Non-GAAP Operating Income		$     15,641		$             2,089		$          2,243		$             —		$       (5,184)		$           14,789
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$     14,315		$             1,888		$          2,346		$             —		$       (5,178)		$           13,371
Depreciation And Amortization		3,525		898		2,469		—		409		7,301
Interest Expense		1,427		531		664		—		(555)		2,067
EBITDA		19,267		3,317		5,479		—		(5,324)		22,739
Restructuring and Integration Expenses		101		58		33		—		—		192
Special Items		101		58		33		—		—		192
EBITDA without Special Items		$     19,368		$           3,375		$          5,512		$             —		$       (5,324)		$           22,931
% of Net Sales		10.4 %		4.7 %		7.4 %		— %				6.9 %

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)		March 31, 2025		March 31, 2024		December 31, 2024
		Unaudited		Unaudited
ASSETS
Cash And Cash Equivalents		$                    50,276		$                    27,113		$                     44,426
Accounts Receivable, Gross		287,952		212,224		216,191
Allowance For Expected Credit Losses		7,157		8,284		5,472
Accounts Receivable, Net		280,795		203,940		210,719
Inventories		641,131		520,702		624,913
Unreturned Customer Inventory		17,597		18,007		16,163
Other Current Assets		26,282		26,674		25,703
Total Current Assets		1,016,081		796,436		921,924
Property, Plant And Equipment, Net		174,636		124,822		168,735
Operating Lease Right-of-use Assets		112,022		102,060		109,899
Goodwill		246,115		134,624		241,418
Customer Relationships Intangibles, Net		212,378		74,029		210,430
Other Intangibles, Net		93,087		15,971		90,540
Deferred Income Taxes		14,064		40,241		13,199
Investment In Unconsolidated Affiliates		26,013		24,751		24,842
Other Assets		31,695		38,627		33,139
Total Assets		$              1,926,091		$              1,351,561		$               1,814,126
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Portion Of Revolving Credit Facility		$                      4,350		$                            —		$                     10,800
Current Portion Of Term Loan And Other Debt		18,876		5,030		16,317
Accounts Payable		151,206		98,293		148,009
Sundry Payables And Accrued Expenses		81,036		58,714		84,936
Accrued Customer Returns		66,087		47,220		46,471
Accrued Core Liability		11,722		17,438		12,807
Accrued Rebates		73,050		45,191		76,168
Payroll And Commissions		31,050		27,326		40,964
Total Current Liabilities		437,377		299,212		436,472
Long-term Debt		627,329		209,872		535,197
Noncurrent Operating Lease Liability		99,885		90,667		98,214
Accrued Asbestos Liabilities		79,928		68,985		84,568
Other Liabilities		29,135		27,704		29,593
Total Liabilities		1,273,654		696,440		1,184,044
Total SMP Stockholders' Equity		637,961		639,150		615,745
Noncontrolling Interest		14,476		15,971		14,337
Total Stockholders' Equity		652,437		655,121		630,082
Total Liabilities And Stockholders' Equity		$              1,926,091		$              1,351,561		$               1,814,126

 

Standard Motor Products, Inc.
Condensed Consolidated Statements of Cash Flows
	Three Months Ended
	March 31,
(In thousands, unaudited)	2025		2024
Cash Flows From Operating Activities
Net Earnings	$                12,741		$                  8,990
Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:
Depreciation And Amortization	10,267		7,301
Other	6,048		3,511
Change In Assets And Liabilities:
Accounts Receivable	(68,882)		(43,978)
Inventory	(14,576)		(14,670)
Prepaid Expenses And Other Current Assets	1,438		1,649
Accounts Payable	957		(9,274)
Sundry Payables And Accrued Expenses	(3,185)		3,988
Other	(5,028)		(3,233)
Net Cash Used In Operating Activities	(60,220)		(45,716)
Cash Flows From Investing Activities
Capital Expenditures	(9,132)		(10,086)
Other Investing Activities	2,923		15
Net Cash Used In Investing Activities	(6,209)		(10,071)
Cash Flows From Financing Activities
Net Change In Debt	79,094		58,692
Purchase Of Treasury Stock	—		(2,235)
Dividends Paid	(6,777)		(6,392)
Other Financing Activities	191		315
Net Cash Provided By Financing Activities	72,508		50,380
Effect Of Exchange Rate Changes On Cash	(229)		(6)
Net Increase (Decrease) In Cash And Cash Equivalents	5,850		(5,413)
Cash And Cash Equivalents At Beginning Of Period	44,426		32,526
Cash And Cash Equivalents At End Of Period	$                50,276		$                27,113

 

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SOURCE Standard Motor Products, Inc.

FAQ

How much did Standard Motor Products (SMP) earnings grow in Q1 2025?

SMP's adjusted earnings per share grew 80% to $0.81 in Q1 2025, compared to $0.45 in Q1 2024. Net earnings from continuing operations increased to $13.7 million from $9.9 million year-over-year.

What is SMP's quarterly dividend payment for Q1 2025?

Standard Motor Products announced a quarterly dividend of 31 cents per share, payable on June 2, 2025, to stockholders of record on May 15, 2025.

How much revenue did Nissens add to SMP's Q1 2025 sales?

Nissens Automotive contributed $66.2 million in sales during Q1 2025, with an adjusted EBITDA margin of 17.3%, performing slightly better than expected.

What is SMP's exposure to Chinese tariffs in 2025?

Only about 25% of SMP's US sales come from Chinese-sourced products. Over 50% of US sales are from North American manufacturing that is USMCA-compliant and largely tariff-free.

What is Standard Motor Products' revenue guidance for 2025?

SMP maintains its guidance for top-line growth in the mid-teens and adjusted EBITDA margin of 10-11% for 2025, excluding potential tariff impacts.