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

Third quarter net sales of $498.8 million up 24.9%, and up 3.8% excluding Nissens Adjusted Q3 and year-to-date non-GAAP diluted earnings per share of $1.36 and $3.45 increased 6.3% and 27.8% from last year, respectively Raising full-year sales guidance to low-to-mid 20's percent growth range, including Nissens, and tightening adjusted EBITDA margin outlook to 10.5% - 11% reflecting strong year-to-date results , /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and nine months ended September 30, 2025. Net sales for the third quarter of 2025 were $498.8 million, compared to consolidated net sales of $399.3 million during the same quarter in 2024. Earnings from continuing operations for the third quarter of 2025 were $29.8 million or $1.32 per diluted share, compared to earnings of $26.6 million or $1.20 per diluted share in the third 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 third quarter of 2025 were $30.6 million or $1.36 per diluted share, compared to $28.3 million or $1.28 per diluted share in the third quarter of 2024. Consolidated net sales for the nine months ended September 30, 2025, were $1.41 billion, compared to consolidated net sales of $1.12 billion during the comparable period in 2024. Earnings from continuing operations for the nine months ended September 30, 2025, were $69.8 million or $3.11 per diluted share, compared to $54.4 million or $2.45 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 nine months ended September 30, 2025 and 2024 were $77.5 million or $3.45 per diluted share and $59.9 million or $2.70 per diluted share, respectively. Mr. Eric Sills, Standard Motor Products' Chairman and Chief Executive Officer stated, "We are very pleased with our solid third quarter results, especially following our record quarter last year. Sales for the quarter increased nearly 25%, or 3.8% excluding the impact of Nissens Automotive (Nissens). This reflects an ongoing trend, as year-to-date we are up 25.5%, or 4.0% excluding Nissens. Additionally, adjusted non-GAAP diluted earnings per share grew 6.3% for the quarter and 27.8% for the year." Third Quarter Highlights: North American Aftermarket Segments Vehicle Control sales were down 1.6% in the third quarter, against a difficult comparison, and impacted by softness in the wire category which is in secular decline. Customer POS was positive in the quarter, a continuation of the strong sell-through trend we have seen all year, underscoring the non-discretionary nature of our products. Year-to-date, we are up 2.9% in the segment. Temperature Control sales increased 14.8%, a continuation of the strong sales pattern experienced throughout the year. We believe our customers were able to expand share, aided by this year's early pre-season orders which positioned them well for the start of the selling season. Year-to-date, the segment is up 13.3%, building on last year's 9.9% growth for the same period last year. Nissens Our newest segment, Nissens, posted another solid quarter as it contributed sales of $84.5 million, with an adjusted EBITDA margin of 16.8%, in line with our full-year expectations of mid-teens. Nissens continues to outperform in its markets, executing on its value proposition and gaining share, and is enjoying the benefits of some favorable currency translation. Nearing our first full year of ownership, we are ahead of plan and very pleased with our synergy and integration efforts to date and have begun planning our next wave of initiatives, including capitalizing on each other's strengths to launch new product categories. Engineered SolutionsSales in the Engineered Solutions segment were essentially