Standard Motor Products, Inc 8-K, filed Oct 30, 2026

Standard Motor Products, Inc. (SMP)

8-K 2026-10-30 For: 2026-10-30

Added on October 30, 2026

About this 8-K

Standard Motor Products, Inc filed this 8-K on October 30, 2026.

Standard Motor Products, Inc. reported third-quarter net sales of $507.8 million, adjusted diluted earnings per share of $1.54, up 13.2%, and net debt leverage of 1.8x. AI summary

Items reported

Item 2.02: Financial results
Item 9.01: Financial statements and exhibits

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New York	001-04743	11-1362020
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employee Identification Number)


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $2.00 per share	SMP	New York Stock Exchange LLC


99.1			Press release dated October 30, 2026 announcing Standard Motor Products, Inc.’s financial results for the three and nine months ended September 30, 2026.

104			Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.


			STANDARD MOTOR PRODUCTS, INC.



			By:			/s/ Nathan R. Iles
						Nathan R. Iles
						Chief Financial Officer


Exhibit No.						Description


99.1						Press release dated October 30, 2026 announcing Standard Motor Products, Inc.’s financial results for the three and nine months ended September 30, 2026.

104						Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.


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.


	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


(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


(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


	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


	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		%