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

NEW YORK, Oct. 31, 2025 /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, 2025.

Net sales for the third quarter of 2025 were $498.8 million, compared to consolidated net sales of $399.3 million during the same quarter in 2024. Earnings from continuing operations for the third quarter of 2025 were $29.8 million or $1.32 per diluted share, compared to earnings of $26.6 million or $1.20 per diluted share in the third quarter of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the third quarter of 2025 were $30.6 million or $1.36 per diluted share, compared to $28.3 million or $1.28 per diluted share in the third quarter of 2024.

Consolidated net sales for the nine months ended September 30, 2025, were $1.41 billion, compared to consolidated net sales of $1.12 billion during the comparable period in 2024. Earnings from continuing operations for the nine months ended September 30, 2025, were $69.8 million or $3.11 per diluted share, compared to $54.4 million or $2.45 per diluted share in the comparable period of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the nine months ended September 30, 2025 and 2024 were $77.5 million or $3.45 per diluted share and $59.9 million or $2.70 per diluted share, respectively.

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We are very pleased with our solid third quarter results, especially following our record quarter last year. Sales for the quarter increased nearly 25%, or 3.8% excluding the impact of Nissens Automotive (Nissens). This reflects an ongoing trend, as year-to-date we are up 25.5%, or 4.0% excluding Nissens. Additionally, adjusted non-GAAP diluted earnings per share grew 6.3% for the quarter and 27.8% for the year."

Third Quarter Highlights:

North American Aftermarket Segments

Nissens

Our newest segment, Nissens, posted another solid quarter as it contributed sales of $84.5 million, with an adjusted EBITDA margin of 16.8%, in line with our full-year expectations of mid-teens. Nissens continues to outperform in its markets, executing on its value proposition and gaining share, and is enjoying the benefits of some favorable currency translation.

Nearing our first full year of ownership, we are ahead of plan and very pleased with our synergy and integration efforts to date and have begun planning our next wave of initiatives, including capitalizing on each other's strengths to launch new product categories.

Engineered Solutions

Sales in the Engineered Solutions segment were essentially flat in the quarter, reflecting a leveling off in certain end markets. While it is difficult to predict when a general end-market rebound may occur, we believe demand has stabilized, and along with easier comparisons moving forward, we expect more steady performance for the segment.

Profitability & Balance Sheet

Adjusted EBITDA for the quarter increased to $61.7 million, up from $48.7 million last year, driven by strong performance in our Temperature Control segment, as well as the $14.2 million contributed from Nissens, partially offset by the impact of lower sales volume in the Vehicle Control segment. On a year-to-date basis, adjusted EBITDA increased to $163.6 million up from $111.1 million in the same period last year, again driven by strong performance in our Temperature Control segment, as well as the $42.0 million contributed from Nissens that resulted in an adjusted EBITDA margin improvement of 170 basis points to 11.6%.

From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $502.3 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage declined from 3.2x to 2.6x in the quarter on the strength of our results, and we continue to target reducing debt levels to 2.0x adjusted EBITDA by the end of 2026.

Tariff Impact & Mitigation

On tariffs, we believe our diverse global footprint provides us with a competitive advantage. Over half of our U.S. sales are from North American-made, USMCA-compliant products, which are largely tariff-free. For products sourced from other regions, we are implementing our mitigation plan as previously described, which includes cost containment through cost-sharing with our suppliers, re-sourcing to lower-tariffed countries, and from pass-through pricing to our customers. Beginning in the third quarter of 2025, our ongoing tariff costs were generally offset with pricing, and we expect this offset to continue going forward. We are hopeful that we are nearing a more stabilized environment. We continue to monitor the shifting tariff landscape and plan to implement any changes as necessary.

Updated 2025 Guidance

We are raising our full year sales growth guidance to the low-to-mid 20's percent range (from the low 20's percent range) and are tightening our adjusted EBITDA margin outlook to 10.5% - 11% (from a prior range of 10% - 11%). As a reminder, we acquired Nissens on November 1, 2024, and as such the sales growth guidance includes a partial quarter of ownership in the comparable sales. Also note that our revised guidance now includes the impact of tariffs as they stand as of the end of the third quarter and includes both pricing and other mitigating actions to offset higher costs. While passing through tariff pricing at our cost creates margin rate compression, we're pleased to see sales growth and other initiatives offset this headwind and allow us to raise our EBITDA guidance.