flat in the quarter, reflecting a leveling off in certain end markets. While it is difficult to predict when a general end-market rebound may occur, we believe demand has stabilized, and along with easier comparisons moving forward, we expect more steady performance for the segment. Profitability & Balance SheetAdjusted EBITDA for the quarter increased to $61.7 million, up from $48.7 million last year, driven by strong performance in our Temperature Control segment, as well as the $14.2 million contributed from Nissens, partially offset by the impact of lower sales volume in the Vehicle Control segment. On a year-to-date basis, adjusted EBITDA increased to $163.6 million up from $111.1 million in the same period last year, again driven by strong performance in our Temperature Control segment, as well as the $42.0 million contributed from Nissens that resulted in an adjusted EBITDA margin improvement of 170 basis points to 11.6%. From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $502.3 million, primarily reflecting additional borrowings related to our Nissens acquisition and seasonal working capital build. Our debt leverage declined from 3.2x to 2.6x in the quarter on the strength of our results, and we continue to target reducing debt levels to 2.0x adjusted EBITDA by the end of 2026. Tariff Impact & MitigationOn 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 from pass-through pricing to our customers. Beginning in the third quarter of 2025, our ongoing tariff costs were generally offset with pricing, and we expect this offset to continue going forward. We are hopeful that we are nearing a more stabilized environment. We continue to monitor the shifting tariff landscape and plan to implement any changes as necessary. Updated 2025 GuidanceWe are raising our full year sales growth guidance to the low-to-mid 20's percent range (from the low 20's percent range) and are tightening our adjusted EBITDA margin outlook to 10.5% - 11% (from a prior range of 10% - 11%). As a reminder, we acquired Nissens on November 1, 2024, and as such the sales growth guidance includes a partial quarter of ownership in the comparable sales. Also note that our revised guidance now includes the impact of tariffs as they stand as of the end of the third 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 raise our EBITDA guidance. DividendsThe 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 December 1, 2025, to stockholders of record on November 14, 2025. Closing RemarksIn closing, Mr. Sills commented, "This has been a strong year for SMP despite volatility related to tariffs, geopolitical issues and an uncertain macroeconomic environment. Demand for our North American aftermarket products remains solid as our customers continue to partner with us to service the aging fleet on the road today. We are investing in our business model to expand our position globally, capitalizing on complementary strengths with Nissens to expand on both sides of the ocean. We will continue to find ways to grow, improve profitability and deliver increased shareholder value, and as such are optimistic about our future. 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 Friday, October 31, 2025. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q3'25 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-579-2543 (domestic) or 785-424-1789 (international). The conference call ID code is SMP3Q2025. 