Core Insights - Standard Motor Products (SMP) reported second-quarter 2025 adjusted earnings per share (EPS) of $1.29, exceeding the Zacks Consensus Estimate of 97 cents and increasing from 98 cents in the prior-year quarter [1] - Total revenues reached $493.9 million, up from $389.8 million in the second quarter of 2024, surpassing the Zacks Consensus Estimate of $450 million [2] - Gross profit increased to $152.5 million from $111.4 million year-over-year, while operating income rose to $46.3 million from $30 million in the prior-year quarter [2] Segmental Results - Vehicle Control segment revenues were $201.7 million, a 6.9% year-over-year increase, exceeding the estimate of $178.9 million, with operating income rising to $17.1 million from $16.1 million [3] - Temperature Control segment revenues reached $131.4 million, up from $124.5 million year-over-year, driven by early customer orders, surpassing the estimate of $120.5 million; operating income increased to $19.5 million from $13.4 million [4] - Engineered Solutions segment revenues totaled $70.3 million, down 8.2% year-over-year, missing the estimate of $80.6 million, with operating income declining to $4 million from $6.2 million [5] - Nissens Automotive segment revenues were $90.5 million, exceeding the expectation of $69.5 million, with operating income of $12.8 million, surpassing the estimate of $4.9 million [5] Financial Position - As of June 30, 2025, the company had $58.8 million in cash, up from $44.4 million at the end of 2024; long-term debt increased to $605.8 million from $535.2 million [6] - Net cash used by operating activities was $5.9 million at the end of the second quarter of 2025; SG&A expenses rose 28.1% to $107.5 million [6] Dividend and Guidance - The company declared a quarterly dividend of 31 cents per share, payable on September 2, 2025, to stockholders of record as of August 15, 2025 [7] - For 2025, SMP expects sales growth in the low-20s percent range, an increase from the previous mid-teens percent estimate, and reaffirms adjusted EBITDA guidance of 10-11% of total revenues [8]

[FORM 10-Q Filing Information](index=1&type=section&id=FORM%2010-Q) [Filing Details](index=1&type=section&id=Filing%20Details) This section provides Standard Motor Products, Inc.'s Q2 2025 Form 10-Q filing details and accelerated filer status * The report is a **Quarterly Report on Form 10-Q** for the period ended June 30, 2025[2](index=2&type=chunk) * Standard Motor Products, Inc. is classified as an **Accelerated Filer**[5](index=5&type=chunk) * As of August 1, 2025, there were **21,987,673 outstanding shares of common stock**[7](index=7&type=chunk) [PART I - FINANCIAL INFORMATION](index=3&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This item presents SMP's unaudited consolidated financial statements for Q2 and H1 2025 and 2024, with detailed notes * The section includes **Consolidated Statements of Operations, Comprehensive Income, Balance Sheets, Cash Flows, Changes in Stockholders' Equity, and Notes to Consolidated Financial Statements**[9](index=9&type=chunk) [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Consolidated Statements of Operations (Three Months Ended June 30, in thousands, except per share data) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net sales | $493,853 | $389,829 | $104,024 | 26.7% | | Gross profit | $150,889 | $111,447 | $39,442 | 35.4% | | Operating income | $42,836 | $24,986 | $17,850 | 71.4% | | Net earnings attributable to SMP | $25,242 | $17,063 | $8,179 | 47.9% | | Diluted EPS (attributable to SMP) | $1.13 | $0.77 | $0.36 | 46.8% | | Dividend declared per common share | $0.31 | $0.29 | $0.02 | 6.9% | Consolidated Statements of Operations (Six Months Ended June 30, in thousands, except per share data) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net sales | $907,232 | $721,232 | $186,000 | 25.8% | | Gross profit | $275,611 | $200,969 | $74,642 | 37.1% | | Operating income | $67,298 | $39,605 | $27,693 | 69.9% | | Net earnings attributable to SMP | $37,808 | $25,887 | $11,921 | 46.0% | | Diluted EPS (attributable to SMP) | $1.69 | $1.16 | $0.53 | 45.7% | | Dividend declared per common share | $0.62 | $0.58 | $0.04 | 6.9% | [Consolidated Statements of Comprehensive Income](index=6&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income) Consolidated Statements of Comprehensive Income (Three Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net earnings | $25,537 | $17,407 | $8,130 | 46.7% | | Foreign currency translation | $32,021 | $(3,744) | $35,765 | N/A | | Total comprehensive income attributable to SMP | $55,722 | $13,407 | $42,315 | 315.6% | Consolidated Statements of Comprehensive Income (Six Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net earnings | $38,278 | $26,397 | $11,881 | 45.0% | | Foreign currency translation | $45,000 | $(4,968) | $49,968 | N/A | | Total comprehensive income attributable to SMP | $80,465 | $22,399 | $58,066 | 259.2% | [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :-------------------------------- | :------------ | :---------------- | :--------- | :--------- | | Total current assets | $1,065,064 | $921,924 | $143,140 | 15.5% | | Total assets | $2,007,348 | $1,814,126 | $193,222 | 10.7% | | Total current liabilities | $492,415 | $436,472 | $55,943 | 12.8% | | Long-term debt | $605,811 | $535,197 | $70,614 | 13.2% | | Total liabilities | $1,303,889 | $1,184,044 | $119,845 | 10.1% | | Total stockholders' equity | $703,459 | $630,082 | $73,377 | 11.6% | * Key asset changes (June 30, 2025 vs. Dec 31, 2024): **Cash increased by $14.4 million, accounts receivable by $116.5 million, inventories by $13.7 million, goodwill by $14.8 million, and customer relationships intangibles by $10.6 million**[20](index=20&type=chunk) * Key liability changes (June 30, 2025 vs. Dec 31, 2024): **Accounts payable increased by $23.3 million and accrued customer returns by $28.7 million**[20](index=20&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows (Six Months Ended June 30, in thousands) | Cash Flow Activity | 2025 | 2024 | Change ($) | Change (%) | | :----------------- | :----- | :----- | :--------- | :--------- | | Operating Activities | $(5,903) | $(10,139) | $4,236 | 41.8% | | Investing Activities | $(16,323) | $(22,923) | $6,600 | 28.8% | | Financing Activities | $32,624 | $28,471 | $4,153 | 14.6% | | Net increase (decrease) in cash | $14,366 | $(6,370) | $20,736 | N/A | | Cash at end of period | $58,792 | $26,156 | $32,636 | 124.8% | * Operating cash flow improved due to **higher net earnings ($38.3 million in 2025 vs $26.4 million in 2024)** and changes in working capital, including a larger increase in accounts receivable and a smaller increase in sundry payables[23](index=23&type=chunk) * Financing activities provided **$32.6 million in cash**, primarily from net borrowings under revolving credit facilities ($52.7 million), partially offset by dividends paid ($13.6 million)[23](index=23&type=chunk) [Consolidated Statements of Changes in Stockholders' Equity](index=12&type=section&id=Consolidated%20Statements%20of%20Changes%20in%20Stockholders%27%20Equity) Changes in SMP Stockholders' Equity (Six Months Ended June 30, 2025, in thousands) | Item | Amount | | :-------------------------------- | :----- | | Balance December 31, 2024 | $615,745 | | Net earnings | $37,808 | | Other comprehensive income (loss), net of tax | $42,657 | | Cash dividends paid | $(13,592) | | Stock-based compensation | $3,301 | | Employee Stock Ownership Plan | $2,700 | | Balance at June 30, 2025 | $688,619 | * Accumulated other comprehensive income increased significantly from **$(25.8) million at December 31, 2024, to $16.8 million at June 30, 2025**, primarily due to foreign currency translation gains[29](index=29&type=chunk)[81](index=81&type=chunk) [Notes to Consolidated Financial Statements (Unaudited)](index=14&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements%20(Unaudited)) [Note 1. Basis of Presentation](index=14&type=section&id=Note%201.%20Basis%20of%20Presentation) Standard Motor Products, Inc. (SMP) is a leading manufacturer and distributor of automotive aftermarket parts and a custom-engineered solutions provider, operating in four global segments * SMP is a leading manufacturer and distributor of **premium replacement parts in the automotive aftermarket** and a custom-engineered solutions provider[34](index=34&type=chunk) * The company's four operating segments are **Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions**[34](index=34&type=chunk) * Nissens Automotive, acquired in Q4 2024, specializes in **air conditioning climate systems, engine cooling, and engine efficiency products**, primarily in Europe[34](index=34&type=chunk) [Note 2. Summary of Significant Accounting Policies](index=14&type=section&id=Note%202.