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

Net debt leverage reached 1.8x, surpassing the company's target to be below 2.0x by year-end 2026.

Rhea-AI Summary

Standard Motor Products (NYSE: SMP) reported third-quarter 2026 sales of $507.8 million, with higher earnings and lower net debt. Sales compared with $498.8 million a year earlier. Diluted earnings per share from continuing operations rose to $1.42 from $1.32; adjusted diluted earnings rose to $1.54 from $1.36. Adjusted sales increased 2.8% to $512.9 million, excluding accounting adjustments for tariff refunds.

Adjusted quarterly sales grew in Vehicle Control, Nissens and Engineered Solutions but fell 4.1% in Temperature Control. Net debt fell to $381.9 million from $510.2 million at the second-quarter end, and leverage declined to 1.8x from 2.5x. The company reaffirmed expected full-year sales growth in the low to mid-single digits and an adjusted EBITDA margin of 11%–12%. A $0.33 quarterly dividend is payable December 1, 2026, to shareholders of record November 16.

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Positive

• Moderate pointThird-quarter net sales increased to $507.8 million from $498.8 million a year earlier.
• Moderate pointThird-quarter continuing-operations diluted EPS rose to $1.42 from $1.32 a year earlier.
• Moderate pointThird-quarter adjusted EBITDA, earnings before interest, taxes, depreciation and amortization, increased to $66.6 million from $61.7 million.
• Moderate pointNet debt declined to $381.9 million from $510.2 million at the second-quarter end.
• Minor pointThird-quarter adjusted net sales rose 2.8% to $512.9 million.

16 minor points

• Minor pointThird-quarter adjusted continuing-operations diluted EPS increased 13.2% to $1.54, versus $1.36 a year earlier.
• Minor pointNet debt leverage fell to 1.8x from 2.5x in the second quarter, surpassing the year-end target.
• Minor pointInventory declined to $646.1 million from $727.9 million at December 31, 2025.
• Minor pointVehicle Control adjusted sales increased 6.0% in the third quarter and 5.1% year to date.
• Minor pointNissens adjusted sales increased 7.6% to $91.0 million in the third quarter and 7.9% year to date.
• Minor pointEngineered Solutions adjusted sales grew 4.9% in the third quarter and 11.4% year to date.
• Minor pointNine-month net sales increased to $1,460.6 million from $1,406.1 million in 2025.
• Minor pointNine-month adjusted net sales increased to $1,490.8 million from $1,406.1 million in 2025.
• Minor pointNine-month continuing-operations diluted EPS increased to $3.62 from $3.11 in 2025.
• Minor pointNine-month adjusted continuing-operations diluted EPS rose to $3.76 from $3.45 in 2025.
• Minor pointDiscontinued-operations losses narrowed to $18.472 million in Q3 from $34.172 million; nine-month losses narrowed to $21.050 million from $36.369 million.
• Minor pointTotal diluted EPS reached $0.62 versus a $0.19 loss in Q3; nine-month EPS rose to $2.70 from $1.49.
• Minor pointQuarterly dividend declared per share increased to $0.33 from $0.31 in the prior-year quarter.
• Minor point. Forward-looking: it has not happened yet and may not happen.Full-year guidance reaffirmed: expected low to mid-single digit sales growth and an 11%–12% adjusted EBITDA margin.
• Minor pointNine-month interest expense decreased to $21.345 million from $23.450 million in 2025.
• Minor pointCash increased to $105.037 million from $72.031 million at December 31, 2025.

Negative

• Minor pointTemperature Control adjusted sales declined 4.1% in Q3 against a record comparison, despite 4.2% year-to-date growth.
• Minor point. Forward-looking: it has not happened yet and may not happen.Guidance excludes tariff changes, significant geopolitical inflation and interest-rate increases affecting customers' supply-chain financing programs.
• Minor point. Forward-looking: it has not happened yet and may not happen.Engineered Solutions faces more difficult comparisons; the company expects more normalized sales growth over the next few quarters.
• Minor pointNissens third-quarter sales faced a modest currency-conversion headwind.
• Minor pointNine-month selling, general and administrative expenses increased to $333.731 million from $320.753 million in 2025.
• Minor pointNine-month dividends declared per share declined to $0.66 from $0.93 in 2025.

