Standard Motor Products, Inc. Releases First Quarter 2026 Results and Quarterly Dividend

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) reported Q1 2026 net sales of $451.2M, up 9.1% year-over-year, and GAAP diluted EPS from continuing operations of $0.81 (adjusted EPS $0.82). Adjusted EBITDA rose to $44.5M. Net debt was $599.4M with leverage of 3.0x. The board declared a $0.33 quarterly dividend payable June 1, 2026. Management reaffirmed full-year guidance for low- to mid-single-digit sales growth and an adjusted EBITDA margin target of 11%–12%, and noted tariff and currency pressures that may affect margins.

Positive

• Vehicle Control sales +11.2% year-over-year
• Nissens sales +12.4% to $74.4 million
• Engineered Solutions sales +12.6% year-over-year
• Adjusted EBITDA of $44.5 million reported

Negative

• Net debt leverage rose to 3.0x at quarter-end
• Engineered Solutions gross margin down to 13.8%
• Nissens EBITDA hit by currency transaction losses
• Guidance notes margin compression from tariff pass-through

News Market Reaction – SMP

+1.27%

1 alert

+1.27% Session close to close

$873.17M Market Cap

0.2x Rel. Volume

In the Apr 30 session, SMP gained 1.27%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines Q1 2026 growth with a reaffirmed outlook and a $0.33 quarterly dividend. ...

Analysis

This announcement combines Q1 2026 growth with a reaffirmed outlook and a $0.33 quarterly dividend. Net sales rose to $451.2M, adjusted EBITDA reached $44.5M, and non-GAAP diluted EPS edged up to $0.82. At the same time, net debt of $599.4M and leverage of 3.0x remain important to monitor relative to management’s long-term deleveraging targets and historical earnings patterns.

Key Figures

Net sales: $451.2M Adj. diluted EPS: $0.82 Adjusted EBITDA: $44.5M +5 more

8 metrics

Net sales $451.2M Q1 2026 net sales vs $413.4M in Q1 2025

Adj. diluted EPS $0.82 Q1 2026 non-GAAP EPS vs $0.81 in Q1 2025

Adjusted EBITDA $44.5M Q1 2026 adjusted EBITDA vs $42.8M in Q1 2025

Net earnings SMP $17.136M Q1 2026 net earnings attributable to SMP vs $12.566M 2025

Total net debt $599.4M Quarter-end Q1 2026 net debt level

Net debt leverage 3.0x Q1 2026 net debt / adjusted EBITDA leverage

Dividend per share $0.33 Quarterly dividend payable June 1, 2026

EBITDA w/o special items $44.497M Q1 2026 EBITDA without special items

Previous Dividends,earnings Reports

4 past events · Latest: Apr 30 (Positive)

Same Type Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 30	Q1 2025 earnings	Positive	+11.3%	Strong Q1 2025 sales and 80% jump in adjusted diluted EPS plus dividend.
Oct 30	Q3 2024 earnings	Positive	+19.0%	Q3 2024 sales and adjusted EPS growth with margin improvement and dividend.
Aug 01	Q2 2024 earnings	Positive	+0.8%	Q2 2024 double-digit sales growth, higher EPS and announced Nissens deal.
May 01	Q1 2024 earnings	Positive	+2.1%	Q1 2024 results with modest sales growth, lower EPS and guided margins.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings-plus-dividend announcements have historically coincided with positive next-day moves, suggesting the market often rewards SMP’s quarterly updates.

Recent Company History

Over the past two years, SMP’s dividends,earnings releases have typically featured sales growth, expanding adjusted EBITDA, and steady dividend declarations. Q1 2024 showed mixed margins but still a positive reaction, while Q2 and Q3 2024 and Q1 2025 highlighted stronger sales and EPS growth with upbeat price responses. Today’s Q1 2026 report, with higher net sales, modest EPS improvement and a $0.33 dividend, fits this pattern of operational progress and shareholder returns.

Key Terms

adjusted ebitda, non-gaap, diluted earnings per share, ebitda without special items, +4 more

8 terms

adjusted ebitda financial

"Adjusted Q1 non-GAAP diluted earnings per share of $0.82 and adjusted EBITDA of $44.5 million"

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.

non-gaap financial

"Adjusted Q1 non-GAAP diluted earnings per share of $0.82"

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.

