—
Fourth Quarter
net sales of $385.1 million up 12.2%, and up 4.3% excluding Nissens
—
Full year net sales of $1.79 billion, up 22.4%, with growth of 4.0% excluding Nissens
—
Adjusted diluted earnings per share up 19.1% in Q4 and up 26.8% for the full year
—
Adjusted EBITDA margin improved 130 bps in Q4 and 160 bps for the full year
—
Guidance of low to mid-single digit sales growth with adjusted EBITDA margin of 11%-12%
Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and twelve months ended December 31, 2025.
Net sales for the fourth quarter of 2025 were $385.1 million, compared to consolidated net sales of $343.4 million during the same quarter in 2024. Earnings from continuing operations for the fourth quarter of 2025 were $9.2 million or $0.41 per diluted share, compared to loss of $0.8 million or $0.04 per diluted share in the fourth 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 fourth quarter of 2025 were $12.8 million or $0.56 per diluted share, compared to $10.5 million or $0.47 per diluted share in the fourth quarter of 2024.
Consolidated net sales for the twelve months ended December 31, 2025, were $1.79 billion, compared to consolidated net sales of $1.46 billion during the comparable period in 2024. Earnings from continuing operations for the twelve months ended December 31, 2025, were $79.0 million or $3.52 per diluted share, compared to $53.6 million or $2.41 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 twelve months ended December 31, 2025 and 2024 were $90.3 million or $4.02 per diluted share and $70.5 million or $3.17 per diluted share, respectively.
Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer stated, “We were very pleased with our results in the period as the strong performance we experienced throughout the year continued. Sales for the quarter were up 12.2%, and up 22.4% for the full year. Excluding the impact of Nissens Automotive, sales for the quarter and year were up 4.3% and 4.0%, respectively. Adjusted diluted earnings per share were up 19.1% for the quarter and 26.8% for the year.”
Fourth Quarter Highlights:
North American Aftermarket
—
Vehicle Control sales increased 3.3% in the fourth quarter, with full-year performance of 3.0% growth. The solid results in the quarter were due to a combination of factors including favorable customer order patterns, general strength across our non-discretionary categories, and the on-going benefit from our customers’ footprint expansion activities. Customer POS remained healthy in the quarter, continuing a trend we have seen throughout the year.
—
Temperature Control sales increased an impressive 5.9% in the quarter versus a challenging compare of 30% in last year’s fourth quarter and finished the year up 12.2%. This has been another very strong year for the segment, as the season for this business appears to be starting earlier and lasting longer. In addition to weather patterns that drive demand, we believe our strong brand recognition among professional installers has helped increase our customers’ share of the market.
— Both North American aftermarket segments experienced a modest sales lift from tariff passthroughs implemented in the second half of the year, tempered by some compression of gross margins from passing through tariffs at cost.
NissensNissens delivered another solid quarterly performance with sales of $64.1 million. For 2025, Nissens contributed $305.4 million in sales with an adjusted EBITDA margin of 15.9%. Nissens continues to gain share in its markets driven by strong brand awareness and operational excellence, and we expect this outperformance to continue. In November, we completed our first full year of ownership, and heading into 2026 we expect to begin to realize some of the benefits from synergy and integration efforts, including a modest uplift from recently launched new product categories and expanding growth synergies through cross-selling opportunities.
Engineered SolutionsEngineered Solutions sales saw some rebound in the quarter with 6.3% growth over last year’s quarter, primarily driven by timing of orders in our powersports-related categories. For the full year, the segment posted a 3.8% decline in sales as it was impacted by cyclical softness across global end markets, but we were pleased to see sequential recovery in the second half of the year. We also made the decision to wind down certain customer programs in the quarter, for which we incurred some one-time costs. We believe the segment has seen demand stabilize and should experience more stable quarterly performance moving into 2026.
Profitability & Balance SheetAdjusted EBITDA for the quarter increased to $37.4 million, an improvement of 130 bps to 9.7% of net sales. On a year-to-date basis, adjusted EBITDA increased to $200.9 million, showing an improvement of 160 bps to 11.2% of net sales, exceeding our guidance of 10.5% – 11%. The increases were driven by strong performance in our North American and Nissens aftermarket businesses. Nissens contributed $6.5 million and $48.5 million of adjusted EBITDA in the fourth quarter and full year, respectively.
