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Standard Motor Products, Inc. Releases Second Quarter 2025 Results and Quarterly Dividend

By PR Newswire | August 05, 2025, 8:30 AM
  • Second quarter net sales of $493.9 million up 26.7%, and up 3.5% excluding Nissens
  • Second quarter adjusted EBITDA margin increased 190 basis points to 12.0%
  • Adjusted Q2 diluted earnings per share of $1.29 increased 31.6% from last year
  • Raising full-year sales guidance to low 20's percent growth range, including Nissens, reflecting strong first half results

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 earnings of $18.0 million or $0.81 per diluted share in the second quarter of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the second quarter of 2025 were $28.9 million or $1.29 per diluted share, compared to $21.7 million or $0.98 per diluted share in the second quarter of 2024. 

Consolidated net sales for the six months ended June 30, 2025, were $907.2 million, compared to consolidated net sales of $721.2 million during the comparable period in 2024. Earnings from continuing operations for the six months ended June 30, 2025, were $40 million or $1.79 per diluted share, compared to $27.8 million or $1.25 per diluted share in the comparable period of 2024. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the six months ended June 30, 2025 and 2024 were $46.9 million or $2.10 per diluted share and $31.7 million or $1.42 per diluted share, respectively. 

Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We are very pleased with our strong second quarter results, especially following our record quarter last year. Sales for the quarter increased nearly 27%, or 3.5% excluding the impact of Nissens Automotive (Nissens). This reflects an ongoing trend, as year-to-date we are up 26%, or 4.1% excluding Nissens. Additionally, adjusted diluted earnings per share grew 31.6% for the quarter and 47.9% for the year."

Segment Highlights

North American Aftermarket Segments

  • Vehicle Control sales rose nearly 7% in the second quarter, continuing the momentum from the first quarter. Strong customer order activity and solid sell-through underscore the non-discretionary nature of our products.



  • Temperature Control sales increased 5.5%, despite a challenging comparison to last year's 28% second-quarter growth. We believe this year's early pre-season orders positioned our customers well for the start of the selling season. Year-to-date, the segment is up 12.3%, building on last year's 15.8% growth for the same period.

Nissens

Our newest segment, Nissens, posted another solid quarter as it contributed sales of $90.5 million, with an adjusted EBITDA margin of 18.0%, ahead of our full-year expectations of mid-teens. Nissens continues to outperform in its markets and is enjoying some of the same weather-related tailwinds as in the U.S. 

Eight months into the acquisition, integration efforts are in full stride with many initiatives tracking ahead of plan. We remain very confident in achieving our initial target of $8-12 million in run-rate cost reduction synergies within 24 months of ownership. Additionally, we have now begun implementing growth synergies, launching over 800 new items in North America.

Engineered Solutions

Sales in the Engineered Solutions segment declined 8.3% year-over-year, reflecting continued softness in certain end markets. While we expect general weakness to continue in the near term, we believe demand has stabilized, and second half comparisons become easier.

Profitability & Balance Sheet

Adjusted EBITDA increased to $59.1 million, up from $39.5 million last year, driven by strong performance in our North American aftermarket segments as well as the $16.3 million contributed from Nissens. Adjusted EBITDA margin climbed 190 basis points to 12.0%, due to the higher rate of Nissens, leverage on the solid sales from our North American aftermarket segments, and ongoing cost containment actions. We remain focused on our cost savings initiatives and continue to look at ways to drive margin improvement going forward. 

From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $577.8 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage declined in the quarter on the strength of our results, and we continue to target getting debt levels to 2.0x Adjusted EBITDA by the end of 2026.

New Distribution Center

During the quarter, we officially opened our new 575,000 square foot state-of-the-art distribution center (DC) in Shawnee, Kansas. This facility increases our total distribution footprint by over 200,000 net square feet, and provides a centralized location that offers coverage across the United States. The Shawnee facility will enhance our overall distribution capabilities and better serve our customers' increasing fulfillment needs. We will be ramping up over the balance of the year and intend to exit the Edwardsville DC by year-end and sell the facility thereafter.

