Standard Motor Products : Q1 2026 Earnings Call Presentation

Published: 2026-04-30 11:35:32 ET SMP

Published on 04/30/2026 at 11:35 am EDT

Standard Motor Products, Inc.

1st Quarter 2026

Earnings Call | April 30, 2026

Agenda

Welcome & Introduction Tony Cristello, VP Investor Relations

Overview & Market Trends Eric Sills, CEO

Financial Results & Balance Sheet Nathan Iles, CFO

Final Comments Eric Sills, CEO

Q&A All

(In millions) THREE MONTHS ENDED

2026

2025

Vehicle Control

Revenue

$ 213.8

$ 192.3

Gross Margin

68.2

31.9 %

62.2

32.3 %

Selling, General & Administrative

40.9

19.1 %

37.4

19.5 %

Factoring Expenses

7.1

3.3%

6.4

3.3%

Operating Income

$ 20.2

9.4%

$ 18.3

9.5%

Adjusted EBITDA $ 24.3

11.4 %

$ 22.2

11.6 %

Temperature Control

Revenue $ 89.5

$ 88.9

Gross Margin

28.7

32.0 %

27.6

31.0 %

Selling, General & Administrative

16.1

17.9 %

16.9

19.0 %

Factoring Expenses

2.0

2.3%

2.9

3.3%

Operating Income

$ 10.6

11.8 %

$ 7.8

8.7%

Adjusted EBITDA

$

12.0

13.4 %

$

9.4

10.6 %

(1) All operating results provided except for revenues are on a non-GAAP basis. See financial statements in earnings release for reconciliation of GAAP to

non-GAAP earnings.

(In millions) THREE MONTHS ENDED

2026

2025

Nissens Automotive

Revenue

$ 74.4

$ 66.2

Gross Margin

32.1

43.1%

27.8

42.1 %

Selling, General & Administrative

24.2

32.5%

20.3

30.6 %

Operating Income

$ 7.9

10.6%

$ 7.6

11.5 %

Adjusted EBITDA

$

9.3

12.5%

$

11.5

17.3 %

Engineered Solutions

Revenue $ 74.3 $ 66.0

Gross Margin

10.3

13.8%

11.7

17.7 %

Selling, General & Administrative

8.6

11.5 %

8.5

12.9 %

Operating Income

$ 1.7

2.3%

$ 3.2

4.8%

Adjusted EBITDA

$

5.1

6.9%

$

6.4

9.7%

(1) All operating results provided except for revenues are on a non-GAAP basis. See financial statements in

earnings release for reconciliation of GAAP to non-GAAP earnings.

Q1 P&L Summary - Consolidated(1)

(In millions, except per share amounts) THREE MONTHS ENDED

2026

2025

Consolidated Results

Revenue

$ 451.2

$ 413.4

Gross Margin

139.2

30.8 %

129.3

31.3 %

Selling, General & Administrative

95.7

21.2 %

90.0

21.8 %

Factoring Expenses

9.1

2.0%

9.3

2.2%

Operating Income

$ 34.3

7.6%

$ 30.0

7.3%

Net Earnings from Continuing Operations

$ 18.6

$ 18.0

Adjusted EBITDA

$ 44.5

9.9%

$ 42.8

10.4 %

Interest Expense

$ 7.5

$ 7.8

Diluted Earnings per Share

$ 0.82

$ 0.81

(1) All operating results provided except for revenues are on a non-GAAP basis. See financial statements in earnings release for

reconciliation of GAAP to non-GAAP earnings.

(In millions)

MARCH 31,

DECEMBER 31,

2026

2025

2025

Working Capital Stats

Accounts Receivable, Net

$

313.0

$

280.8

$

232.0

Inventories

$

726.3

$

658.7

$

727.9

Cash Flow Stats (YTD)

Operating cash flows

$

(41.9)

$

(60.2)

$

57.4

Capex

$

(6.7)

$

(9.1)

$

(38.7)

Dividends

$

(7.3)

$

(6.8)

$

(27.3)

Net Change in Debt

$

44.0

$

79.1

$

27.7

Debt & Leverage

Total debt

$

658.6

$

650.6

$

618.7

Cash

$ 59.2

$ 50.3

$ 72.0

Net debt

$

599.4

$

600.3

$

546.7

LTM Adjusted EBITDA

Leverage ratio

$

202.6

3.0x

$

159.9

3.8x

$

200.9

2.7x

Remaining borrowing capacity

$

87.2

$

108.5

$

137.0

Total Liquidity

$

146.4

$

158.8

$

209.0

Balance Sheet & Cash Flow Highlights

2026 Guidance

Sales Growth Low to mid single digits

Adjusted EBITDA % 11% to 12%

Interest Expense Approximately $30 million

Income Tax Rate Approximately 27.5% to 28%

Depreciation & Amortization $45 to $50 million

Total Operating Expenses Approximately $106 to $114 million per quarter

*Guidance excludes the impact of ongoing changes in the tariff landscape, or any significant inflationary impact from the conflict in the Middle East.