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 800-934-8340 (domestic) or 402-220-6993 (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 September 30, Nine Months Ended September 30, (In thousands, except share and per share data, unaudited) 2025 2024 2025 2024 Net sales $ 498,836 $ 399,265 $ 1,406,068 $ 1,120,497 Cost of sales 337,042 277,899 968,663 798,162 Gross profit 161,794 121,366 437,405 322,335 Selling, general and administrative expenses 113,388 81,204 320,753 239,822 Restructuring expenses 782 3,023 2,037 5,774 Other income, net 12 — 319 5 Operating income 47,636 37,139 114,934 76,744 Other non-operating income, net 1,734 2,129 5,857 5,147 Interest expense 7,394 3,145 23,450 7,964 Earnings from continuing operations before income taxes 41,976 36,123 97,341 73,927 Provision for income taxes 11,977 9,267 26,867 18,718 Earnings from continuing operations 29,999 26,856 70,474 55,209 Loss from discontinued operations, net of income taxes (34,172) (22,771) (36,369) (24,727) Net earnings (loss) (4,173) 4,085 34,105 30,482 Net earnings attributable to noncontrolling interest 162 275 632 785 Net earnings (loss) attributable to SMP $ (4,335) $ 3,810 $ 33,473 $ 29,697 Net earnings (loss) attributable to SMP Continuing operations $ 29,837 $ 26,581 $ 69,842 $ 54,424 Discontinued operations (34,172) (22,771) (36,369) (24,727) Net earnings (loss) attributable to SMP $ (4,335) $ 3,810 $ 33,473 $ 29,697 Per common share data Basic: Continuing operations $ 1.36 $ 1.22 $ 3.18 $ 2.50 Discontinued operations (1.56) (1.04) (1.66) (1.14) Net earnings (loss) attributable to SMP per common share $ (0.20) $ 0.18 $ 1.52 $ 1.36 Diluted: Continuing operations $ 1.32 $ 1.20 $ 3.11 $ 2.45 Discontinued operations (1.51) (1.03) (1.62) (1.11) Net earnings (loss) attributable to SMP per common share $ (0.19) $ 0.17 $ 1.49 $ 1.34 Dividend declared per common share $ 0.31 $ 0.29 $ 0.93 $ 0.87 Weighted average number of common shares, basic 21,991,194 21,716,083 21,954,548 21,802,164 Weighted average number of common shares, diluted 22,571,304 22,154,222 22,439,082 22,225,444 Standard Motor Products, Inc. Segment Revenues Three Months Ended September 30, Nine Months Ended September 30, (in thousands, unaudited) 2025 2024 2025 2024 Vehicle Control Engine Management (Ignition, Emissions and Fuel Delivery) $ 121,420 $ 121,432 $ 368,019 $ 353,046 Electrical and Safety 63,192 63,237 178,339 172,772 Wire Sets and Other 13,070 16,208 45,365 49,324 Total Vehicle Control 197,682 200,877 591,723 575,142 Temperature Control AC System Components 114,033 95,698 286,001 245,628 Other Thermal Components 30,624 30,287 78,904 76,446 Total Temperature Control 144,657 125,985 364,905 322,074 Nissens Automotive Air Conditioning 36,409 — 104,016 — Engine Cooling 32,168 — 95,023 — Engine Efficiency 15,960 — 42,217 — Total Nissens Automotive 84,537 — 241,256 — Engineered Solutions Light Vehicle 21,977 24,287 65,161 70,776 Commercial Vehicle 21,111 22,625 61,552 69,016 Construction/Agriculture 8,863 8,082 27,855 27,631 All Other 20,247 17,409 53,854 55,858 Total Engineered Solutions 72,198 72,403 208,422 223,281 Other (238) — (238) — Total $ 498,836 $ 399,265 $ 1,406,068 $ 1,120,497 Standard Motor Products, Inc Segment Operating Profit Three Months Ended September 30, Nine Months Ended September 30, (in thousands, unaudited; percentage of net sales) 2025 2024 2025 2024 Gross Margin Vehicle Control $ 62,166 31.4 % $ 65,652 32.7 % $ 184,975 31.3 % $ 184,520 32.1 % Temperature Control 51,946 35.9 % 42,323 33.6 % 121,907 33.4 % 98,621 30.6 % Nissens Automotive 34,827 41.2 % — — % 99,480 41.2 % — — % Engineered Solutions 12,855 17.8 % 13,391 18.5 % 37,253 17.9 % 39,194 17.6 % All Other — — — — Subtotal $ 161,794 32.4 % $ 121,366 30.4 % $ 443,615 31.6 % $ 322,335 28.8 % Acquisition Expenses — — % — — % (6,210) -0.4 % — — % Gross Margin $ 161,794 32.4 % $ 121,366 30.4 % $ 437,405 31.1 % $ 322,335 28.8 % Selling, General & Administrative Vehicle