Tariff Impact & Mitigation

On tariffs, we believe our diverse global footprint provides us with a competitive advantage. Over half of our U.S. sales are from North American-made, USMCA-compliant products, which are largely tariff-free. For products sourced from other regions, we are implementing our mitigation plan as previously described, which includes cost containment through cost-sharing with our suppliers, re-sourcing to lower-tariffed countries, and lastly from pass-through pricing to our customers. As there is a timing delay between costs incurred and pass-throughs to customers, we did experience some tariff costs in the second quarter without the offsetting pricing. We expect ongoing costs to be offset with pricing going forward. We continue to monitor the shifting tariff landscape, and plan to implement any changes as necessary.

Updated 2025 Guidance

We are raising our full year sales growth guidance to the low-20's percent range, up from our prior mid-teens expectation, and we reaffirm our adjusted EBITDA margin outlook of 10-11%. Note that our revised guidance now includes the impact of tariffs as they stand as of the end of the second quarter, and includes both pricing and other mitigating actions to offset higher costs. While passing through tariff pricing at our cost creates margin rate compression, we're pleased to see sales growth and other initiatives offset this headwind and allow us to reaffirm EBITDA guidance.

Dividends

The Board of Directors has approved payment of a quarterly dividend of 31 cents per share on the common stock outstanding, which will be paid on September 2, 2025, to stockholders of record on August 15, 2025.

Closing Remarks

In closing, Mr. Sills commented, "The first half of 2025 exceeded our expectations despite the volatile macroeconomic environment. Our North American aftermarket segments delivered the strongest first half in our history, demonstrating the strength of our market position and the resilience of our industry. Nissens continued to deliver an above market growth rate and holds a market leading position in Europe, supported by the same favorable dynamics we see in the North American aftermarket. We are excited about our future path and remain optimistic about our long-term potential, led by growth and savings synergies with Nissens, along with our ongoing efforts to gain efficiencies and savings across our operations. I would like to thank our employees for their hard work and commitment to our continued success."

Conference Call

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Tuesday, August 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 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 listen to the replay by webcast, the link should be active on our website within 24 hours after the call. The playback number is 800-759-0728 (domestic) or 402-220-7229 (international).

Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management's expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company's filings with the Securities and Exchange Commission, including the company's annual report on Form 10-K and quarterly reports on Form 10-Q. By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.

Standard Motor Products, Inc.

Consolidated Statements of Operations





Three Months Ended

June 30,



Six Months Ended

June 30,

(In thousands, except share and per share data, unaudited)

2025



2024



2025



2024

Net sales

$              493,853



$              389,829



$              907,232



$              721,232

Cost of sales

342,964



278,382



631,621



520,263

Gross profit

150,889



111,447



275,611



200,969

Selling, general and administrative expenses

107,520



83,885



207,365



158,618

Restructuring expenses

582



2,559



1,255



2,751

Other income (expense), net

49



(17)



307



5

Operating income

42,836



24,986



67,298



39,605

Other non-operating income, net

1,875



2,199



4,123



3,018

Interest expense

8,295



2,752



16,056



4,819

Earnings from continuing operations before income taxes

36,416



24,433



55,365



37,804

Provision for income taxes

9,821



6,109



14,890



9,451

Earnings from continuing operations

26,595



18,324



40,475



28,353

Loss from discontinued operations, net of income taxes

(1,058)



(917)



(2,197)



(1,956)

Net earnings

25,537



17,407



38,278



26,397

Net earnings attributable to noncontrolling interest

295



344



470



510

Net earnings attributable to SMP

$                25,242



$                17,063



$                37,808



$                25,887

















Net earnings (loss) attributable to SMP















Continuing operations

$                26,300



$                17,980



$                40,005



$                27,843

Discontinued operations

(1,058)



(917)



(2,197)



(1,956)

Net earnings attributable to SMP

$                25,242



$                17,063



$                37,808



$                25,887

















Per common share data















Basic:















Continuing operations

$                    1.20



$                    0.83



$                    1.82



$                    1.27

Discontinued operations

(0.05)



(0.05)



(0.10)



(0.09)

Net earnings attributable to SMP per common share

$                    1.15



$                    0.78



$                    1.72



$                    1.18

















Diluted:















Continuing operations

$                    1.17



$                    0.81



$                    1.79



$                    1.25

Discontinued operations

(0.04)



(0.04)



(0.10)



(0.09)

Net earnings attributable to SMP per common share

$                    1.13



$                    0.77



$                    1.69



$                    1.16

















Dividend declared per common share

$                    0.31



$                    0.29



$                    0.62



$                    0.58

















Weighted average number of common shares, basic

21,984,492



21,767,526



21,935,921



21,845,678

Weighted average number of common shares, diluted

22,423,208



22,185,536



22,359,693



22,277,590

 

Standard Motor Products, Inc.