Dividends

The Board of Directors has approved payment of a quarterly dividend of 31 cents per share on the common stock outstanding, which will be paid on December 1, 2025, to stockholders of record on November 14, 2025.

Closing Remarks

In closing, Mr. Sills commented, "This has been a strong year for SMP despite volatility related to tariffs, geopolitical issues and an uncertain macroeconomic environment. Demand for our North American aftermarket products remains solid as our customers continue to partner with us to service the aging fleet on the road today. We are investing in our business model to expand our position globally, capitalizing on complementary strengths with Nissens to expand on both sides of the ocean. We will continue to find ways to grow, improve profitability and deliver increased shareholder value, and as such are optimistic about our future. 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 31, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q3'25 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-579-2543 (domestic) or 785-424-1789 (international). The conference call ID code is SMP3Q2025. 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

September 30,

Nine Months Ended

September 30,

(In thousands, except share and per share data, unaudited)

2025

2024

2025

2024

Net sales

$ 498,836

$ 399,265

$ 1,406,068

$ 1,120,497

Cost of sales

337,042

277,899

968,663

798,162

Gross profit

161,794

121,366

437,405

322,335

Selling, general and administrative expenses

113,388

81,204

320,753

239,822

Restructuring expenses

782

3,023

2,037

5,774

Other income, net

—

319

Operating income

47,636

37,139

114,934

76,744

Other non-operating income, net

1,734

2,129

5,857

5,147

Interest expense

7,394

3,145

23,450

7,964

Earnings from continuing operations before income taxes

41,976

36,123

97,341

73,927

Provision for income taxes

11,977

9,267

26,867

18,718

Earnings from continuing operations

29,999

26,856

70,474

55,209

Loss from discontinued operations, net of income taxes

(34,172)

(22,771)

(36,369)

(24,727)

Net earnings (loss)

(4,173)

4,085

34,105

30,482

Net earnings attributable to noncontrolling interest

162

275

632

785

Net earnings (loss) attributable to SMP

$ (4,335)

$ 3,810

$ 33,473

$ 29,697

Net earnings (loss) attributable to SMP

Continuing operations

$ 29,837

$ 26,581

$ 69,842

$ 54,424

Discontinued operations

(34,172)

(22,771)

(36,369)

(24,727)

Net earnings (loss) attributable to SMP

$ (4,335)

$ 3,810

$ 33,473

$ 29,697

Per common share data

Basic:

Continuing operations

$ 1.36

$ 1.22

$ 3.18

$ 2.50

Discontinued operations

(1.56)

(1.04)

(1.66)

(1.14)

Net earnings (loss) attributable to SMP per common share

$ (0.20)

$ 0.18

$ 1.52

$ 1.36

Diluted:

Continuing operations

$ 1.32

$ 1.20

$ 3.11

$ 2.45

Discontinued operations

(1.51)

(1.03)

(1.62)

(1.11)

Net earnings (loss) attributable to SMP per common share

$ (0.19)

$ 0.17

$ 1.49

$ 1.34

Dividend declared per common share

$ 0.31

$ 0.29

$ 0.93

$ 0.87

Weighted average number of common shares, basic

21,991,194

21,716,083

21,954,548

21,802,164

Weighted average number of common shares, diluted

22,571,304

22,154,222

22,439,082

22,225,444

Standard Motor Products, Inc.

