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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): April 30, 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 April 30, 2026, Standard Motor Products, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2026. 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 (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 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 April 30, 2026 announcing Standard Motor Products, Inc.’s financial results for the three months ended March 31, 2026.
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: April 30, 2026
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Exhibit Index
Exhibit No. Description
Press release dated April 30, 2026 announcing Standard Motor Products, Inc.’s financial results for the three months ended March 31, 2026.
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-33126.htm EX-99.1 Document


Exhibit 99.1
logo021a.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
First Quarter 2026 Results and Quarterly Dividend
•Strong first quarter net sales of $451.2 million up, 9.1% from last year, with increases in all segments

•Adjusted Q1 non-GAAP diluted earnings per share of $0.82 and adjusted EBITDA of $44.5 million vs.$0.81 and $42.8 million last year, respectively

•Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%

New York, NY, April 30, 2026......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2026.

Net sales for the first quarter of 2026 were $451.2 million, compared to consolidated net sales of $413.4 million during the same quarter in 2025. Earnings from continuing operations for the first quarter of 2026 were $18.3 million or $0.81 per diluted share, compared to earnings of $13.7 million or $0.61 per diluted share in the first quarter of 2025. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2026 were $18.6 million or $0.82 per diluted share, compared to $18.0 million or $0.81 per diluted share in the first quarter of 2025.
1




Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer stated, “We are quite pleased with our performance in the first quarter. Sales for the quarter increased 9.1%, with all segments performing well, reflecting a continuation of the steady customer demand experienced throughout last year.
First Quarter Highlights:
North American Aftermarket Segments
•Vehicle Control sales increased 11.2% in the first quarter, largely on the strength of customer pipeline orders as they expand assortments to capture DIFM share. We continue to experience favorable demand, as evidenced by strong customer POS and reflective of the non-discretionary nature of our products. We also saw a nominal lift from pass-through tariff pricing.

•Temperature Control sales increased a modest 0.7%, against last year’s record first quarter, when sales were up 24%. As we enter our second quarter, we still have preseason orders left to ship as customers prepare for the upcoming summer selling season. While we are off to a strong start, including favorable customer POS, ultimately this seasonal business will be determined by the strength of the summer months.

Nissens
Nissens sales increased 12.4% to $74.4 million, driven by a stronger currency conversion. Our sales grew 2.7% in local currency against a difficult comparison. 2025 was marked by robust first half customer orders, while this year has returned to a more normal cadence. As we are now into our second year of ownership, we begin to look towards growth related to recently launched product categories and remain excited about the multitude of opportunities ahead.
2




Engineered Solutions
Sales in the Engineered Solutions segment showed solid growth of 12.6% over last year’s soft first quarter as demand continues to recover. Sales growth was aided by recovery in commercial vehicle and power sports end-markets, driven by ordering patterns with certain customers.

Profitability & Balance Sheet
Adjusted EBITDA for the quarter increased to $44.5 million, up from $42.8 million last year, driven by solid performance across our North American Aftermarket segments. Nissens EBITDA was negatively impacted by currency transaction losses on sourcing this quarter, and Engineered Solutions experienced temporary unfavorable manufacturing variances as well as certain inflationary headwinds.

From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $599.4 million, primarily reflecting an increase over year-end due to seasonal working capital build as sales ramp-up each year during the first quarter. Importantly, our inventory declined slightly in the quarter as we were well prepared for sales orders coming into the year. Our net debt leverage increased modestly to 3.0x due to seasonal working capital build, and we continue to target 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 an ongoing recovery in Engineered Solutions, offset by a lapping of both tariff pricing and the benefits of stronger currency conversion.
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Further, we expect Adjusted EBITDA will be in a range of 11% -12%, aided by initiatives we have underway to drive ongoing profitability gains, partially offset by margin compression attributable to passing through tariffs at cost, which began in the second half of 2025. Note that our guidance excludes the impact of ongoing changes in the tariff landscape, or any significant inflationary impact from the conflict in the Middle East. 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 June 1, 2026, to stockholders of record on May 15, 2026.

Closing Remarks
In closing, Mr. Sills commented, “We are off to a strong start to 2026 and are encouraged by the overall trends across our segments. While the near-term macroeconomic and tariff-related volatility persists, we continue to find ways to perform well in a challenging environment, and leverage our market leadership and the nondiscretionary nature of our products. We are excited about our global opportunities to drive growth and profitability and look forward to another year to deliver value to all our shareholders. I would like to thank our employees for their hard work and commitment to our continued success.”