From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $546.7 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage stood at 2.7x at the end of the quarter and we continue to target reducing debt levels to 2.0x adjusted EBITDA by the end of 2026.
2026 GuidanceOur outlook for the full year of 2026 includes an 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 while always the most volatile, a more stable performance in Engineered Solutions. Further, we expect Adjusted EBITDA will be in a range of 11.0%-12.0% that should be aided by initiatives we have underway to drive ongoing profitability gains. As we lap the implementation of tariff-related pricing, we expect a slight increase in sales from higher pricing, but some continued margin compression from pass-through at our cost.
This guidance is based on tariffs in place before the recent Supreme Court ruling on IEEPA tariffs and the announcement of new Section 122 tariffs, and any impact thereof. We will continue to monitor the shifting tariff landscape, and plan to implement changes as necessary.
DividendsThe Board of Directors has approved an increase in its quarterly common stock dividend from thirty-one cents per share to thirty-three cents per share, payable on March 2, 2026, to shareholders of record on February 16, 2026.
Closing RemarksIn closing, Mr. Sills commented, “Our North American and Nissens aftermarket businesses led the way in this year’s strong performance. The global aftermarket continues to be resilient and demand for our products remains strong, driven by the quality, brand recognition and high levels of customer service we provide. We are optimistic heading into 2026 and think we are well positioned to capitalize on favorable trends to drive growth and increased shareholder value. I would like to thank our employees for their hard work and commitment to our continued success.”
Conference Call
Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, February 26, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q4’25 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-343-4849 (domestic) or 203-518-9848 (international). The conference call ID code is SMP4Q2025. 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 800-934-2123 (domestic) or 402-220-1137 (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 Twelve Months Ended
December 31,
December 31,
2025 2024 2025 2024
(In thousands, except share and per share data)
(Unaudited)
Net sales $385,090 $343,352 $1,791,158 $1,463,849
Cost of sales 263,087 242,366 1,231,750 1,040,528
Gross profit 122,003 100,986 559,408 423,321
Selling, general and administrative expenses 99,906 95,282 420,659 335,104
Restructuring and integration expenses 543 1,894 2,580 7,668
Other income, net 19 70 338 75
Operating income 21,573 3,880 136,507 80,624
Other non-operating income (expense), net (502) 1,730 5,355 6,877
Interest expense 7,889 5,548 31,339 13,512
Earnings from continuing operations before income taxes 13,182 62 110,523 73,989
Provision for income taxes 3,750 667 30,617 19,385
Earnings (loss) from continuing operations 9,432 (605) 79,906 54,604
Loss from discontinued operations, net of income taxes (1,329) (1,401) (37,698) (26,128)
Net earnings (loss) 8,103 (2,006) 42,208 28,476
Net earnings attributable to noncontrolling interest 241 191 873 976
Net earnings (loss) attributable to SMP $7,862 $(2,197) $41,335 $27,500
Net earnings (loss) attributable to SMP
---
Continuing operations $9,191 $(796) $79,033 $53,628
Discontinued operations (1,329) (1,401) (37,698) (26,128)
Net earnings (loss) attributable to SMP $7,862 $(2,197) $41,335 $27,500
Per common share data
Basic:
Continuing operations $0.42 $(0.04) $3.59 $2.46
Discontinued operations (0.06) (0.06) (1.71) (1.20)
Net earnings (loss) attributable to SMP per common share $0.36 $(0.10) $1.88 $1.26
Diluted:
Continuing operations $0.41 $(0.04) $3.52 $2.41
Discontinued operations (0.06) (0.06) (1.68) (1.17)
Net earnings (loss) attributable to SMP per common share $0.35 $(0.10) $1.84 $1.24
Dividend declared per common share $0.31 $0.29 $1.24 $1.16
Weighted average number of common shares, basic 22,080,526 21,798,092 21,986,301 21,801,141
Weighted average number of common shares, diluted 22,669,246 22,286,577 22,483,591 22,237,060
Standard Motor Products, Inc.
