Recent Updates — SMP

Standard Motor Products reported third-quarter net sales of $507.8 million, with adjusted net sales rising 2.8% to $512.9 million. Diluted earnings per share reached $1.42, up from $1.32 in the prior year period, while adjusted diluted EPS increased 13.2% to $1.54. The company reduced its net debt leverage ratio to 1.8x from 2.5x in the second quarter, surpassing its target of below 2.0x for fiscal year 2026. Additionally, the Board of Directors approved a quarterly cash dividend of $0.33 per share, payable on December 1, 2026 to shareholders of record as of November 16, 2026. Standard Motor Products is a leading manufacturer and distributor of automotive replacement parts.

Standard Motor Products announced that Chief Financial Officer Nathan R. Iles is resigning to accept a CFO role at another public company and relocate closer to his family, with an effective departure date of October 30, 2026. The Board appointed James J. Burke as Interim CFO until a permanent successor is found. Mr. Burke previously served as the Company’s CFO from 1999 to 2019 and most recently as Chief Operating Officer. The resignation was voluntary and not due to any disagreement with management. Standard Motor Products operates in the automotive aftermarket industry, manufacturing and distributing replacement parts for vehicles.

Standard Motor Products reported second quarter 2026 net sales of $501.6 million and diluted earnings per share of $1.39, with adjusted EPS rising 8.6% to $1.40. The company reaffirmed full-year guidance for low to mid-single digit sales growth and an adjusted EBITDA margin of 11%-12%. Management highlighted a record-setting adjusted EBITDA of $63.5 million and reduced net debt leverage to 2.5x. Additionally, the Board approved a quarterly cash dividend of $0.33 per share, payable September 1, 2026, to shareholders of record on August 14, 2026. Standard Motor Products is an automotive parts manufacturer and distributor.