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For Immediate Release
For more information, contact:
Anthony (Tony) Cristello
Standard Motor Products, Inc.
(972) 316-8107
investors@smpcorp.com

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

New York, NY, October 31, 2025......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,
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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.

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•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 Solutions
Sales 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 Sheet
Adjusted 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
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$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 & 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 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 Guidance
We 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
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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.
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 December 1, 2025, to stockholders of record on November 14, 2025.

Closing Remarks
In 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
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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.


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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)2025202420252024
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, basic21,991,19421,716,08321,954,54821,802,164
Weighted average number of common shares, diluted 22,571,30422,154,22222,439,08222,225,444
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Standard Motor Products, Inc.
Segment Revenues
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, unaudited) 2025202420252024
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)$121,420 $121,432 $368,019 $353,046 
Electrical and Safety63,192 63,237 178,339 

172,772 
Wire Sets and Other13,070 16,208 45,365 

49,324 
Total Vehicle Control197,682 200,877 591,723 575,142 

Temperature Control

AC System Components114,033 95,698 286,001 245,628 
Other Thermal Components30,624 30,287 78,904 76,446 
Total Temperature Control144,657 125,985 364,905 322,074 

Nissens Automotive
Air Conditioning36,409 — 104,016 — 
Engine Cooling32,168 — 95,023 — 
Engine Efficiency15,960 — 42,217 — 
Total Nissens Automotive84,537 — 241,256 — 
Engineered Solutions

Light Vehicle21,977 24,287 

65,161 

70,776 
Commercial Vehicle21,111 22,625 

61,552 

69,016 
Construction/Agriculture8,863 8,082 

27,855 

27,631 
All Other20,247 17,409 53,854 55,858 
Total Engineered Solutions72,198 72,403 

208,422 

223,281 
Other(238)— (238)

— 
Total
$498,836 $399,265 

$1,406,068 

$1,120,497 

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.
Standard Motor Products, Inc.
Segment Operating Profit
Three Months Ended
September 30,		Nine Months Ended
September 30,
(in thousands, unaudited; percentage of net sales)2025202420252024
Gross Margin
Vehicle Control$62,166 31.4 %$65,652 32.7 %$184,975 31.3 %$184,520 32.1 %
Temperature Control51,946 35.9 %42,323 33.6 %121,907 33.4 %98,621 30.6 %
Nissens Automotive34,827 41.2 %— — %99,480 41.2 %— — %
Engineered Solutions12,85517.8 %13,391 18.5 %37,25317.9 %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 Control25,196 17.4 %25,876 20.5 %67,859 18.6 %66,641 20.7 %
Nissens Automotive24,018 28.4 %— — %68,257 28.3 %— — %
Engineered Solutions8,754 12.1 %8,124 11.2 %25,986 12.5 %25,491 11.4 %
All Other8,844 5,190 22,839 16,163 
        Subtotal$113,089 22.7 %$82,211 20.6 %$318,617 22.7 %$238,418 21.3 %
Acquisition Expenses299 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 Control26,750 18.5 %16,447 13.1 %54,048 14.8 %31,980 9.9 %
Nissens Automotive10,809 12.8 %— — %31,223 12.9 %— — %
Engineered Solutions4,1015.7 %5,267 7.3 %11,2675.4 %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, Net12 — %— — %319 — %5 — %
        Operating Income$47,636 9.5 %$37,139 9.3 %$114,934 8.2 %$76,744 6.8 %
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited)Three Months EndedNine Months Ended
September 30,September 30,
2025202420252024
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations$29,837 $26,581 $69,842 $54,424 
Restructuring Expenses782 3,023 2,037 5,774 
Acquisition & Integration Expenses299 (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 Expenses0.04 0.14 0.09 0.26 
Acquisition & Integration Expenses0.01 (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 Expenses782 3,023 2,037 5,774 
Acquisition & Integration Expenses299 (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 20252024December 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 Amortization11,201 7,389 32,393 22,008 41,798 29,569 31,413 
Interest Expense7,394 3,145 23,450 7,964 28,998 10,485 13,512 
     EBITDA60,571 46,657 153,184 103,899 168,199 120,974 118,914 
Restructuring Expenses782 3,023 2,037 5,774 3,931 7,033 7,668 
Acquisition & Integration Expenses299 (1,007)8,346 1,404 20,418 1,404 13,476 
Special Items1,081 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.
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Three Months Ended September 30, 2025
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$15,135$26,734$10,811$4,055$(9,099)$47,636
Restructuring Expenses7351—46— 782
Acquisition & Integration Expenses——44—255 299
Other (Income) Expense, Net1915(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 Operations Before Taxes$14,253$27,123$5,540$4,239$(9,179)$41,976
Depreciation and Amortization4,1747853,3332,574335 11,201
Interest Expense1,2675875,322515(297)7,394
EBITDA19,69428,49514,1957,328(9,141)60,571
Restructuring Expenses7351—46— 782
Acquisition & Integration Expenses——44—255 299
Special Items73514446255 1,081
EBITDA without Special Items$20,429$28,496$14,239$7,374 $(8,886)$61,652
% of Net Sales10.3 %19.7 %16.8 %10.2 %12.4 %
Three Months Ended September 30, 2024
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$21,029$16,074$— $5,010$(4,974)$37,139
Restructuring Expenses1,602373— 257791 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 Operations Before Taxes$18,844$16,530$— $5,607$(4,858)$36,123
Depreciation And Amortization3,850802— 2,308429 7,389
Interest Expense2,166791— 434(246)3,145
EBITDA24,86018,123— 8,349(4,675)46,657
Restructuring Expenses1,602373— 257791 3,023
Acquisition & Integration Expenses——— —(1,007)(1,007)
Special Items1,602373— 257(216)2,016
EBITDA without Special Items$26,462$18,496 $— $8,606$(4,891)$48,673
% of Net Sales13.2 %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.