Segment Revenues
Three Months Ended Twelve Months Ended
December 31, December 31,
2025 2024 2025 2024
(in thousands) (Unaudited)
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery) $118,184 $114,414 $486,203 $467,460
Electrical and Safety 63,599 56,589 241,938 229,361
Wire Sets and Other 11,886 16,415 57,251 65,739
Total Vehicle Control 193,669 187,418 785,392 762,560
Temperature Control
AC System Components 30,780 29,298 316,781 274,926
Other Thermal Components 30,682 28,716 109,586 105,162
Total Temperature Control 61,462 58,014 426,367 380,088
Nissens Automotive
Air Conditioning 22,711 9,214 126,727 9,214
Engine Cooling 31,366 19,287 126,389 19,287
Engine Efficiency 10,044 7,244 52,261 7,244
Total Nissens Automotive 64,121 35,745 305,377 35,745
Engineered Solutions
Light Vehicle 19,726 20,772 84,887 91,548
Commercial Vehicle 19,687 20,155 81,239 89,171
Construction/Agriculture 7,763 8,201 35,618 35,832
All Other 18,886 13,047 72,740 68,905
Total Engineered Solutions 66,062 62,175 274,484 285,456
Other (224) (462)
Total $385,090 $343,352 $1,791,158 $1,463,849
Standard Motor Products, Inc.
Segment Operating Profit
Three Months Ended December 31, Twelve Months Ended December 31,
2025 2024 2025 2024
(in thousands; percentage of net sales)
(Unaudited)
Gross Margin
---
Vehicle Control $62,130 32.1 % $59,565 31.8 % $247,105 31.5 % $244,085 32.0 %
Temperature Control 22,914 37.3 % 19,171 33.0 % 144,821 34.0 % 117,792 31.0 %
Nissens Automotive 27,160 42.4 % 14,590 40.8 % 126,640 41.5 % 14,590 40.8 %
Engineered Solutions 11,879 18.0 % 10,725 17.2 % 49,132 17.9 % 49,919 17.5 %
All Other
Subtotal $124,083 32.2 % $104,051 30.3 % $567,698 31.7 % $426,386 29.1 %
Acquisition & Integration Expenses - % (3,065) -0.9 % (6,210) -0.3 % (3,065) -0.2 %
Customer Program Wind Down (2,080) -0.5 % - % (2,080) -0.1 % - %
Gross Margin $122,003 31.7 % $100,986 29.4 % $559,408 31.2 % $423,321 28.9 %
Selling, General & Administrative
---
Vehicle Control $45,209 23.3 % $42,402 22.6 % $178,885 22.8 % $172,525 22.6 %
Temperature Control 15,660 25.5 % 15,369 26.5 % 83,519 19.6 % 82,010 21.6 %
Nissens Automotive 23,575 36.8 % 14,205 39.7 % 91,832 30.1 % 14,205 39.7 %
Engineered Solutions 8,384 12.7 % 8,832 14.2 % 34,370 12.5 % 34,323 12.0 %
All Other 4,854 5,467 27,693 21,630
Subtotal $97,682 25.4 % $86,275 25.1 % $416,299 23.2 % $324,693 22.2 %
Acquisition & Integration Expenses 237 0.1 % 9,007 2.6 % 2,373 0.1 % 10,411 0.7 %
Customer Program Wind Down 1,987 0.5 % - % 1,987 0.1 % - %
Selling, General & Administrative $99,906 25.9 % $95,282 27.8 % $420,659 23.5 % $335,104 22.9 %
Operating Income
---
Vehicle Control $16,921 8.7 % $17,163 9.2 % $68,220 8.7 % $71,560 9.4 %
Temperature Control 7,254 11.8 % 3,802 6.6 % 61,302 14.4 % 35,782 9.4 %
Nissens Automotive 3,585 5.6 % 385 1.1 % 34,808 11.4 % 385 1.1 %
Engineered Solutions 3,495 5.3 % 1,893 3.0 % 14,762 5.4 % 15,596 5.5 %
All Other (4,854) (5,467) (27,693) (21,630)
Subtotal $26,401 6.9 % $17,776 5.2 % $151,399 8.5 % $101,693 6.9 %
Restructuring (543) -0.1 % (1,894) -0.6 % (2,580) -0.1 % (7,668) -0.5 %
Acquisition & Integration Expenses (237) -0.1 % (12,072) -3.5 % (8,583) -0.5 % (13,476) -0.9 %
Customer Program Wind Down (4,067) -1.1 % - % (4,067) -0.2 % - %
Other Income, Net 19 - % 70 - % 338 - % 75 - %