%20Summary%20of%20Significant%20Accounting%20Policies) The financial statements are prepared under U.S. GAAP, relying on management estimates for key areas, with no material changes to critical accounting policies reported * Unaudited consolidated financial statements are prepared in accordance with **U.S. GAAP for interim financial information**[35](index=35&type=chunk) * Significant estimates include **allowances for expected credit losses, inventory valuation, valuation of long-lived assets, goodwill, and other intangible assets, and product liability exposures**[36](index=36&type=chunk) * There have been **no material changes to critical accounting policies and estimates** from the Annual Report on Form 10-K for the year ended December 31, 2024[37](index=37&type=chunk) [Recently Issued Accounting Pronouncements](index=15&type=section&id=Recently%20Issued%20Accounting%20Pronouncements) SMP is evaluating new FASB ASUs on income tax disclosures and expense disaggregation, with one not expected to have a material impact * **ASU 2023-09 (Income Taxes)** is effective for annual reporting periods beginning after December 15, 2024, expanding income tax disclosures[39](index=39&type=chunk)[47](index=47&type=chunk) * **ASU 2024-03 (Expense Disaggregation Disclosures)** is effective for annual reporting periods beginning after December 15, 2026, requiring more detailed expense disclosures[41](index=41&type=chunk)[42](index=42&type=chunk) * **ASU 2025-03 (Determining the Accounting Acquirer in VIE Acquisitions)** is effective for annual reporting periods beginning after December 15, 2026, and is not expected to have a material impact[44](index=44&type=chunk)[45](index=45&type=chunk) [Note 3. Business Combinations](index=16&type=section&id=Note%203.%20Business%20Combinations) SMP finalized the purchase price allocation for the Nissens Automotive acquisition in Q1 2025, incurring additional acquisition-related costs * SMP acquired Nissens Automotive on November 1, 2024, for **€366.8 million (approximately $397.1 million)**[49](index=49&type=chunk) * The purchase price allocation was **finalized during the quarter ended March 31, 2025**, with no adjustments to previously disclosed amounts[49](index=49&type=chunk) * Additional closing and acquisition-related costs of **$0.6 million were incurred** during the six months ended June 30, 2025[50](index=50&type=chunk) [Note 4. Restructuring Expenses](index=16&type=section&id=Note%204.%20Restructuring%20Expenses) SMP incurred restructuring expenses for its Separation Program and Cost Reduction Initiative, with total expenses to date of $7.6 million and $5.3 million, respectively * The Separation Program, initiated in Q2 2024, is expected to be substantially complete by the end of 2027, with **total restructuring expenses to date of $7.6 million**[51](index=51&type=chunk) * The Cost Reduction Initiative, initiated in Q4 2022, is expected to be substantially complete by the end of 2026, with **total restructuring expenses to date of $5.3 million**[53](index=53&type=chunk) Restructuring Activity for Six Months Ended June 30, 2025 (in thousands) | Program | Costs Provided For | Cash Payments | Exit Activity Liability at June 30, 2025 | | :---------------------- | :----------------- | :------------ | :--------------------------------------- | | Separation Program | $531 | $(3,567) | $1,740 | | Cost Reduction Initiative | $724 | $(610) | $346 | [Note 5. Sale of Receivables](index=18&type=section&id=Note%205.%20Sale%20of%20Receivables) SMP sells trade accounts receivable through supply chain financing, with $442.1 million sold in H1 2025 and related charges of $21.6 million * SMP sells trade accounts receivable to financial institutions to **reduce costs and improve cash flow**, accounting for these transactions as sales[57](index=57&type=chunk) * Receivables sold: **$257.6 million (Q2 2025) vs. $230.1 million (Q2 2024)**; **$442.1 million (H1 2025) vs. $400.9 million (H1 2024)**[58](index=58&type=chunk) * Charges related to sales: **$12.3 million (Q2 2025) vs. $13.4 million (Q2 2024)**; **$21.6 million (H1 2025) vs. $23.4 million (H1 2024)**[58](index=58&type=chunk) [Note 6. Inventories](index=18&type=section&id=Note%206.%20Inventories) Total inventories increased to $657.2 million at June 30, 2025, with finished goods comprising the largest portion Inventories (in thousands) | Category | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :---------------------- | :------------ | :---------------- | :--------- | :--------- | | Finished goods | $405,539 | $394,852 | $10,687 | 2.7% | | Work in process | $21,714 | $22,053 | $(339) | -1.5% | | Raw materials | $211,341 | $208,008 | $3,333 | 1.6% | | Subtotal | $638,594 | $624,913 | $13,681 | 2.2% | | Unreturned customer inventories | $18,567 | $16,163 | $2,404 | 14.9% | | Total inventories | $657,161 | $641,076 | $16,085 | 2.5% | [Note 7. Acquired Intangible Assets](index=18&type=section&id=Note%207.%20Acquired%20Intangible%20Assets) Net acquired intangible assets increased to $317.4 million, with amortization expense more than doubling due to recent acquisitions Acquired Intangible Assets (in thousands) | Category | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :-------------------------------- | :------------ | :---------------- | :--------- | :--------- | | Customer relationships | $322,786 | $303,547 | $19,239 | 6.3% | | Trademarks and trade names | $91,775 | $82,220 | $9,555 | 11.6% | | Total acquired intangible assets | $432,943 | $404,158 | $28,785 | 7.1% | | Less: accumulated amortization | $(115,531) | $(106,304) | $(9,227) | 8.7% | | Net acquired intangible assets | $317,412 | $297,854 | $19,558 | 6.6% | * Total amortization expense for acquired intangible assets was **$4.6 million for Q2 2025 (vs. $2.1 million in Q2 2024)** and **$9.0 million for H1 2025 (vs. $4.3 million in H1 2024)**[64](index=64&type=chunk) * Estimated future amortization expense is **$9.4 million for the remainder of 2025, $18.8 million in 2026, $18.8 million in 2027, $18.8 million in 2028, and $167.3 million for 2029 through 2041**[64](index=64&type=chunk) [Note 8. Leases](index=19&type=section&id=Note%208.%20Leases) SMP's operating lease right-of-use assets were $111.7 million, with total lease expenses of $15.8 million for the first six months of 2025 * Leases have remaining terms of **up to nine years**, with some five-year renewal options not included in current obligations[65](index=65&type=chunk) Operating Lease Information (in thousands, except years and %) | Metric | June 30, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :---------------- | | Operating lease right-of-use assets | $111,731 | $109,899 | | Noncurrent operating lease liabilities | $99,770 | $98,214 | | Total operating lease liabilities | $121,295 | $118,206 | | Weighted Average Remaining Lease Term | 7.2 Years | 7.7 Years | | Weighted Average Discount Rate | 5.1% | 5.0% | * Total lease expenses for the six months ended June 30, 2025, were **$15.8 million, up from $11.1 million in 2024**[66](index=66&type=chunk) [Note 9. Credit Facilities and Long-Term Debt](index=21&type=section&id=Note%209.%20Credit%20Facilities%20and%20Long-Term%20Debt) Total debt increased to $636.6 million, primarily under the 2024 Credit Agreement, with the weighted average interest rate decreasing to 5% Total Debt Outstanding (in thousands) | Category | June 30, 2025 | December 31, 2024 | Change ($) | Change (%) | | :---------------------- | :------------ | :---------------- | :--------- | :--------- | | Multi-currency revolver | $309,130 | $244,171 | $64,959 | 26.6% | | U.S. dollar term loan | $193,547 | $198,287 | $(4,740) | -2.4% | | Euro term loan | $113,692 | $102,908 | $10,784 | 10.5% | | Other | $20,260 | $16,948 | $3,312 | 19.5% | | Total debt | $636,629 | $562,314 | $74,315 | 13.2% | | Current maturities of debt | $30,818 | $27,117 | $3,701 | 13.6% | | Long-term debt | $605,811 | $535,197 | $70,614 | 13.2% | * The 2024 Credit Agreement provides for an approximately **$750 million credit facility**, maturing in September 2029[204](index=204&type=chunk) * The weighted average interest rate under the 2024 Credit Agreement, adjusted for interest rate swap agreements, was **5% at June 30, 2025, down from 5.6% at December 31, 2024**[71](index=71&type=chunk)[208](index=208&type=chunk) [Note 10. Accumulated Other Comprehensive Income Attributable to SMP](index=24&type=section&id=Note%2010.%20Accumulated%20Other%20Comprehensive%20Income%20Attributable%20to%20SMP) AOCI attributable to SMP significantly increased to $16.8 million, primarily driven by foreign currency translation gains from the Danish kroner * AOCI attributable to SMP increased from **$(25.8) million at December 31, 2024, to $16.8 million at June 30, 2025**[81](index=81&type=chunk) * The primary driver for the increase in AOCI was **foreign currency translation gains**, mainly reflecting the appreciation of the Danish kroner[81](index=81&type=chunk) * A net gain of **$0.8 million from accumulated other comprehensive income** is expected to be reclassified to interest expense in the next twelve months[95](index=95&type=chunk) [Note 11. Stock-Based Compensation Plans](index=27&type=section&id=Note%2011.%20Stock-Based%20Compensation%20Plans) Shareholders approved the 2025 Omnibus Incentive Plan, authorizing 1,050,000 shares, with $1.8 million in compensation expense for H1 2025 * The **2025 Omnibus Incentive Plan** was approved by shareholders in May 2025, authorizing a maximum of **1,050,000 shares** for various awards[87](index=87&type=chunk)[88](index=88&type=chunk) * For the six months ended June 30, 2025, **25,380 restricted and performance-based shares were granted**, and 42,214 shares vested[89](index=89&type=chunk) * Compensation expense related to restricted and performance-based shares was **$1.8 million ($1.3 million, net of tax)** for the six months ended June 30, 2025, with **$11.6 million unrecognized** at period-end[89](index=89&type=chunk) [Note 12. Employee Benefits](index=27&type=section&id=Note%2012.%20Employee%20Benefits) SMP contributed $0.3 million to SERP and 87,300 treasury shares to ESOP in the first six months of 2025 * SMP contributed **$0.3 million to the Supplemental Executive Retirement Plan (SERP)** for calendar year 2024 during the first six months of 2025[90](index=90&type=chunk) * During the six months ended June 30, 2025, SMP contributed **87,300 shares to the Employee Stock Ownership Plan (ESOP) trust** and released 87,300 shares[91](index=91&type=chunk) [Note 13. Derivative Instruments](index=27&type=section&id=Note%2013.