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$892.49M Mkt Cap at Last Price

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Key Figures

Net sales: $507.8 million Adjusted net sales: $512.9 million; up 2.8% Adjusted diluted EPS: $1.54 per share; up 13.2% +5 more

Net sales

$507.8 million

Q3 2026

Adjusted net sales

$512.9 million; up 2.8%

Q3 2026

Adjusted diluted EPS

$1.54 per share; up 13.2%

Q3 2026 versus prior year

Adjusted EBITDA

$66.6 million

Q3 2026; record-setting

Net debt leverage

1.8x, down from 2.5x

Q3 2026 versus Q2 2026

Sales growth guidance

Low to mid-single digit

Full-year 2026; reaffirmed

Adjusted EBITDA margin guidance

11%–12%

Full-year 2026; reaffirmed

Quarterly dividend

$0.33 per share

Approved for payment December 1, 2026

Previous Dividends,earnings Reports

1 past event · Latest: Aug 04

Same Type 1 event

1. Aug 04

   Q2 earnings

   24h Move

   +6.0%

   Q2 results reported 2.5x net debt leverage and reaffirmed 2026 sales-growth and EBITDA-margin guidance.

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

Key Terms

non-gaap, ebitda, ieepa

3 terms

non-gaap financial

"Non-GAAP earnings from continuing operations for the third quarter"

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

ebitda financial

"adjusted EBITDA increased to a record-setting $66.6 million"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

View in glossary

ieepa regulatory

"accounting treatment for IEEPA tariff refunds received in the quarter"

A U.S. law that gives the president broad authority to control trade, freeze assets, and block financial transactions during a declared national emergency. Investors care because those powers can abruptly restrict a company's ability to sell products, access cash, or do business with certain countries or parties, creating sudden risks to revenues, supply chains and share prices — like an emergency brake that can stop or reroute parts of a business overnight.

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• Third quarter net sales of $507.8 million with adjusted net sales up 2.8% to $512.9 million
  
• Third quarter diluted earnings per share of $1.42 with adjusted diluted earnings per share of $1.54, up 13.2% versus prior year 
  
• Net debt leverage improved to 1.8x from 2.5x in our second quarter, surpassing our target to be below 2.0x in FY'26
  
• Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%

NEW YORK, Oct. 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 and nine months ended September 30, 2026.

Consolidated net sales for the third quarter of 2026 were $507.8 million, compared to consolidated net sales of $498.8 million during the same quarter in 2025. Consolidated adjusted net sales for the third quarter of 2026 were $512.9 million, compared to consolidated adjusted net sales of $498.8 million during the same quarter in 2025. Earnings from continuing operations for the third quarter of 2026 were $32.6 million or $1.42 per diluted share, compared to earnings of $29.8 million or $1.32 per diluted share in the third quarter of 2025. Non-GAAP earnings from continuing operations for the third quarter of 2026 were $35.3 million or $1.54 per diluted share, compared to $30.6 million or $1.36 per diluted share in the third quarter of 2025. 

Consolidated net sales for the nine months ended September 30, 2026 were $1,460.6 million, compared to consolidated net sales of $1,406.1 million during the comparable period in 2025. Consolidated adjusted net sales for the nine months ended September 30, 2026 were $1,490.8 million, compared to consolidated adjusted net sales of $1,406.1 million during the comparable period in 2025. Earnings from continuing operations for the nine months ended September 30, 2026 were $82.7 million or $3.62 per diluted share, compared to $69.8 million or $3.11 per diluted share in the comparable period of 2025. Non-GAAP earnings from continuing operations for the nine months ended September 30, 2026 and 2025 were $85.9 million or $3.76 per diluted share and $77.5 million or $3.45 per diluted share, respectively. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "Overall we are very pleased with our third quarter. Adjusted net sales for the quarter, excluding the impact of the accounting treatment for IEEPA tariff refunds received in the quarter, increased 2.8% with three of our four operating segments showing solid gains, while adjusted EBITDA increased to a record-setting $66.6 million. Year-to-date we have set records for both top and bottom-line performance."