Segment Revenues

Three Months Ended

September 30,

Nine Months Ended

September 30,

(in thousands, unaudited)

2025

2024

2025

2024

Vehicle Control

Engine Management (Ignition, Emissions and Fuel Delivery)

$ 121,420

$ 121,432

$ 368,019

$ 353,046

Electrical and Safety

63,192

63,237

178,339

172,772

Wire Sets and Other

13,070

16,208

45,365

49,324

Total Vehicle Control

197,682

200,877

591,723

575,142

Temperature Control

AC System Components

114,033

95,698

286,001

245,628

Other Thermal Components

30,624

30,287

78,904

76,446

Total Temperature Control

144,657

125,985

364,905

322,074

Nissens Automotive

Air Conditioning

36,409

—

104,016

—

Engine Cooling

32,168

—

95,023

—

Engine Efficiency

15,960

—

42,217

—

Total Nissens Automotive

84,537

—

241,256

—

Engineered Solutions

Light Vehicle

21,977

24,287

65,161

70,776

Commercial Vehicle

21,111

22,625

61,552

69,016

Construction/Agriculture

8,863

8,082

27,855

27,631

All Other

20,247

17,409

53,854

55,858

Total Engineered Solutions

72,198

72,403

208,422

223,281

Other

(238)

—

(238)

—

Total

$ 498,836

$ 399,265

$ 1,406,068

$ 1,120,497

Standard Motor Products, Inc

Segment Operating Profit

Three Months Ended

September 30,

Nine Months Ended

September 30,

(in thousands, unaudited; percentage of net sales)

2025

2024

2025

2024

Gross Margin

Vehicle Control

$ 62,166

31.4 %

$ 65,652

32.7 %

$ 184,975

31.3 %

$ 184,520

32.1 %

Temperature Control

51,946

35.9 %

42,323

33.6 %

121,907

33.4 %

98,621

30.6 %

Nissens Automotive

34,827

41.2 %

—

— %

99,480

41.2 %

—

— %

Engineered Solutions

12,855

17.8 %

13,391

18.5 %

37,253

17.9 %

39,194

17.6 %

All Other

—

Subtotal

$ 161,794

32.4 %

$ 121,366

30.4 %

$ 443,615

31.6 %

$ 322,335

28.8 %

Acquisition Expenses

—

— %

—

— %

(6,210)

-0.4 %

—

— %

Gross Margin

$ 161,794

32.4 %

$ 121,366

30.4 %

$ 437,405

31.1 %

$ 322,335

28.8 %

Selling, General & Administrative

Vehicle Control

$ 46,277

23.4 %

$ 43,021

21.4 %

$ 133,676

22.6 %

$ 130,123

22.6 %

Temperature Control

25,196

17.4 %

25,876

20.5 %

67,859

18.6 %

66,641

20.7 %

Nissens Automotive

24,018

28.4 %

—

— %

68,257

28.3 %

—

— %

Engineered Solutions

8,754

12.1 %

8,124

11.2 %

25,986

12.5 %

25,491

11.4 %

All Other

8,844

5,190

22,839

16,163

Subtotal

$ 113,089

22.7 %

$ 82,211

20.6 %

$ 318,617

22.7 %

$ 238,418

21.3 %

Acquisition Expenses

299

0.1 %

(1,007)

-0.3 %

2,136

0.2 %

1,404

0.1 %

Selling, General & Administrative

$ 113,388

22.7 %

$ 81,204

20.3 %

$ 320,753

22.8 %

$ 239,822

21.4 %

Operating Income

Vehicle Control

$ 15,889

8.0 %

$ 22,631

11.3 %

$ 51,299

8.7 %

$ 54,397

9.5 %

Temperature Control

26,750

18.5 %

16,447

13.1 %

54,048

14.8 %

31,980

9.9 %

Nissens Automotive

10,809

12.8 %

—

— %

31,223

12.9 %

—

— %

Engineered Solutions

4,101

5.7 %

5,267

7.3 %

11,267

5.4 %

13,703

6.1 %

All Other

(8,844)

(5,190)

(22,839)

(16,163)

Subtotal

$ 48,705

9.8 %

$ 39,155

9.8 %

$ 124,998

8.9 %

$ 83,917

7.5 %

Restructuring

(782)

-0.2 %

(3,023)

-0.8 %

(2,037)

-0.1 %

(5,774)

-0.5 %

Acquisition & Integration Expenses

(299)

-0.1 %

1,007

0.3 %

(8,346)