Conference Call
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Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, April 30, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'26 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-267-6316 (domestic) or 203-518-9783 (international). The conference call ID code is SMP1Q2026. 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 800-934-8340 (domestic) or 402-220-6993 (international).

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.


5

Standard Motor Products, Inc.
Consolidated Statements of Operations

 Three Months Ended
March 31,
(In thousands, except share and per share data, unaudited) 2026 2025
Net sales
 $ 451,166  $ 413,379 
Cost of sales
 311,993  288,657 
Gross profit 139,173  124,722 
Selling, general and administrative expenses
 104,837  99,845 
Restructuring expenses
366  673 
Other income, net 123  258 
Operating income 34,093  24,462 
Other non-operating income (loss), net (1,279) 2,248 
Interest expense
 7,518  7,761 
Earnings from continuing operations before income taxes
 25,296  18,949 
Provision for income taxes
 6,826  5,069 
Earnings from continuing operations 18,470  13,880 
Loss from discontinued operations, net of income taxes (1,185) (1,139)
Net earnings 17,285  12,741 
Net earnings attributable to noncontrolling interest 149  175 
Net earnings attributable to SMP $ 17,136  $ 12,566 

Net earnings (loss) attributable to SMP
Continuing operations
 $ 18,321  $ 13,705 
Discontinued operations
 (1,185) (1,139)
Net earnings attributable to SMP per common share $ 17,136  $ 12,566 

Per common share data
Basic:
Continuing operations
 $ 0.83  $ 0.63 
Discontinued operations
 (0.06) (0.06)
Net earnings attributable to SMP per common share $ 0.77  $ 0.57 

Diluted:
Continuing operations
 $ 0.81  $ 0.61 
Discontinued operations
 (0.06) (0.05)
Net earnings attributable to SMP per common share $ 0.75  $ 0.56 

Dividend declared per common share
 $ 0.33  $ 0.31 

Weighted average number of common shares, basic
 22,167,006 21,886,810
Weighted average number of common shares, diluted
22,719,732 22,319,868
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Standard Motor Products, Inc.
Segment Revenues
Three Months Ended
March 31,
(in thousands, unaudited) 2026 2025
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery) $ 141,087  $ 118,366 
Electrical and Safety 57,866  58,319 
Wire Sets and Other 14,886  15,657 
Total Vehicle Control 213,839  192,342 

Temperature Control

AC System Components 65,198  67,191 
Other Thermal Components 24,306  21,692 
Total Temperature Control 89,504  88,883 

Nissens Automotive
Air Conditioning 26,273  27,166 
Engine Cooling 31,451  27,773 
Engine Efficiency 16,643  11,243 
Total Nissens Automotive 74,367  66,182 
Engineered Solutions

Light Vehicle 22,920  21,404 
Commercial Vehicle 22,908  18,605 
Construction/Agriculture 9,504  9,408 
All Other 18,980  16,555 
Total Engineered Solutions 74,312  65,972 
Intersegment sales (856) — 
Total
 $ 451,166  $ 413,379 

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.
Standard Motor Products, Inc.
Segment Operating Profit
Three Months Ended
March 31,
(in thousands, unaudited; percentage of net sales) 2026 2025
Gross Margin
Vehicle Control $ 68,165  31.9  % $ 62,161  32.3  %
Temperature Control 28,652  32.0  % 27,598  31.0  %
Nissens Automotive 32,071  43.1  % 27,838  42.1  %
Engineered Solutions 10,285 13.8  % 11,709  17.7  %
All Other —  — 
        Subtotal $ 139,173  30.8  % $ 129,306  31.3  %
Acquisition Expenses —  —  % (4,584) -1.1  %
        Gross Margin $ 139,173  30.8  % $ 124,722  30.2  %
Selling, General & Administrative
Vehicle Control $ 47,962  22.4  % $ 43,835  22.8  %
Temperature Control 18,058  20.2  % 19,823  22.3  %
Nissens Automotive 24,200  32.5  % 20,254  30.6  %
Engineered Solutions 8,556  11.5  % 8,514  12.9  %
All Other 6,059  6,856 
        Subtotal $ 104,835  23.2  % $ 99,282  24.0  %
Acquisition Expenses 2  —  % 563  0.1  %
        Selling, General & Administrative $ 104,837  23.2  % $ 99,845  24.2  %
Operating Income
Vehicle Control $ 20,203  9.4  % $ 18,326  9.5  %
Temperature Control 10,594  11.8  % 7,775  8.7  %
Nissens Automotive 7,871  10.6  % 7,584  11.5  %
Engineered Solutions 1,729 2.3  % 3,195  4.8  %
All Other (6,059) (6,856)
        Subtotal $ 34,338  7.6  % $ 30,024  7.3  %
Restructuring (366) -0.1  % (673) -0.2  %
Acquisition & Integration Expenses (2) —  % (5,147) -1.2  %
Other Income, Net 123  —  % 258  0.1  %
        Operating Income $ 34,093  7.6  % $ 24,462  5.9  %
8

Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited) Three Months Ended
March 31,
2026 2025
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations $ 18,321  $ 13,705 
Restructuring Expenses 366  673 
Acquisition & Integration Expenses 2  5,147 
Income Tax Effect Related To Reconciling Items (96) (1,513)
Non-GAAP Earnings from Continuing Operations $ 18,593  $ 18,012 
Diluted Earnings Per Share from Continuing Operations Attributable to SMP
GAAP Diluted Earnings Per Share from Continuing Operations $ 0.81  $ 0.61 
Restructuring Expenses 0.01  0.03 
Acquisition & Integration Expenses —  0.23 
Income Tax Effect Related To Reconciling Items —  (0.06)
Non-GAAP Diluted Earnings Per Share from Continuing Operations $ 0.82  $ 0.81 
Operating Income
GAAP Operating Income $ 34,093  $ 24,462 
Restructuring Expenses 366  673 
Acquisition & Integration Expenses 2  5,147  Last Twelve Months Ended
Other Income, Net (123) (258) March 31, Year Ended
Non-GAAP Operating Income $ 34,338  $ 30,024  2026 2025 December 31, 2025
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 25,296  $ 18,949  $ 116,870  $ 79,567  $ 110,523 
Depreciation and Amortization 11,315  10,267  44,896  34,379  43,848 
Interest Expense 7,518  7,761  31,096  19,206  31,339 
     EBITDA 44,129  36,977  192,862  133,152  185,710 
Restructuring Expenses 366  673  2,273  8,149  2,580 
Acquisition & Integration Expenses 2  5,147  3,438  18,623  8,583 
Customer Program Wind Down —  —  4,067  —  4,067 
Special Items 368  5,820  9,778  26,772  15,230 
EBITDA without Special Items $ 44,497  $ 42,797  $ 202,640  $ 159,924  $ 200,940 
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.
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Three Months Ended March 31, 2026
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 19,613 $ 10,843 $ 7,873 $ 1,822 $ (6,058) $ 34,093
Restructuring Expenses 272 70 — 24 —  366
Acquisition & Integration Expenses — — 2 — —  2
Other (Income) Expense, Net 319 (320) (5) (117) —  (123)
Non-GAAP Operating Income $ 20,204 $ 10,593 $ 7,870 $ 1,729 $ (6,058) $ 34,338
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 17,877 $ 10,393 $ 1,361 $ 1,937 $ (6,272) $ 25,296
Depreciation and Amortization 4,297 808 3,266 2,594 350  11,315
Interest Expense 1,864 738 4,647 567 (298) 7,518
EBITDA 24,038 11,939 9,274 5,098 (6,220) 44,129
Restructuring Expenses 272 70 — 24 —  366
Acquisition & Integration Expenses — — 2 — —  2
Special Items 272 70 2 24 —  368
EBITDA without Special Items $ 24,310 $ 12,009 $ 9,276 $ 5,122  $ (6,220) $ 44,497
% of Net Sales 11.4  % 13.4  % 12.5  % 6.9  % 9.9  %
Three Months Ended March 31, 2025
(In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated
Operating Income
GAAP Operating Income $ 17,782 $ 7,900 $ 2,587  $ 3,176 $ (6,983) $ 24,462
Restructuring Expenses 526 136 —  20 (9) 673
Acquisition & Integration Expenses — — 5,011  — 136  5,147
Other Income, Net 18 (261) (14) (1) —  (258)
Non-GAAP Operating Income $ 18,326 $ 7,775 $ 7,584  $ 3,195 $ (6,856) $ 30,024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes $ 17,046 $ 7,948 $ (2,151) $ 3,431 $ (7,325) $ 18,949
Depreciation And Amortization 3,669 778 2,987  2,500 333  10,267
Interest Expense 1,007 539 5,620  459 136  7,761
EBITDA 21,722 9,265 6,456  6,390 (6,856) 36,977
Restructuring Expenses 526 136 —  20 (9) 673
Acquisition & Integration Expenses — — 5,011  — 136  5,147
Special Items 526 136 5,011  20 127  5,820
EBITDA without Special Items $ 22,248 $ 9,401 $ 11,467  $ 6,410 $ (6,729) $ 42,797
% of Net Sales 11.6  % 10.6  % 17.3  % 9.7  % 10.4  %
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.


