Earnings release
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For Immediate Release SMP Standard Motor Products , Inc. For more information , contact : Anthony ( Tony ) Cristello ( 972 ) 316-8107 investors@smpcorp.com • • • Standard Motor Products , Inc. Releases Second Quarter 2026 Results and Quarterly Dividend Second quarter net sales of $ 501.6 million with adjusted net sales up 6.7 % to $ 526.7 million Second quarter diluted earnings per share of $ 1.39 with non - GAAP diluted earnings per share of $ 1.40 up 8.6 % Year - to - date 2026 operating cash flow improved $ 64.2 million ; Net debt leverage declined to 2.5x Reaffirming full - year guidance of low to mid - single digit sales growth and adjusted EBITDA margin of 11 % - 12 % New York , NY , August 4 , 2026 ...... Standard Motor Products , Inc. ( NYSE : SMP ) , a leading automotive parts manufacturer and distributor , reported today its consolidated financial results for the three and six months ended June 30 , 2026 . Consolidated net sales for the second quarter of 2026 were $ 501.6 million , compared to consolidated net sales of $ 493.9 million during the same quarter in 2025. Consolidated adjusted net sales for the second quarter of 2026 were $ 526.7 million , compared to consolidated adjusted net sales of $ 493.9 million during the same quarter in 2025. Earnings from continuing operations
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2 for the second quarter of 2026 were $31.8 million or $1.39 per diluted share, compared to earnings of $26.3 million or $1.17 per diluted share in the second quarter of 2025. Non-GAAP earnings from continuing operations for the second quarter of 2026 were $31.9 million or $1.40 per diluted share, compared to $28.9 million or $1.29 per diluted share in the second quarter of 2025. Consolidated net sales for the six months ended June 30, 2026 were $952.8 million, compared to consolidated net sales of $907.2 million during the comparable period in 2025. Consolidated adjusted net sales for the six months ended June 30, 2026 were $977.9 million, compared to consolidated adjusted net sales of $907.2 million during the comparable period in 2025. Earnings from continuing operations for the six months ended June 30, 2026 were $50.1 million or $2.20 per diluted share, compared to $40.0 million or $1.79 per diluted share in the comparable period of 2025. Non-GAAP earnings from continuing operations for the six months ended June 30, 2026 and 2025 were $50.5 million or $2.23 per diluted share and $46.9 million or $2.10 per diluted share, respectively. Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer stated, “Overall we were pleased with our second quarter. Adjusted net sales for the quarter, excluding the impact of accounting treatment for tariff refunds received in the quarter, increased 6.7% with three of our four operating segments showing strong gains, while adjusted EBITDA increased to a record-setting $63.5 million.” Second Quarter Highlights: North American Aftermarket Segments • Vehicle Control adjusted net sales decreased 1.6% in the second quarter, largely due to timing of customer orders as we come off of a very strong first quarter. Year-to-date adjusted net sales are up 4.7% for the segment. Our wire sets category was down significantly, making up the majority of the segment shortfall, reflecting a combination of slow secular decline and customers right-sizing their inventories accordingly. Customer POS for the segment continued to be positive throughout the quarter, demonstrating ongoing demand for our non- discretionary offering. We were pleased to consummate our joint venture with Techstrong in the quarter, as previously announced. This will strengthen our Vehicle Control operations by expanding our breadth of manufacturing, further diversifying our global supply chain, and creating a long- term cost-effective operation on which to build. We welcome them to the SMP family.