%20Derivative%20Instruments) SMP uses derivatives to manage market risks, with $216 million in interest rate swaps and $223 million in non-derivative debt instruments * SMP uses derivative and non-derivative instruments to **reduce market risk from changes in interest rates and foreign exchange rates**, not for trading or speculative purposes[92](index=92&type=chunk) * Notional amounts at June 30, 2025: **$216 million for interest rate swaps and $223 million for non-derivative debt instruments**[94](index=94&type=chunk) * A net gain of **$0.8 million from cash flow hedges** is expected to be reclassified from accumulated other comprehensive income to interest expense in the next twelve months[95](index=95&type=chunk) [Note 14. Fair Value Measurements](index=28&type=section&id=Note%2014.%20Fair%20Value%20Measurements) SMP applies a three-level fair value hierarchy, with most financial instruments classified as Level 1 or Level 2, including cash flow hedge interest rate swaps * SMP follows a **three-level fair value hierarchy** (Level 1: quoted prices in active markets; Level 2: other observable inputs; Level 3: significant unobservable inputs)[97](index=97&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk) Fair Value of Financial Instruments (June 30, 2025, in thousands) | Instrument | Fair Value Hierarchy Level | Fair Value | Carrying Amount | | :-------------------------- | :------------------------- | :--------- | :-------------- | | Cash | 1 | $58,792 | $58,792 | | Deferred compensation | 1 | $27,287 | $27,287 | | Cash flow hedge interest rate swaps | 2 | $2,182 | $2,182 | | Short-term borrowings | 2 | $30,818 | $30,818 | | Long-term debt | 2 | $605,811 | $605,811 | * The fair value of variable rate short-term borrowings and long-term debt approximates carrying value due to **current market rates**[101](index=101&type=chunk) [Note 15. Earnings Per Share](index=30&type=section&id=Note%2015.%20Earnings%20Per%20Share) Diluted EPS attributable to SMP increased to $1.13 for Q2 2025 and $1.69 for H1 2025, primarily from continuing operations Earnings Per Share (Three Months Ended June 30) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net earnings attributable to SMP | $25,242 | $17,063 | $8,179 | 47.9% | | Diluted EPS (Continuing operations) | $1.17 | $0.81 | $0.36 | 44.4% | | Diluted EPS (Total) | $1.13 | $0.77 | $0.36 | 46.8% | Earnings Per Share (Six Months Ended June 30) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net earnings attributable to SMP | $37,808 | $25,887 | $11,921 | 46.0% | | Diluted EPS (Continuing operations) | $1.79 | $1.25 | $0.54 | 43.2% | | Diluted EPS (Total) | $1.69 | $1.16 | $0.53 | 45.7% | * Weighted average diluted common shares outstanding increased to **22,423,208 for the three months ended June 30, 2025**, from 22,185,536 in the prior year[104](index=104&type=chunk) [Note 16. Industry Segments](index=30&type=section&id=Note%2016.%20Industry%20Segments) SMP operates in four segments, with Nissens Automotive contributing significantly to Q2 2025 net sales and operating income, and all aftermarket segments showing growth * SMP's business is organized into **four operating segments: Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions**[105](index=105&type=chunk) Segment Net Sales (Three Months Ended June 30, 2025, in thousands) | Segment | 2025 Net Sales | 2024 Net Sales | Change ($) | Change (%) | | :------------------ | :------------- | :------------- | :--------- | :--------- | | Vehicle Control | $201,699 | $188,741 | $12,958 | 6.9% | | Temperature Control | $131,365 | $124,481 | $6,884 | 5.5% | | Nissens Automotive | $90,537 | $0 | $90,537 | N/A | | Engineered Solutions | $70,252 | $76,607 | $(6,355) | -8.3% | | Total | $493,853 | $389,829 | $104,024 | 26.7% | Segment Operating Income (Three Months Ended June 30, 2025, in thousands) | Segment | 2025 Operating Income | 2024 Operating Income | Change ($) | Change (%) | | :------------------ | :-------------------- | :-------------------- | :--------- | :--------- | | Vehicle Control | $16,540 | $15,116 | $1,424 | 9.4% | | Temperature Control | $19,536 | $13,197 | $6,339 | 48.0% | | Nissens Automotive | $10,034 | $0 | $10,034 | N/A | | Engineered Solutions | $3,954 | $5,812 | $(1,858) | -32.0% | | Other | $(7,228) | $(9,139) | $1,911 | -20.9% | | Total | $42,836 | $24,986 | $17,850 | 71.4% | [Note 17. Net Sales](index=34&type=section&id=Note%2017.%20Net%20Sales) Consolidated net sales increased by 26.7% for Q2 2025 and 25.8% for H1 2025, driven by aftermarket segments and Nissens Automotive, despite a decline in Engineered Solutions * Consolidated net sales for the three months ended June 30, 2025, were **$493.9 million, an increase of 26.7%** compared to the prior year[117](index=117&type=chunk) * Consolidated net sales for the six months ended June 30, 2025, were **$907.2 million, an increase of 25.8%** compared to the prior year[117](index=117&type=chunk) [Major Product Group](index=34&type=section&id=Major%20Product%20Group) Vehicle Control and Temperature Control sales grew, Nissens Automotive contributed significantly, while Engineered Solutions experienced declines due to market softness Net Sales by Major Product Group (Three Months Ended June 30, in thousands) | Product Group | 2025 Net Sales | 2024 Net Sales | Change ($) | Change (%) | | :-------------------------------- | :------------- | :------------- | :--------- | :--------- | | **Vehicle Control** | | | | | | Engine Management | $128,233 | $115,529 | $12,704 | 11.0% | | Electrical and Safety | $56,828 | $57,128 | $(300) | -0.5% | | Wire Sets and Other | $16,638 | $16,084 | $554 | 3.4% | | *Total Vehicle Control* | *$201,699* | *$188,741* | *$12,958* | *6.9%* | | **Temperature Control** | | | | | | AC System Components | $104,777 | $99,970 | $4,807 | 4.8% | | Other Thermal Components | $26,588 | $24,511 | $2,077 | 8.5% | | *Total Temperature Control* | *$131,365* | *$124,481* | *$6,884* | *5.5%* | | **Nissens Automotive** | | | | | | Air Conditioning | $40,441 | $0 | $40,441 | N/A | | Engine Cooling | $35,082 | $0 | $35,082 | N/A | | Engine Efficiency | $15,014 | $0 | $15,014 | N/A | | *Total Nissens Automotive* | *$90,537* | *$0* | *$90,537* | *N/A* | | **Engineered Solutions** | | | | | | Light Vehicle | $21,780 | $24,686 | $(2,906) | -11.8% | | Commercial Vehicle | $21,836 | $23,483 | $(1,647) | -7.0% | | Construction/Agriculture | $9,584 | $9,473 | $111 | 1.2% | | All Other | $17,052 | $18,965 | $(1,913) | -10.1% | | *Total Engineered Solutions* | *$70,252* | *$76,607* | *$(6,355)* | *-8.3%* | Net Sales by Major Product Group (Six Months Ended June 30, in thousands) | Product Group | 2025 Net Sales | 2024 Net Sales | Change ($) | Change (%) | | :-------------------------------- | :------------- | :------------- | :--------- | :--------- | | **Vehicle Control** | | | | | | Engine Management | $246,599 | $231,614 | $14,985 | 6.5% | | Electrical and Safety | $115,147 | $109,535 | $5,612 | 5.1% | | Wire Sets and Other | $32,295 | $33,116 | $(821) | -2.5% | | *Total Vehicle Control* | *$394,041* | *$374,265* | *$19,776* | *5.3%* | | **Temperature Control** | | | | | | AC System Components | $171,968 | $149,930 | $22,038 | 14.7% | | Other Thermal Components | $48,280 | $46,159 | $2,121 | 4.6% | | *Total Temperature Control* | *$220,248* | *$196,089* | *$24,159* | *12.3%* | | **Nissens Automotive** | | | | | | Air Conditioning | $67,607 | $0 | $67,607 | N/A | | Engine Cooling | $62,855 | $0 | $62,855 | N/A | | Engine Efficiency | $26,257 | $0 | $26,257 | N/A | | *Total Nissens Automotive* | *$156,719* | *$0* | *$156,719* | *N/A* | | **Engineered Solutions** | | | | | | Light Vehicle | $43,184 | $46,489 | $(3,305) | -7.1% | | Commercial Vehicle | $40,441 | $46,391 | $(5,950) | -12.8% | | Construction/Agriculture | $18,992 | $19,549 | $(557) | -2.8% | | All Other | $33,607 | $38,449 | $(4,842) | -12.6% | | *Total Engineered Solutions* | *$136,224* | *$150,878* | *$(14,654)*| *-9.7%* | [Geographic Area](index=34&type=section&id=Geographic%20Area) The United States remains SMP's primary market, with Europe and Poland seeing significant sales contributions from the new Nissens Automotive segment * The United States is SMP's primary market, with sales substantially denominated in **U.S. dollars**[118](index=118&type=chunk) Net Sales by Geographic Area (Three Months Ended June 30, 2025, in thousands) | Geographic Area | Vehicle Control | Temperature Control | Nissens Automotive | Engineered Solutions | Total | | :---------------------- | :-------------- | :------------------ | :----------------- | :------------------- | :------ | | United States | $179,130 | $126,607 | $3,912 | $36,691 | $346,340 | | Europe, excluding Poland | $199 | $13 | $60,867 | $12,712 | $73,791 | | Canada | $9,400 | $4,287 | $103 | $8,101 | $21,891 | | Poland | $14 | $0 | $22,747 | $2,083 | $24,844 | | Mexico | $11,566 | $32 | $28 | $3,025 | $14,651 | | Other foreign | $1,390 | $426 | $2,880 | $7,640 | $12,336 | | **Total** | **$201,699** | **$131,365** | **$90,537** | **$70,252** | **$493,853** | Net Sales by Geographic Area (Six Months Ended June 30, 2025, in thousands) | Geographic Area | Vehicle Control | Temperature Control | Nissens Automotive | Engineered Solutions | Total | | :---------------------- | :-------------- | :------------------ | :----------------- | :------------------- | :------ | | United States | $351,463 | $211,065 | $7,419 | $73,990 | $643,937 | | Europe, excluding Poland | $399 | $20 | $103,972 | $25,011 | $129,402 | | Canada | $18,790 | $8,378 | $174 | $15,704 | $43,046 | | Poland | $21 | $0 | $39,134 | $2,782 | $41,937 | | Mexico | $20,630 | $34 | $52 | $5,251 | $25,967 | | Other foreign | $2,738 | $751 | $5,968 | $13,486 | $22,943 | | **Total** | **$394,041** | **$220,248** | **$156,719** | **$136,224** | **$907,232** | [Note 18. Commitments and Contingencies](index=36&type=section&id=Note%2018.