Operating Income $21,573 5.6 % $3,880 1.1 % $136,507 7.6 % $80,624 5.5 %
Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
Three Months Ended December 31, Twelve Months Ended December 31,
2025 2024 2025 2024
(In thousands, except per share amounts; unaudited)
(Unaudited)
Earnings from Continuing Operations Attributable To SMP
---
GAAP Earnings (Loss) from Continuing Operations $9,191 $(796) $79,033 $53,628
Restructuring Expenses 543 1,894 2,580 7,668
Acquisition & Integration Expenses 237 13,041 8,583 15,245
Customer Program Wind Down 4,067 4,067
Certain Tax Credits And Production Deductions Finalized In Period (380)
Income Tax Effect Related To Reconciling Items (1,260) (3,631) (3,960) (5,705)
Non-GAAP Earnings from Continuing Operations $12,778 $10,508 $90,303 $70,456
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
---
GAAP Diluted Earnings (Loss) Per Share from Continuing Operations $0.41 $(0.04) $3.52 $2.41
Restructuring Expenses 0.02 0.08 0.11 0.34
Acquisition & Integration Expenses 0.01 0.59 0.38 0.69
Customer Program Wind Down 0.18 0.18
Certain Tax Credits And Production Deductions Finalized In Period (0.02)
Income Tax Effect Related To Reconciling Items (0.06) (0.16) (0.17) (0.25)
Non-GAAP Diluted Earnings Per Share from Continuing Operations $0.56 $0.47 $4.02 $3.17
Operating Income
---
GAAP Operating Income $21,573 $3,880 $136,507 $80,624
Restructuring Expenses 543 1,894 2,580 7,668
Acquisition & Integration Expenses 237 12,072 8,583 13,476
Customer Program Wind Down 4,067 4,067
Other Income, Net (19) (70) (338) (75)
Non-GAAP Operating Income $26,401 $17,776 $151,399 $101,693
EBITDA without Special Items
---
GAAP Earnings from Continuing Operations Before Taxes $13,182 $62 $110,523 $73,989
Depreciation and Amortization 11,455 9,405 43,848 31,413
Interest Expense 7,889 5,548 31,339 13,512
EBITDA 32,526 15,015 185,710 118,914
Restructuring Expenses 543 1,894 2,580 7,668
Acquisition & Integration Expenses 237 12,072 8,583 13,476
Customer Program Wind Down 4,067 4,067
Special Items 4,847 13,966 15,230 21,144
EBITDA without Special Items $37,373 $28,981 $200,940 $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 December 31, 2025
(In thousands, unaudited) Vehicle Temperature Nissens Engineered All Other Consolidated
Control Control Automotive Solutions
Operating Income
GAAP Operating Income (Loss) $16,339 $7,315 $3,468 $(587) $(4,962) $21,573
Restructuring Expenses 531 13 (1) 543
Acquisition & Integration Expenses 129 108 237
Customer Program Wind Down 4,067 4,067
Other (Income) Expense, Net 52 (61) (14) 4 (19)
Non-GAAP Operating Income (Loss) $16,922 $7,254 $3,583 $3,497 $(4,855) $26,401
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes $15,292 $6,466 $(2,658) $(882) $(5,036) $13,182
Depreciation and Amortization 4,265 938 3,290 2,587 375 11,455
Interest Expense 1,365 581 5,705 554 (316) 7,889
EBITDA 20,922 7,985 6,337 2,259 (4,977) 32,526
Restructuring Expenses 531 13 (1) 543
Acquisition & Integration Expenses 129 108 237
Customer Program Wind Down 4,067 4,067
Special Items 531 129 4,080 107 4,847
EBITDA without Special Items $21,453 $7,985 $6,466 $6,339 $(4,870) $37,373
% of Net Sales 11.1 % 13.0 % 10.1 % 9.6 % 9.7 %
Three Months Ended December 31, 2024