-0.6 %

(1,404)

-0.1 %

Other Income, Net

— %

—

— %

319

— %

Operating Income

$ 47,636

9.5 %

$ 37,139

9.3 %

$ 114,934

8.2 %

$ 76,744

6.8 %

Standard Motor Products, Inc

Reconciliation of GAAP and Non-GAAP Measures

(In thousands, except per share amounts, unaudited)

Three Months Ended

Nine Months Ended

September 30,

2025

2024

2025

2024

Earnings from Continuing Operations Attributable To SMP

GAAP Earnings from Continuing Operations

$ 29,837

$ 26,581

$ 69,842

$ 54,424

Restructuring Expenses

782

3,023

2,037

5,774

Acquisition & Integration Expenses

299

(207)

8,346

2,204

Certain Tax Credits And Production Deductions Finalized In Period

—

(380)

—

(380)

Income Tax Effect Related To Reconciling Items

(281)

(732)

(2,700)

(2,074)

Non-GAAP Earnings from Continuing Operations

$ 30,637

$ 28,285

$ 77,525

$ 59,948

Diluted Earnings Per Share from Continuing Operations Attributable to SMP

GAAP Diluted Earnings Per Share from Continuing Operations

$ 1.32

$ 1.20

$ 3.11

$ 2.45

Restructuring Expenses

0.04

0.14

0.09

0.26

Acquisition & Integration Expenses

0.01

(0.01)

0.37

0.10

Certain Tax Credits And Production Deductions Finalized In Period

—

(0.02)

—

(0.02)

Income Tax Effect Related To Reconciling Items

(0.01)

(0.03)

(0.12)

(0.09)

Non-GAAP Diluted Earnings Per Share from Continuing Operations

$ 1.36

$ 1.28

$ 3.45

$ 2.70

Operating Income

GAAP Operating Income

$ 47,636

$ 37,139

$ 114,934

$ 76,744

Restructuring Expenses

782

3,023

2,037

5,774

Acquisition & Integration Expenses

299

(1,007)

8,346

1,404

Last Twelve Months Ended

Other Income, Net

(12)

—

(319)

(5)

September 30,

Year Ended

Non-GAAP Operating Income

$ 48,705

$ 39,155

$ 124,998

$ 83,917

2025

2024

December 31,

2024

EBITDA without Special Items

GAAP Earnings from Continuing Operations Before Taxes

$ 41,976

$ 36,123

$ 97,341

$ 73,927

$ 97,403

$ 80,920

$ 73,989

Depreciation and Amortization

11,201

7,389

32,393

22,008

41,798

29,569

31,413

Interest Expense

7,394

3,145

23,450

7,964

28,998

10,485

13,512

EBITDA

60,571

46,657

153,184

103,899

168,199

120,974

118,914

Restructuring Expenses

782

3,023

2,037

5,774

3,931

7,033

7,668

Acquisition & Integration Expenses

299

(1,007)

8,346

1,404

20,418

1,404

13,476

Special Items

1,081

2,016

10,383

7,178

24,349

8,437

21,144

EBITDA without Special Items

$ 61,652

$ 48,673

$ 163,567

$ 111,077

$ 192,548

$ 129,411

$ 140,058

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

Standard Motor Products, Inc

Reconciliation of GAAP and Non-GAAP Measures by Segments

Three Months Ended September 30, 2025

(In thousands, unaudited)

Vehicle

Control

Temperature

Control

Nissens

Automotive

Engineered

Solutions

All Other

Consolidated

Operating Income

GAAP Operating Income

$ 15,135

$ 26,734

$ 10,811

$ 4,055

$ (9,099)

$ 47,636

Restructuring Expenses

735

—

782

Acquisition & Integration Expenses

—

255

299

Other (Income) Expense, Net

(45)

(1)

—

(12)

Non-GAAP Operating Income

$ 15,889

$ 26,750

$ 10,810

$ 4,100

$ (8,844)

$ 48,705

EBITDA without Special Items

GAAP Earnings 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

—

782

Acquisition & Integration Expenses

—

255

299

Special Items

735

255

1,081

EBITDA without Special Items

$ 20,429

$ 28,496

$ 14,239

$ 7,374

$ (8,886)