Segment Revenues





Three Months Ended

June 30,



Six Months Ended

June 30,





(in thousands, unaudited)

2025



2024



2025



2024

Vehicle Control















Engine Management (Ignition, Emissions and Fuel Delivery)

$         128,233



$         115,529



$         246,599



$         231,614

Electrical and Safety

56,828



57,128



115,147



109,535

Wire Sets and Other

16,638



16,084



32,295



33,116

Total Vehicle Control

201,699



188,741



394,041



374,265

















Temperature Control















AC System Components

104,777



99,970



171,968



149,930

Other Thermal Components

26,588



24,511



48,280



46,159

Total Temperature Control

131,365



124,481



220,248



196,089

















Nissens Automotive















Air Conditioning

40,441





67,607



Engine Cooling

35,082





62,855



Engine Efficiency

15,014





26,257



Total Nissens Automotive

90,537





156,719



















Engineered Solutions















Light Vehicle

21,780



24,686



43,184



46,489

Commercial Vehicle

21,836



23,483



40,441



46,391

Construction/Agriculture

9,584



9,473



18,992



19,549

All Other

17,052



18,965



33,607



38,449

Total Engineered Solutions

70,252



76,607



136,224



150,878

















Total

$         493,853



$         389,829



$         907,232



$         721,232

 

Standard Motor Products, Inc

Segment Operating Profit































Three Months Ended

June 30,



Six Months Ended

June 30,







(in thousands, unaudited; percentage of net sales)



2025



2024



2025



2024

Gross Margin

























Vehicle Control



$     60,648

30.1 %



$     59,969

31.8 %



$   122,809

31.2 %



$ 118,868

31.8 %

Temperature Control



42,363

32.2 %



36,609

29.4 %



69,961

31.8 %



56,298

28.7 %

Nissens Automotive



36,815

40.7 %



— %



64,653

41.3 %



— %

Engineered Solutions



12,689

18.1 %



14,869

19.4 %



24,398

17.9 %



25,803

17.1 %

All Other

















        Subtotal



$   152,515

30.9 %



$   111,447

28.6 %



$   281,821

31.1 %



$ 200,969

27.9 %

Acquisition & Integration Expenses



(1,626)

-0.3 %



— %



(6,210)

-0.7 %



— %

        Gross Margin



$   150,889

30.6 %



$   111,447

28.6 %



$   275,611

30.4 %



$ 200,969

27.9 %



























Selling, General & Administrative

























Vehicle Control



$     43,564

21.6 %



$     43,844

23.2 %



$     87,399

22.2 %



$   87,102

23.3 %

Temperature Control



22,840

17.4 %



23,165

18.6 %



42,663

19.4 %



40,765

20.8 %

Nissens Automotive



23,985

26.5 %



— %



44,239

28.2 %



— %

Engineered Solutions



8,718

12.4 %



8,676

11.3 %



17,232

12.6 %



17,367

11.5 %

All Other



7,139





5,789





13,995





10,973



        Subtotal



$   106,246

21.5 %



$     81,474

20.9 %



$   205,528

22.7 %



$ 156,207

21.7 %

Acquisition & Integration Expenses



1,274

0.3 %



2,411

0.6 %



1,837

0.2 %



2,411

0.3 %

        Selling, General & Administrative



$   107,520

21.8 %



$     83,885

21.5 %



$   207,365

22.9 %



$ 158,618

22.0 %



























Operating Income

























Vehicle Control



$     17,084

8.5 %



$     16,125

8.5 %



$     35,410

9.0 %



$   31,766

8.5 %

Temperature Control



19,523

14.9 %



13,444

10.8 %



27,298

12.4 %



15,533

7.9 %

Nissens Automotive



12,830

14.2 %



— %



20,414

13.0 %



— %

Engineered Solutions



3,971

5.7 %



6,193

8.1 %



7,166

5.3 %



8,436

5.6 %

All Other



(7,139)





(5,789)





(13,995)





(10,973)



        Subtotal



$     46,269

9.4 %



$     29,973

7.7 %



$     76,293

8.4 %



$   44,762

6.2 %

Restructuring & Integration



(582)

-0.1 %



(2,559)