Q&A Session

Appendix

(In thousands, except per share amounts; unaudited) THREE MONTHS ENDED

2026 2025

Earnings from Continuing Operations Attributable To SMP

GAAP Earnings from Continuing Operations $ 18,321 $ 13,705

Restructuring Expenses 366 673

Acquisition & Integration Expenses 2 5,147

Income Tax Effect Related To Reconciling Items

(96)

(1,513)

Non-GAAP Earnings from Continuing Operations

$ 18,593

$ 18,012

Diluted Earnings Per Share from Continuing Operations Attributable to SMP

GAAP Diluted Earnings Per Share from Continuing Operations

$ 0.81

$ 0.61

Restructuring Expenses

0.01

0.03

Acquisition & Integration Expenses

-

0.23

Income Tax Effect Related To Reconciling Items

-

(0.06)

Non-GAAP Diluted Earnings Per Share from Continuing Operations

$ 0.82

$ 0.81

(In thousands; unaudited) THREE MONTHS ENDED

2026

2025

Operating Income

GAAP Operating Income

$ 34,093

$ 24,462

Restructuring Expenses

366

673

Acquisition & Integration Expenses

2

5,147

Other Income, Net

(123)

(258)

LAST TWELVE MONTHS ENDED

MARCH 31,

YEAR ENDED

DECEMBER 31,

Non-GAAP Operating Income

$ 34,338

$ 30,024

2026

2025

2025

EBITDA without Special Items

GAAP Earnings from Continuing Operations Before Taxes

$ 25,296

$ 18,949

$ 116,870

$ 79,567

$ 110,523

Depreciation and Amortization

11,315

10,267

44,896

34,379

43,848

Interest Expense

7,518

7,761

31,096

19,206

31,339

EBITDA

44,129

36,977

192,862

133,152

185,710

Restructuring Expenses

366

673

2,273

8,149

2,580

Acquisition & Integration Expenses

2

5,147

3,438

18,623

8,583

Customer Program Wind Down

-

-

4,067

-

4,067

Special Items

368

5,820

9,778

26,772

15,230

EBITDA without Special Items

44,497

42,797

202,640

159,924

200,940

Management believes that Non-GAAP earnings from continuing operations and Non-GAAP diluted earnings per share from continuing operations which are attributable to SMP, and Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.

(In thousands, unaudited)

Temperature

Nissens

Engineered

Vehicle Control

Control

Automotive

Solutions

All Other

Consolidated

Operating Income

GAAP Operating Income (Loss)

$

19,613

$

10,843

$

7,873

$

1,822

$

(6,058)

$

34,093

Restructuring Expenses

272

70

-

24

-

366

Acquisition & Integration Expenses

-

-

2

-

-

2

Other (Income) Expense, Net

319

(320)

(5)

(117)

-

(123)

Non-GAAP Operating Income (Loss)

$ 20,204

$ 10,593

$

7,870

$

1,729

$

(6,058)

$ 34,338

EBITDA without Special Items

GAAP Earnings (Loss) from Continuing Operations Before Taxes

17,877

10,393

1,361

1,937

(6,272)

25,296

Depreciation and Amortization

4,297

808

3,266

2,594

350

11,315

Interest Expense

1,864 738

4,647 567 (298)

7,518

EBITDA

24,038 11,939 9,274 5,098 (6,220)

44,129

Restructuring Expenses

272

70

-

24

-

366

Acquisition & Integration Expenses

- - 2 - -

2

Special Items

272 70 2 24 - 368

EBITDA without Special Items

$ 24,310 $ 12,009 $

9,276 $

5,122 $

(6,220) $ 44,497

% of Net Sales

11.4 %

13.4 %

12.5 %

6.9 %

9.9 %

(In thousands, unaudited)

Vehicle Control

Temperature Control

Nissens Automotive

Engineered

Solutions All Other Consolidated

Operating Income

GAAP Operating Income (Loss)

$ 17,782

$ 7,900

$ 2,587

$ 3,176

$ (6,983)

$ 24,462

Restructuring Expenses

526

136

-

20

(9)

673

Acquisition & Integration Expenses

-

-

5,011

-

136

5,147

Other (Income) Expense, Net

18

(261)

(14)

(1)

-

(258)

Non-GAAP Operating Income (Loss)

$ 18,326

$ 7,775

$ 7,584

$ 3,195

$ (6,856)

$ 30,024

EBITDA without Special Items

GAAP Earnings (Loss) from Continuing Operations Before Taxes

17,046

7,948

(2,151)

3,431

(7,325)

18,949

Depreciation And Amortization

3,669

778

2,987

2,500

333

10,267

Interest Expense

1,007

539 5,620 459 136

7,761

EBITDA

21,722

9,265 6,456 6,390 (6,856)

36,977

Restructuring Expenses

526

136

-

20

(9)

673

Acquisition & Integration Expenses

- - 5,011 - 136

5,147

Special Items

526 136 5,011 20 127

5,820

EBITDA without Special Items

$ 22,248 $

9,401 $

11,467 $

6,410 $

(6,729)

$ 42,797

% of Net Sales

11.6 %

10.6 %

17.3 %

9.7 %

10.4 %

Management believes that Non-GAAP operating income and EBITDA without special items, each of which are Non-GAAP measurements and are adjusted for special items, are meaningful to investors because they provide a view of the company with respect to ongoing operating results. Special items represent significant charges or credits that are important to an understanding of the company's overall operating results in the periods presented. Such Non-GAAP measurements are not recognized in accordance with generally accepted accounting principles and should not be viewed as an alternative to GAAP measures of performance.

Disclaimer

Standard Motor Products Inc. published this content on April 30, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 30, 2026 at 15:34 UTC.