%20Commitments%20and%20Contingencies) SMP faces commitments and contingencies primarily related to asbestos litigation, other legal claims, and product warranties, with liabilities estimated based on actuarial studies and historical experience [Asbestos](index=36&type=section&id=Asbestos) SMP's asbestos liability, assumed from a 1986 acquisition, includes 848 outstanding cases and an estimated undiscounted liability of $99.6 million to $210.8 million through 2065 * SMP assumed asbestos liabilities from a 1986 brake business acquisition, with approximately **848 cases outstanding as of June 30, 2025**[122](index=122&type=chunk)[123](index=123&type=chunk) * Total payments for settled claims and awards since September 2001 through June 30, 2025, were approximately **$101 million**[125](index=125&type=chunk) * An August 31, 2024, actuarial study estimated undiscounted liability for settlement payments (excluding legal costs) through 2065 to range from **$99.6 million to $210.8 million**, resulting in a **$29.3 million increase to the asbestos liability** in September 2024[127](index=127&type=chunk)[128](index=128&type=chunk) [Other Litigation](index=38&type=section&id=Other%20Litigation) SMP is involved in various legal claims, but management believes their ultimate outcome will not materially adversely affect the company's financial position * SMP is involved in various legal claims including **commercial disputes, product liability, employment, and environmental matters**[130](index=130&type=chunk) * Management believes the ultimate outcome of these matters will **not have a material adverse effect** on the business, financial condition, or results of operations[130](index=130&type=chunk) * Provisions for liabilities are recorded when the liability is considered **probable and reasonably estimable**[130](index=130&type=chunk) [Warranties](index=39&type=section&id=Warranties) SMP's accrued product warranty liability increased to $35.6 million at June 30, 2025, with costs based on historical claims experience * Product warranties are provided against manufacturing and other defects for specific periods, with accrued costs based on **historical claims experience**[133](index=133&type=chunk) Product Warranty Changes (Six Months Ended June 30, in thousands) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------- | :----- | :----- | :--------- | :--------- | | Balance, beginning of period | $24,715 | $21,134 | $3,581 | 16.9% | | Liabilities accrued for current year sales | $67,453 | $65,680 | $1,773 | 2.7% | | Settlements of warranty claims | $(56,536) | $(59,271) | $2,735 | -4.6% | | Balance, end of period | $35,632 | $27,543 | $8,089 | 29.4% | [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=40&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) This section provides management's perspective on SMP's financial performance, condition, and future outlook, covering key drivers, risks, and strategic initiatives * The report contains **forward-looking statements** subject to risks and uncertainties, including changes in customer relationships, supply chain financing, production costs, market conditions, and successful integration of acquired businesses[135](index=135&type=chunk) * SMP is a leading manufacturer and distributor of **automotive aftermarket parts and a custom-engineered solutions provider**, operating in four segments: Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions[136](index=136&type=chunk) [Overview](index=40&type=section&id=Overview) Standard Motor Products, Inc. is a leading global manufacturer and distributor of automotive aftermarket parts and custom-engineered solutions, operating across four segments * SMP is a leading manufacturer and distributor of **premium replacement parts in the automotive aftermarket** and a custom-engineered solutions provider[136](index=136&type=chunk) * The company's operating segments include **Vehicle Control, Temperature Control, Nissens Automotive (acquired in Q4 2024), and Engineered Solutions**[136](index=136&type=chunk) * Nissens Automotive specializes in **thermal management and engine efficiency products** for the European automotive aftermarket[139](index=139&type=chunk) [Overview of Financial Performance](index=41&type=section&id=Overview%20of%20Financial%20Performance) Consolidated net sales for Q2 2025 increased by 26.7% to $493.9 million, with gross margin improving to 30.6% and operating income rising to $42.8 million Key Financial Performance Highlights (Three Months Ended June 30, in thousands, except per share data) | Metric | 2025 | 2024 | Change ($) | Change (%) | | :-------------------------------- | :----- | :----- | :--------- | :--------- | | Net sales | $493,853 | $389,829 | $104,024 | 26.7% | | Gross profit | $150,889 | $111,447 | $39,442 | 35.4% | | Gross profit % | 30.6% | 28.6% | 2.0 pp | 7.0% | | Operating income | $42,836 | $24,986 | $17,850 | 71.4% | | Operating income % | 8.7% | 6.4% | 2.3 pp | 35.9% | | Net earnings attributable to SMP | $25,242 | $17,063 | $8,179 | 47.9% | | Diluted EPS (attributable to SMP) | $1.13 | $0.77 | $0.36 | 46.8% | * Net sales increase driven by **$90.5 million from Nissens Automotive**, higher demand in Vehicle Control, and strong customer orders in Temperature Control, partly offset by decreased sales in Engineered Solutions[144](index=144&type=chunk)[145](index=145&type=chunk) * Gross margin percentage increased due to **higher sales volumes, improved operating performance, cost control measures, and favorable foreign currency exchange rates**[144](index=144&type=chunk)[146](index=146&type=chunk) [United States Trade Policy and Tax Law](index=43&type=section&id=United%20States%20Trade%20Policy%20and%20Tax%20Law) SMP manages tariff exposures through operational optimization and a diverse global footprint, with new tax reform not expected to have a material impact * SMP is exposed to **higher tariffs on imports from certain countries**, including Canada, Mexico, China, and the European Union[149](index=149&type=chunk) * Mitigation strategies include **optimizing operations, implementing cost and pricing measures, and leveraging a diverse global footprint**[149](index=149&type=chunk) * The **One Big Beautiful Bill Act (OBBBA)**, signed in July 2025, is not expected to have a material impact on SMP's consolidated financial statements[150](index=150&type=chunk) [Sustainability](index=43&type=section&id=Sustainability) SMP is committed to sustainability, focusing on reducing environmental impact and offering products that contribute to a greener car parc * SMP's sustainability initiatives are founded on values of **integrity, common decency, and respect**, as embodied in its Code of Ethics[151](index=151&type=chunk) * Key environmental efforts include **reducing energy and water usage, waste generation, increasing recycling, and reducing Scope 1 and Scope 2 greenhouse gas emissions**[152](index=152&type=chunk) * SMP's product offerings contribute to a greener car parc through components that **improve fuel economy, reduce harmful emissions, and support alternative energy vehicles**, alongside remanufacturing processes[152](index=152&type=chunk)[153](index=153&type=chunk) [Interim Results of Operations](index=44&type=section&id=Interim%20Results%20of%20Operations) This section analyzes SMP's financial performance for Q2 and H1 2025 compared to 2024, detailing segment-specific net sales, gross margins, operating expenses, and income [Comparison of the Three Months Ended June 30, 2025 to the Three Months Ended June 30, 2024](index=44&type=section&id=Comparison%20of%20the%20Three%20Months%20Ended%20June%2030%2C%202025%20to%20the%20Three%20Months%20Ended%20June%2030%2C%202024) Consolidated net sales increased by 26.7% to $493.9 million, with gross margin improving to 30.6% and operating income rising by 71.4% to $42.8 million * Consolidated net sales increased by **$104 million (26.7%) to $493.9 million**, with increases across all aftermarket operating segments[155](index=155&type=chunk) * Gross margins increased to **30.6% (from 28.6%)**, primarily benefiting Temperature Control (due to higher production and cost savings) and Nissens Automotive (38.9%), while Vehicle Control and Engineered Solutions saw decreases[161](index=161&type=chunk)[162](index=162&type=chunk)[163](index=163&type=chunk)[164](index=164&type=chunk)[165](index=165&type=chunk) * Operating income increased by **$17.9 million (71.4%) to $42.8 million**, including $10 million from Nissens Automotive[170](index=170&type=chunk) * Selling, general and administrative expenses increased by **$23.6 million**, mainly due to $25.2 million from Nissens Automotive, partly offset by lower acquisition-related and distribution transition expenses[167](index=167&type=chunk) * Interest expense rose to **$8.3 million (from $2.8 million)** due to higher average outstanding borrowings for the Nissens Automotive acquisition[172](index=172&type=chunk) [Comparison of the