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

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) reported second quarter 2026 net sales of $501.6 million versus $493.9 million a year ago, with adjusted net sales up 6.7% to $526.7 million. GAAP diluted EPS from continuing operations rose to $1.39 from $1.17, and non-GAAP diluted EPS increased to $1.40 from $1.29.

For the first half of 2026, net sales reached $952.8 million and GAAP diluted EPS from continuing operations was $2.20. Quarterly adjusted EBITDA increased to $63.5 million from $59.1 million. Temperature Control adjusted net sales grew 15.7%, Nissens 4.8% to $94.9 million, and Engineered Solutions 16.8%, while Vehicle Control declined 1.6%.

Net debt fell to $510.2 million, with net debt leverage improving to 2.5x from 3.0x in Q1 2026, supported by a $64.2 million year-to-date improvement in operating cash flow and inventory reduction to $684.2 million. The company reaffirmed 2026 guidance for low to mid-single digit sales growth and adjusted EBITDA margin of 11%–12%, and declared a $0.33 quarterly dividend payable September 1, 2026 to shareholders of record on August 14, 2026.

Positive

• Adjusted Q2 net sales up 6.7% to $526.7 million
• Q2 GAAP diluted EPS from continuing operations up to $1.39 from $1.17
• Q2 adjusted EBITDA increased to $63.5 million from $59.1 million
• Engineered Solutions adjusted net sales up 16.8% year over year
• Temperature Control adjusted net sales up 15.7%; Nissens up 4.8% to $94.9 million
• Net debt leverage reduced to 2.5x from 3.0x in Q1 2026

Negative

• Vehicle Control adjusted net sales decreased 1.6% in Q2 2026
• Vehicle Control EBITDA pressured by Shawnee, Kansas distribution center transition costs
• Wire sets category down significantly, driving most of Vehicle Control shortfall
• Accrued asbestos liabilities increased to $104.3 million from $30.5 million year ago
• SG&A expenses rose to $113.5 million from $107.5 million in Q2 2025

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• Second quarter net sales of $501.6 million with adjusted net sales up 6.7% to $526.7 million
• Second quarter diluted earnings per share of $1.39 with non-GAAP diluted earnings per share of $1.40 up 8.6%
• Year-to-date 2026 operating cash flow improved $64.2 million; Net debt leverage declined to 2.5x
• Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%

NEW YORK, Aug. 4, 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 six months ended June 30, 2026.

Consolidated net sales for the second quarter of 2026 were $501.6 million, compared to consolidated net sales of $493.9 million during the same quarter in 2025. Consolidated adjusted net sales for the second quarter of 2026 were $526.7 million, compared to consolidated adjusted net sales of $493.9 million during the same quarter in 2025. Earnings from continuing operations for the second quarter of 2026 were $31.8 million or $1.39 per diluted share, compared to earnings of $26.3 million or $1.17 per diluted share in the second quarter of 2025. Non-GAAP earnings from continuing operations for the second quarter of 2026 were $31.9 million or $1.40 per diluted share, compared to $28.9 million or $1.29 per diluted share in the second quarter of 2025. 

Consolidated net sales for the six months ended June 30, 2026 were $952.8 million, compared to consolidated net sales of $907.2 million during the comparable period in 2025.  Consolidated adjusted net sales for the six months ended June 30, 2026 were $977.9 million, compared to consolidated adjusted net sales of $907.2 million during the comparable period in 2025.  Earnings from continuing operations for the six months ended June 30, 2026 were $50.1 million or $2.20 per diluted share, compared to $40.0 million or $1.79 per diluted share in the comparable period of 2025.  Non-GAAP earnings from continuing operations for the six months ended June 30, 2026 and 2025 were $50.5 million or $2.23 per diluted share and $46.9 million or $2.10 per diluted share, respectively. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "Overall we were pleased with our second quarter. Adjusted net sales for the quarter, excluding the impact of accounting treatment for tariff refunds received in the quarter, increased 6.7% with three of our four operating segments showing strong gains, while adjusted EBITDA increased to a record-setting $63.5 million."

Second Quarter Highlights:

North American Aftermarket Segments

• Vehicle Control adjusted net sales decreased 1.6% in the second quarter, largely due to timing of customer orders as we come off of a very strong first quarter. Year-to-date adjusted net sales are up 4.7% for the segment. Our wire sets category was down significantly, making up the majority of the segment shortfall, reflecting a combination of slow secular decline and customers right-sizing their inventories accordingly. Customer POS for the segment continued to be positive throughout the quarter, demonstrating ongoing demand for our non-discretionary offering.

