- 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 Represents net sales (a GAAP measure), excluding
adjustment for
adjusted segment net sales 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 Represents earnings from continuing operations
attributable to
share from continuing operations SMP (a GAAP measure) and related income statement
items, such
attributable to SMP and related as gross profit, selling, general and administrative
expenses,
non-GAAP income statement items operating income (GAAP measures), adjusted to exclude
and related percentage of net sales restructuring expenses, acquisition and integration
expenses, other
and adjusted net sales 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, Represents net earnings (loss) (a GAAP measure),
excluding
EBITDA without special items and depreciation, amortization, and interest expense
adjusted or
related margin percentage 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 Nine Months Ended
September 30,
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, September 30, December 31,
2026 2025 2025
ASSETS (Unaudited) (Unaudited)
CURRENT ASSETS:
Cash $105,037 $87,201 $72,031
Accounts receivable, less allowances for discounts and expected credit losses of 307,149 296,229 232,020
$10,395 for 2026 and $7,777 and $10,043 for June and December 2025, respectively
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 187,836 187,333 188,562
and $287,624 and $300,283 for June and December 2025, respectively
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 47,872 47,872 47,872
23,936,036 shares)
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 (62,794) (76,303) (70,483)
in June and December 2025, respectively)
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 IEEPA Adjusted GAAP Net IEEPA Adjusted
Sales Tariff Net Sales Sales Tariff Net Sales
Adjustment Adjustment
Vehicle Control
Engine Management (Ignition, $125,944 $121,420
Emissions and Fuel Delivery)
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 IEEPA Adjusted GAAP Net IEEPA Adjusted
Sales Tariff Net Sales Sales Tariff Net Sales
Adjustment Adjustment
Vehicle Control
Engine Management (Ignition, $388,519 $368,019
Emissions and Fuel Delivery)
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 $1.54 $1.36 $3.76 $3.45
Operations
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 Temperature Nissens Engineered Corporate Consolidated
Control Control Automotive Solutions Unallocated
Expenses
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 (18,472) (18,472)
Income Taxes
Provision for Income Taxes 6,160 4,958 1,456 1,485 (2,063) $11,996
GAAP Earnings (Loss) from Continuing 22,732 19,303 5,016 3,966 (6,177) 44,840
Operations Before Taxes
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 Temperature Nissens Engineered Corporate Consolidated
Control Control Automotive Solutions Unallocated
Expenses
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 (34,172) (34,172)
Income Taxes
Provision for Income Taxes 3,520 7,087 1,120 1,370 (1,119) 11,978
GAAP Earnings (Loss) from Continuing 14,253 27,123 5,540 4,239 (9,179) 41,976
Operations Before Taxes
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 Temperature Nissens Engineered Corporate Consolidated
Control Control Automotive Solutions Unallocated
Expenses
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 (21,050) (21,050)
Income Taxes
Provision for Income Taxes 13,751 14,448 4,758 3,390 (5,487) $30,860
GAAP Earnings (Loss) from Continuing 51,097 55,704 16,418 10,693 (19,700) 114,212
Operations Before Taxes
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 Temperature Nissens Engineered Corporate Consolidated
Control Control Automotive Solutions Unallocated
Expenses
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 (36,369) (36,369)
Income Taxes
Provision for Income Taxes 11,430 14,361 2,088 3,508 (4,520) 26,867
GAAP Earnings (Loss) from Continuing 46,748 54,673 8,042 11,658 (23,780) 97,341
Operations Before Taxes
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.