Six Months Ended June 30, 2025 to the Six Months Ended June 30, 2024](index=48&type=section&id=Comparison%20of%20the%20Six%20Months%20Ended%20June%2030%2C%202025%20to%20the%20Six%20Months%20Ended%20June%2030%2C%202024) Consolidated net sales increased by 25.8% to $907.2 million, with gross margin improving to 30.4% and operating income rising by 69.9% to $67.3 million * Consolidated net sales increased by **$186.0 million (25.8%) to $907.2 million**, with all aftermarket segments showing increases[176](index=176&type=chunk) * Gross margins increased to **30.4% (from 27.9%)**, with Temperature Control and Engineered Solutions showing improvements, while Vehicle Control saw a slight decrease due to tariffs[182](index=182&type=chunk)[183](index=183&type=chunk)[185](index=185&type=chunk) * Operating income increased by **$27.7 million (69.9%) to $67.3 million**, including $12.6 million from Nissens Automotive[189](index=189&type=chunk) * Selling, general and administrative expenses increased by **$48.7 million**, primarily due to $45.8 million from Nissens Automotive and higher expenses related to increased net sales in Temperature Control[186](index=186&type=chunk) * Interest expense rose to **$16.1 million (from $4.8 million)** due to higher average outstanding borrowings for the Nissens Automotive acquisition[191](index=191&type=chunk) [Restructuring Programs](index=52&type=section&id=Restructuring%20Programs) This section refers to Note 4 for a detailed discussion on restructuring costs, including the Separation Program and Cost Reduction Initiative * Detailed discussion on restructuring costs is provided in **Note 4, 'Restructuring Expenses,'** of the notes to the consolidated financial statements[195](index=195&type=chunk) [Liquidity and Capital Resources](index=52&type=section&id=Liquidity%20and%20Capital%20Resources) SMP's liquidity is supported by operating cash flows and its $750 million 2024 Credit Agreement, with total debt increasing to $636.6 million due to the Nissens Automotive acquisition * Primary cash requirements include **working capital, capital expenditures, quarterly dividend payments, stock repurchases, principal and interest payments on indebtedness, and acquisitions**[196](index=196&type=chunk) Liquidity Summary (in thousands) | Metric | June 30, 2025 | December 31, 2024 | | :---------------------- | :------------ | :---------------- | | Operating cash flows (six months) | $(5,903) | $(10,139) | | Total debt | $636,629 | $562,314 | | Cash | $58,792 | $44,426 | | Net debt | $577,837 | $517,888 | | Remaining borrowing capacity | $128,420 | $193,379 | | Total liquidity | $187,212 | $237,805 | * SMP anticipates adequate cash flow from operations, available cash, and borrowings under the 2024 Credit Agreement to meet liquidity needs for at least the next twelve months, subject to **macroeconomic risks**[216](index=216&type=chunk)[217](index=217&type=chunk) [Critical Accounting Policies and Estimates](index=56&type=section&id=Critical%20Accounting%20Policies%20and%20Estimates) SMP identifies valuation of long-lived assets, goodwill, and asbestos litigation as critical accounting policies, with no material changes reported from the prior annual filing * Critical accounting policies and estimates include **"Valuation of Long-Lived and Intangible Assets and Goodwill" and "Asbestos Litigation"**[219](index=219&type=chunk) * **No material changes** to these policies have occurred since December 31, 2024[219](index=219&type=chunk) * Future estimates may be materially impacted by **supply chain disruptions, interest rate increases, inflation, and macroeconomic uncertainty**[220](index=220&type=chunk) [Recently Issued Accounting Pronouncements](index=56&type=section&id=Recently%20Issued%20Accounting%20Pronouncements) This section refers to Note 2 for a detailed discussion on recently issued accounting pronouncements and their impact on the consolidated financial statements * For a detailed discussion on recently issued accounting pronouncements, refer to **Note 2, "Summary of Significant Accounting Policies"**[221](index=221&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=56&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) SMP is exposed to market risks from foreign currency exchange rates and interest rates, which are managed using derivative and non-derivative instruments * SMP's primary market risks are related to **foreign currency exchange and interest rates**[222](index=222&type=chunk) * Derivative financial instruments (interest rate swaps, forward foreign exchange contracts) and non-derivative instruments (foreign currency denominated debt) are used to **manage exposures, not for trading or speculative purposes**[222](index=222&type=chunk) [Foreign Exchange Rate Risk](index=56&type=section&id=Foreign%20Exchange%20Rate%20Risk) SMP has foreign exchange exposure to multiple currencies, with Euro-denominated debt hedging Nissens Automotive's Danish kroner operations, and a 10% change not expected to materially impact earnings * SMP has foreign exchange rate exposure to multiple currencies, including the **Canadian dollar, euro, British pound, Polish zloty, Mexican peso, and Danish kroner**[223](index=223&type=chunk) * Euro-denominated debt is designated as a **non-derivative hedge of the net investment in Nissens Automotive's foreign operations** (Danish kroner functional currency)[223](index=223&type=chunk) * A hypothetical **10% unfavorable change in foreign currency exchange rates** is not expected to have a material impact on earnings or cash flows[224](index=224&type=chunk) [Interest Rate Risk](index=56&type=section&id=Interest%20Rate%20Risk) SMP manages interest rate risk by balancing fixed and variable rate debt, using swaps, with a 100 basis point increase potentially impacting earnings by $3.4 million annually * SMP manages interest rate risk through the **proportion of fixed and variable rate debt** and uses interest rate swap agreements to convert variable rate debt to fixed rates[225](index=225&type=chunk) * As of June 30, 2025, **$401.2 million of outstanding borrowings** under the 2024 Credit Agreement bear interest at variable rates[226](index=226&type=chunk) * A hypothetical, instantaneous and unfavorable change of **100 basis points in the interest rate** may have an approximate **$3.4 million annualized negative impact** on earnings before income taxes or cash flows from borrowings, and an additional $2.6 million (QoQ) / $4.4 million (YoY) impact from receivables sales[227](index=227&type=chunk)[228](index=228&type=chunk) [Item 4. Controls and Procedures](index=57&type=section&id=Item%204.%20Controls%20and%20Procedures) This item addresses the effectiveness of the company's disclosure controls and procedures and any changes in internal control over financial reporting [Evaluation of Disclosure Controls and Procedures](index=57&type=section&id=Evaluation%20of%20Disclosure%20Controls%20and%20Procedures) As of June 30, 2025, SMP's CEO and CFO concluded that the company's disclosure controls and procedures were effective * The Chief Executive Officer and Chief Financial Officer concluded that **disclosure controls and procedures were effective** as of June 30, 2025[231](index=231&type=chunk) [Changes in Internal Control Over Financial Reporting](index=57&type=section&id=Changes%20in%20Internal%20Control%20Over%20Financial%20Reporting) No material changes in internal control over financial reporting occurred during Q2 2025, as the company integrates Nissens Automotive's controls * **No material changes in internal control over financial reporting** occurred during the quarter ended June 30, 2025[232](index=232&type=chunk) * SMP is in the process of **evaluating and integrating internal controls over financial reporting at Nissens Automotive**, acquired in November 2024[233](index=233&type=chunk) [PART II – OTHER INFORMATION](index=58&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Item 1. Legal Proceedings](index=58&type=section&id=Item%201.%20Legal%20Proceedings) Information regarding legal proceedings is incorporated by reference from Note 18, "Commitments and Contingencies," specifically the "Asbestos" section * Information required by this Item is incorporated by reference to **Note 18, "Commitments and Contingencies," under the caption "Asbestos"**[235](index=235&type=chunk) [Item 6. Exhibits](index=58&type=section&id=Item%206.%20Exhibits) This item lists all exhibits filed as part of the Form 10-Q, including the 2025 Omnibus Incentive Plan, CEO/CFO certifications, and XBRL-related documents * Exhibits include the **Standard Motor Products, Inc. 2025 Omnibus Incentive Plan, CEO/CFO certifications (Sections 302 and 906 of Sarbanes-Oxley Act), and Inline XBRL documents**[236](index=236&type=chunk) [Signatures](index=59&type=section&id=Signatures) The report is duly signed on behalf of Standard Motor Products, Inc. by Nathan R. Iles, Chief Financial Officer, on August 5, 2025 * The report is signed by **Nathan R. Iles, Chief Financial Officer**, on behalf of Standard Motor Products, Inc[239](index=239&type=chunk) * The signing date of the report is **August 5, 2025**[239](index=239&type=chunk)