View in glossary

diluted earnings per share financial

"diluted earnings per share of $0.81 per diluted share"

Diluted earnings per share is a measure of a company's profit allocated to each share of stock, taking into account all possible shares that could be created through stock options, convertible bonds, or other securities. It shows the lowest possible earnings per share if all these potential shares were issued, helping investors understand the worst-case scenario for their ownership. This figure matters because it provides a more conservative view of a company's profitability per share.

ebitda without special items financial

"EBITDA without Special Items | | $ 44,497 | | $ 42,797"

EBITDA without special items is a measure of a company's operating profit before interest, taxes, depreciation and amortization, with one-time or unusual gains and losses removed. It aims to show the recurring cash-generating performance of the core business—like comparing a household’s regular monthly bills while ignoring a one-off roof repair—helping investors judge ongoing profitability and make apples-to-apples comparisons across periods or peers.

restructuring expenses financial

"Restructuring expenses | 366 | | 673"

Restructuring expenses are one-time costs a company incurs when it reorganizes how it operates — for example, closing locations, laying off employees, reducing the recorded value of assets, or ending contracts — to cut costs or shift strategy. Investors pay attention because these charges lower reported profits now but can indicate steps to improve future cash flow and competitiveness, like paying for renovations to make a house easier to run or sell later.

acquisition & integration expenses financial

"Acquisition & Integration Expenses | | 2 | | 5,147"

Costs a company incurs to buy another business and fold it into its operations, including purchase-related fees, legal and advisory bills, employee severance, systems and IT integration, facility moves, and restructuring expenses. These matter to investors because they reduce short-term profits and cash while enabling future savings or revenue growth if the integration succeeds, so large or recurring charges can signal heavy upfront investment, execution risk, or delayed benefits—think of buying a house and paying to renovate and connect utilities before you can live comfortably.

operating income financial

"Operating income | 34,093 | | 24,462"

Operating income is the profit a company earns from its regular business activities after subtracting the costs directly related to running the business, such as wages, rent, and supplies. It shows how well the core operations are performing, ignoring income or expenses from non-regular activities like investments or one-time events. Investors use it to assess the company's efficiency and profitability from its main work.

View in glossary

provision for income taxes financial

"Provision for income taxes | 6,826 | | 5,069"

An accounting entry that estimates the amount of income tax a company expects to owe for a reporting period, recorded as an expense that reduces reported profit. Think of it like setting money aside for an expected tax bill: it affects reported earnings, cash needs, and the effective tax rate investors use to compare companies and judge profitability and future cash available for dividends or reinvestment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Strong first quarter net sales of $451.2 million up, 9.1% from last year, with increases in all segments
  
  
• Adjusted Q1 non-GAAP diluted earnings per share of $0.82 and adjusted EBITDA of $44.5 million vs.$0.81 and $42.8 million last year, respectively
  
  
• Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%

NEW YORK, April 30, 2026 /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, 2026.

Net sales for the first quarter of 2026 were $451.2 million, compared to consolidated net sales of $413.4 million during the same quarter in 2025. Earnings from continuing operations for the first quarter of 2026 were $18.3 million or $0.81 per diluted share, compared to earnings of $13.7 million or $0.61 per diluted share in the first quarter of 2025. 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 2026 were $18.6 million or $0.82 per diluted share, compared to $18.0 million or $0.81 per diluted share in the first quarter of 2025. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We are quite pleased with our performance in the first quarter. Sales for the quarter increased  9.1%, with all segments performing well, reflecting a continuation of the steady customer demand experienced throughout last year. 

First Quarter Highlights:

North American Aftermarket Segments

• Vehicle Control sales increased 11.2% in the first quarter, largely on the strength of customer pipeline orders as they expand assortments to capture DIFM share.  We continue to experience favorable demand, as evidenced by strong customer POS and reflective of the non-discretionary nature of our products.  We also saw a nominal lift from pass-through tariff pricing.
  
  
• Temperature Control sales increased a modest 0.7%, against last year's record first quarter, when sales were up 24%. As we enter our second quarter, we still have preseason orders left to ship as customers prepare for the upcoming summer selling season.  While we are off to a strong start, including favorable customer POS, ultimately this seasonal business will be determined by the strength of the summer months.       

Nissens

Nissens sales increased 12.4% to $74.4 million, driven by a stronger currency conversion. Our sales grew 2.7% in local currency against a difficult comparison.  2025 was marked by robust first half customer orders, while this year has returned to a more normal cadence.  As we are now into our second year of ownership, we begin to look towards growth related to recently launched product categories and remain excited about the multitude of opportunities ahead.   

