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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 26, 2026
STANDARD MOTOR PRODUCTS, INC.
(Exact Name of Registrant as Specified in its Charter)
New York
001-04743
11-1362020
(State or Other
Jurisdiction of Incorporation)
(Commission File Number)
(I.R.S. Employee
Identification Number)
37-18 Northern Boulevard, Long Island City, New York 11101
(Address of Principal Executive Offices, including Zip Code)
Registrant’s Telephone Number, including Area Code: 718-392-0200
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).
Securities registered pursuant to Section 12(b) of the Act:
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
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company o
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o On February 26, 2026, Standard Motor Products, Inc. (the “Company”) issued a press release announcing its financial results for the three months and year ended December 31, 2025. A copy of such press release is furnished as Exhibit 99.1 hereto.


Item 2.02. Results of Operations and Financial Condition.

Such press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01. Financial Statements and Exhibits.
(d)Exhibits.
99.1
Press release dated February 26, 2026 announcing Standard Motor Products, Inc.’s financial results for the three months and year ended December 31, 2025.
104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
STANDARD MOTOR PRODUCTS, INC.
By: /s/ Nathan R. Iles
Nathan R. Iles
Chief Financial Officer
Date: February 26, 2026
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Exhibit Index
Exhibit No. Description
Press release dated February 26, 2026 announcing Standard Motor Products, Inc.’s financial results for the three months and year ended December 31, 2025.
104 Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.
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EX-99.1 2 a991pressrelease-123125.htm EX-99.1 Document


Exhibit 99.1
logo021.jpg
For Immediate Release
For more information, contact:
Anthony (Tony) Cristello
Standard Motor Products, Inc.
(972) 316-8107
investors@smpcorp.com

Standard Motor Products, Inc. Releases 2025
Fourth Quarter and Year-End Results
•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%

New York, NY, February 26, 2026......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.
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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.
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•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.

Nissens
Nissens 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 Solutions
Engineered 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.
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We believe the segment has seen demand stabilize and should experience more stable quarterly performance moving into 2026.

Profitability & Balance Sheet
Adjusted 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 Guidance
Our 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.
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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.
Dividends
The 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 Remarks
In 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).
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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.


6

Standard Motor Products, Inc.
Consolidated Statements of Operations

 Three Months Ended
December 31,		 Twelve Months Ended
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
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Standard Motor Products, Inc.
Segment Revenues
Three Months Ended December 31, Twelve Months Ended 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  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 

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.
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  %
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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.
10

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Three Months Ended December 31, 2025
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
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 Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
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) Expense, 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.
11

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Twelve Months Ended December 31, 2025
(In thousands; unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
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 Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
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 (Expense), 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.
12

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 and Discounts 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 
Investments 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 
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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 Businesses, Net of Cash Acquired —  (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 
14