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, Feb. 26, 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 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.
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.
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.
NissensNissens 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 SolutionsEngineered 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. We believe the segment has seen demand stabilize and should experience more stable quarterly performance moving into 2026.
Profitability & Balance SheetAdjusted 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 GuidanceOur 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.
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.
DividendsThe 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 RemarksIn 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 CallStandard 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).
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.
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
Standard Motor Products, Inc.
Segment Revenues
Three Months Ended December 31,
Twelve Months EndedDecember 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
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
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