Engineered Solutions

Sales in the Engineered Solutions segment showed solid growth of 12.6% over last year's soft first quarter as demand continues to recover. Sales growth was aided by recovery in commercial vehicle and power sports end-markets, driven by ordering patterns with certain customers.   

Profitability & Balance Sheet

Adjusted EBITDA for the quarter increased to $44.5 million, up from $42.8 million last year, driven by solid performance across our North American Aftermarket segments. Nissens EBITDA was negatively impacted by currency transaction losses on sourcing this quarter, and Engineered Solutions experienced temporary unfavorable manufacturing variances as well as certain inflationary headwinds. 

From a balance sheet perspective, our cash flows and borrowings were in line with expectations.  Total net debt at quarter-end stood at $599.4 million, primarily reflecting an increase over year-end due to seasonal working capital build as sales ramp-up each year during the first quarter. Importantly, our inventory declined slightly in the quarter as we were well prepared for sales orders coming into the year.  Our net debt leverage increased modestly to 3.0x due to seasonal working capital build, and we continue to target reducing net debt levels to 2.0x adjusted EBITDA by the end of 2026.              

2026 Guidance Update

Our outlook for the full year of 2026 reaffirms our 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 an ongoing recovery in Engineered Solutions, offset by a lapping of both tariff pricing and the benefits of stronger currency conversion.

Further, we expect Adjusted EBITDA will be in a range of 11% -12%, aided by initiatives we have underway to drive ongoing profitability gains, partially offset by margin compression attributable to passing through tariffs at cost, which began in the second half of 2025.  Note that our guidance excludes the impact of ongoing changes in the tariff landscape, or any significant inflationary impact from the conflict in the Middle East. We intend to address these pressures with our usual combination of cost savings and pricing programs. 

Dividends

The Board of Directors has approved payment of a quarterly dividend of 33 cents per share on the common stock outstanding, which will be paid on June 1, 2026, to stockholders of record on May 15, 2026.

Closing Remarks

In closing, Mr. Sills commented, "We are off to a strong start to 2026 and are encouraged by the overall trends across our segments.  While the near-term macroeconomic and tariff-related volatility persists, we continue to find ways to perform well in a challenging environment, and leverage our market leadership and the nondiscretionary nature of our products.  We are excited about our global opportunities to drive growth and profitability and look forward to another year to deliver value to all our shareholders.  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, April 30, 2026.  This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'26 Earnings Call Webcast link.  Investors may also listen to the call by dialing 800-267-6316 (domestic) or 203-518-9783 (international).  The conference call ID code is SMP1Q2026.  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 800-934-8340 (domestic) or 402-220-6993 (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)	2026		2025
Net sales	$         451,166		$         413,379
Cost of sales	311,993		288,657
Gross profit	139,173		124,722
Selling, general and administrative expenses	104,837		99,845
Restructuring expenses	366		673
Other income, net	123		258
Operating income	34,093		24,462
Other non-operating income (loss), net	(1,279)		2,248
Interest expense	7,518		7,761
Earnings from continuing operations before income taxes	25,296		18,949
Provision for income taxes	6,826		5,069
Earnings from continuing operations	18,470		13,880
Loss from discontinued operations, net of income taxes	(1,185)		(1,139)
Net earnings	17,285		12,741
Net earnings attributable to noncontrolling interest	149		175
Net earnings attributable to SMP	$          17,136		$          12,566
Net earnings (loss) attributable to SMP
Continuing operations	$          18,321		$          13,705
Discontinued operations	(1,185)		(1,139)
Net earnings attributable to SMP per common share	$          17,136		$          12,566
Per common share data
Basic:
Continuing operations	$             0.83		$             0.63
Discontinued operations	(0.06)		(0.06)
Net earnings attributable to SMP per common share	$             0.77		$             0.57
Diluted:
Continuing operations	$             0.81		$             0.61
Discontinued operations	(0.06)		(0.05)
Net earnings attributable to SMP per common share	$             0.75		$             0.56
Dividend declared per common share	$             0.33		$             0.31
Weighted average number of common shares, basic	22,167,006		21,886,810
Weighted average number of common shares, diluted	22,719,732		22,319,868

 