Control $ 46,277 23.4 % $ 43,021 21.4 % $ 133,676 22.6 % $ 130,123 22.6 % Temperature Control 25,196 17.4 % 25,876 20.5 % 67,859 18.6 % 66,641 20.7 % Nissens Automotive 24,018 28.4 % — — % 68,257 28.3 % — — % Engineered Solutions 8,754 12.1 % 8,124 11.2 % 25,986 12.5 % 25,491 11.4 % All Other 8,844 5,190 22,839 16,163 Subtotal $ 113,089 22.7 % $ 82,211 20.6 % $ 318,617 22.7 % $ 238,418 21.3 % Acquisition Expenses 299 0.1 % (1,007) -0.3 % 2,136 0.2 % 1,404 0.1 % Selling, General & Administrative $ 113,388 22.7 % $ 81,204 20.3 % $ 320,753 22.8 % $ 239,822 21.4 % Operating Income Vehicle Control $ 15,889 8.0 % $ 22,631 11.3 % $ 51,299 8.7 % $ 54,397 9.5 % Temperature Control 26,750 18.5 % 16,447 13.1 % 54,048 14.8 % 31,980 9.9 % Nissens Automotive 10,809 12.8 % — — % 31,223 12.9 % — — % Engineered Solutions 4,101 5.7 % 5,267 7.3 % 11,267 5.4 % 13,703 6.1 % All Other (8,844) (5,190) (22,839) (16,163) Subtotal $ 48,705 9.8 % $ 39,155 9.8 % $ 124,998 8.9 % $ 83,917 7.5 % Restructuring (782) -0.2 % (3,023) -0.8 % (2,037) -0.1 % (5,774) -0.5 % Acquisition & Integration Expenses (299) -0.1 % 1,007 0.3 % (8,346) -0.6 % (1,404) -0.1 % Other Income, Net 12 — % — — % 319 — % 5 — % Operating Income $ 47,636 9.5 % $ 37,139 9.3 % $ 114,934 8.2 % $ 76,744 6.8 % Standard Motor Products, Inc Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts, unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 Earnings from Continuing Operations Attributable To SMP GAAP Earnings from Continuing Operations $ 29,837 $ 26,581 $ 69,842 $ 54,424 Restructuring Expenses 782 3,023 2,037 5,774 Acquisition & Integration Expenses 299 (207) 8,346 2,204 Certain Tax Credits And Production Deductions Finalized In Period — (380) — (380) Income Tax Effect Related To Reconciling Items (281) (732) (2,700) (2,074) Non-GAAP Earnings from Continuing Operations $ 30,637 $ 28,285 $ 77,525 $ 59,948 Diluted Earnings Per Share from Continuing Operations Attributable to SMP GAAP Diluted Earnings Per Share from Continuing Operations $ 1.32 $ 1.20 $ 3.11 $ 2.45 Restructuring Expenses 0.04 0.14 0.09 0.26 Acquisition & Integration Expenses 0.01 (0.01) 0.37 0.10 Certain Tax Credits And Production Deductions Finalized In Period — (0.02) — (0.02) Income Tax Effect Related To Reconciling Items (0.01) (0.03) (0.12) (0.09) Non-GAAP Diluted Earnings Per Share from Continuing Operations $ 1.36 $ 1.28 $ 3.45 $ 2.70 Operating Income GAAP Operating Income $ 47,636 $ 37,139 $ 114,934 $ 76,744 Restructuring Expenses 782 3,023 2,037 5,774 Acquisition & Integration Expenses 299 (1,007) 8,346 1,404 Last Twelve Months Ended Other Income, Net (12) — (319) (5) September 30, Year Ended Non-GAAP Operating Income $ 48,705 $ 39,155 $ 124,998 $ 83,917 2025 2024 December 31, 2024 EBITDA without Special Items GAAP Earnings from Continuing Operations Before Taxes $ 41,976 $ 36,123 $ 97,341 $ 73,927 $ 97,403 $ 80,920 $ 73,989 Depreciation and Amortization 11,201 7,389 32,393 22,008 41,798 29,569 31,413 Interest Expense 7,394 3,145 23,450 7,964 28,998 10,485 13,512 EBITDA 60,571 46,657 153,184 103,899 168,199 120,974 118,914 Restructuring Expenses 782 3,023 2,037 5,774 3,931 7,033 7,668 Acquisition & Integration Expenses 299 (1,007) 8,346 1,404 20,418 1,404 13,476 Special Items 1,081 2,016 10,383 7,178 24,349 8,437 21,144 EBITDA without Special Items $ 61,652 $ 48,673 $ 163,567 $ 111,077 $ 192,548 $ 129,411 $ 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 September 30, 2025 (In thousands, unaudited) Vehicle Control TemperatureControl Nissens Automotive Engineered Solutions All Other Consolidated Operating Income GAAP Operating Income $ 15,135 $ 26,734 $ 10,811 $ 4,055 $ (9,099) $ 47,636 Restructuring Expenses 735 1 — 46 — 