10


Standard Motor Products, Inc.
Consolidated Balance Sheets
(In thousands, except share and per share data)
 March 31, 2026 March 31, 2025 December 31, 2025
       ASSETS (Unaudited) (Unaudited)
CURRENT ASSETS:
Cash
 $ 59,207  $ 50,276  $ 72,031 
Accounts receivable, less allowances for discounts and expected credit losses of $10,159 for 2026 and $7,157 and $10,043 for March and December 2025, respectively 312,961  280,795  232,020 
Inventories
 726,308  658,728  727,922 
Prepaid expenses and other current assets
 21,069  26,282  18,477 
Total current assets
 1,119,545  1,016,081  1,050,450 
Property, plant and equipment, net of accumulated depreciation of $299,761 for 2026 and $279,885 and $300,283 for March and December 2025, respectively 186,442  174,636  188,562 
Operating lease right-of-use assets
 102,003  112,022  105,178 
Goodwill
 253,626  246,115  256,159 
Customer relationships intangibles, net 204,526  212,378  212,056 
Other intangibles, net
 97,303  93,087  99,102 
Deferred income taxes
 25,599  14,064  25,384 
Investments in unconsolidated affiliates
 26,685  26,013  26,310 
Other assets 32,570  31,695  32,040 
Total assets
 $ 2,048,299  $ 1,926,091  $ 1,995,241 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility $ 30,000  $ 4,350  $ 30,000 
Current portion of term loan and other debt
 19,370  18,876  21,988 
Accounts payable
 179,524  151,206  169,089 
Sundry payables and accrued expenses
 98,246  92,758  92,054 
Accrued customer returns
 63,710  66,087  49,554 
Accrued rebates
 75,924  73,050  84,494 
Payroll and commissions
 34,298  31,050  46,135 
Total current liabilities
 501,072  437,377  493,314 
Long-term debt
 609,250  627,329  566,727 
Noncurrent operating lease liabilities
 90,345  99,885  93,381 
Accrued asbestos liabilities
 109,783  29,135  112,625 
Other accrued liabilities
 30,270  79,928  30,932 
Total liabilities
 1,340,720  1,273,654  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
 101,104  99,547  99,005 
Retained earnings
 599,276  581,174  589,448 
Accumulated other comprehensive income
 11,664  (13,655) 17,857 
Treasury stock – at cost (1,690,616 shares in 2026 and 1,955,013 and 1,790,097 shares in March and December 2025, respectively) (66,589) (76,977) (70,483)
Total SMP stockholders’ equity
 693,327  637,961  683,699 
Noncontrolling interest
 14,252  14,476  14,563 
Total stockholders’ equity
 707,579  652,437  698,262 
Total liabilities and stockholders’ equity
 $ 2,048,299  $ 1,926,091  $ 1,995,241 
11

Standard Motor Products, Inc.
Consolidated Statements of Cash Flows
(In thousands, unaudited)
 Three Months Ended
March 31,

2026 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings $ 17,285  $ 12,741 
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization
 11,315  10,267 
Amortization of deferred financing cost
 278  327 
(Decrease) increase to allowance for expected credit losses (124) 1,614 
Increase to inventory reserves 901  1,843 
Equity income from joint ventures
 (669) (1,084)
Employee stock ownership plan allocation
 822  675 
Stock-based compensation
 2,989  1,550 
Increase in deferred income taxes (980) (16)
Loss on discontinued operations, net of tax
 1,185  1,139 
Change in assets and liabilities:
Increase in accounts receivable (82,541) (68,882)
Increase in inventories (1,966) (14,576)
(Increase) decrease in prepaid expenses and other current assets (104) 1,438 
Increase in accounts payable 11,419  957 
Increase (decrease) in sundry payables and accrued expenses 1,524  (3,185)
Net change in other assets and liabilities
 (3,263) (5,028)
Net cash used in operating activities (41,929) (60,220)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures (6,740) (9,132)
Other investing activities 33  2,923 
Net cash used in investing activities (6,707) (6,209)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loans (3,938) (3,853)
Net borrowings under revolving credit facilities 51,437  80,962 
Net (repayments) borrowings of other debt and lease obligations (3,531) 1,985 
Purchase of treasury stock (283) — 
Increase in overdraft balances 93  191 
Dividends paid (7,308) (6,777)
Dividends paid to noncontrolling interest (624) — 
Net cash provided by financing activities 35,846  72,508 
Effect of exchange rate changes on cash (34) (229)
Net (decrease) increase in cash (12,824) 5,850 
CASH at beginning of period 72,031  44,426 
CASH at end of period $ 59,207  $ 50,276 

12