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3 • Temperature Control adjusted net sales increased 15.7%, as the timing of our preseason orders fell more heavily into our second quarter this year, driving strong results despite the cooler, wetter weather in May. Year-to-date adjusted net sales are up 9.6%. Ultimately this seasonal segment’s full-year performance will be determined by the length and intensity of the selling season and as we enter our third quarter weather trends appear to be favorable for sales in many of our markets, however we are up against a strong comparison in the second half of the year. Nissens Nissens adjusted net sales increased 4.8% to $94.9 million, driven by a combination of 2.3% sales growth in local currency as well as a stronger currency conversion. Year-to-date we are up 8.0% for the segment. We are pleased with the gains in our engine efficiency product categories, and as we head into the third quarter, record temperatures across Europe bode well for our air conditioning products. Further, we are encouraged by the early results seen in our recently launched product categories and view these products as steady contributors to growth in future years. Engineered Solutions Adjusted net sales in the Engineered Solutions segment showed strong growth of 16.8% over last year’s soft second quarter as demand continues to recover. Sales growth improvement was seen across all end-markets, and we are pleased to see the segment demand stabilize. We expect this to continue, though the comparison will get tougher in the second half of the year. Profitability & Balance Sheet Adjusted EBITDA for the quarter increased to $63.5 million, up from $59.1 million last year, driven by solid performance across our Temperature Control, Nissens and Engineered Solutions segments. Vehicle Control EBITDA was negatively impacted by increased distribution and associated expenses related to our Shawnee, Kansas distribution center transition. From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $510.2 million, down from $599.4 million at the end of the first quarter, reflecting debt paydown as we move into our seasonally stronger cash-generating quarters. Importantly, we reduced our inventory to $684.2 million from $727.9 million at December 31, 2025. Our net debt leverage decreased to 2.5x from 3.0x in the first quarter of 2026, and we continue to target reducing net debt levels to 2.0x adjusted EBITDA by the end of 2026.
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4 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. Further, we reaffirm our expectation that adjusted EBITDA will be in a range of 11% -12%. Note that our guidance excludes the impact of ongoing changes in the tariff landscape, any significant inflationary impact from the conflict in the Middle East, or increase in interest rates impacting our customers’ supply chain financing programs. 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 September 1, 2026 to stockholders of record on August 14, 2026. Closing Remarks In closing, Mr. Sills commented, “As we head into the second half of the year, we are encouraged by the performance across all our segments. The resiliency of the aftermarket in both North America and Europe remains intact, evidenced by strong demand for our non- discretionary products, and we are pleased with the ongoing momentum in our Engineered Solutions business. 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 Tuesday, August 4, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q2'26 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-445-7795 (domestic) or 785-424-1699 (international). The conference call ID code is SMP2Q2026. 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 800-723- 0389 (domestic) or 402-220-2647 (international).
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5 Forward-Looking Statements 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.
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6 Use and Definition of Non-GAAP Measures We report our financial results in accordance with accounting principles generally accepted in the United States (“GAAP”). We supplement the reporting of our financial information determined under GAAP with certain non-GAAP financial information. The non-GAAP information presented provides investors with additional useful information but should not be considered in isolation or as substitutes for the related GAAP measures. We believe that these non-GAAP measures provide investors with additional insight into the Company’s ongoing business performance and balance sheet health. Other companies may define non-GAAP measures differently, which limits the usefulness of these measures for comparisons with such other companies. We encourage investors to review our financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure. When we provide our expectations for adjusted EBITDA, adjusted EBITDA margin and net debt leverage, a reconciliation of this non-GAAP financial measure to the corresponding GAAP measures is not available without unreasonable effort due to potentially high variability and low visibility as to the items that would be excluded from the GAAP measure in the relevant future period. A reconciliation of the non-GAAP measures to the corresponding amounts prepared in accordance with GAAP appears in the tables in this Appendix. Below are our non-GAAP financial measures:
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7 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 acquisition & integration expenses and expenses related to customer program wind down. 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.