Third Quarter Highlights:

North American Aftermarket Segments

• Vehicle Control adjusted net sales increased 6.0% in the third quarter, driven by strong sell-in as customers deepen assortments to capture DIFM sales, solid demand across all categories and aided by an easier year-over-year comparison.  Year-to-date adjusted net sales are up 5.1% for the segment. Customer POS for the segment remained positive throughout the quarter, demonstrating ongoing demand for our non-discretionary offering.
• Temperature Control adjusted net sales decreased 4.1% in the quarter, against a record setting comparison last year, and are up 4.2% year-to-date. The first half of the year saw very strong preseason orders as our customers prepared for the selling season, with sell-in well ahead through the second quarter. Customer POS was solid in the quarter with strong sell-through of previously purchased inventory.

Nissens

Nissens adjusted net sales increased 7.6% to $91.0 million, driven by a combination of high single digit sales growth in local currency benefiting from the record temperatures in certain end-markets, offset by a modest headwind in currency conversion. Year-to-date adjusted net sales are up 7.9% for the segment, outperforming in a challenging market and demonstrating the strength of our program.

Engineered Solutions

Adjusted net sales in the Engineered Solutions segment showed solid growth of 4.9% over last year's third quarter and are up 11.4% year-to-date. As comparisons remain more difficult in the next few quarters, we would expect more normalized levels of sales growth going forward. 

Profitability & Balance Sheet

Adjusted EBITDA for the quarter increased to $66.6 million, up from $61.7 million last year, driven primarily by solid performance across our Vehicle Control and Nissens segments, partially offset by Temperature Control due to lower sales in the quarter.

From a balance sheet perspective, our cash flows and borrowings were in line with expectations.  Total net debt at quarter-end stood at $381.9 million, down from $510.2 million at the end of the second quarter, reflecting debt paydown as we are into our seasonally stronger cash-generating quarters. Importantly, we reduced our inventory to $646.1 million from $727.9 million at December 31, 2025. Our net debt leverage decreased to 1.8x from 2.5x in the second quarter of 2026, surpassing our target for 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 steady performance 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 geopolitical conditions, 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 December 1, 2026 to stockholders of record on November 16, 2026.

Closing Remarks

In closing, Mr. Sills commented, "As we move into the final quarter of the year, we are optimistic that we can continue to navigate the challenging environment and maintain the positive momentum we have experienced over the past several quarters. Our quality products and brands across a wide assortment of non-discretionary categories have us well-positioned to support our customers and the repair professional. The resiliency of the aftermarket in both North America and Europe has us excited about our future path for growth and improved profitability. 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 Friday, October 30, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q3'26 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-347-6865 (domestic) or 203-518-9757 (international). The conference call ID code is SMP3Q2026.  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 800-757-4761 (domestic) or 402-220-7215 (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 restructuring expenses, acquisition & integration expenses, expenses related to a customer program wind down, and a charge related to a litigation matter in dispute. 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 September 30,			Nine Months Ended September 30,
(In thousands, except share and per share data, unaudited)	2026		2025	2026		2025
Net sales	$       507,791		$       498,836	$     1,460,556		$     1,406,068
Cost of sales	342,206		337,042	991,179		968,663
Gross profit	165,585		161,794	469,377		437,405
Selling, general and administrative expenses	115,371		113,388	333,731		320,753
Restructuring expenses	62		782	676		2,037
Other income (expense), net	(3)		12	116		319
Operating income	50,149		47,636	135,086		114,934
Other non-operating income, net	958		1,734	472		5,857
Interest expense	6,267		7,394	21,345		23,450
Earnings from continuing operations before income taxes	44,840		41,976	114,213		97,341
Provision for income taxes	11,996		11,977	30,862		26,867
Earnings from continuing operations	32,844		29,999	83,351		70,474
Loss from discontinued operations, net of income taxes	(18,472)		(34,172)	(21,050)		(36,369)
Net earnings (loss)	14,372		(4,173)	62,301		34,105
Net earnings attributable to noncontrolling interest	224		162	649		632
Net earnings attributable to SMP	$        14,148		$         (4,335)	$        61,652		$        33,473
Net earnings (loss) attributable to SMP
Continuing operations	$        32,620		$        29,837	$        82,702		$        69,842
Discontinued operations	(18,472)		(34,172)	(21,050)		(36,369)
Net earnings (loss) attributable to SMP	$        14,148		$         (4,335)	$        61,652		$        33,473
Per common share data
Basic:
Continuing operations	$           1.46		$           1.36	$           3.71		$           3.18
Discontinued operations	(0.83)		(1.56)	(0.94)		(1.66)
Net earnings (loss) attributable to SMP per common share	$           0.63		$          (0.20)	$           2.77		$           1.52
Diluted:
Continuing operations	$           1.42		$           1.32	$           3.62		$           3.11
Discontinued operations	(0.80)		(1.51)	(0.92)		(1.62)
Net earnings (loss) attributable to SMP per common share	$           0.62		$          (0.19)	$           2.70		$           1.49
Dividend declared per common share	$           0.33		$           0.31	$           0.66		$           0.93
Weighted average number of common shares, basic	22,340,489		21,991,194	22,267,056		21,954,548
Weighted average number of common shares, diluted	22,966,373		22,571,304	22,868,015		22,439,083