(In thousands, unaudited) Vehicle Temperature Nissens Engineered All Other Consolidated
Control Control Automotive Solutions
Operating Income
GAAP Operating Income (Loss) $15,621 $3,635 $(2,768) $1,766 $(14,374) $3,880
Restructuring Expenses 1,536 169 189 1,894
Acquisition & Integration Expenses 3,165 8,907 12,072
Other Income, Net 6 (2) (12) (62) (70)
Non-GAAP Operating Income (Loss) $17,163 $3,802 $385 $1,893 $(5,467) $17,776
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes $14,893 $4,216 $(6,087) $2,184 $(15,144) $62
Depreciation And Amortization 3,860 827 1,943 2,368 407 9,405
Interest Expense 484 312 4,147 560 45 5,548
EBITDA 19,237 5,355 3 5,112 (14,692) 15,015
Restructuring Expenses 1,536 169 189 1,894
Acquisition & Integration Expenses 3,165 8,907 12,072
Special Items 1,536 169 3,165 189 8,907 13,966
EBITDA without Special Items $20,773 $5,524 $3,168 $5,301 $(5,785) $28,981
% of Net Sales 11.1 % 9.5 % 8.9 % 8.5 % 8.4 %
Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.
Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Twelve Months Ended December 31, 2025
(In thousands; unaudited) Vehicle Temperature Nissens Engineered All Other Consolidated
Control Control Automotive Solutions
Operating Income
GAAP Operating Income (Loss) $65,796 $61,485 $26,900 $10,598 $(28,272) $136,507
Restructuring Expenses 2,271 190 118 1 2,580
Acquisition & Integration Expenses 8,006 577 8,583
Customer Program Wind Down 4,067 4,067
Other (Income) Expense, Net 154 (373) (99) (20) (338)
Non-GAAP Operating Income (Loss) $68,221 $61,302 $34,807 $14,763 $(27,694) $151,399
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes $62,040 $61,139 $5,384 $10,776 $(28,816) $110,523
Depreciation and Amortization 16,178 3,285 12,935 10,088 1,362 43,848
Interest Expense 5,185 2,469 22,160 2,071 (546) 31,339
EBITDA 83,403 66,893 40,479 22,935 (28,000) 185,710
Restructuring Expenses 2,271 190 118 1 2,580
Acquisition & Integration Expenses 8,006 577 8,583
Customer Program Wind Down 4,067 4,067
Special Items 2,271 190 8,006 4,185 578 15,230
EBITDA without Special Items $85,674 $67,083 $48,485 $27,120 $(27,422) $200,940
% of Net Sales 10.9 % 15.7 % 15.9 % 9.9 % 11.2 %
Twelve Months Ended December 31, 2024
(In thousands; unaudited) Vehicle Temperature Nissens Engineered All Other Consolidated
Control Control Automotive Solutions
Operating Income
GAAP Operating Income (Loss) $67,306 $34,937 $(2,768) $14,820 $(33,671) $80,624
Restructuring and Integration Expenses 4,248 847 843 1,730 7,668
Acquisition Expenses 3,165 10,311 13,476
Other Income (Loss), Net 6 (2) (12) (67) (75)
Non-GAAP Operating Income $71,560 $35,782 $385 $15,596 $(21,630) $101,693
EBITDA without Special Items
GAAP Earnings (Loss) from Continuing Operations Before Taxes $61,119 $36,612 $(6,087) $16,666 $(34,321) $73,989
Depreciation And Amortization 14,841 3,307 1,943 9,608 1,714 31,413
Interest Expense 5,976 2,360 4,147 2,364 (1,335) 13,512
EBITDA 81,936 42,279 3 28,638 (33,942) 118,914
Restructuring and Integration Expenses 4,248 847 843 1,730 7,668
Acquisition Expenses 3,165 10,311 13,476
Special Items 4,248 847 3,165 843 12,041 21,144
EBITDA without Special Items $86,184 $43,126 $3,168 $29,481 $(21,901) $140,058
% of Net Sales 11.3 % 11.3 % 8.9 % 10.3 % 9.6 %
Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.
