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

PR Newswire

NEW YORK, Oct. 30, 2026

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.

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Standard Motor Products, Inc.