$ 61,652

% of Net Sales

10.3 %

19.7 %

16.8 %

10.2 %

12.4 %

Three Months Ended September 30, 2024

(In thousands, unaudited)

Vehicle

Control

Temperature

Control

Nissens

Automotive

Engineered

Solutions

All Other

Consolidated

Operating Income

GAAP Operating Income

$ 21,029

$ 16,074

$ —

$ 5,010

$ (4,974)

$ 37,139

Restructuring Expenses

1,602

373

—

257

791

3,023

Acquisition & Integration Expenses

—

(1,007)

Other Income, Net

—

Non-GAAP Operating Income

$ 22,631

$ 16,447

$ —

$ 5,267

$ (5,190)

$ 39,155

EBITDA without Special Items

GAAP Earnings from Continuing Operations

Before Taxes

$ 18,844

$ 16,530

$ —

$ 5,607

$ (4,858)

$ 36,123

Depreciation And Amortization

3,850

802

—

2,308

429

7,389

Interest Expense

2,166

791

—

434

(246)

3,145

EBITDA

24,860

18,123

—

8,349

(4,675)

46,657

Restructuring Expenses

1,602

373

—

257

791

3,023

Acquisition & Integration Expenses

—

(1,007)

Special Items

1,602

373

—

257

(216)

2,016

EBITDA without Special Items

$ 26,462

$ 18,496

$ —

$ 8,606

$ (4,891)

$ 48,673

% of Net Sales

13.2 %

14.7 %

11.9 %

12.2 %

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

Standard Motor Products, Inc

Reconciliation of GAAP and Non-GAAP Measures by Segments

Nine Months Ended September 30, 2025

(In thousands, unaudited)

Vehicle

Control

Temperature

Control

Nissens

Automotive

Engineered

Solutions

All Other

Consolidated

Operating Income

GAAP Operating Income

$ 49,457

$ 54,170

$ 23,432

$ 11,185

$ (23,310)

$ 114,934

Restructuring Expenses

1,740

190

—

105

2,037

Acquisition & Integration Expenses

—

7,877

—

469

8,346

Other (Income) Expense, Net

102

(312)

(85)

(24)

—

(319)

Non-GAAP Operating Income

$ 51,299

$ 54,048

$ 31,224

$ 11,266

$ (22,839)

$ 124,998

EBITDA without Special Items

GAAP Earnings 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

2,037

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 Net Sales

10.9 %

16.2 %

17.4 %

10.0 %

11.6 %

Nine Months Ended September 30, 2024

(In thousands, unaudited)

Vehicle

Control

Temperature

Control

Nissens

Automotive

Engineered

Solutions

All Other

Consolidated

Operating Income

GAAP Operating Income

$ 51,685

$ 31,302

$ —

$ 13,054

$ (19,297)

$ 76,744

Restructuring Expenses

2,712

678

—

654

1,730

5,774

Acquisition & Integration Expenses

—

1,404

Other Income, Net

—

(5)

—

(5)

Non-GAAP Operating Income

$ 54,397

$ 31,980

$ —

$ 13,703

$ (16,163)

$ 83,917

EBITDA without Special Items

GAAP Earnings from Continuing Operations

Before Taxes

$ 46,226

$ 32,396

$ —

$ 14,482

$ (19,177)

$ 73,927

Depreciation And Amortization

10,981

2,480

—

7,240

1,307

22,008

Interest Expense

5,492

2,048

—

1,804

(1,380)

7,964

EBITDA

62,699

36,924

—

23,526

(19,250)

103,899

Restructuring Expenses

2,712

678

—

654

1,730

5,774

Acquisition & Integration Expenses

—

1,404

Special Items

2,712

678

—

654

3,134

7,178

EBITDA without Special Items

$ 65,411

$ 37,602

$ —

$ 24,180

$ (16,116)

$ 111,077

% of Net Sales

11.4 %

11.7 %

— %

10.8 %

9.9 %

Standard Motor Products, Inc

Condensed Consolidated Balance Sheets

(In thousands)