Standard Motor Products, Inc.
Segment Revenues
	Three Months Ended March 31,
(in thousands, unaudited)	2026		2025
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)	$         141,087		$         118,366
Electrical and Safety	57,866		58,319
Wire Sets and Other	14,886		15,657
Total Vehicle Control	213,839		192,342
Temperature Control
AC System Components	65,198		67,191
Other Thermal Components	24,306		21,692
Total Temperature Control	89,504		88,883
Nissens Automotive
Air Conditioning	26,273		27,166
Engine Cooling	31,451		27,773
Engine Efficiency	16,643		11,243
Total Nissens Automotive	74,367		66,182
Engineered Solutions
Light Vehicle	22,920		21,404
Commercial Vehicle	22,908		18,605
Construction/Agriculture	9,504		9,408
All Other	18,980		16,555
Total Engineered Solutions	74,312		65,972
Intersegment sales	(856)		—
Total	$         451,166		$         413,379

 

Standard Motor Products, Inc.
Segment Operating Profit
		Three Months Ended March 31,
(in thousands, unaudited; percentage of net sales)		2026			2025
Gross Margin
Vehicle Control		$          68,165	31.9 %		$          62,161	32.3 %
Temperature Control		28,652	32.0 %		27,598	31.0 %
Nissens Automotive		32,071	43.1 %		27,838	42.1 %
Engineered Solutions		10,285	13.8 %		11,709	17.7 %
All Other		—			—
Subtotal		$         139,173	30.8 %		$         129,306	31.3 %
Acquisition Expenses		—	— %		(4,584)	-1.1 %
Gross Margin		$         139,173	30.8 %		$         124,722	30.2 %
Selling, General & Administrative
Vehicle Control		$          47,962	22.4 %		$          43,835	22.8 %
Temperature Control		18,058	20.2 %		19,823	22.3 %
Nissens Automotive		24,200	32.5 %		20,254	30.6 %
Engineered Solutions		8,556	11.5 %		8,514	12.9 %
All Other		6,059			6,856
Subtotal		$         104,835	23.2 %		$          99,282	24.0 %
Acquisition Expenses		2	— %		563	0.1 %
Selling, General & Administrative		$         104,837	23.2 %		$          99,845	24.2 %
Operating Income
Vehicle Control		$          20,203	9.4 %		$          18,326	9.5 %
Temperature Control		10,594	11.8 %		7,775	8.7 %
Nissens Automotive		7,871	10.6 %		7,584	11.5 %
Engineered Solutions		1,729	2.3 %		3,195	4.8 %
All Other		(6,059)			(6,856)
Subtotal		$          34,338	7.6 %		$          30,024	7.3 %
Restructuring		(366)	-0.1 %		(673)	-0.2 %
Acquisition & Integration Expenses		(2)	— %		(5,147)	-1.2 %
Other Income, Net		123	— %		258	0.1 %
Operating Income		$          34,093	7.6 %		$          24,462	5.9 %

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited)		Three Months Ended
		March 31,
		2026		2025
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations		$         18,321		$         13,705
Restructuring Expenses		366		673
Acquisition & Integration Expenses		2		5,147
Income Tax Effect Related To Reconciling Items		(96)		(1,513)
Non-GAAP Earnings from Continuing Operations		$         18,593		$         18,012
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations		$            0.81		$            0.61
Restructuring  Expenses		0.01		0.03
Acquisition & Integration Expenses		—		0.23
Income Tax Effect Related To Reconciling Items		—		(0.06)
Non-GAAP Diluted Earnings Per Share from Continuing Operations		$            0.82		$            0.81
Operating Income
GAAP Operating Income		$         34,093		$         24,462
Restructuring Expenses		366		673
Acquisition & Integration Expenses		2		5,147		Last Twelve Months Ended
Other Income, Net		(123)		(258)		March 31,				Year Ended
Non-GAAP Operating Income		$         34,338		$         30,024		2026		2025		December 31, 2025
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$         25,296		$         18,949		$       116,870		$         79,567		$       110,523
Depreciation and Amortization		11,315		10,267		44,896		34,379		43,848
Interest Expense		7,518		7,761		31,096		19,206		31,339
EBITDA		44,129		36,977		192,862		133,152		185,710
Restructuring Expenses		366		673		2,273		8,149		2,580
Acquisition & Integration Expenses		2		5,147		3,438		18,623		8,583
Customer Program Wind Down		—		—		4,067		—		4,067
Special Items		368		5,820		9,778		26,772		15,230
EBITDA without Special Items		$         44,497		$         42,797		$       202,640		$       159,924		$       200,940