-0.7 %



(1,255)

-0.1 %



(2,751)

-0.4 %

Acquisition & Integration Expenses



(2,900)

-0.6 %



(2,411)

-0.6 %



(8,047)

-0.9 %



(2,411)

-0.3 %

Other Income, Net



49

— %



(17)

— %



307

— %



5

— %

        Operating Income



$     42,836

8.7 %



$     24,986

6.4 %



$     67,298

7.4 %



$   39,605

5.5 %

 

Standard Motor Products, Inc











Reconciliation of GAAP and Non-GAAP Measures











(In thousands, except per share amounts, unaudited)



Three Months Ended



Six Months Ended















June 30,



June 30,















2025



2024



2025



2024











Earnings from Continuing Operations Attributable To SMP



























GAAP Earnings from Continuing Operations



$            26,300



$            17,980



$            40,005



$            27,843







































Restructuring Expenses



582



2,559



1,255



2,751











Acquisition & Integration Expenses



2,900



2,411



8,047



2,411











Income Tax Effect Related To Reconciling Items



(906)



(1,292)



(2,419)



(1,342)











Non-GAAP Earnings from Continuing Operations



$            28,876



$            21,658



$            46,888



$            31,663







































Diluted Earnings Per Share from Continuing Operations Attributable to SMP



























GAAP Diluted Earnings Per Share from Continuing Operations



$                1.17



$                0.81



$                1.79



$                1.25











Restructuring Expenses



0.03



0.12



0.06



0.12











Acquisition & Integration Expenses



0.13



0.11



0.36



0.11











Income Tax Effect Related To Reconciling Items



(0.04)



(0.06)



(0.11)



(0.06)











Non-GAAP Diluted Earnings Per Share from Continuing Operations



$                1.29



$                0.98



$                2.10



$                1.42







































Operating Income



























GAAP Operating Income



$            42,836



$            24,986



$            67,298



$            39,605







































Restructuring Expenses



582



2,559



1,255



2,751











Acquisition & Integration Expenses



2,900



2,411



8,047



2,411

Last Twelve Months Ended





Other Income (Expense), Net



(49)



17



(307)



(5)

June 30,



Year Ended

Non-GAAP Operating Income



$            46,269



$            29,973



$            76,293



$            44,762

2025



2024



December 31, 2024





























EBITDA without Special Items



























GAAP Earnings from Continuing Operations Before Taxes



$            36,416



$            24,433



$            55,365



$            37,804

$          91,550



$          77,714



$                 73,989





























Depreciation and Amortization



10,925



7,318



21,192



14,619

37,986



29,512



31,413

Interest Expense



8,295



2,752



16,056



4,819

24,749



10,961



13,512

     EBITDA



55,636



34,503



92,613



57,242

154,285



118,187



118,914





























Restructuring Expenses



582



2,559



1,255



2,751

6,172



4,187



7,668

Acquisition & Integration Expenses



2,900



2,411



8,047



2,411

19,112



2,411



13,476

Special Items



3,482



4,970



9,302



5,162

25,284



6,598



21,144





























EBITDA without Special Items



$            59,118



$            39,473



$          101,915



$            62,404

$        179,569



$        124,785



$               140,058





























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

 

 

Standard Motor Products, Inc

Reconciliation of GAAP and Non-GAAP Measures by Segments





Three Months Ended June 30, 2025

(In thousands, unaudited)



Vehicle

Control



Temperature

Control



Nissens

Automotive



Engineered

Solutions



All Other



Consolidated

Operating Income

























GAAP Operating Income



$     16,540



$           19,536



$        10,034



$          3,954



$       (7,228)



$           42,836



























Restructuring Expenses



479



53





39



11



582

Acquisition & Integration Expenses







2,822





78



2,900

Other (Income) Expense, Net



65



(66)



(26)



(22)





(49)

Non-GAAP Operating Income



$     17,084



$           19,523



$        12,830



$          3,971



$       (7,139)



$           46,269



























EBITDA without Special Items

























GAAP Earnings from Continuing Operations Before Taxes



$     15,449



$           19,602



$          4,653



$          3,988



$       (7,276)



$           36,416



























Depreciation and Amortization



4,070



784



3,325



2,427



319



10,925

Interest Expense



1,546



762



5,513



543



(69)



8,295

EBITDA



21,065



21,148



13,491



6,958



(7,026)