782 Acquisition & Integration Expenses — — 44 — 255 299 Other (Income) Expense, Net 19 15 (45) (1) — (12) Non-GAAP Operating Income $ 15,889 $ 26,750 $ 10,810 $ 4,100 $ (8,844) $ 48,705 EBITDA without Special Items GAAP Earnings from Continuing OperationsBefore Taxes $ 14,253 $ 27,123 $ 5,540 $ 4,239 $ (9,179) $ 41,976 Depreciation and Amortization 4,174 785 3,333 2,574 335 11,201 Interest Expense 1,267 587 5,322 515 (297) 7,394 EBITDA 19,694 28,495 14,195 7,328 (9,141) 60,571 Restructuring Expenses 735 1 — 46 — 782 Acquisition & Integration Expenses — — 44 — 255 299 Special Items 735 1 44 46 255 1,081 EBITDA without Special Items $ 20,429 $ 28,496 $ 14,239 $ 7,374 $ (8,886) $ 61,652 % of Net Sales 10.3 % 19.7 % 16.8 % 10.2 % 12.4 % Three Months Ended September 30, 2024 (In thousands, unaudited) Vehicle Control Temperature Control Nissens Automotive Engineered Solutions All Other Consolidated Operating Income GAAP Operating Income $ 21,029 $ 16,074 $ — $ 5,010 $ (4,974) $ 37,139 Restructuring Expenses 1,602 373 — 257 791 3,023 Acquisition & Integration Expenses — — — — (1,007) (1,007) Other Income, Net — — — — — — Non-GAAP Operating Income $ 22,631 $ 16,447 $ — $ 5,267 $ (5,190) $ 39,155 EBITDA without Special Items GAAP Earnings from Continuing OperationsBefore Taxes $ 18,844 $ 16,530 $ — $ 5,607 $ (4,858) $ 36,123 Depreciation And Amortization 3,850 802 — 2,308 429 7,389 Interest Expense 2,166 791 — 434 (246) 3,145 EBITDA 24,860 18,123 — 8,349 (4,675) 46,657 Restructuring Expenses 1,602 373 — 257 791 3,023 Acquisition & Integration Expenses — — — — (1,007) (1,007) Special Items 1,602 373 — 257 (216) 2,016 EBITDA without Special Items $ 26,462 $ 18,496 $ — $ 8,606 $ (4,891) $ 48,673 % of Net Sales 13.2 % 14.7 % 11.9 % 12.2 % 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 Nine Months Ended September 30, 2025 (In thousands, unaudited) Vehicle Control TemperatureControl Nissens Automotive Engineered Solutions All Other Consolidated Operating Income GAAP Operating Income $ 49,457 $ 54,170 $ 23,432 $ 11,185 $ (23,310) $ 114,934 Restructuring Expenses 1,740 190 — 105 2 2,037 Acquisition & Integration Expenses — — 7,877 — 469 8,346 Other (Income) Expense, Net 102 (312) (85) (24) — (319) Non-GAAP Operating Income $ 51,299 $ 54,048 $ 31,224 $ 11,266 $ (22,839) $ 124,998 EBITDA without Special Items GAAP Earnings from Continuing Operations Before Taxes $ 46,748 $ 54,673 $ 8,042 $ 11,658 $ (23,780) $ 97,341 Depreciation and Amortization 11,913 2,347 9,645 7,501 987 32,393 Interest Expense 3,820 1,888 16,455 1,517 (230) 23,450 EBITDA 62,481 58,908 34,142 20,676 (23,023) 153,184 Restructuring Expenses 1,740 190 — 105 2 2,037 Acquisition & Integration Expenses — — 7,877 — 469 8,346 Special Items 1,740 190 7,877 105 471 10,383 EBITDA without Special Items $ 64,221 $ 59,098 $ 42,019 $ 20,781 $ (22,552) $ 163,567 % of Net Sales 10.9 % 16.2 % 17.4 % 10.0 % 11.6 % Nine Months Ended September 30, 2024 (In thousands, unaudited) Vehicle Control TemperatureControl Nissens Automotive Engineered Solutions All Other Consolidated Operating Income GAAP Operating Income $ 51,685 $ 31,302 $ — $ 13,054 $ (19,297) $ 76,744 Restructuring Expenses 2,712 678 — 654 1,730 5,774 Acquisition & Integration Expenses — — — — 1,404 1,404 Other Income, Net — — — (5) — (5) Non-GAAP Operating Income $ 54,397 $ 31,980 $ — $ 13,703 $ (16,163) $ 83,917 EBITDA without Special Items GAAP Earnings from Continuing OperationsBefore Taxes $ 46,226 $ 32,396 $ — $ 14,482 $ (19,177) $ 73,927 Depreciation And Amortization 10,981 2,480 — 7,240 1,307 22,008 Interest Expense 5,492 2,048 — 1,804 (1,380) 7,964 EBITDA 62,699 36,924 — 23,526 (19,250) 103,899 Restructuring Expenses 2,712 678 — 654 