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8 Standard Motor Products, Inc. Consolidated Statements of Operations Three Months Ended June 30, Six Months Ended June 30, (In thousands, except share and per share data, unaudited) 2026 2025 2026 2025 Net sales $ 501,599 $ 493,853 $ 952,765 $ 907,232 Cost of sales 336,980 342,964 648,973 631,621 Gross profit 164,619 150,889 303,792 275,611 Selling, general and administrative expenses 113,523 107,520 218,360 207,365 Restructuring expenses 248 582 614 1,255 Other income (expense), net (4) 49 119 307 Operating income 50,844 42,836 84,937 67,298 Other non-operating income (loss), net 793 1,875 (486) 4,123 Interest expense 7,560 8,295 15,078 16,056 Earnings from continuing operations before income taxes 44,077 36,416 69,373 55,365 Provision for income taxes 12,040 9,821 18,866 14,890 Earnings from continuing operations 32,037 26,595 50,507 40,475 Loss from discontinued operations, net of income taxes (1,393) (1,058) (2,578) (2,197) Net earnings 30,644 25,537 47,929 38,278 Net earnings attributable to noncontrolling interest 276 295 425 470 Net earnings attributable to SMP $ 30,368 $ 25,242 $ 47,504 $ 37,808 Net earnings (loss) attributable to SMP Continuing operations $ 31,761 $ 26,300 $ 50,082 $ 40,005 Discontinued operations (1,393) (1,058) (2,578) (2,197) Net earnings attributable to SMP $ 30,368 $ 25,242 $ 47,504 $ 37,808 Per common share data Basic: Continuing operations $ 1.42 $ 1.20 $ 2.25 $ 1.82 Discontinued operations (0.06) (0.05) (0.11) (0.10) Net earnings attributable to SMP per common share $ 1.36 $ 1.15 $ 2.14 $ 1.72 Diluted: Continuing operations $ 1.39 $ 1.17 $ 2.20 $ 1.79 Discontinued operations (0.06) (0.04) (0.12) (0.10) Net earnings attributable to SMP per common share $ 1.33 $ 1.13 $ 2.08 $ 1.69 Dividend declared per common share $ 0.33 $ 0.31 $ 0.66 $ 0.62 Weighted average number of common shares, basic 22,291,768 21,984,492 22,229,731 21,935,921 Weighted average number of common shares, diluted 22,864,089 22,423,208 22,806,413 22,359,693
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9 Standard Motor Products, Inc. Consolidated Balance Sheets (In thousands, except share and per share data) June 30, 2026 June 30, 2025 December 31, 2025 ASSETS (Unaudited) (Unaudited) CURRENT ASSETS: Cash $ 78,629 $ 58,792 $ 72,031 Accounts receivable, less allowances for discounts and expected credit losses of $10,539 for 2026 and $7,777 and $10,043 for June and December 2025, respectively 358,378 327,270 232,020 Inventories 684,166 657,161 727,922 Prepaid expenses and other current assets 21,087 21,841 18,477 Total current assets 1,142,260 1,065,064 1,050,450 Property, plant and equipment, net of accumulated depreciation of $304,925 for 2026 and $287,624 and $300,283 for June and December 2025, respectively 187,003 183,508 188,562 Operating lease right-of-use assets 97,857 111,731 105,178 Goodwill 252,603 256,266 256,159 Customer relationships intangibles, net 198,889 221,024 212,056 Other intangibles, net 96,083 99,326 99,102 Deferred income taxes 24,034 15,545 25,384 Investments in unconsolidated affiliates 27,315 23,495 