55,636



























Restructuring Expenses



479



53





39



11



582

Acquisition & Integration Expenses







2,822





78



2,900

Special Items



479



53



2,822



39



89



3,482



























EBITDA without Special Items



$     21,544



$           21,201



$        16,313



$        6,997



$       (6,937)



$           59,118

% of Net Sales



10.7 %



16.1 %



18.0 %



10.0 %







12.0 %































Three Months Ended June 30, 2024

(In thousands, unaudited)



Vehicle

Control



Temperature

Control



Nissens

Automotive



Engineered

Solutions



All Other



Consolidated

Operating Income

























GAAP Operating Income



$     15,116



$           13,197



$             —



$          5,812



$       (9,139)



$           24,986



























Restructuring Expenses



1,009



247





364



939



2,559

Acquisition & Integration Expenses











2,411



2,411

Other Income, Net









17





17

Non-GAAP Operating Income



$     16,125



$           13,444



$             —



$          6,193



$       (5,789)



$           29,973



























EBITDA without Special Items

























GAAP Earnings from Continuing Operations Before Taxes



$     13,067



$           13,978



$             —



$          6,529



$       (9,141)



$           24,433



























Depreciation And Amortization



3,606



780





2,463



469



7,318

Interest Expense



1,899



726





706



(579)



2,752

     EBITDA



18,572



15,484





9,698



(9,251)



34,503



























Restructuring Expenses



1,009



247





364



939



2,559

Acquisition & Integration Expenses











2,411



2,411

Special Items



1,009



247





364



3,350



4,970



























EBITDA without Special Items



$     19,581



$         15,731



$             —



$        10,062



$       (5,901)



$           39,473

% of Net Sales



10.4 %



12.6 %



— %



13.1 %







10.1 %



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

 

Standard Motor Products, Inc

Reconciliation of GAAP and Non-GAAP Measures by Segments





Six Months Ended June 30, 2025

(In thousands, unaudited)



Vehicle

Control



Temperature

Control



Nissens

Automotive



Engineered

Solutions



All Other



Consolidated

Operating Income

























GAAP Operating Income



$     34,322



$        27,436



$        12,621



$          7,130



$     (14,211)



$        67,298



























Restructuring Expenses



1,005



189





59



2



1,255

Acquisition & Integration Expenses







7,833





214



8,047

Other (Income) Expense, Net



83



(327)



(40)



(23)





(307)

Non-GAAP Operating Income



$     35,410



$        27,298



$        20,414



$          7,166



$     (13,995)



$        76,293



























EBITDA without Special Items

























GAAP Earnings from Continuing Operations Before Taxes



$     32,495



$        27,550



$          2,502



$          7,419



$     (14,601)



$        55,365



























Depreciation and Amortization



7,739



1,562



6,312



4,927



652



21,192

Interest Expense



2,553



1,301



11,133



1,002



67



16,056

EBITDA



42,787



30,413



19,947



13,348



(13,882)



92,613



























Restructuring Expenses



1,005



189





59



2



1,255

Acquisition & Integration Expenses







7,833





214



8,047

Special Items



1,005



189



7,833



59



216



9,302



























EBITDA without Special Items



$     43,792



$        30,602



$        27,780



$      13,407



$     (13,666)



$      101,915

% of Net Sales



11.1 %



13.9 %



17.7 %



9.8 %







11.2 %































Six Months Ended June 30, 2024

(In thousands, unaudited)



Vehicle

Control



Temperature

Control



Nissens

Automotive



Engineered

Solutions



All Other



Consolidated

Operating Income

























GAAP Operating Income



$     30,656



$        15,228



$             —



$          8,044



$     (14,323)



$        39,605



























Restructuring Expenses



1,110



305





397



939



2,751

Acquisition & Integration Expenses











2,411



2,411

Other Income, Net









(5)





(5)

Non-GAAP Operating Income



$     31,766



$        15,533



$             —



$          8,436



$     (10,973)



$        44,762



























EBITDA without Special Items

























GAAP Earnings from Continuing Operations Before Taxes



$     27,382



$        15,866



$             —



$          8,875



$     (14,319)



$        37,804



























Depreciation And Amortization



7,131



1,678





4,932



878



14,619

Interest Expense



3,326



1,257





1,370



(1,134)



4,819

     EBITDA



37,839



18,801





15,177



(14,575)