1,730 5,774 Acquisition & Integration Expenses — — — — 1,404 1,404 Special Items 2,712 678 — 654 3,134 7,178 EBITDA without Special Items $ 65,411 $ 37,602 $ — $ 24,180 $ (16,116) $ 111,077 % of Net Sales 11.4 % 11.7 % — % 10.8 % 9.9 % 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) September 2025 September 2024 December 2024 Unaudited Unaudited ASSETS Cash $ 87,201 $ 26,348 $ 44,426 Accounts Receivable, Gross 304,599 225,827 216,191 Allowance For Expected Credit Losses 8,370 8,697 5,472 Accounts Receivable, Net 296,229 217,130 210,719 Inventories 656,777 503,015 624,913 Unreturned Customer Inventory 20,052 17,843 16,163 Other Current Assets 23,467 28,873 25,703 Total Current Assets 1,083,726 793,209 921,924 Property, Plant And Equipment, Net 187,333 138,490 168,735 Operating Lease Right-of-use Assets 107,789 96,039 109,899 Goodwill 256,152 134,725 241,418 Customer Relationships Intangibles, Net 216,480 — 210,430 Other Intangibles, Net 98,688 85,837 90,540 Deferred Income Taxes 19,611 45,315 13,199 Investment In Unconsolidated Affiliates 25,445 23,914 24,842 Other Assets 32,315 33,012 33,139 Total Assets $ 2,027,539 $ 1,350,541 $ 1,814,126 LIABILITIES AND STOCKHOLDERS' EQUITY Current Portion Of Revolving Credit Facility $ 30,000 $ — $ 10,800 Current Portion Of Term Loan And Other Debt 20,839 2,685 16,317 Accounts Payable 178,295 112,404 148,009 Accrued Customer Returns 83,036 62,326 46,471 Accrued Core Liability 12,418 15,226 12,807 Accrued Rebates 83,694 53,163 76,168 Payroll And Commissions 47,059 37,050 40,964 Sundry Payables And Accrued Expenses 98,771 69,666 84,936 Total Current Liabilities 554,112 352,520 436,472 Long-term Debt 538,639 140,163 535,197 Noncurrent Operating Lease Liabilities 96,180 86,259 98,214 Accrued Asbestos Liabilities 115,042 89,544 84,568 Other Liabilities 31,434 28,611 29,593 Total Liabilities 1,335,407 697,097 1,184,044 Total SMP Stockholders' Equity 677,412 638,833 615,745 Noncontrolling Interest 14,720 14,611 14,337 Total Stockholders' Equity 692,132 653,444 630,082 Total Liabilities And Stockholders' Equity $ 2,027,539 $ 1,350,541 $ 1,814,126 Standard Motor Products, Inc Condensed Consolidated Statements of Cash Flows Nine Months Ended September 30, (In thousands, unaudited) 2025 2024 Cash Flows From Operating Activities Net Earnings $ 34,105 $ 30,482 Adjustments To Reconcile Net Earnings To Net Cash Used In Operating Activities: Depreciation And Amortization 32,393 22,008 Loss From Discontinued Operations, Net Of Taxes 36,369 24,727 Other 9,526 4,473 Change In Assets And Liabilities: Accounts Receivable (78,691) (59,040) Inventory (22,777) 2,895 Accounts Payable 22,431 4,487 Prepaid Expenses And Other Current Assets 3,403 (2,739) Sundry Payables And Accrued Expenses 46,211 45,470 Other 2,711 5,437 Net Cash Provided by Operating Activities 85,681 78,200 Cash Flows From Investing Activities Capital Expenditures (29,334) (34,136) Other Investing Activities 3,043 18 Net Cash Used in Investing Activities (26,291) (34,118) Cash Flows From Financing Activities Net Change In Debt (1,161) (13,422) Purchase Of Treasury Stock — (10,409) Dividends Paid (20,408) (19,004) Payments Of Debt Issuance Costs — (4,183) Other Financing Activities 1,207 (651) Net Cash Used in Financing Activities (20,362) (47,669) Effect Of Exchange Rate Changes On Cash 3,747 (2,591) Net Increase (Decrease) In Cash 42,775 (6,178) Cash At Beginning Of Period 44,426 32,526 Cash At End Of Period $ 87,201 $ 26,348 SOURCE Standard Motor Products, Inc. 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Standard Motor Products, Inc. Releases Third Quarter 2025 Results and Quarterly Dividend

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