We were pleased to consummate our joint venture with Techstrong in the quarter, as previously announced. This will strengthen our Vehicle Control operations by expanding our breadth of manufacturing, further diversifying our global supply chain, and creating a long-term cost-effective operation on which to build. We welcome them to the SMP family.

• Temperature Control adjusted net sales increased 15.7%, as the timing of our preseason orders fell more heavily into our second quarter this year, driving strong results despite the cooler, wetter weather in May. Year-to-date adjusted net sales are up 9.6%. Ultimately this seasonal segment's full-year performance will be determined by the length and intensity of the selling season and as we enter our third quarter weather trends appear to be favorable for sales in many of our markets, however we are up against a strong comparison in the second half of the year.

Nissens

Nissens adjusted net sales increased 4.8% to $94.9 million, driven by a combination of 2.3% sales growth in local currency as well as a stronger currency conversion. Year-to-date we are up 8.0% for the segment. We are pleased with the gains in our engine efficiency product categories, and as we head into the third quarter, record temperatures across Europe bode well for our air conditioning products.  Further, we are encouraged by the early results seen in our recently launched product categories and view these products as steady contributors to growth in future years.

Engineered Solutions

Adjusted net sales in the Engineered Solutions segment showed strong growth of 16.8% over last year's soft second quarter as demand continues to recover. Sales growth improvement was seen across all end-markets, and we are pleased to see the segment demand stabilize. We expect this to continue, though the comparison will get tougher in the second half of the year.     

Profitability & Balance Sheet

Adjusted EBITDA for the quarter increased to $63.5 million, up from $59.1 million last year, driven by solid performance across our Temperature Control, Nissens and Engineered Solutions segments. Vehicle Control EBITDA was negatively impacted by increased distribution and associated expenses related to our Shawnee, Kansas distribution center transition.   

From a balance sheet perspective, our cash flows and borrowings were in line with expectations.  Total net debt at quarter-end stood at $510.2 million, down from $599.4 million at the end of the first quarter, reflecting debt paydown as we move into our seasonally stronger cash-generating quarters.  Importantly, we reduced our inventory to $684.2 million from $727.9 million at December 31, 2025.  Our net debt leverage decreased to 2.5x from 3.0x in the first quarter of 2026, 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 reaffirm our expectation that adjusted EBITDA will be in a range of 11% -12%. Note that our guidance excludes the impact of ongoing changes in the tariff landscape, any significant inflationary impact from the conflict in the Middle East, or increase in interest rates impacting our customers' supply chain financing programs. 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 September 1, 2026 to stockholders of record on August 14, 2026.

Closing Remarks

In closing, Mr. Sills commented, "As we head into the second half of the year, we are encouraged by the performance across all our segments.  The resiliency of the aftermarket in both North America and Europe remains intact, evidenced by strong demand for our non-discretionary products, and we are pleased with the ongoing momentum in our Engineered Solutions business.  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 Tuesday, August 4, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q2'26 Earnings Call  Webcast link. Investors may also listen to the call by dialing 800-445-7795 (domestic) or 785-424-1699 (international).  The conference call ID code is SMP2Q2026. 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 800-723-0389 (domestic) or 402-220-2647 (international).

Forward-Looking Statements

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.

Use and Definition of Non-GAAP Measures

We report our financial results in accordance with accounting principles generally accepted in the United States ("GAAP"). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that these non-GAAP measures provide investors with additional insight into the Company's ongoing business performance and balance sheet health. Other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.

When we provide our expectations for adjusted EBITDA, adjusted EBITDA margin and net debt leverage, a reconciliation of this non-GAAP financial measure to the corresponding GAAP measures is not available without unreasonable effort due to potentially high variability and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. Below are our non-GAAP financial measures:

Non-GAAP Measure	Definition
Adjusted consolidated net sales and adjusted segment net sales	Represents net sales (a GAAP measure), excluding adjustment for accounting for International Emergency Economic Powers Act ("IEEPA") tariff refunds received from the United States Treasury which we estimate may be passed through to our customers.
Non-GAAP diluted earnings per share from continuing operations attributable to SMP and related non-GAAP income statement items and related percentage of net sales and adjusted net sales	Represents earnings from continuing operations attributable to SMP (a GAAP measure) and related income statement items, such as gross profit, selling, general and administrative expenses, operating income (GAAP measures), adjusted to exclude restructuring expenses, acquisition and integration expenses, other income (expense), net,  and related tax effects.
Net debt and net debt leverage	Represents the current portion of revolving credit facility, current portion of term loan and other debt and long-term debt (GAAP measures) less cash (a GAAP measure) divided by EBITDA without special items, as defined below.
EBITDA, adjusted EBITDA, EBITDA without special items and related margin percentage	Represents net earnings (loss) (a GAAP measure), excluding depreciation, amortization, and interest expense  adjusted or without special items defined as acquisition & integration expenses and expenses related to customer program wind down. EBITDA margin and adjusted EBITDA margin divided by GAAP net sales or  adjusted consolidated net sales or adjusted segment net sales. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented.