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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Nine Months Ended September 30, 2025
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$49,457$54,170$23,432$11,185$(23,310)$114,934
Restructuring Expenses1,740190—1052 2,037
Acquisition & Integration Expenses——7,877—469 8,346
Other (Income) Expense, Net102(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 Amortization11,9132,3479,6457,501987 32,393
Interest Expense3,8201,88816,4551,517(230)23,450
EBITDA62,48158,90834,14220,676(23,023)153,184
Restructuring Expenses1,740190—1052 2,037
Acquisition & Integration Expenses——7,877—469 8,346
Special Items1,7401907,877105471 10,383
EBITDA without Special Items$64,221$59,098$42,019$20,781 $(22,552)$163,567
% of Net Sales10.9 %16.2 %17.4 %10.0 %11.6 %
Nine Months Ended September 30, 2024
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$51,685$31,302$— $13,054$(19,297)$76,744
Restructuring Expenses2,712678— 6541,730 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 Operations Before Taxes$46,226$32,396$— $14,482$(19,177)$73,927
Depreciation And Amortization10,9812,480— 7,2401,307 22,008
Interest Expense5,4922,048— 1,804(1,380)7,964
EBITDA62,69936,924— 23,526(19,250)103,899
Restructuring Expenses2,712678— 6541,730 5,774
Acquisition & Integration Expenses——— —1,404 1,404
Special Items2,712678— 6543,134 7,178
EBITDA without Special Items$65,411$37,602 $— $24,180$(16,116)$111,077
% of Net Sales11.4 %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.
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Standard Motor Products, Inc.
Condensed Consolidated Balance Sheets
(In thousands)September 2025September 2024December 2024
UnauditedUnaudited
ASSETS
Cash$87,201 $26,348 $44,426 
Accounts Receivable, Gross304,599 225,827 216,191 
Allowance For Expected Credit Losses8,370 8,697 5,472 
Accounts Receivable, Net296,229 217,130 210,719 
Inventories656,777 503,015 624,913 
Unreturned Customer Inventory20,052 17,843 16,163 
Other Current Assets23,467 28,873 25,703 
Total Current Assets1,083,726 793,209 921,924 
Property, Plant And Equipment, Net187,333 138,490 168,735 
Operating Lease Right-of-use Assets107,789 96,039 109,899 
Goodwill256,152 134,725 241,418 
Customer Relationships Intangibles, Net216,480— 210,430 
Other Intangibles, Net98,688 85,837 90,540 
Deferred Income Taxes19,611 45,315 13,199 
Investment In Unconsolidated Affiliates25,445 23,914 24,842 
Other Assets32,315 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 Debt20,839 2,685 16,317 
Accounts Payable178,295 112,404 148,009 
Accrued Customer Returns83,036 62,326 46,471 
Accrued Core Liability12,418 15,226 12,807 
Accrued Rebates83,694 53,163 76,168 
Payroll And Commissions47,059 37,050 40,964 
Sundry Payables And Accrued Expenses98,771 69,666 84,936 
Total Current Liabilities554,112 352,520 436,472 
Long-term Debt538,639 140,163 535,197 
Noncurrent Operating Lease Liabilities96,180 86,259 98,214 
Accrued Asbestos Liabilities115,042 89,544 84,568 
Other Liabilities31,434 28,611 29,593 
Total Liabilities1,335,407 697,097 1,184,044 
Total SMP Stockholders' Equity677,412 638,833 615,745 
Noncontrolling Interest14,720 14,611 14,337 
Total Stockholders' Equity692,132 653,444 630,082 
Total Liabilities And Stockholders' Equity$2,027,539 $1,350,541 $1,814,126 
13

Standard Motor Products, Inc.
Condensed Consolidated Statements of Cash Flows
Nine Months Ended
September 30,
(In thousands, unaudited)20252024
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 Amortization32,393 22,008 
Loss From Discontinued Operations, Net Of Taxes36,369 24,727 
Other9,526 4,473 
Change In Assets And Liabilities:
Accounts Receivable(78,691)(59,040)
Inventory(22,777)2,895 
Accounts Payable22,431 4,487 
Prepaid Expenses And Other Current Assets3,403 (2,739)
Sundry Payables And Accrued Expenses46,211 45,470 
Other2,711 5,437 
Net Cash Provided by Operating Activities85,681 78,200 
Cash Flows From Investing Activities
Capital Expenditures(29,334)(34,136)
Other Investing Activities3,043 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 Activities1,207 (651)
Net Cash Used in Financing Activities(20,362)(47,669)
Effect Of Exchange Rate Changes On Cash3,747 (2,591)
Net Increase (Decrease) In Cash42,775 (6,178)
Cash At Beginning Of Period44,426 32,526 
Cash At End Of Period$87,201 $26,348 
14