26,310 Other assets 34,626 31,389 32,040 Total assets $ 2,060,670 $ 2,007,348 $ 1,995,241 LIABILITIES AND STOCKHOLDERS’ EQUITY CURRENT LIABILITIES: Current portion of revolving credit facility $ 34,579 $ 10,000 $ 30,000 Current portion of term loan and other debt 20,048 20,818 21,988 Accounts payable 182,298 171,356 169,089 Sundry payables and accrued expenses 103,791 100,187 92,054 Accrued customer returns 74,931 75,207 49,554 Accrued rebates 115,712 76,274 84,494 Payroll and commissions 38,797 38,573 46,135 Total current liabilities 570,156 492,415 493,314 Long-term debt 534,200 605,811 566,727 Noncurrent operating lease liabilities 87,248 99,770 93,381 Accrued asbestos liabilities 104,285 30,527 112,625 Other accrued liabilities 32,448 75,366 30,932 Total liabilities 1,328,337 1,303,889 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 100,965 101,036 99,005 Retained earnings 622,284 599,601 589,448 Accumulated other comprehensive income 9,569 16,825 17,857 Treasury stock – at cost (1,598,589 shares in 2026 and 1,948,363 and 1,790,097 shares in June and December 2025, respectively) (62,965) (76,715) (70,483) Total SMP stockholders’ equity 717,725 688,619 683,699 Noncontrolling interest 14,608 14,840 14,563 Total stockholders’ equity 732,333 703,459 698,262 Total liabilities and stockholders’ equity $ 2,060,670 $ 2,007,348 $ 1,995,241
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10 Standard Motor Products, Inc. Consolidated Statements of Cash Flows (In thousands, unaudited) Six Months Ended June 30, 2026 2025 CASH FLOWS FROM OPERA TING ACTIVITIES: Net earnings $ 47,929 $ 38,278 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Depreciation and amortization 22,915 21,192 Amortization of deferred financing cost 549 637 Increase to allowance for expected credit losses 113 2,041 Increase to inventory reserves 2,164 3,907 Equity income from joint ventures (1,809) (2,139) Employee stock ownership plan allocation 1,644 1,350 Stock-based compensation 6,474 3,301 Decrease in deferred income taxes 421 504 Loss on discontinued operations, net of tax 2,578 2,197 Change in assets and liabilities: Increase in accounts receivable (129,028) (108,180) Decrease (increase) in inventories 37,755 (3,217) (Increase) decrease in prepaid expenses and other current assets (493) 5,816 Increase in accounts payable 13,385 17,068 Increase in sundry payables and accrued expenses 62,616 15,863 Net change in other assets and liabilities (8,947) (4,521) Net cash provided by (used in) operating activities 58,266 (5,903) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures (14,949) (19,295) Other investing activities 420 2,972 Net cash used in investing activities (14,529) (16,323) CASH FLOWS FROM FINANCING ACTIVITIES: Repayments of term loans (8,142) (7,821) Net (repayments) borrowings under revolving credit facilities (11,278) 52,668 Net (repayments) borrowings of other debt and lease obligations (4,623) 1,021 Purchase of treasury stock (283) — Increase in overdraft balances 163 348 Dividends paid (14,668) (13,592) Dividends paid to noncontrolling interest (624) — Net cash (used in) provided by financing activities (39,455) 32,624 Effect of exchange rate changes on cash 2,316 3,968 Net increase in cash 6,598 14,366 CASH at beginning of period 72,031 44,426 CASH at end of period $ 78,629 $ 58,792