 

Standard Motor Products, Inc.
Consolidated Balance Sheets
(In thousands, except share and per share data)	September 30, 2026		September 30, 2025		December 31, 2025
ASSETS	(Unaudited)		(Unaudited)
CURRENT ASSETS:
Cash	$        105,037		$         87,201		$         72,031
Accounts receivable, less allowances for discounts and expected credit losses of $10,395 for 2026 and $7,777 and $10,043 for June and December 2025, respectively	307,149		296,229		232,020
Inventories	646,139		676,829		727,922
Prepaid expenses and other current assets	23,924		23,467		18,477
Total current assets	1,082,249		1,083,726		1,050,450
Property, plant and equipment, net of accumulated depreciation of $309,409 for 2026 and $287,624 and $300,283 for June and December 2025, respectively	187,836		187,333		188,562
Operating lease right-of-use assets	98,254		107,789		105,178
Goodwill	251,877		256,152		256,159
Customer relationships intangibles, net	193,720		216,480		212,056
Other intangibles, net	95,228		98,688		99,102
Deferred income taxes	24,732		19,611		25,384
Investments in unconsolidated affiliates	27,583		25,445		26,310
Other assets	37,034		32,315		32,040
Total assets	$      1,998,513		$      2,027,539		$      1,995,241
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility	$         50,000		$         30,000		$         30,000
Current portion of term loan and other debt	21,130		20,839		21,988
Accounts payable	166,608		178,295		169,089
Sundry payables and accrued expenses	115,232		111,189		92,054
Accrued customer returns	76,953		83,036		49,554
Accrued rebates	124,679		83,694		84,494
Payroll and commissions	44,638		47,059		46,135
Total current liabilities	599,240		554,112		493,314
Long-term debt	415,830		538,639		566,727
Noncurrent operating lease liabilities	87,220		96,180		93,381
Accrued asbestos liabilities	123,345		115,042		112,625
Other accrued liabilities	31,879		31,434		30,932
Total liabilities	1,257,514		1,335,407		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	103,177		102,838		99,005
Retained earnings	629,060		588,450		589,448
Accumulated other comprehensive income	8,796		14,555		17,857
Treasury stock – at cost (1,594,225 shares in 2026 and 1,948,363 and 1,790,097 shares in June and December 2025, respectively)	(62,794)		(76,303)		(70,483)
Total SMP stockholders' equity	726,111		677,412		683,699
Noncontrolling interest	14,888		14,720		14,563
Total stockholders' equity	740,999		692,132		698,262
Total liabilities and stockholders' equity	$      1,998,513		$      2,027,539		$      1,995,241

 