Financial Data and Key Metrics Changes - The company reported a nearly 27% growth in revenue for Q2 2025, with a 3.5% increase in legacy business sales, and a year-to-date growth of approximately 26% [3][4] - Adjusted EBITDA increased by $20 million, up 190 basis points to 12% [4][22] - Non-GAAP diluted earnings per share rose by 31.6% for the quarter and 47.9% year-to-date [22] Business Line Data and Key Metrics Changes - Vehicle Control segment sales increased by 6.9% in Q2, with year-to-date growth of 5.3% [17] - Temperature Control segment sales rose by 5.5% in Q2, with year-to-date growth of 12.3% [19] - Nissens Automotive contributed $90.5 million in net sales and $16.3 million in adjusted EBITDA, exceeding expectations with an 18% EBITDA margin [20][21] - Engineered Solutions segment sales declined by 8.3%, reflecting a slowdown in certain end markets [21] Market Data and Key Metrics Changes - The North American aftermarket remains stable, with strong demand for nondiscretionary products [27][28] - Nissens is outperforming the European aftermarket, gaining market share and expanding into new categories [42][44] Company Strategy and Development Direction - The company is focusing on integrating Nissens to leverage synergies and expand product offerings [10][28] - A new distribution center in Shawnee, Kansas, is expected to enhance operational efficiency and capacity [12][60] - The company is adapting to the changing tariff landscape by relocating production and implementing cost-sharing strategies with suppliers [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate a challenging economic environment, with a bullish outlook for future growth [26][28] - The updated sales guidance for the full year is now in the low 20% range, reflecting strong performance and the impact of tariffs [24][25] Other Important Information - Cash used in operations decreased to $5.9 million from $10.1 million year-over-year, indicating improved cash flow management [22] - The company plans to continue monitoring interest rates for potential refinancing opportunities [56] Q&A Session Summary Question: Pricing trends in the second half and SKU inflation assumptions - Management indicated that pricing plans are in place to cover tariff costs, with expectations for nominal increases across the offering [33] Question: Comparison of POS to sell-in and inventory builds - Vehicle Control sales were up low to mid single digits, reflecting ongoing customer expansion rather than a reaction to price increases [34][35] Question: Timing of tariff impacts and segment breakdown - Higher costs were observed in Q2 due to inventory turnover with higher tariffs, but these are expected to be offset in the second half [40][41] Question: Performance of Nissens and European aftermarket - Nissens is exceeding expectations, gaining market share and expanding into new categories, with strong performance in temperature control products [42][44] Question: Expectations for margins and efficiency post-distribution center completion - Management expects better efficiencies and cost savings from the new distribution center, although some net higher costs are anticipated initially [60][61] Question: Future tariff costs and their impact - Current tariff costs are not expected to decrease significantly, with management prepared to adapt pricing strategies as needed [63][64]

Group 1 - Standard Motor Products (SMP) reported revenue of $493.85 million for the quarter ended June 2025, a year-over-year increase of 26.7% [1] - The EPS for the same period was $1.29, compared to $0.98 a year ago, indicating a significant improvement [1] - The reported revenue exceeded the Zacks Consensus Estimate of $449.97 million by 9.75%, and the EPS also surpassed the consensus estimate of $0.97 by 32.99% [1] Group 2 - Key metrics for Standard Motor Products show varied performance across different segments, with Vehicle Control revenues at $201.7 million, exceeding the average estimate of $185.97 million by 6.9% year-over-year [4] - Nissens Automotive revenues reached $90.54 million, significantly higher than the average estimate of $69.75 million [4] - Temperature Control revenues were reported at $131.37 million, above the estimated $119.25 million, reflecting a 5.5% year-over-year increase, while Engineered Solutions revenues fell to $70.25 million, below the estimated $77.28 million, marking an 8.3% decline [4] Group 3 - Over the past month, shares of Standard Motor Products have returned -5.1%, contrasting with the Zacks S&P 500 composite's +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Company Overview - Standard Motor Products (SMP) reported 2024 revenue of $1.5 billion and adjusted EBITDA of $140 million[13] - The company's market capitalization is approximately $669 million[13] - SMP's revenue is divided into three segments: North American Aftermarket (67%), European Aftermarket (16%), and Engineered Solutions (17%)[11] Financial Performance & Capital Allocation - The company spent $10.4 million in 2024 to repurchase 321,000 shares, with $19.6 million remaining under authorization as of June 30, 2025[72] - For the six months ended June 30, 2025, the company's revenue was $907.2 million, with a gross margin of 31.1% and adjusted EBITDA of $101.9 million, representing 11.2% of net sales[82,87] - Net debt stood at $577.8 million with a leverage ratio of 3.2x as of June 30, 2025[83] Market Segments - North American Aftermarket sales reached $1.143 billion in 2024[38] - European Aftermarket sales were $277 million in 2024[44] - Engineered Solutions generated $285 million in revenue in 2024[51] Strategic Initiatives - The acquisition of Nissens is expected to be highly accretive in its first full year post-acquisition and will improve future free cash flow[22,67] - The company anticipates $8-12 million in cost synergies through the Nissens acquisition[24]

Standard Motor Products, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $493.85 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 9.75%. This compares to year-ago revenues of $389.83 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on ma ...

[Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) The company reported strong Q2 and YTD 2025 results, with significant sales growth and improved profitability, driven by the Nissens acquisition [Second Quarter 2025 Financial Highlights](index=1&type=section&id=Second%20Quarter%202025%20Financial%20Highlights) Standard Motor Products, Inc. reported strong second-quarter 2025 results, with significant increases in net sales, earnings from continuing operations, and adjusted diluted EPS compared to the prior year. The company also saw a notable improvement in its adjusted EBITDA margin Q2 2025 Key Financial Highlights (YoY) | Metric | Q2 2025 | Q2 2024 | Change (%) | | :-------------------------------- | :------ | :------ | :--------- | | Net Sales | $493.9M | $389.8M | 26.7% | | Net Sales (Excl. Nissens) | $403.4M | $389.8M | 3.5% | | GAAP Earnings from Continuing Ops | $26.3M | $18.0M | 46.1% | | GAAP Diluted EPS | $1.17 | $0.81 | 44.4% | | Adjusted Earnings from Continuing Ops | $28.9M | $21.7M | 33.2% | | Adjusted Diluted EPS | $1.29 | $0.98 | 31.6% | | Adjusted EBITDA Margin | 12.0% | 10.1% | +190 bps | [Year-to-Date 2025 Financial Highlights](index=2&type=section&id=Year-to-Date%202025%20Financial%20Highlights) For the first six months of 2025, the company achieved substantial growth in consolidated net sales and earnings from continuing operations, both on a GAAP and adjusted basis, demonstrating strong year-to-date performance YTD 2025 Key Financial Highlights (YoY) | Metric | YTD 2025 | YTD 2024 | Change (%) | | :-------------------------------- | :------- | :------- | :--------- | | Consolidated Net Sales | $907.2M | $721.2M | 25.8% | | GAAP Earnings from Continuing Ops | $40.0M | $27.8M | 43.9% | | GAAP Diluted EPS | $1.79 | $1.25 | 43.2% | | Adjusted Earnings from Continuing Ops | $46.9M | $31.7M | 47.9% | | Adjusted Diluted EPS | $2.10 | $1.42 | 47.9% | [CEO Commentary on Performance](index=2&type=section&id=CEO%20Commentary%20on%20Performance) CEO Eric Sills expressed satisfaction with the strong second-quarter results, building on a record quarter last year. He highlighted significant sales and adjusted diluted EPS growth for both the quarter and year-to-date, emphasizing the positive impact of the Nissens acquisition - Sales for Q2 increased nearly **27%**, or **3.5%** excluding Nissens Automotive (Nissens)[6](index=6&type=chunk) - Year-to-date sales are up **26%**, or **4.1%** excluding Nissens[6](index=6&type=chunk) - Adjusted diluted earnings per share grew **31.6%** for the quarter and **47.9%** for the year[6](index=6&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) Segment performance was strong in North American Aftermarket and Nissens, driving overall growth, despite a sales decline in Engineered Solutions [North American Aftermarket Segments](index=2&type=section&id=North%20American%20Aftermarket%20Segments) The North American Aftermarket segments, including Vehicle Control and Temperature Control, demonstrated continued strong performance in Q2 2025, driven by robust customer order activity and favorable market conditions [Vehicle Control](index=2&type=section&id=Vehicle%20Control) Vehicle Control sales increased nearly 7% in Q2, driven by strong customer orders and solid sell-through, underscoring product necessity - Vehicle Control sales rose nearly **7%** in the second quarter, continuing momentum from Q1[7](index=7&type=chunk) - Strong customer order activity and solid sell-through underscore the non-discretionary nature of products[7](index=7&type=chunk) [Temperature Control](index=2&type=section&id=Temperature%20Control) Temperature Control sales increased 5.5% in Q2, despite a challenging comparison, with year-to-date growth reaching 12.3% - Temperature Control sales increased **5.5%** in Q2, despite a challenging comparison