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11 Standard Motor Products, Inc. Reconciliation of GAAP to Adjusted Net Sales by Segment Three Months Ended June 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) $ 121,488 $ 128,233 Electrical and Safety 47,573 56,828 Wire Sets and Other 13,851 16,638 Total V ehicle Control 182,912 15,651 198,563 201,699 — 201,699 Temperature Control AC System Components 119,294 104,777 Other Thermal Components 25,454 26,588 Total Temperature Control 144,748 7,227 151,975 131,365 — 131,365 Nissens Automotive Air Conditioning 39,329 40,441 Engine Cooling 36,271 35,082 Engine Efficiency 19,075 15,014 Total Nissens Automotive 94,675 239 94,914 90,537 — 90,537 Engineered Solutions Light V ehicle 24,675 21,780 Commercial V ehicle 21,537 21,836 Construction/Agriculture 11,016 9,584 All Other 22,814 17,052 Total Engineered Solutions 80,042 2,006 82,048 70,252 — 70,252 Intersegment sales (778) — (778) — — — Total $ 501,599 $ 25,123 $ 526,722 $ 493,853 $ — $ 493,853
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12 Standard Motor Products, Inc. Reconciliation of GAAP to Adjusted Net Sales by Segment Six Months Ended June 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) $ 262,575 $ 246,599 Electrical and Safety 105,439 115,147 Wire Sets and Other 28,737 32,295 Total V ehicle Control 396,751 15,651 412,402 394,041 — 394,041 Temperature Control AC System Components 184,492 171,968 Other Thermal Components 49,760 48,280 Total Temperature Control 234,252 7,227 241,479 220,248 — 220,248 Nissens Automotive Air Conditioning 65,602 67,607 Engine Cooling 67,722 62,855 Engine Efficiency 35,718 26,257 Total Nissens Automotive 169,042 239 169,281 156,719 — 156,719 Engineered Solutions Light V ehicle 47,595 43,184 Commercial V ehicle 44,445 40,441 Construction/Agriculture 20,520 18,992 All Other 41,794 33,607 Total Engineered Solutions 154,354 2,006 156,360 136,224 — 136,224 Intersegment sales (1,634) — (1,634) — — — Total $ 952,765 $ 25,123 $ 977,888 $ 907,232 $ — $ 907,232
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13 Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures Three Months Ended Six Months Ended June 30, June 30, (Unaudited) 2026 2025 2026 2025 Diluted Earnings Per Share from Continuing Operations Attributable to SMP GAAP Diluted Earnings Per Share from Continuing Operations $ 1.39 $ 1.17 $ 2.20 $ 1.79 Restructuring Expenses 0.01 0.03 0.03 0.06 Acquisition & Integration Expenses — 0.13 — 0.36 Income Tax Effect Related To Reconciling Items — (0.04) — (0.11) Non-GAAP Diluted Earnings Per Share from Continuing Operations $ 1.40 $ 1.29 $ 2.23 $ 2.10 Last Twelve Months Ended Y ear Ended June 30, December 31, (In thousands, except for net debt leverage ratio) 2026 2025 2025 Net Debt Unaudited Audited Current portion of revolving credit facility $ 34,579 $ 10,000 $ 30,000 Current portion of term loan and other debt 20,048 20,818 