Standard Motor Products, Inc.
Consolidated Statements of Cash Flows
(In thousands, unaudited)	Nine Months Ended September 30,
	2026		2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings	$          62,301		$          34,105
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	34,777		32,393
Amortization of deferred financing cost	815		931
Increase to allowance for expected credit losses	53		2,865
Increase to inventory reserves	4,837		5,367
Equity income from joint ventures	(2,900)		(3,593)
Employee stock ownership plan allocation	2,465		2,025
Stock-based compensation	8,894		5,515
Increase in deferred income taxes	(1,449)		(3,584)
Loss on discontinued operations, net of tax	21,050		36,369
Change in assets and liabilities:
Increase in accounts receivable	(78,295)		(78,691)
Decrease (increase) in inventories	74,297		(22,777)
(Increase) decrease in prepaid expenses and other current assets	(3,221)		3,403
(Decrease) increase in accounts payable	(2,105)		22,431
Increase in sundry payables and accrued expenses	88,908		46,211
Net change in other assets and liabilities	(3,256)		2,711
Net cash provided by operating activities	207,171		85,681
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(23,534)		(29,334)
Other investing activities	(3,434)		3,043
Net cash used in investing activities	(26,968)		(26,291)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loans	(11,782)		(11,788)
Net (repayments) borrowings under revolving credit facilities	(107,718)		9,735
Net (repayments) borrowings of other debt and lease obligations	(5,600)		892
Purchase of treasury stock	(320)		—
(Decrease) increase in overdraft balances	(85)		1,542
Dividends paid	(22,040)		(20,408)
Dividends paid to noncontrolling interest	(624)		(335)
Net cash used in financing activities	(148,169)		(20,362)
Effect of exchange rate changes on cash	972		3,747
Net increase in cash	33,006		42,775
CASH at beginning of period	72,031		44,426
CASH at end of period	$        105,037		$          87,201

 

Standard Motor Products, Inc.
Reconciliation of GAAP to Adjusted Net Sales by Segment
	Three Months Ended September 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)	$    125,944						$    121,420
Electrical and Safety	66,196						63,192
Wire Sets and Other	13,849						13,070
Total Vehicle Control	205,989		3,492		209,481		197,682		—		197,682
Temperature Control
AC System Components	106,004						114,033
Other Thermal Components	31,490						30,624
Total Temperature Control	137,494		1,208		138,702		144,657		—		144,657
Nissens Automotive
Air Conditioning	45,933						36,409
Engine Cooling	33,165						32,168
Engine Efficiency	11,485						15,960
Total Nissens Automotive	90,583		376		90,959		84,537		—		84,537
Engineered Solutions
Light Vehicle	24,674						21,977
Commercial Vehicle	21,800						21,111
Construction/Agriculture	10,200						8,863
All Other	19,053						20,247
Total Engineered Solutions	75,727		34		75,761		72,198		—		72,198
Intersegment sales	(2,002)		—		(2,002)		(238)		—		(238)
Total	$    507,791		$       5,110		$    512,901		$    498,836		$           —		$    498,836

 

Standard Motor Products, Inc.
Reconciliation of GAAP to Adjusted Net Sales by Segment
	Nine Months Ended September 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)	$    388,519						$    368,019
Electrical and Safety	171,635						178,339
Wire Sets and Other	42,586						45,365
Total Vehicle Control	602,740		19,143		621,883		591,723		—		591,723
Temperature Control
AC System Components	290,496						286,001
Other Thermal Components	81,250						78,904
Total Temperature Control	371,746		8,435		380,181		364,905		—		364,905
Nissens Automotive
Air Conditioning	111,535						104,016
Engine Cooling	100,887						95,023
Engine Efficiency	47,203						42,217
Total Nissens Automotive	259,625		615		260,240		241,256		—		241,256
Engineered Solutions
Light Vehicle	72,269						65,161
Commercial Vehicle	66,245						61,552
Construction/Agriculture	30,720						27,855
All Other	60,847						53,854
Total Engineered Solutions	230,081		2,040		232,121		208,422		—		208,422
Intersegment sales	(3,636)		—		(3,636)		(238)		—		(238)
Total	$  1,460,556		$      30,233		$  1,490,789		$  1,406,068		$           —		$  1,406,068

