SMP(US:SMP)2025-10-31 13:12Financial Performance - Net sales for Q3 2025 were $498.8 million, a 24.9% increase from $399.3 million in Q3 2024[3] - Adjusted Q3 diluted earnings per share were $1.36, up 6.3% from $1.28 in Q3 2024[5] - Year-to-date consolidated net sales reached $1.41 billion, compared to $1.12 billion in the same period of 2024, marking a 25.8% increase[6] - Total revenue for the three months ended September 30, 2025, was $498.8 million, a 25% increase compared to $399.3 million in the same period of 2024[28] - Total revenue for the nine months ended September 30, 2025, reached $1.41 billion, a 25.5% increase from $1.12 billion in the same period of 2024[28] Segment Performance - Nissens segment contributed $84.5 million in sales with an adjusted EBITDA margin of 16.8%[10] - Vehicle Control sales decreased by 1.6% in Q3 due to a challenging comparison and market softness[8] - Vehicle Control segment generated $197.7 million in revenue for Q3 2025, slightly down from $200.9 million in Q3 2024, while Temperature Control segment revenue increased to $144.7 million from $126.0 million[28] - Temperature Control sales increased by 14.8% year-to-date, building on last year's growth[9] - The Engineered Solutions segment saw a revenue decrease to $72.2 million in Q3 2025 from $72.4 million in Q3 2024, with a gross margin of 17.8%[31] Profitability Metrics - Adjusted EBITDA for Q3 increased to $61.7 million, up from $48.7 million in the previous year[13] - Operating income for the three months ended September 30, 2025, was $47.6 million, representing a 9.5% margin, compared to $37.1 million and a 9.3% margin in Q3 2024[31] - GAAP earnings from continuing operations for Q3 2025 were $29,837,000, compared to $26,581,000 in Q3 2024, representing an increase of 8.5%[33] - Non-GAAP diluted earnings per share from continuing operations for Q3 2025 were $1.36, up from $1.28 in Q3 2024, reflecting a growth of 6.3%[33] - GAAP operating income for Q3 2025 was $47,636,000, compared to $37,139,000 in Q3 2024, indicating a significant increase of 28.2%[36] Expenses and Costs - Selling, General & Administrative expenses as a percentage of net sales were 22.7% for Q3 2025, up from 20.3% in Q3 2024, indicating increased operational costs[31] - The company reported acquisition expenses of $299,000 in Q3 2025, compared to a gain of $1 million in Q3 2024, impacting overall profitability[31] - The company incurred restructuring expenses of $782,000 in Q3 2025, down from $3,023,000 in Q3 2024, showing a reduction of 74.1%[36] - Acquisition and integration expenses for Q3 2025 were $299,000, compared to a negative $207,000 in Q3 2024, indicating a shift in expense management[33] - Restructuring Expenses for the nine months ended September 30, 2025, totaled $5,774,000, compared to $2,037,000 in 2024, indicating an increase of approximately 184%[38] Balance Sheet and Cash Flow - Total Assets increased to $2,027,539,000 as of September 2025, up from $1,350,541,000 in September 2024, representing an increase of approximately 50%[40] - Cash at the end of the period rose to $87,201,000 in September 2025, compared to $26,348,000 in September 2024, marking a significant increase of over 230%[43] - Net Cash Provided by Operating Activities for the nine months ended September 30, 2025, was $85,681,000, compared to $78,200,000 in 2024, showing an increase of about 9%[43] - Long-term Debt increased to $538,639,000 in September 2025, compared to $140,163,000 in September 2024, representing a significant rise of approximately 284%[41] - Total Current Assets reached $1,083,726,000 in September 2025, up from $793,209,000 in September 2024, indicating an increase of about 37%[40] Future Outlook - The company raised its full-year sales growth guidance to the low-to-mid 20's percent range, reflecting strong year-to-date results[4] - Future outlook remains positive with continued focus on expanding the Temperature Control and Nissens Automotive segments, aiming for further revenue growth in the upcoming quarters[31]