21,988 Long-term debt 534,200 605,811 566,727 Total debt 588,827 636,629 618,715 Less: Cash 78,629 $ 58,792 72,031 Net debt 510,198 577,837 546,684 EBITDA without Special Items GAAP Net Earnings (Loss) $ 51,859 $ 40,357 $ 42,208 Loss from Discontinued Operations, Net of Income Taxes (38,079) (26,369) (37,698) Provision for Income Taxes 34,593 24,824 30,617 GAAP Earnings from Continuing Operations Before Taxes 124,531 91,550 110,523 Depreciation and Amortization 45,571 37,986 43,848 Interest Expense 30,361 24,749 31,339 EBITDA 200,463 154,285 185,710 Restructuring Expenses 1,939 6,172 2,580 Acquisition & Integration Expenses 538 19,112 8,583 Customer Program Wind Down 4,067 — 4,067 Special Items 6,544 25,284 15,230 EBITDA without Special Items $ 207,007 $ 179,569 $ 200,940 Net debt leverage ratio 2.5 3.2 2.7
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14 Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments Three Months Ended June 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) $ 7,802 $ 19,288 $ 7,351 $ 3,437 $ (7,234) $ 30,644 Loss from Discontinued Operations, Net of Income Taxes — — — — (1,393) (1,393) Provision for Income Taxes 2,687 6,720 2,690 1,353 (1,410) $ 12,040 GAAP Earnings (Loss) from Continuing Operations Before Taxes 10,489 26,008 10,041 4,790 (7,251) 44,077 Depreciation and Amortization 4,450 887 3,311 2,600 352 11,600 Interest Expense 1,848 747 4,729 549 (313) 7,560 EBITDA 16,787 27,642 18,081 7,939 (7,212) 63,237 Restructuring Expenses 238 2 — 8 — 248 Acquisition & Integration Expenses — — — — — — Special Items 238 2 — 8 — 248 EBITDA without Special Items $ 17,025 $ 27,644 $ 18,081 $ 7,947 $ (7,212) $ 63,485 % of GAAP Net Sales 9.3 % 19.1 % 19.1 % 9.9 % 12.7 % % of Non-GAAP Net Sales 8.6 % 18.2 % 19.0 % 9.7 % 12.1 % Three Months Ended June 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) $ 11,578 $ 14,464 $ 3,352 $ 2,813 $ (6,670) $ 25,537 Loss from Discontinued Operations, Net of Income Taxes — — — — (1,058) (1,058) Provision for Income Taxes 3,871 5,138 1,301 1,175 (1,664) 9,821 GAAP Earnings (Loss) from Continuing Operations Before Taxes 15,449 19,602 4,653 3,988 (7,276) 36,416 Depreciation and Amortization 4,070 784 3,325 2,427 319 10,925 Interest Expense 1,546 762 5,513 543 (69) 8,295 EBITDA 21,065 21,148 13,491 6,958 (7,026) 55,636 Restructuring Expenses 479 53 — 39 11 582 Acquisition & Integration Expenses — — 2,822 — 78 2,900 Special Items 479 53 2,822 39 89 3,482 EBITDA without Special Items $ 21,544 $ 21,201 $ 16,313 $ 6,997 $ (6,937) $ 59,118 % of GAAP Net Sales 10.7 % 16.1 % 18.0 % 10.0 % 12.0 % % of Non-GAAP Net Sales 10.7 % 16.1 % 18.0 % 10.0 % 12.0 %
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15 Standard Motor Products, Inc. Reconciliation of GAAP and Non-GAAP Earnings Measures by Segments Six Months Ended June 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) $ 20,775 $ 26,911 $ 8,099 $ 4,822 $ (12,678) $ 47,929 Loss from Discontinued Operations, Net of Income Taxes — — — — (2,578) (2,578) Provision for Income Taxes 7,591 9,490 3,303 1,905 (3,423) $ 18,866 GAAP Earnings (Loss) from Continuing Operations