to last year's **28%** growth[7](index=7&type=chunk) - Year-to-date, the segment is up **12.3%**, building on last year's **15.8%** growth for the same period[7](index=7&type=chunk) [Nissens Automotive](index=3&type=section&id=Nissens%20Automotive) Nissens, the newest segment, delivered another solid quarter, contributing significantly to sales and exceeding full-year adjusted EBITDA margin expectations. Integration efforts are progressing ahead of schedule, with initial cost reduction and growth synergies being realized Nissens Q2 2025 Performance | Metric | Value | | :-------------------- | :---------- | | Sales Contribution | $90.5 million | | Adjusted EBITDA Margin | 18.0% | - Nissens' adjusted EBITDA margin of **18.0%** is ahead of full-year expectations of mid-teens[8](index=8&type=chunk) - Integration efforts are in full stride, with many initiatives tracking ahead of plan[8](index=8&type=chunk) - Confident in achieving **$8-12 million** in run-rate cost reduction synergies within **24 months** of ownership[8](index=8&type=chunk) - Growth synergies are being implemented, with over **800** new items launched in North America[8](index=8&type=chunk) [Engineered Solutions](index=3&type=section&id=Engineered%20Solutions) The Engineered Solutions segment experienced an 8.3% year-over-year sales decline due to continued softness in certain end markets. However, demand is believed to have stabilized, with easier comparisons expected in the second half of the year - Sales in the Engineered Solutions segment declined **8.3%** year-over-year[9](index=9&type=chunk) - Decline reflects continued softness in certain end markets[9](index=9&type=chunk) - Demand is believed to have stabilized, with easier second-half comparisons expected[9](index=9&type=chunk) [Financial Position & Operational Initiatives](index=3&type=section&id=Financial%20Position%20%26%20Operational%20Initiatives) The company improved profitability, managed debt, expanded distribution, and implemented strategies to mitigate tariff impacts [Profitability & Balance Sheet Overview](index=3&type=section&id=Profitability%20%26%20Balance%20Sheet%20Overview) Adjusted EBITDA significantly increased, driven by strong North American aftermarket performance and Nissens' contribution, leading to a higher margin. Net debt levels reflect the Nissens acquisition and seasonal working capital, with a target to reduce debt leverage by the end of 2026 Q2 2025 Adjusted EBITDA (YoY) | Metric | Q2 2025 | Q2 2024 | Change | | :-------------------- | :------ | :------ | :------- | | Adjusted EBITDA | $59.1M | $39.5M | +$19.6M | | Adjusted EBITDA Margin | 12.0% | 10.1% | +190 bps | - Adjusted EBITDA increase driven by strong North American aftermarket segments and **$16.3 million** from Nissens[10](index=10&type=chunk) - Total net debt at quarter-end was **$577.8 million**, primarily due to Nissens acquisition and seasonal working capital build[11](index=11&type=chunk) - Debt leverage declined in the quarter due to strong results[12](index=12&type=chunk) - Targeting debt levels to **2.0x Adjusted EBITDA** by the end of **2026**[12](index=12&type=chunk) [New Distribution Center](index=4&type=section&id=New%20Distribution%20Center) The company officially opened a new 575,000 square foot distribution center in Shawnee, Kansas, expanding its distribution footprint and enhancing capabilities to better serve customer fulfillment needs across the United States - Opened a new **575,000 square foot** state-of-the-art distribution center (DC) in Shawnee, Kansas[13](index=13&type=chunk) - The facility increases total distribution footprint by over **200,000 net square feet** and provides centralized coverage across the U.S[13](index=13&type=chunk) - Intends to exit the Edwardsville DC by year-end and sell the facility thereafter[13](index=13&type=chunk) [Tariff Impact & Mitigation](index=4&type=section&id=Tariff%20Impact%20%26%20Mitigation) The company leverages its diverse global footprint, with over half of U.S. sales from tariff-free North American-made products. For other sourced products, a mitigation plan is in place, including cost-sharing, re-sourcing, and pass-through pricing, to offset tariff costs going forward - Over half of U.S. sales are from North American-made, USMCA-compliant products, which are largely tariff-free[14](index=14&type=chunk) - Mitigation plan includes cost containment through cost-sharing with suppliers, re-sourcing to lower-tariffed countries, and pass-through pricing to customers[14](index=14&type=chunk) - Experienced some tariff costs in Q2 without offsetting pricing due to timing delays, but expects ongoing costs to be offset with pricing going forward[14](index=14&type=chunk) [Outlook & Shareholder Information](index=4&type=section&id=Outlook%20%26%20Shareholder%20Information) The company raised full-year sales guidance, reaffirmed EBITDA margin, declared a dividend, and remains optimistic about long-term growth and efficiencies [Updated 2025 Guidance](index=4&type=section&id=Updated%202025%20Guidance) The company raised its full-year sales growth guidance to the low-20s percent range, up from prior mid-teens expectations, reflecting strong first-half results. The adjusted EBITDA margin outlook of 10-11% was reaffirmed, with sales growth and other initiatives offsetting tariff-related margin compression - Raising full-year sales growth guidance to the **low-20s percent range**, up from prior mid-teens expectation[15](index=15&type=chunk) - Reaffirmed adjusted EBITDA margin outlook of **10-11%**[15](index=15&type=chunk) - Revised guidance includes the impact of tariffs and mitigating actions, with sales growth and other initiatives offsetting margin rate compression from tariff pricing[16](index=16&type=chunk) [Quarterly Dividend](index=5&type=section&id=Quarterly%20Dividend) The Board of Directors approved a quarterly dividend of 31 cents per share, payable on September 2, 2025, to stockholders of record on August 15, 2025 Quarterly Dividend Details | Metric | Value | | :-------------------- | :---------- | | Dividend Per Share | $0.31 | | Payment Date | Sep 2, 2025 | | Record Date | Aug 15, 2025 | [Closing Remarks](index=5&type=section&id=Closing%20Remarks) CEO Eric Sills concluded by highlighting the first half of 2025 exceeding expectations, driven by strong performance in North American aftermarket segments and above-market growth from Nissens. He expressed optimism for long-term potential through growth and savings synergies with Nissens and ongoing operational efficiencies - First half of **2025** exceeded expectations despite a volatile macroeconomic environment[18](index=18&type=chunk) - North American aftermarket segments delivered the strongest first half in company history, demonstrating market strength and industry resilience[18](index=18&type=chunk) - Nissens continued to deliver above-market growth and holds a market-leading position in Europe[18](index=18&type=chunk) - Optimistic about long-term potential, led by growth and savings synergies with Nissens, and ongoing efforts to gain efficiencies[18](index=18&type=chunk) [Conference Call Details](index=5&type=section&id=Conference%20Call%20Details) Standard Motor Products, Inc. will host a conference call on August 5, 2025, at 11:00 AM ET to discuss Q2 2025 results, with webcast and dial-in options available, along with a replay - Conference call scheduled for Tuesday, **August 5, 2025**, at **11:00 AM Eastern Time**[19](index=19&type=chunk) - Webcast accessible via www.smpcorp.com, with a replay available within **24 hours**[19](index=19&type=chunk)[20](index=20&type=chunk) - Dial-in numbers: **800-343-4136** (domestic) or **203-518-9843** (international), Conference ID: **SMP2Q2025**[19](index=19&type=chunk) [Safe Harbor Statement](index=6&type=section&id=Safe%20Harbor%20Statement) The report includes forward-looking statements, which are based on management's expectations but are subject to risks and uncertainties that could cause actual results to differ materially. The company undertakes no obligation to update these statements - Forward-looking statements are based on management's expectations and are subject to risks and uncertainties[21](index=21&type=chunk) - Factors that could cause actual results to differ are detailed in prior press releases and SEC filings (Form 10-K, 10-Q)[21](index=21&type=chunk) - Standard Motor Products undertakes no obligation to update these statements after the release date[21](index=21&type=chunk) [Consolidated Financial Statements (GAAP)](index=7&type=section&id=Consolidated%20Financial%20Statements%20(GAAP)) This section presents the company's GAAP financial statements, detailing operations, segment performance, balance sheets, and cash flows [Consolidated Statements of Operations](index=7&type=section&id=Consolidated%20Statements%20of%20Operations) The Consolidated Statements of Operations provide a detailed breakdown of the company's revenues, costs, and earnings for the three and six months ended June 30, 2025, and 2024, highlighting significant growth in net sales and net earnings Consolidated Statements of Operations (Selected Data, in thousands) | Metric (in thousands) | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------------------- | :------ | :------ | :------- | :------- | | Net sales | $493,853 | $389,829 | $907,232 | $721,232 | | Gross profit | $150,889 | $111,447 | $275,611 | $200,969 | | Operating income | $42,836 | $24,986 | $67,298 | $39,605 | | Earnings from continuing operations | $26,595 | $18,324 | $40,475 | $28,353 | | Net