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Earnings Measures
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
(Unaudited)		2026		2025		2026		2025
Earnings from Continuing Operations Attributable to SMP
GAAP Earnings from Continuing Operations		$       32,620		$       29,837		$       82,702		$       69,842
Restructuring Expenses		62		782		676		2,037
Litigation Matter		3,615		—		3,615		—
Acquisition & Integration Expenses		—		299		2		8,346
Income Tax Effect Related To Reconciling Items		(956)		(281)		(1,116)		(2,700)
Non-GAAP Earnings from Continuing Operations		$       35,341		$       30,637		$       85,879		$       77,525
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations		$          1.42		$          1.32		$          3.62		$          3.11
Restructuring Expenses		—		0.04		0.03		0.09
Litigation Matter		0.16		—		0.16		—
Acquisition & Integration Expenses		—		0.01		—		0.37
Income Tax Effect Related To Reconciling Items		(0.04)		(0.01)		(0.05)		(0.12)
Non-GAAP Diluted Earnings Per Share from Continuing Operations		$          1.54		$          1.36		$          3.76		$          3.45

 

		Last Twelve Months Ended				Year Ended
		September 30,				December 31,
(In thousands, except for net debt leverage ratio)		2026		2025		2025
Net Debt		Unaudited				Audited
Current portion of revolving credit facility		$          50,000		$          30,000		$          30,000
Current portion of term loan and other debt		21,130		20,839		21,988
Long-term debt		415,830		538,639		566,727
Total debt		486,960		589,478		618,715
Less: Cash		105,037		$          87,201		72,031
Net debt		381,923		502,277		546,684
EBITDA without Special Items
GAAP Net Earnings (Loss)		$          70,406		$          32,099		$          42,208
Loss from Discontinued Operations, Net of Income Taxes		(22,379)		(37,770)		(37,698)
Provision for Income Taxes		34,610		27,534		30,617
GAAP Earnings from Continuing Operations Before Taxes		127,395		97,403		110,523
Depreciation and Amortization		46,232		41,798		43,848
Interest Expense		29,234		28,998		31,339
EBITDA		202,861		168,199		185,710
Restructuring Expenses		1,219		3,931		2,580
Litigation Matter		3,615		—		—
Acquisition & Integration Expenses		239		20,418		8,583
Customer Program Wind Down		4,067		—		4,067
Special Items		9,140		24,349		15,230
EBITDA without Special Items		$        212,001		$        192,548		$        200,940
Net debt leverage ratio		1.8		2.6		2.7

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments
		Three Months Ended September 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)		$   16,572		$      14,345		$      3,560		$      2,481		$    (22,586)		$       14,372
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(18,472)		(18,472)
Provision for Income Taxes		6,160		4,958		1,456		1,485		(2,063)		$       11,996
GAAP Earnings (Loss) from Continuing Operations Before Taxes		22,732		19,303		5,016		3,966		(6,177)		44,840
Depreciation and Amortization		4,648		891		3,300		2,673		350		11,862
Interest Expense		987		475		4,655		598		(448)		6,267
EBITDA		28,367		20,669		12,971		7,237		(6,275)		62,969
Restructuring Expenses		41		2		—		19		—		62
Litigation Matter		—		—		3,615		—		—		3,615
Special Items		41		2		3,615		19		—		3,677
EBITDA without Special Items		$   28,408		$      20,671		$     16,586		$      7,256		$     (6,275)		$       66,646
% of GAAP Net Sales		13.8 %		15.0 %		18.3 %		9.6 %				13.1 %
% of Non-GAAP Net Sales		13.6 %		14.9 %		18.2 %		9.6 %				13.0 %
		Three Months Ended September 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)		$   10,733		$      20,036		$     4,420		$      2,869		$    (42,232)		$      (4,174)
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(34,172)		(34,172)
Provision for Income Taxes		3,520		7,087		1,120		1,370		(1,119)		11,978
GAAP Earnings (Loss) from Continuing Operations Before Taxes		14,253		27,123		5,540		4,239		(9,179)		41,976
Depreciation and Amortization		4,174		785		3,333		2,574		335		11,201
Interest Expense		1,267		587		5,322		515		(297)		7,394
EBITDA		19,694		28,495		14,195		7,328		(9,141)		60,571
Restructuring Expenses		735		1		—		46		—		782
Acquisition & Integration Expenses		—		—		44		—		255		299
Special Items		735		1		44		46		255		1,081
EBITDA without Special Items		$   20,429		$     28,496		$    14,239		$      7,374		$     (8,886)		$       61,652
% of GAAP Net Sales		10.3 %		19.7 %		16.8 %		10.2 %				12.4 %
% of Non-GAAP Net Sales		10.3 %		19.7 %		16.8 %		10.2 %				12.4 %