 

Standard Motor Products, Inc. Consolidated Statements of Operations
	Three Months Ended June 30,			Six Months Ended June 30,
(In thousands, except share and per share data, unaudited)	2026		2025	2026		2025
Net sales	$       501,599		$       493,853	$       952,765		$       907,232
Cost of sales	336,980		342,964	648,973		631,621
Gross profit	164,619		150,889	303,792		275,611
Selling, general and administrative expenses	113,523		107,520	218,360		207,365
Restructuring expenses	248		582	614		1,255
Other income (expense), net	(4)		49	119		307
Operating income	50,844		42,836	84,937		67,298
Other non-operating income (loss), net	793		1,875	(486)		4,123
Interest expense	7,560		8,295	15,078		16,056
Earnings from continuing operations before income taxes	44,077		36,416	69,373		55,365
Provision for income taxes	12,040		9,821	18,866		14,890
Earnings from continuing operations	32,037		26,595	50,507		40,475
Loss from discontinued operations, net of income taxes	(1,393)		(1,058)	(2,578)		(2,197)
Net earnings	30,644		25,537	47,929		38,278
Net earnings attributable to noncontrolling interest	276		295	425		470
Net earnings attributable to SMP	$        30,368		$        25,242	$        47,504		$        37,808
Net earnings (loss) attributable to SMP
Continuing operations	$        31,761		$        26,300	$        50,082		$        40,005
Discontinued operations	(1,393)		(1,058)	(2,578)		(2,197)
Net earnings attributable to SMP	$        30,368		$        25,242	$        47,504		$        37,808
Per common share data
Basic:
Continuing operations	$           1.42		$           1.20	$           2.25		$           1.82
Discontinued operations	(0.06)		(0.05)	(0.11)		(0.10)
Net earnings attributable to SMP per common share	$           1.36		$           1.15	$           2.14		$           1.72
Diluted:
Continuing operations	$           1.39		$           1.17	$           2.20		$           1.79
Discontinued operations	(0.06)		(0.04)	(0.12)		(0.10)
Net earnings attributable to SMP per common share	$           1.33		$           1.13	$           2.08		$           1.69
Dividend declared per common share	$           0.33		$           0.31	$           0.66		$           0.62
Weighted average number of common shares, basic	22,291,768		21,984,492	22,229,731		21,935,921
Weighted average number of common shares, diluted	22,864,089		22,423,208	22,806,413		22,359,693

 

Standard Motor Products, Inc. Consolidated Balance Sheets
(In thousands, except share and per share data)	June 30, 2026		June 30, 2025		December 31, 2025
ASSETS	(Unaudited)		(Unaudited)
CURRENT ASSETS:
Cash	$         78,629		$         58,792		$         72,031
Accounts receivable, less allowances for discounts and expected credit losses of $10,539 for 2026 and $7,777 and $10,043 for June and December 2025, respectively	358,378		327,270		232,020
Inventories	684,166		657,161		727,922
Prepaid expenses and other current assets	21,087		21,841		18,477
Total current assets	1,142,260		1,065,064		1,050,450
Property, plant and equipment, net of accumulated depreciation of $304,925 for 2026 and $287,624 and $300,283 for June and December 2025, respectively	187,003		183,508		188,562
Operating lease right-of-use assets	97,857		111,731		105,178
Goodwill	252,603		256,266		256,159
Customer relationships intangibles, net	198,889		221,024		212,056
Other intangibles, net	96,083		99,326		99,102
Deferred income taxes	24,034		15,545		25,384
Investments in unconsolidated affiliates	27,315		23,495		26,310
Other assets	34,626		31,389		32,040
Total assets	$      2,060,670		$      2,007,348		$      1,995,241
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility	$         34,579		$         10,000		$         30,000
Current portion of term loan and other debt	20,048		20,818		21,988
Accounts payable	182,298		171,356		169,089
Sundry payables and accrued expenses	103,791		100,187		92,054
Accrued customer returns	74,931		75,207		49,554
Accrued rebates	115,712		76,274		84,494
Payroll and commissions	38,797		38,573		46,135
Total current liabilities	570,156		492,415		493,314
Long-term debt	534,200		605,811		566,727
Noncurrent operating lease liabilities	87,248		99,770		93,381
Accrued asbestos liabilities	104,285		30,527		112,625
Other accrued liabilities	32,448		75,366		30,932
Total liabilities	1,328,337		1,303,889		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	100,965		101,036		99,005
Retained earnings	622,284		599,601		589,448
Accumulated other comprehensive income	9,569		16,825		17,857
Treasury stock – at cost (1,598,589 shares in 2026 and 1,948,363 and 1,790,097 shares in June and December 2025, respectively)	(62,965)		(76,715)		(70,483)
Total SMP stockholders' equity	717,725		688,619		683,699
Noncontrolling interest	14,608		14,840		14,563
Total stockholders' equity	732,333		703,459		698,262
Total liabilities and stockholders' equity	$      2,060,670		$      2,007,348		$      1,995,241