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, 2026
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income		$   19,613		$       10,843		$       7,873		$       1,822		$    (6,058)		$       34,093
Restructuring Expenses		272		70		—		24		—		366
Acquisition & Integration Expenses		—		—		2		—		—		2
Other (Income) Expense, Net		319		(320)		(5)		(117)		—		(123)
Non-GAAP Operating Income		$   20,204		$       10,593		$       7,870		$       1,729		$    (6,058)		$       34,338
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$   17,877		$       10,393		$       1,361		$       1,937		$    (6,272)		$       25,296
Depreciation and Amortization		4,297		808		3,266		2,594		350		11,315
Interest Expense		1,864		738		4,647		567		(298)		7,518
EBITDA		24,038		11,939		9,274		5,098		(6,220)		44,129
Restructuring Expenses		272		70		—		24		—		366
Acquisition & Integration Expenses		—		—		2		—		—		2
Special Items		272		70		2		24		—		368
EBITDA without Special Items		$   24,310		$       12,009		$       9,276		$     5,122		$    (6,220)		$       44,497
% of Net Sales		11.4 %		13.4 %		12.5 %		6.9 %				9.9 %
		Three Months Ended March 31, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		All Other		Consolidated
Operating Income
GAAP Operating Income		$   17,782		$        7,900		$     2,587		$       3,176		$    (6,983)		$       24,462
Restructuring Expenses		526		136		—		20		(9)		673
Acquisition & Integration Expenses		—		—		5,011		—		136		5,147
Other Income, Net		18		(261)		(14)		(1)		—		(258)
Non-GAAP Operating Income		$   18,326		$        7,775		$     7,584		$       3,195		$    (6,856)		$       30,024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes		$   17,046		$        7,948		$    (2,151)		$       3,431		$    (7,325)		$       18,949
Depreciation And Amortization		3,669		778		2,987		2,500		333		10,267
Interest Expense		1,007		539		5,620		459		136		7,761
EBITDA		21,722		9,265		6,456		6,390		(6,856)		36,977
Restructuring Expenses		526		136		—		20		(9)		673
Acquisition & Integration Expenses		—		—		5,011		—		136		5,147
Special Items		526		136		5,011		20		127		5,820
EBITDA without Special Items		$   22,248		$        9,401		$    11,467		$       6,410		$    (6,729)		$       42,797
% of Net Sales		11.6 %		10.6 %		17.3 %		9.7 %				10.4 %

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.
Consolidated Balance Sheets
(In thousands, except share and per share data)	March 31, 2026		March 31, 2025		December 31, 2025
ASSETS	(Unaudited)		(Unaudited)
CURRENT ASSETS:
Cash	$          59,207		$          50,276		$          72,031
Accounts receivable, less allowances for discounts and expected credit losses of $10,159 for 2026 and $7,157 and $10,043 for March and December 2025, respectively	312,961		280,795		232,020
Inventories	726,308		658,728		727,922
Prepaid expenses and other current assets	21,069		26,282		18,477
Total current assets	1,119,545		1,016,081		1,050,450
Property, plant and equipment, net of accumulated depreciation of $299,761 for 2026 and $279,885 and $300,283 for March and December 2025, respectively	186,442		174,636		188,562
Operating lease right-of-use assets	102,003		112,022		105,178
Goodwill	253,626		246,115		256,159
Customer relationships intangibles, net	204,526		212,378		212,056
Other intangibles, net	97,303		93,087		99,102
Deferred income taxes	25,599		14,064		25,384
Investments in unconsolidated affiliates	26,685		26,013		26,310
Other assets	32,570		31,695		32,040
Total assets	$       2,048,299		$       1,926,091		$       1,995,241
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility	$          30,000		$           4,350		$          30,000
Current portion of term loan and other debt	19,370		18,876		21,988
Accounts payable	179,524		151,206		169,089
Sundry payables and accrued expenses	98,246		92,758		92,054
Accrued customer returns	63,710		66,087		49,554
Accrued rebates	75,924		73,050		84,494
Payroll and commissions	34,298		31,050		46,135
Total current liabilities	501,072		437,377		493,314
Long-term debt	609,250		627,329		566,727
Noncurrent operating lease liabilities	90,345		99,885		93,381
Accrued asbestos liabilities	109,783		29,135		112,625
Other accrued liabilities	30,270		79,928		30,932
Total liabilities	1,340,720		1,273,654		1,296,979
Commitments and contingencies
Stockholders' equity:
Common stock – par value $2.00 per share (Authorized – 30,000,000 shares; issued 23,936,036 shares)	47,872		47,872		47,872
Capital in excess of par value	101,104		99,547		99,005
Retained earnings	599,276		581,174		589,448
Accumulated other comprehensive income	11,664		(13,655)		17,857
Treasury stock – at cost (1,690,616 shares in 2026 and 1,955,013 and 1,790,097 shares in March and December 2025, respectively)	(66,589)		(76,977)		(70,483)
Total SMP stockholders' equity	693,327		637,961		683,699
Noncontrolling interest	14,252		14,476		14,563
Total stockholders' equity	707,579		652,437		698,262
Total liabilities and stockholders' equity	$       2,048,299		$       1,926,091		$       1,995,241