 

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments
		Nine Months Ended September 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)		$   37,346		$      41,256		$     11,660		$      7,303		$   (35,263)		$       62,302
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(21,050)		(21,050)
Provision for Income Taxes		13,751		14,448		4,758		3,390		(5,487)		$       30,860
GAAP Earnings (Loss) from Continuing Operations Before Taxes		51,097		55,704		16,418		10,693		(19,700)		114,212
Depreciation and Amortization		13,395		2,586		9,877		7,867		1,052		34,777
Interest Expense		4,699		1,960		14,031		1,714		(1,059)		21,345
EBITDA		69,191		60,250		40,326		20,274		(19,707)		170,334
Restructuring Expenses		551		74		—		51		—		676
Litigation Matter		—		—		3,615		—		—		3,615
Acquisition & Integration Expenses		—		—		2		—		—		2
Special Items		551		74		3,617		51		—		4,293
EBITDA without Special Items		$   69,742		$      60,324		$     43,943		$    20,325		$   (19,707)		$      174,627
% of GAAP Net Sales		11.6 %		16.2 %		16.9 %		8.8 %				12.0 %
% of Non-GAAP Net Sales		11.2 %		15.9 %		16.9 %		8.8 %				11.7 %
		Nine Months Ended September 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)		$   35,318		$      40,312		$     5,954		$      8,150		$   (55,629)		$       34,105
Loss from Discontinued Operations, Net of Income Taxes		—		—		—		—		(36,369)		(36,369)
Provision for Income Taxes		11,430		14,361		2,088		3,508		(4,520)		26,867
GAAP Earnings (Loss) from Continuing Operations Before Taxes		46,748		54,673		8,042		11,658		(23,780)		97,341
Depreciation and Amortization		11,913		2,347		9,645		7,501		987		32,393
Interest Expense		3,820		1,888		16,455		1,517		(230)		23,450
EBITDA		62,481		58,908		34,142		20,676		(23,023)		153,184
Restructuring Expenses		1,740		190		—		105		2		2,037
Acquisition & Integration Expenses		—		—		7,877		—		469		8,346
Special Items		$    1,740		$          190		$     7,877		$        105		$       471		$       10,383
EBITDA without Special Items		$   64,221		$     59,098		$    42,019		$     20,781		$   (22,552)		$      163,567
% of GAAP Net Sales		10.9 %		16.2 %		17.4 %		10.0 %				11.6 %
% of Non-GAAP Net Sales		10.9 %		16.2 %		17.4 %		10.0 %				11.6 %

 

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SOURCE Standard Motor Products, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Standard Motor Products' third-quarter 2026 earnings?

Standard Motor Products reported $1.42 in diluted earnings per share from continuing operations, compared with $1.32 a year earlier. Adjusted continuing-operations diluted earnings were $1.54 per share versus $1.36. Including discontinued operations, diluted earnings attributable to SMP were $0.62 per share versus a $0.19 loss.

When will SMP pay its quarterly dividend, and how much is it?

SMP will pay a quarterly dividend of 33 cents per common share on December 1, 2026, to shareholders of record on November 16, 2026.

Why does Standard Motor Products adjust sales for tariff refunds?

Adjusted sales exclude accounting adjustments for International Emergency Economic Powers Act tariff refunds received from the United States Treasury. The company estimates these refunds may be passed through to customers.

What risks are excluded from Standard Motor Products' 2026 guidance?

The guidance excludes ongoing tariff changes, significant inflationary effects from geopolitical conditions, and interest-rate increases affecting customers' supply-chain financing programs. The company intends to address these pressures through cost savings and pricing programs.