earnings attributable to SMP | $25,242 | $17,063 | $37,808 | $25,887 | | Diluted EPS (Continuing operations) | $1.17 | $0.81 | $1.79 | $1.25 | | Dividend declared per common share | $0.31 | $0.29 | $0.62 | $0.58 | [Segment Revenues](index=8&type=section&id=Segment%20Revenues) Segment Revenues detail the sales performance across Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions for the three and six months ended June 30, 2025, and 2024, showing strong growth in most segments, particularly with the addition of Nissens Segment Revenues (in thousands) | Segment | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------- | :------ | :------ | :------- | :------- | | Vehicle Control | $201,699 | $188,741 | $394,041 | $374,265 | | Temperature Control | $131,365 | $124,481 | $220,248 | $196,089 | | Nissens Automotive | $90,537 | — | $156,719 | — | | Engineered Solutions | $70,252 | $76,607 | $136,224 | $150,878 | | Total | $493,853 | $389,829 | $907,232 | $721,232 | [Segment Operating Profit](index=9&type=section&id=Segment%20Operating%20Profit) Segment Operating Profit provides insights into the gross margin and operating income performance of each business segment for the three and six months ended June 30, 2025, and 2024, highlighting Nissens' strong profitability and improvements in Temperature Control Segment Operating Income (in thousands) | Segment | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------- | :------ | :------ | :------- | :------- | | Vehicle Control | $17,084 | $16,125 | $35,410 | $31,766 | | Temperature Control | $19,523 | $13,444 | $27,298 | $15,533 | | Nissens Automotive | $12,830 | — | $20,414 | — | | Engineered Solutions | $3,971 | $6,193 | $7,166 | $8,436 | | Total Operating Income | $42,836 | $24,986 | $67,298 | $39,605 | Segment Gross Margin Percentage | Segment | Q2 2025 | Q2 2024 | YTD 2025 | YTD 2024 | | :-------------------- | :------ | :------ | :------- | :------- | | Vehicle Control | 30.1% | 31.8% | 31.2% | 31.8% | | Temperature Control | 32.2% | 29.4% | 31.8% | 28.7% | | Nissens Automotive | 40.7% | — | 41.3% | — | | Engineered Solutions | 18.1% | 19.4% | 17.9% | 17.1% | [Condensed Consolidated Balance Sheets](index=14&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The Condensed Consolidated Balance Sheets present the company's financial position as of June 2025, June 2024, and December 2024, showing significant increases in total assets and liabilities, largely influenced by the Nissens acquisition Condensed Consolidated Balance Sheets (Selected Data, in thousands) | Metric | June 2025 | June 2024 | Dec 2024 | | :-------------------------------- | :-------- | :-------- | :------- | | Total Current Assets | $1,065,064 | $816,655 | $921,924 | | Property, Plant And Equipment, Net | $183,508 | $131,921 | $168,735 | | Goodwill | $256,266 | $134,476 | $241,418 | | Total Assets | $2,007,348 | $1,374,328 | $1,814,126 | | Total Current Liabilities | $492,415 | $332,166 | $436,472 | | Long-term Debt | $605,811 | $203,162 | $535,197 | | Total Liabilities | $1,303,889 | $720,006 | $1,184,044 | | Total Stockholders' Equity | $703,459 | $654,322 | $630,082 | [Condensed Consolidated Statements of Cash Flows](index=15&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) The Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025, and 2024, indicate a net cash outflow from operating activities but a net increase in cash due to significant cash provided by financing activities, primarily from changes in debt Condensed Consolidated Statements of Cash Flows (Selected Data, in thousands) | Metric | YTD 2025 | YTD 2024 | | :-------------------------------- | :------- | :------- | | Net Cash Used In Operating Activities | $(5,903) | $(10,139) | | Net Cash Used In Investing Activities | $(16,323) | $(22,923) | | Net Cash Provided By Financing Activities | $32,624 | $28,471 | | Net Increase (Decrease) In Cash | $14,366 | $(6,370) | | Cash At End Of Period | $58,792 | $26,156 | [Non-GAAP Reconciliations](index=10&type=section&id=Non-GAAP%20Reconciliations) This section reconciles GAAP to non-GAAP financial measures, adjusting for special items at consolidated and segment levels for clearer performance [Consolidated Non-GAAP Measures](index=10&type=section&id=Consolidated%20Non-GAAP%20Measures) This section reconciles GAAP earnings from continuing operations, diluted EPS, operating income, and EBITDA to their non-GAAP equivalents, adjusting for special items like restructuring and acquisition & integration expenses, to provide a clearer view of ongoing operating results Consolidated GAAP to Non-GAAP Reconciliation (Selected Data, in thousands) | Metric | Q2 2025 GAAP | Q2 2025 Non-GAAP | YTD 2025 GAAP | YTD 2025 Non-GAAP | | :-------------------------------- | :----------- | :------------- | :------------ | :-------------- | | Earnings from Continuing Operations | $26,300 | $28,876 | $40,005 | $46,888 | | Diluted EPS from Continuing Operations | $1.17 | $1.29 | $1.79 | $2.10 | | Operating Income | $42,836 | $46,269 | $67,298 | $76,293 | | EBITDA | $55,636 | $59,118 | $92,613 | $101,915 | - Non-GAAP measures are adjusted for special items (restructuring, acquisition & integration expenses, and related tax effects) to provide a view of ongoing operating results[30](index=30&type=chunk) [Segment Non-GAAP Measures (Q2)](index=11&type=section&id=Segment%20Non-GAAP%20Measures%20(Q2)) This section provides a segment-level reconciliation of GAAP operating income and EBITDA to non-GAAP measures for the three months ended June 30, 2025, and 2024, detailing adjustments for restructuring, acquisition & integration expenses, and other income/expense Q2 2025 Segment Non-GAAP Operating Income (in thousands) | Segment | GAAP Operating Income | Non-GAAP Operating Income | | :-------------------- | :-------------------- | :------------------------ | | Vehicle Control | $16,540 | $17,084 | | Temperature Control | $19,536 | $19,523 | | Nissens Automotive | $10,034 | $12,830 | | Engineered Solutions | $3,954 | $3,971 | | Consolidated | $42,836 | $46,269 | Q2 2025 Segment Non-GAAP EBITDA without Special Items (in thousands) | Segment | EBITDA | EBITDA without Special Items | | :-------------------- | :------- | :--------------------------- | | Vehicle Control | $21,065 | $21,544 | | Temperature Control | $21,148 | $21,201 | | Nissens Automotive | $13,491 | $16,313 | | Engineered Solutions | $6,958 | $6,997 | | Consolidated | $55,636 | $59,118 | | % of Net Sales | 10.7% | 12.0% | [Segment Non-GAAP Measures (YTD)](index=13&type=section&id=Segment%20Non-GAAP%20Measures%20(YTD)) This section presents the segment-level reconciliation of GAAP operating income and EBITDA to non-GAAP measures for the six months ended June 30, 2025, and 2024, providing a year-to-date perspective on performance adjusted for special items YTD 2025 Segment Non-GAAP Operating Income (in thousands) | Segment | GAAP Operating Income | Non-GAAP Operating Income | | :-------------------- | :-------------------- | :------------------------ | | Vehicle Control | $34,322 | $35,410 | | Temperature Control | $27,436 | $27,298 | | Nissens Automotive | $12,621 | $20,414 | | Engineered Solutions | $7,130 | $7,166 | | Consolidated | $67,298 | $76,293 | YTD 2025 Segment Non-GAAP EBITDA without Special Items (in thousands) | Segment | EBITDA | EBITDA without Special Items | | :-------------------- | :------- | :--------------------------- | | Vehicle Control | $42,787 | $43,792 | | Temperature Control | $30,413 | $30,602 | | Nissens Automotive | $19,947 | $27,780 | | Engineered Solutions | $13,348 | $13,407 | | Consolidated | $92,613 | $101,915 | | % of Net Sales | 11.1% | 11.2% |

NEW YORK, Aug. 5, 2025 /PRNewswire/ -- 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, 2025. Net sales for the second quarter of 2025 were $493.9 million, compared to consolidated net sales of $389.8 million during the same quarter in 2024. Earnings from continuing operations for the second quarter of 2025 were $26.3 million or $1.17 per diluted share, compared to ...

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Tuesday, August 5, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q2'25 Earnings Call Earnings Webcast link. Investors may also listen to the call by dialing 800-343-4136 (domestic) or 203-518-9843 (international). The conference call ID code is SMP2Q2025. Our playback will be made available for dial in immediately following the call. For those choosing to li ...

Core Insights - Stagwell has launched the Stagwell Media Platform (SMP), a centralized team aimed at enhancing client advantages through optimized media, technology, and data solutions [1][2][3] - Matt Adams has been appointed as Global CEO of SMP, while Marissa Jimenez will serve as Global Chief Trading and Solutions Officer, effective July 14, 2025 [2][4] - The SMP aims to streamline operations across Stagwell agencies and improve efficiency and outcomes for clients by leveraging scale and technology [3][4] Company Structure and Leadership - Matt Adams will continue his role as Global Chief Operating Officer of Assembly Global while leading SMP [2] - Marissa Jimenez brings 20 years of experience from Dentsu US, where she served as EVP, Commercial, and will report to Adams [2] Strategic Objectives - The SMP is designed to enhance collaboration and efficiency across all Stagwell agencies, utilizing partnerships to optimize media and technology investments [3][4] - The platform offers a suite of solutions that aim to reposition and expand business operations in a consolidating, addressable market [5]