 

Standard Motor Products, Inc. Consolidated Statements of Cash Flows
(In thousands, unaudited)	Six Months Ended June 30,
	2026		2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$          47,929		$          38,278
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	22,915		21,192
Amortization of deferred financing cost	549		637
Increase to allowance for expected credit losses	113		2,041
Increase to inventory reserves	2,164		3,907
Equity income from joint ventures	(1,809)		(2,139)
Employee stock ownership plan allocation	1,644		1,350
Stock-based compensation	6,474		3,301
Decrease in deferred income taxes	421		504
Loss on discontinued operations, net of tax	2,578		2,197
Change in assets and liabilities:
Increase in accounts receivable	(129,028)		(108,180)
Decrease (increase) in inventories	37,755		(3,217)
(Increase) decrease in prepaid expenses and other current assets	(493)		5,816
Increase in accounts payable	13,385		17,068
Increase in sundry payables and accrued expenses	62,616		15,863
Net change in other assets and liabilities	(8,947)		(4,521)
Net cash provided by (used in) operating activities	58,266		(5,903)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(14,949)		(19,295)
Other investing activities	420		2,972
Net cash used in investing activities	(14,529)		(16,323)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loans	(8,142)		(7,821)
Net (repayments) borrowings under revolving credit facilities	(11,278)		52,668
Net (repayments) borrowings of other debt and lease obligations	(4,623)		1,021
Purchase of treasury stock	(283)		—
Increase in overdraft balances	163		348
Dividends paid	(14,668)		(13,592)
Dividends paid to noncontrolling interest	(624)		—
Net cash (used in) provided by financing activities	(39,455)		32,624
Effect of exchange rate changes on cash	2,316		3,968
Net increase in cash	6,598		14,366
CASH at beginning of period	72,031		44,426
CASH at end of period	$          78,629		$          58,792

 

Standard Motor Products, Inc. Reconciliation of GAAP to Adjusted Net Sales by Segment
	Three Months Ended June 30,
	2026						2025
(In thousands, unaudited)	GAAP Net Sales		IEEPA Tariff Adjustment		Adjusted Net Sales		GAAP Net Sales		IEEPA Tariff Adjustment		Adjusted Net Sales
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)	$    121,488						$    128,233
Electrical and Safety	47,573						56,828
Wire Sets and Other	13,851						16,638
Total Vehicle Control	182,912		15,651		198,563		201,699		—		201,699
Temperature Control
AC System Components	119,294						104,777
Other Thermal Components	25,454						26,588
Total Temperature Control	144,748		7,227		151,975		131,365		—		131,365
Nissens Automotive
Air Conditioning	39,329						40,441
Engine Cooling	36,271						35,082
Engine Efficiency	19,075						15,014
Total Nissens Automotive	94,675		239		94,914		90,537		—		90,537
Engineered Solutions
Light Vehicle	24,675						21,780
Commercial Vehicle	21,537						21,836
Construction/Agriculture	11,016						9,584
All Other	22,814						17,052
Total Engineered Solutions	80,042		2,006		82,048		70,252		—		70,252
Intersegment sales	(778)		—		(778)		—		—		—
Total	$    501,599		$      25,123		$    526,722		$    493,853		$           —		$    493,853

 