Standard Motor Products, Inc.
Condensed Consolidated Balance Sheets
(In thousands) December 2025 December 2024
ASSETS
Cash $72,031 $44,426
Accounts Receivable, Gross 242,063 216,191
Allowance For Expected Credit Losses 10,043 5,472
Accounts Receivable, Net 232,020 210,719
Inventories 712,151 624,913
Unreturned Customer Inventory 15,771 16,163
Other Current Assets 18,477 25,703
Total Current Assets 1,050,450 921,924
Property, Plant And Equipment, Net 188,562 168,735
Operating Lease Right-of-use Assets 105,178 109,899
Goodwill 256,159 241,418
Customer Relationships Intangibles, Net 212,056 210,430
Other Intangibles, Net 99,102 90,540
Deferred Income Taxes 25,384 13,199
Investment In Unconsolidated Affiliates 26,310 24,842
Other Assets 32,040 33,139
Total Assets $1,995,241 $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 21,988 16,317
Accounts Payable 169,089 148,009
Sundry Payables And Accrued Expenses 79,526 84,936
Accrued Customer Returns 49,554 46,471
Accrued Core Liability 12,528 12,807
Accrued Rebates 84,494 76,168
Payroll And Commissions 46,135 40,964
Total Current Liabilities 493,314 436,472
Long-term Debt 566,727 535,197
Noncurrent Operating Lease Liabilities 93,381 98,214
Accrued Asbestos Liabilities 112,625 84,568
Other Accrued Liabilities 30,932 29,593
Total Liabilities 1,296,979 1,184,044
Total SMP Stockholders' Equity 683,699 615,745
Noncontrolling Interest 14,563 14,337
Total Stockholders' Equity 698,262 630,082
Total Liabilities And Stockholders' Equity $1,995,241 $1,814,126
Standard Motor Products, Inc.
Condensed Consolidated Statements of Cash Flows
Twelve Months Ended
December 31,
(In thousands) 2025 2024
Cash Flows From Operating Activities
Net Earnings $42,208 $28,476
Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:
Depreciation And Amortization 43,848 31,413
Loss From Discontinued Operations, Net Of Taxes 37,698 26,128
Other 14,918 2,212
Change In Assets And Liabilities:
Accounts Receivable (16,767) (8,753)
Inventory (81,629) (36,883)
Accounts Payable 14,601 8,166
Prepaid Expenses And Other Current Assets 6,655 856
Sundry Payables And Accrued Expenses (6,110) 24,170
Other 2,018 908
Net Cash Provided by Operating Activities 57,440 76,693
Cash Flows From Investing Activities
Acquisitions of and Investments in Businesses - (372,491)
Capital Expenditures (38,724) (44,018)
Other Investing Activities 3,060 (2,174)
Net Cash Used in Investing Activities (35,664) (418,683)
Cash Flows From Financing Activities
Net Change In Debt 27,725 392,630
Purchase Of Treasury Stock - (10,428)
Dividends Paid (27,272) (25,341)
Dividends Paid to Noncontrolling Interest (785) (2,347)
Payments Of Debt Issuance Costs - (5,133)
Other Financing Activities 63 166
Net Cash Provided by (Used In) Investing Activities (269) 349,547
Effect Of Exchange Rate Changes On Cash 6,098 4,343
Net Increase In Cash 27,605 11,900
Cash At Beginning Of Period 44,426 32,526
Cash At End Of Period $72,031 $44,426
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SOURCE Standard Motor Products, Inc.
https://rt.newswire.ca/rt.gif?NewsItemId=NY96352&Transmission_Id=202602260830PR_NEWS_USPR_____NY96352&DateId=20260226
COMTEX_474268776/1005/2026-02-26T08:30:18