 

Standard Motor Products, Inc.
Consolidated Statements of Cash Flows
(In thousands, unaudited)	Three Months Ended March 31,
	2026		2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$          17,285		$          12,741
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization	11,315		10,267
Amortization of deferred financing cost	278		327
(Decrease) increase to allowance for expected credit losses	(124)		1,614
Increase to inventory reserves	901		1,843
Equity income from joint ventures	(669)		(1,084)
Employee stock ownership plan allocation	822		675
Stock-based compensation	2,989		1,550
Increase in deferred income taxes	(980)		(16)
Loss on discontinued operations, net of tax	1,185		1,139
Change in assets and liabilities:
Increase in accounts receivable	(82,541)		(68,882)
Increase in inventories	(1,966)		(14,576)
(Increase) decrease in prepaid expenses and other current assets	(104)		1,438
Increase in accounts payable	11,419		957
Increase (decrease) in sundry payables and accrued expenses	1,524		(3,185)
Net change in other assets and liabilities	(3,263)		(5,028)
Net cash used in operating activities	(41,929)		(60,220)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(6,740)		(9,132)
Other investing activities	33		2,923
Net cash used in investing activities	(6,707)		(6,209)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loans	(3,938)		(3,853)
Net borrowings under revolving credit facilities	51,437		80,962
Net (repayments) borrowings of other debt and lease obligations	(3,531)		1,985
Purchase of treasury stock	(283)		—
Increase in overdraft balances	93		191
Dividends paid	(7,308)		(6,777)
Dividends paid to noncontrolling interest	(624)		—
Net cash provided by financing activities	35,846		72,508
Effect of exchange rate changes on cash	(34)		(229)
Net (decrease) increase in cash	(12,824)		5,850
CASH at beginning of period	72,031		44,426
CASH at end of period	$          59,207		$          50,276

 

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SOURCE Standard Motor Products, Inc.

FAQ

What were Standard Motor Products (SMP) Q1 2026 net sales and EPS?

Net sales were $451.2 million and GAAP diluted EPS from continuing operations was $0.81. According to the company, adjusted diluted EPS from continuing operations was $0.82, excluding identified non-operational reconciling items.

How did SMP's segments perform in Q1 2026 and which grew fastest?

Vehicle Control, Nissens, and Engineered Solutions led growth, with increases above 11%. According to the company, Vehicle Control rose 11.2%, Nissens 12.4%, and Engineered Solutions 12.6% year-over-year.

What guidance did SMP give for full-year 2026 regarding sales and margins?

SMP reaffirmed full-year sales growth of low- to mid-single digits and adjusted EBITDA margin of 11%–12%. According to the company, guidance excludes potential tariff or significant inflationary impacts.

What is SMP's dividend declared in Q1 2026 and payment date?

The board declared a quarterly dividend of $0.33 per share, payable June 1, 2026, to shareholders of record on May 15, 2026. According to the company, this reflects continued cash-return priorities.

How did SMP's balance sheet and leverage change in Q1 2026?

Total net debt was $599.4 million and net debt leverage increased to 3.0x at quarter-end. According to the company, the rise reflects seasonal working capital build and a target to reduce leverage to 2.0x by year-end 2026.

What margin pressures did SMP note that could affect 2026 results?

Management cited margin compression from tariff pass-through and currency effects as primary near-term pressures. According to the company, they plan cost savings and pricing measures to offset these headwinds.