Standard Motor Products, Inc. Reconciliation of GAAP to Adjusted Net Sales by Segment
	Six Months Ended June 30,
	2026						2025
(In thousands, unaudited)	GAAP Net Sales		IEEPA Tariff Adjustment		Adjusted Net Sales		GAAP Net Sales		IEEPA Tariff Adjustment		Adjusted Net Sales
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)	$    262,575						$    246,599
Electrical and Safety	105,439						115,147
Wire Sets and Other	28,737						32,295
Total Vehicle Control	396,751		15,651		412,402		394,041		—		394,041
Temperature Control
AC System Components	184,492						171,968
Other Thermal Components	49,760						48,280
Total Temperature Control	234,252		7,227		241,479		220,248		—		220,248
Nissens Automotive
Air Conditioning	65,602						67,607
Engine Cooling	67,722						62,855
Engine Efficiency	35,718						26,257
Total Nissens Automotive	169,042		239		169,281		156,719		—		156,719
Engineered Solutions
Light Vehicle	47,595						43,184
Commercial Vehicle	44,445						40,441
Construction/Agriculture	20,520						18,992
All Other	41,794						33,607
Total Engineered Solutions	154,354		2,006		156,360		136,224		—		136,224
Intersegment sales	(1,634)		—		(1,634)		—		—		—
Total	$    952,765		$      25,123		$    977,888		$    907,232		$           —		$    907,232

 

Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures
		Three Months Ended				Six Months Ended
		June 30,				June 30,
(Unaudited)		2026		2025		2026		2025
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations		$          1.39		$          1.17		$          2.20		$          1.79
Restructuring  Expenses		0.01		0.03		0.03		0.06
Acquisition & Integration Expenses		—		0.13		—		0.36
Income Tax Effect Related To Reconciling Items		—		(0.04)		—		(0.11)
Non-GAAP Diluted Earnings Per Share from Continuing Operations		$          1.40		$          1.29		$          2.23		$          2.10

 

		Last Twelve Months Ended				Year Ended
		June 30,				December 31,
(In thousands, except for net debt leverage ratio)		2026		2025		2025
Net Debt		Unaudited				Audited
Current portion of revolving credit facility		$       34,579		$       10,000		$       30,000
Current portion of term loan and other debt		20,048		20,818		21,988
Long-term debt		534,200		605,811		566,727
Total debt		588,827		636,629		618,715
Less: Cash		78,629		$       58,792		72,031
Net debt		510,198		577,837		546,684
EBITDA without Special Items
GAAP Net Earnings (Loss)		$       51,859		$       40,357		$       42,208
Loss from Discontinued Operations, Net of Income Taxes		(38,079)		(26,369)		(37,698)
Provision for Income Taxes		34,593		24,824		30,617
GAAP Earnings from Continuing Operations Before Taxes		124,531		91,550		110,523
Depreciation and Amortization		45,571		37,986		43,848
Interest Expense		30,361		24,749		31,339
EBITDA		200,463		154,285		185,710
Restructuring Expenses		1,939		6,172		2,580
Acquisition & Integration Expenses		538		19,112		8,583
Customer Program Wind Down		4,067		—		4,067
Special Items		6,544		25,284		15,230
EBITDA without Special Items		$      207,007		$      179,569		$      200,940
Net debt leverage ratio		2.5		3.2		2.7

 

Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments
		Three Months Ended June 30, 2026
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Corporate Unallocated Expenses		Consolidated
EBITDA without Special Items
GAAP Net Earnings (Loss)		$    7,802		$      19,288		$      7,351		$      3,437		$     (7,234)		$       30,644
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(1,393)		(1,393)
Provision for Income Taxes		2,687		6,720		2,690		1,353		(1,410)		$       12,040
GAAP Earnings (Loss) from Continuing Operations Before Taxes		10,489		26,008		10,041		4,790		(7,251)		44,077
Depreciation and Amortization		4,450		887		3,311		2,600		352		11,600
Interest Expense		1,848		747		4,729		549		(313)		7,560
EBITDA		16,787		27,642		18,081		7,939		(7,212)		63,237
Restructuring Expenses		238		2		—		8		—		248
Acquisition & Integration Expenses		—		—		—		—		—		—
Special Items		238		2		—		8		—		248
EBITDA without Special Items		$   17,025		$      27,644		$     18,081		$      7,947		$     (7,212)		$       63,485
% of GAAP Net Sales		9.3 %		19.1 %		19.1 %		9.9 %				12.7 %
% of Non-GAAP Net Sales		8.6 %		18.2 %		19.0 %		9.7 %				12.1 %
		Three Months Ended June 30, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Corporate Unallocated Expenses		Consolidated
EBITDA without Special Items
GAAP Net Earnings (Loss)		$   11,578		$      14,464		$     3,352		$      2,813		$     (6,670)		$       25,537
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(1,058)		(1,058)
Provision for Income Taxes		3,871		5,138		1,301		1,175		(1,664)		9,821
GAAP Earnings (Loss) from Continuing Operations Before Taxes		15,449		19,602		4,653		3,988		(7,276)		36,416
Depreciation and Amortization		4,070		784		3,325		2,427		319		10,925
Interest Expense		1,546		762		5,513		543		(69)		8,295
EBITDA		21,065		21,148		13,491		6,958		(7,026)		55,636
Restructuring Expenses		479		53		—		39		11		582
Acquisition & Integration Expenses		—		—		2,822		—		78		2,900
Special Items		479		53		2,822		39		89		3,482
EBITDA without Special Items		$   21,544		$     21,201		$    16,313		$      6,997		$     (6,937)		$       59,118
% of GAAP Net Sales		10.7 %		16.1 %		18.0 %		10.0 %				12.0 %
% of Non-GAAP Net Sales		10.7 %		16.1 %		18.0 %		10.0 %				12.0 %

