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