September 2025

September 2024

December 2024

Unaudited

ASSETS

Cash

$ 87,201

$ 26,348

$ 44,426

Accounts Receivable, Gross

304,599

225,827

216,191

Allowance For Expected Credit Losses

8,370

8,697

5,472

Accounts Receivable, Net

296,229

217,130

210,719

Inventories

656,777

503,015

624,913

Unreturned Customer Inventory

20,052

17,843

16,163

Other Current Assets

23,467

28,873

25,703

Total Current Assets

1,083,726

793,209

921,924

Property, Plant And Equipment, Net

187,333

138,490

168,735

Operating Lease Right-of-use Assets

107,789

96,039

109,899

Goodwill

256,152

134,725

241,418

Customer Relationships Intangibles, Net

216,480

—

210,430

Other Intangibles, Net

98,688

85,837

90,540

Deferred Income Taxes

19,611

45,315

13,199

Investment In Unconsolidated Affiliates

25,445

23,914

24,842

Other Assets

32,315

33,012

33,139

Total Assets

$ 2,027,539

$ 1,350,541

$ 1,814,126

LIABILITIES AND STOCKHOLDERS' EQUITY

Current Portion Of Revolving Credit Facility

$ 30,000

$ —

$ 10,800

Current Portion Of Term Loan And Other Debt

20,839

2,685

16,317

Accounts Payable

178,295

112,404

148,009

Accrued Customer Returns

83,036

62,326

46,471

Accrued Core Liability

12,418

15,226

12,807

Accrued Rebates

83,694

53,163

76,168

Payroll And Commissions

47,059

37,050

40,964

Sundry Payables And Accrued Expenses

98,771

69,666

84,936

Total Current Liabilities

554,112

352,520

436,472

Long-term Debt

538,639

140,163

535,197

Noncurrent Operating Lease Liabilities

96,180

86,259

98,214

Accrued Asbestos Liabilities

115,042

89,544

84,568

Other Liabilities

31,434

28,611

29,593

Total Liabilities

1,335,407

697,097

1,184,044

Total SMP Stockholders' Equity

677,412

638,833

615,745

Noncontrolling Interest

14,720

14,611

14,337

Total Stockholders' Equity

692,132

653,444

630,082

Total Liabilities And Stockholders' Equity

$ 2,027,539

$ 1,350,541

$ 1,814,126

Standard Motor Products, Inc

Condensed Consolidated Statements of Cash Flows

Nine Months Ended

September 30,

(In thousands, unaudited)

2025

2024

Cash Flows From Operating Activities

Net Earnings

$ 34,105

$ 30,482

Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:

Depreciation And Amortization

32,393

22,008

Loss From Discontinued Operations, Net Of Taxes

36,369

24,727

Other

9,526

4,473

Change In Assets And Liabilities:

Accounts Receivable

(78,691)

(59,040)

Inventory

(22,777)

2,895

Accounts Payable

22,431

4,487

Prepaid Expenses And Other Current Assets

3,403

(2,739)

Sundry Payables And Accrued Expenses

46,211

45,470

Other

2,711

5,437

Net Cash Provided by Operating Activities

85,681

78,200

Cash Flows From Investing Activities

Capital Expenditures

(29,334)

(34,136)

Other Investing Activities

3,043

Net Cash Used in Investing Activities

(26,291)

(34,118)

Cash Flows From Financing Activities

Net Change In Debt

(1,161)

(13,422)

Purchase Of Treasury Stock

—

(10,409)

Dividends Paid

(20,408)

(19,004)

Payments Of Debt Issuance Costs

—

(4,183)

Other Financing Activities

1,207

(651)

Net Cash Used in Financing Activities

(20,362)

(47,669)

Effect Of Exchange Rate Changes On Cash

3,747

(2,591)

Net Increase (Decrease) In Cash

42,775

(6,178)

Cash At Beginning Of Period

44,426

32,526

Cash At End Of Period

$ 87,201

$ 26,348

SOURCE Standard Motor Products, Inc.