 

Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments
		Six Months Ended June 30, 2026
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Corporate Unallocated Expenses		Consolidated
EBITDA without Special Items
GAAP Net Earnings (Loss)		$   20,775		$      26,911		$      8,099		$      4,822		$   (12,678)		$       47,929
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(2,578)		(2,578)
Provision for Income Taxes		7,591		9,490		3,303		1,905		(3,423)		$       18,866
GAAP Earnings (Loss) from Continuing Operations Before Taxes		28,366		36,401		11,402		6,727		(13,523)		69,373
Depreciation and Amortization		8,747		1,695		6,577		5,194		702		22,915
Interest Expense		3,712		1,485		9,376		1,116		(611)		15,078
EBITDA		40,825		39,581		27,355		13,037		(13,432)		107,366
Restructuring Expenses		510		72		—		32		—		614
Acquisition & Integration Expenses		—		—		2		—		—		2
Special Items		510		72		2		32		—		616
EBITDA without Special Items		$   41,335		$      39,653		$     27,357		$    13,069		$   (13,432)		$      107,982
% of GAAP Net Sales		10.4 %		16.9 %		16.2 %		8.5 %				11.3 %
% of Non-GAAP Net Sales		10.0 %		16.4 %		16.2 %		8.4 %				11.0 %
		Six Months Ended June 30, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Corporate Unallocated Expenses		Consolidated
EBITDA without Special Items
GAAP Net Earnings (Loss)		$   24,585		$      20,276		$     1,534		$      5,281		$   (13,398)		$       38,278
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(2,197)		(2,197)
Provision for Income Taxes		7,910		7,274		968		2,138		(3,400)		14,890
GAAP Earnings (Loss) from Continuing Operations Before Taxes		32,495		27,550		2,502		7,419		(14,601)		55,365
Depreciation and Amortization		7,739		1,562		6,312		4,927		652		21,192
Interest Expense		2,553		1,301		11,133		1,002		67		16,056
EBITDA		42,787		30,413		19,947		13,348		(13,882)		92,613
Restructuring Expenses		1,005		189		—		59		2		1,255
Acquisition & Integration Expenses		—		—		7,833		—		214		8,047
Special Items		$    1,005		$          189		$     7,833		$         59		$       216		$        9,302
EBITDA without Special Items		$   43,792		$     30,602		$    27,780		$     13,407		$   (13,666)		$      101,915
% of GAAP Net Sales		11.1 %		13.9 %		17.7 %		9.8 %				11.2 %
% of Non-GAAP Net Sales		11.1 %		13.9 %		17.7 %		9.8 %				11.2 %

 