Before Taxes 28,366 36,401 11,402 6,727 (13,523) 69,373 Depreciation and Amortization 8,747 1,695 6,577 5,194 702 22,915 Interest Expense 3,712 1,485 9,376 1,116 (611) 15,078 EBITDA 40,825 39,581 27,355 13,037 (13,432) 107,366 Restructuring Expenses 510 72 — 32 — 614 Acquisition & Integration Expenses — — 2 — — 2 Special Items 510 72 2 32 — 616 EBITDA without Special Items $ 41,335 $ 39,653 $ 27,357 $ 13,069 $ (13,432) $ 107,982 % of GAAP Net Sales 10.4 % 16.9 % 16.2 % 8.5 % 11.3 % % of Non-GAAP Net Sales 10.0 % 16.4 % 16.2 % 8.4 % 11.0 % Six Months Ended June 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) $ 24,585 $ 20,276 $ 1,534 $ 5,281 $ (13,398) $ 38,278 Loss from Discontinued Operations, Net of Income Taxes — — — — (2,197) (2,197) Provision for Income Taxes 7,910 7,274 968 2,138 (3,400) 14,890 GAAP Earnings (Loss) from Continuing Operations Before Taxes 32,495 27,550 2,502 7,419 (14,601) 55,365 Depreciation and Amortization 7,739 1,562 6,312 4,927 652 21,192 Interest Expense 2,553 1,301 11,133 1,002 67 16,056 EBITDA 42,787 30,413 19,947 13,348 (13,882) 92,613 Restructuring Expenses 1,005 189 — 59 2 1,255 Acquisition & Integration Expenses — — 7,833 — 214 8,047 Special Items $ 1,005 $ 189 $ 7,833 $ 59 $ 216 $ 9,302 EBITDA without Special Items $ 43,792 $ 30,602 $ 27,780 $ 13,407 $ (13,666) $ 101,915 % of GAAP Net Sales 11.1 % 13.9 % 17.7 % 9.8 % 11.2 % % of Non-GAAP Net Sales 11.1 % 13.9 % 17.7 % 9.8 % 11.2 %
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16 Standard Motor Products, Inc. Reconciliation of Income Statement Measures by Segment Three Months Ended June 30, 2026 Three Months Ended June 30, 2025 (In thousands, unaudited) Vehicle Control Temperatur e Control Nissens Automotive Engineered Solutions Unallocated Corporate Expenses Consolidate d Vehicle Control Temperatur e Control Nissens Automotive Engineered Solutions Unallocated Corporate Expenses Consolidate d GAAP Gross Profit $ 60,396 $ 50,048 $ 40,213 $ 13,962 $ — $ 164,619 $ 60,648 $ 42,363 $ 35,189 $ 12,689 $ — $ 150,889 Acquisition & Integration Expenses — — — — — — — — 1,626 — — 1,626 Non-GAAP Gross Profit $ 60,396 $ 50,048 $ 40,213 $ 13,962 $ — $ 164,619 $ 60,648 $ 42,363 $ 36,815 $ 12,689 $ — $ 152,515 GAAP Gross Profit - % of GAAP Net Sales 33.0 % 34.6 % 42.5 % 17.4 % 32.8 % 30.1 % 32.2 % 38.9 % 18.1 % 30.6 % Non-GAAP Gross Profit - % of Non- GAAP Net Sales 30.4 % 32.9 % 42.4 % 17.0 % 31.3 % 30.1 % 32.2 % 40.7 % 18.1 % 30.9 % GAAP Selling, General and Administrative Expenses $ 47,934 $ 24,161 $ 24,386 $ 9,104 $ 7,938 $ 113,523 $ 43,564 $ 22,840 $ 25,181 $ 8,718 $ 7,217 $ 107,520 Acquisition & Integration Expenses — — — — — — — — (1,196) — (78) (1,274) Non-GAAP Selling, General and Administrative Expenses $ 47,934 $ 24,161 $ 24,386 $ 9,104 $ 7,938 $ 113,523 $ 43,564 $ 22,840 $ 23,985 $ 8,718 $ 7,139 $ 106,246 GAAP Selling, General and Administrative Expenses - % of GAAP Net Sales 26.2 % 16.7 % 25.8 % 11.4 % 22.6 % 21.6 % 17.4 % 27.8 % 12.4 % 21.8 % Non-GAAP Selling, General and Administrative Expenses - % of Non- GAAP Net Sales 24.1 % 15.9 % 25.7 % 11.1 % 21.6 % 21.6 % 17.4 % 26.5 % 12.4 % 21.5 % GAAP Operating Income (Loss) $ 12,227 $ 25,868 $ 15,827 $ 4,859 $ (7,937) $ 50,844 $ 16,540 $ 19,536 $ 10,034 $ 3,954 $ (7,228) $ 42,836 Restructuring Expenses 238 2 — 8 — 248 479 53 — 39 11 582 Acquisition & Integration Expenses — — — — — — — — 2,822 — 78 2,900 Other (Income) Expense, Net (3) 17 — (10) — 4 65 (66) (26) (22) — (49) Non-GAAP Operating Income (Loss) $ 12,462 $ 25,887 $ 15,827 $ 4,857 $ (7,937) $ 51,096 $ 17,084 $ 19,523 $ 12,830 $ 3,971 $ (7,139) $ 46,269 GAAP Operating Income (Loss) - % of GAAP Net Sales 6.7 % 17.9 % 16.7 % 6.1 % 10.1 % 8.2 % 14.9 % 11.1 % 5.6 % 8.7 % Non-GAAP Operating Income - % of Non-GAAP Net Sales 6.3 % 17.0 % 16.7 % 5.9 % 9.7 % 8.5 % 14.9 % 14.2 % 5.7 % 9.4 %
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17 Standard Motor Products, Inc. Reconciliation of Income Statement Measures by Segment Six Months Ended June 30, 2026 Six Months Ended June 30, 2025 (In thousands, unaudited) Vehicle Control Temperatur e Control Nissens Automotive Engineered Solutions Unallocated Corporate Expenses Consolidate d Vehicle Control Temperatur e Control Nissens Automotive Engineered Solutions Unallocated Corporate Expenses Consolidate d GAAP Gross Profit $ 128,561 $ 78,700 $ 72,284 $ 24,247 $ — $ 303,792 $ 122,809 $ 69,961 $ 58,443 $ 24,398 $ — $ 275,611 Acquisition & Integration Expenses — — — — — — — — 6,210 — — 6,210 Non-GAAP Gross Profit $ 128,561 $ 78,700 $ 72,284 $ 24,247 $ — $ 303,792 $ 122,809 $ 69,961 $ 64,653 $ 24,398 $ — $ 281,821 GAAP Gross Profit - % of GAAP Net Sales 32.4 % 33.6 % 42.8 % 15.7 % 31.9 % 31.2 % 31.8 % 37.3 % 17.9 % 30.4 % Non-GAAP Gross Profit - % of Non- GAAP Net Sales 31.2 % 32.6 % 42.7 % 15.5 % 31.1 % 31.2 % 31.8 % 41.3 % 17.9 % 31.1 % GAAP Selling, General and Administrative Expenses $ 95,896 $ 42,219 $ 48,584 $ 17,660 $ 13,997 $ 218,360 $ 87,399 $ 42,663 $ 45,862 $ 17,232 $ 14,209 $ 207,365 Acquisition & Integration Expenses — — 2 — — 2 — — (1,623) — (214) (1,837) Non-GAAP Selling, General and Administrative Expenses $ 95,896 $ 42,219 $ 48,586 $ 17,660 $ 13,997 $ 218,358 $ 87,399 $ 42,663 $ 44,239 $ 17,232 $ 13,995 $ 205,528 GAAP Selling, General and Administrative Expenses - % of GAAP Net Sales 24.2 % 18.0 % 28.7 % 11.4 % 22.9 % 22.2 % 19.4 % 29.3 % 12.6 % 22.9 % Non-GAAP Selling, General and Administrative Expenses - % of Non- GAAP Net Sales 23.3 % 17.5 % 28.7 % 11.3 % 22.3 % 22.2 % 19.4 % 28.2 % 12.6 % 22.7 % GAAP Operating Income (Loss) $ 31,839 $ 36,712 $ 23,701 $ 6,682 $ (13,997) $ 84,937 $ 34,322 $ 27,436 $ 12,621 $ 7,130 $ (14,211) $ 67,298 Restructuring Expenses 510 72 — 32 — 614 1,005 189 — 59 2 1,255 Acquisition & Integration Expenses — — 2 — — 2 — — 7,833 — 214 8,047 Other (Income) Expense, Net 316 (303) (5) (127) — (119) 83 (327) (40) (23) — (307) Non-GAAP Operating Income (Loss) $ 32,665 $ 36,481 $ 23,698 $ 6,587 $ (13,997) $ 85,434 $ 35,410 $ 27,298 $ 20,414 $ 7,166 $ (13,995) $ 76,293 GAAP Operating Income (Loss) - % of GAAP Net Sales 8.0 % 15.7 % 14.0 % 4.3 % 8.9 % 8.7 % 12.5 % 8.1 % 5.2 % 7.4 % Non-GAAP Operating Income - % of Non-GAAP Net Sales 7.9 % 15.1 % 14.0 % 4.2 % 8.7 % 9.0 % 12.4 % 13.0 % 5.3 % 8.4 %