57,242



























Restructuring Expenses



1,110



305





397



939



2,751

Acquisition & Integration Expenses











2,411



2,411

Special Items



1,110



305





397



3,350



5,162



























EBITDA without Special Items



$     38,949



$      19,106



$             —



$        15,574



$     (11,225)



$        62,404

% of Net Sales



10.4 %



9.7 %



— %



10.3 %







8.7 %



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

 

Standard Motor Products, Inc

Condensed Consolidated Balance Sheets















(In thousands)



June 2025



June 2024



December 2024





Unaudited



Unaudited





ASSETS

Cash



$                    58,792



$                    26,156



$                     44,426















Accounts Receivable, Gross



335,047



247,989



216,191

Allowance For Expected Credit Losses



7,777



8,672



5,472

Accounts Receivable, Net



327,270



239,317



210,719















Inventories



638,594



508,183



624,913

Unreturned Customer Inventory



18,567



18,119



16,163

Other Current Assets



21,841



24,880



25,703

Total Current Assets



1,065,064



816,655



921,924















Property, Plant And Equipment, Net



183,508



131,921



168,735

Operating Lease Right-of-use Assets



111,731



99,121



109,899

Goodwill



256,266



134,476



241,418

Customer Relationships Intangibles, Net



221,024



72,069



210,430

Other Intangibles, Net



99,326



15,528



90,540

Deferred Income Taxes



15,545



40,287



13,199

Investment In Unconsolidated Affiliates



23,495



25,615



24,842

Other Assets



31,389



38,656



33,139

Total Assets



$              2,007,348



$              1,374,328



$               1,814,126















LIABILITIES AND STOCKHOLDERS' EQUITY

Current Portion Of Revolving Credit Facility



$                    10,000



$                            —



$                     10,800

Current Portion Of Term Loan And Other Debt



20,818



5,030



16,317

Accounts Payable



171,356



105,094



148,009

Accrued Customer Returns



75,207



53,102



46,471

Accrued Core Liability



12,040



16,017



12,807

Accrued Rebates



76,274



54,280



76,168

Payroll And Commissions



38,573



32,404



40,964

Sundry Payables And Accrued Expenses



88,147



66,239



84,936

Total Current Liabilities



492,415



332,166



436,472















Long-term Debt



605,811



203,162



535,197

Noncurrent Operating Lease Liability



99,770



88,820



98,214

Accrued Asbestos Liabilities



30,527



66,357



84,568

Other Liabilities



75,366



29,501



29,593

Total Liabilities



1,303,889



720,006



1,184,044















Total SMP Stockholders' Equity



688,619



640,018



615,745

Noncontrolling Interest



14,840



14,304



14,337

Total Stockholders' Equity



703,459



654,322



630,082















Total Liabilities And Stockholders' Equity



$              2,007,348



$              1,374,328



$               1,814,126

 

Standard Motor Products, Inc

Condensed Consolidated Statements of Cash Flows











Six Months Ended



June 30,

(In thousands, unaudited)

2025



2024

Cash Flows From Operating Activities







Net Earnings

$                38,278



$                26,397

Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities:







Depreciation And Amortization

21,192



14,619

Other

11,798



7,516

Change In Assets And Liabilities:







Accounts Receivable

(108,180)



(81,060)

Inventory

(3,217)



(3,641)

Accounts Payable

17,068



(2,168)

Prepaid Expenses And Other Current Assets

5,816



2,757

Sundry Payables And Accrued Expenses

15,863



29,966

Other

(4,521)



(4,525)

Net Cash Used In Operating Activities

(5,903)



(10,139)









Cash Flows From Investing Activities







Capital Expenditures

(19,295)



(22,941)

Other Investing Activities

2,972



18

Net Cash Used In Investing Activities

(16,323)



(22,923)









Cash Flows From Financing Activities







Net Change In Debt

45,868



51,986

Purchase Of Treasury Stock



(10,409)

Dividends Paid

(13,592)



(12,706)

Other Financing Activities

348



(400)

Net Cash Provided By Financing Activities

32,624



28,471









Effect Of Exchange Rate Changes On Cash

3,968



(1,779)

Net Increase (Decrease) In Cash

14,366



(6,370)

Cash At Beginning Of Period

44,426



32,526

Cash At End Of Period

$                58,792



$                26,156

 

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SOURCE Standard Motor Products, Inc.

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