Standard Motor Products, Inc. Reconciliation of Income Statement Measures by Segment
		Three Months Ended June 30, 2026												Three Months Ended June 30, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Unallocated Corporate  Expenses		Consolidated		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Unallocated Corporate Expenses		Consolidated
GAAP Gross Profit		$  60,396		$  50,048		$  40,213		$  13,962		$       —		$ 164,619		$  60,648		$  42,363		$  35,189		$  12,689		$       —		$ 150,889
Acquisition & Integration Expenses		—		—		—		—		—		—		—		—		1,626		—		—		1,626
Non-GAAP Gross Profit		$ 60,396		$ 50,048		$ 40,213		$ 13,962		$       —		$ 164,619		$ 60,648		$ 42,363		$ 36,815		$ 12,689		$       —		$ 152,515
GAAP Gross Profit - % of GAAP Net Sales		33.0 %		34.6 %		42.5 %		17.4 %				32.8 %		30.1 %		32.2 %		38.9 %		18.1 %				30.6 %
Non-GAAP Gross Profit - % of Non-GAAP Net Sales		30.4 %		32.9 %		42.4 %		17.0 %				31.3 %		30.1 %		32.2 %		40.7 %		18.1 %				30.9 %
GAAP Selling, General and Administrative Expenses		$  47,934		$  24,161		$  24,386		$   9,104		$     7,938		$ 113,523		$  43,564		$  22,840		$  25,181		$   8,718		$     7,217		$ 107,520
Acquisition & Integration Expenses		—		—		—		—		—		—		—		—		(1,196)		—		(78)		(1,274)
Non-GAAP Selling, General and Administrative Expenses		$ 47,934		$ 24,161		$ 24,386		$   9,104		$    7,938		$ 113,523		$ 43,564		$ 22,840		$ 23,985		$   8,718		$    7,139		$ 106,246
GAAP Selling, General and Administrative Expenses - % of GAAP Net Sales		26.2 %		16.7 %		25.8 %		11.4 %				22.6 %		21.6 %		17.4 %		27.8 %		12.4 %				21.8 %
Non-GAAP Selling, General and Administrative Expenses - % of Non-GAAP Net Sales		24.1 %		15.9 %		25.7 %		11.1 %				21.6 %		21.6 %		17.4 %		26.5 %		12.4 %				21.5 %
GAAP Operating Income (Loss)		$  12,227		$  25,868		$  15,827		$   4,859		$    (7,937)		$  50,844		$  16,540		$  19,536		$  10,034		$   3,954		$    (7,228)		$  42,836
Restructuring Expenses		238		2		—		8		—		248		479		53		—		39		11		582
Acquisition & Integration Expenses		—		—		—		—		—		—		—		—		2,822		—		78		2,900
Other (Income) Expense, Net		(3)		17		—		(10)		—		4		65		(66)		(26)		(22)		—		(49)
Non-GAAP Operating Income (Loss)		$ 12,462		$ 25,887		$ 15,827		$   4,857		$   (7,937)		$ 51,096		$ 17,084		$ 19,523		$ 12,830		$   3,971		$   (7,139)		$ 46,269
GAAP Operating Income (Loss) - % of GAAP Net Sales		6.7 %		17.9 %		16.7 %		6.1 %				10.1 %		8.2 %		14.9 %		11.1 %		5.6 %				8.7 %
Non-GAAP Operating Income - % of Non-GAAP Net Sales		6.3 %		17.0 %		16.7 %		5.9 %				9.7 %		8.5 %		14.9 %		14.2 %		5.7 %				9.4 %

 

Standard Motor Products, Inc. Reconciliation of Income Statement Measures by Segment
		Six Months Ended June 30, 2026												Six Months Ended June 30, 2025
(In thousands, unaudited)		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Unallocated Corporate  Expenses		Consolidated		Vehicle Control		Temperature Control		Nissens Automotive		Engineered Solutions		Unallocated Corporate Expenses		Consolidated
GAAP Gross Profit		$ 128,561		$  78,700		$  72,284		$  24,247		$       —		$ 303,792		$ 122,809		$  69,961		$  58,443		$  24,398		$       —		$ 275,611
Acquisition & Integration Expenses		—		—		—		—		—		—		—		—		6,210		—		—		6,210
Non-GAAP Gross Profit		$ 128,561		$ 78,700		$ 72,284		$ 24,247		$       —		$ 303,792		$ 122,809		$ 69,961		$ 64,653		$ 24,398		$       —		$ 281,821
GAAP Gross Profit - % of GAAP Net Sales		32.4 %		33.6 %		42.8 %		15.7 %				31.9 %		31.2 %		31.8 %		37.3 %		17.9 %				30.4 %
Non-GAAP Gross Profit - % of Non-GAAP Net Sales		31.2 %		32.6 %		42.7 %		15.5 %				31.1 %		31.2 %		31.8 %		41.3 %		17.9 %				31.1 %
GAAP Selling, General and Administrative Expenses		$  95,896		$  42,219		$  48,584		$  17,660		$   13,997		$ 218,360		$  87,399		$  42,663		$  45,862		$  17,232		$   14,209		$ 207,365
Acquisition & Integration Expenses		—		—		2		—		—		2		—		—		(1,623)		—		(214)		(1,837)
Non-GAAP Selling, General and Administrative Expenses		$ 95,896		$ 42,219		$ 48,586		$ 17,660		$   13,997		$ 218,358		$ 87,399		$ 42,663		$ 44,239		$ 17,232		$   13,995		$ 205,528
GAAP Selling, General and Administrative Expenses - % of GAAP Net Sales		24.2 %		18.0 %		28.7 %		11.4 %				22.9 %		22.2 %		19.4 %		29.3 %		12.6 %				22.9 %
Non-GAAP Selling, General and Administrative Expenses - % of Non-GAAP Net Sales		23.3 %		17.5 %		28.7 %		11.3 %				22.3 %		22.2 %		19.4 %		28.2 %		12.6 %				22.7 %
GAAP Operating Income (Loss)		$  31,839		$  36,712		$  23,701		$   6,682		$  (13,997)		$  84,937		$  34,322		$  27,436		$  12,621		$   7,130		$  (14,211)		$  67,298
Restructuring Expenses		510		72		—		32		—		614		1,005		189		—		59		2		1,255
Acquisition & Integration Expenses		—		—		2		—		—		2		—		—		7,833		—		214		8,047
Other (Income) Expense, Net		316		(303)		(5)		(127)		—		(119)		83		(327)		(40)		(23)		—		(307)
Non-GAAP Operating Income (Loss)		$ 32,665		$ 36,481		$ 23,698		$   6,587		$  (13,997)		$ 85,434		$ 35,410		$ 27,298		$ 20,414		$   7,166		$  (13,995)		$ 76,293
GAAP Operating Income (Loss) - % of GAAP Net Sales		8.0 %		15.7 %		14.0 %		4.3 %				8.9 %		8.7 %		12.5 %		8.1 %		5.2 %				7.4 %
Non-GAAP Operating Income - % of Non-GAAP Net Sales		7.9 %		15.1 %		14.0 %		4.2 %				8.7 %		9.0 %		12.4 %		13.0 %		5.3 %				8.4 %

 

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SOURCE Standard Motor Products, Inc.

FAQ

How did Standard Motor Products (SMP) perform in Q2 2026?

Standard Motor Products reported higher Q2 2026 net sales of $501.6 million and GAAP diluted EPS from continuing operations of $1.39. According to the company, adjusted net sales rose 6.7% to $526.7 million and adjusted EBITDA increased to $63.5 million, reflecting broad-based segment gains.

What is Standard Motor Products' 2026 guidance after its Q2 2026 results (SMP)?

Standard Motor Products reaffirmed 2026 guidance for low to mid-single digit sales growth and an adjusted EBITDA margin of 11%–12%. According to the company, this outlook reflects aftermarket demand, European momentum and Engineered Solutions recovery, excluding potential tariff, geopolitical and interest-rate related impacts.

What dividend did Standard Motor Products (SMP) declare on August 4, 2026?

Standard Motor Products declared a quarterly dividend of $0.33 per share on its common stock. According to the company, the dividend will be paid on September 1, 2026 to shareholders of record as of August 14, 2026, up from $0.31 per share a year earlier.

How did Standard Motor Products' segments perform in Q2 2026 (SMP)?

Segment performance was mixed, with Temperature Control adjusted net sales up 15.7%, Nissens up 4.8% to $94.9 million, and Engineered Solutions up 16.8%. According to the company, Vehicle Control adjusted net sales declined 1.6%, mainly from weakness in the wire sets category.

How has Standard Motor Products' leverage and cash flow changed in 2026 (SMP)?

Standard Motor Products reduced net debt leverage to 2.5x from 3.0x in Q1 2026, aided by stronger cash generation. According to the company, year-to-date 2026 operating cash flow improved by $64.2 million and inventory declined to $684.2 million from $727.9 million at year-end 2025.

What were Standard Motor Products' first half 2026 earnings and sales (SMP)?

For the first half of 2026, Standard Motor Products reported net sales of $952.8 million and GAAP diluted EPS from continuing operations of $2.20. According to the company, non-GAAP diluted EPS reached $2.23, reflecting higher gross profit and improved operating income versus the prior-year period.

Did Standard Motor Products complete any notable strategic actions in Q2 2026 (SMP)?

Standard Motor Products completed a joint venture with Techstrong during Q2 2026 for its Vehicle Control operations. According to the company, this venture is intended to expand manufacturing capacity, diversify the global supply chain and create a cost-effective platform for future growth in that segment.