Exhibit 99.1
logo021a.jpg
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
First Quarter 2026 Results and Quarterly Dividend
•Strong first quarter net sales of $451.2 million up, 9.1% from last year, with increases in all segments

•Adjusted Q1 non-GAAP diluted earnings per share of $0.82 and adjusted EBITDA of $44.5 million vs.$0.81 and $42.8 million last year, respectively

•Reaffirming full-year guidance of low to mid-single digit sales growth and adjusted EBITDA margin of 11% - 12%

New York, NY, April 30, 2026......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2026.

Net sales for the first quarter of 2026 were $451.2 million, compared to consolidated net sales of $413.4 million during the same quarter in 2025. Earnings from continuing operations for the first quarter of 2026 were $18.3 million or $0.81 per diluted share, compared to earnings of $13.7 million or $0.61 per diluted share in the first quarter of 2025. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings
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from continuing operations for the first quarter of 2026 were $18.6 million or $0.82 per diluted share, compared to $18.0 million or $0.81 per diluted share in the first quarter of 2025.

Mr. Eric Sills, Standard Motor Products’ Chairman and Chief Executive Officer stated, “We are quite pleased with our performance in the first quarter. Sales for the quarter increased 9.1%, with all segments performing well, reflecting a continuation of the steady customer demand experienced throughout last year.
First Quarter Highlights:
North American Aftermarket Segments
•Vehicle Control sales increased 11.2% in the first quarter, largely on the strength of customer pipeline orders as they expand assortments to capture DIFM share. We continue to experience favorable demand, as evidenced by strong customer POS and reflective of the non-discretionary nature of our products. We also saw a nominal lift from pass-through tariff pricing.

•Temperature Control sales increased a modest 0.7%, against last year’s record first quarter, when sales were up 24%. As we enter our second quarter, we still have preseason orders left to ship as customers prepare for the upcoming summer selling season. While we are off to a strong start, including favorable customer POS, ultimately this seasonal business will be determined by the strength of the summer months.

Nissens
Nissens sales increased 12.4% to $74.4 million, driven by a stronger currency conversion. Our sales grew 2.7% in local currency against a difficult comparison. 2025 was marked by robust first half customer orders, while this year has returned to a more normal cadence. As we are now
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into our second year of ownership, we begin to look towards growth related to recently launched product categories and remain excited about the multitude of opportunities ahead.

Engineered Solutions
Sales in the Engineered Solutions segment showed solid growth of 12.6% over last year’s soft first quarter as demand continues to recover. Sales growth was aided by recovery in commercial vehicle and power sports end-markets, driven by ordering patterns with certain customers.

Profitability & Balance Sheet
Adjusted EBITDA for the quarter increased to $44.5 million, up from $42.8 million last year, driven by solid performance across our North American Aftermarket segments. Nissens EBITDA was negatively impacted by currency transaction losses on sourcing this quarter, and Engineered Solutions experienced temporary unfavorable manufacturing variances as well as certain inflationary headwinds.

From a balance sheet perspective, our cash flows and borrowings were in line with expectations. Total net debt at quarter-end stood at $599.4 million, primarily reflecting an increase over year-end due to seasonal working capital build as sales ramp-up each year during the first quarter. Importantly, our inventory declined slightly in the quarter as we were well prepared for sales orders coming into the year. Our net debt leverage increased modestly to 3.0x due to seasonal working capital build, and we continue to target reducing net debt levels to 2.0x adjusted EBITDA by the end of 2026.

2026 Guidance Update
Our outlook for the full year of 2026 reaffirms our expectation that sales growth will be in the low to mid-single digit range driven by ongoing tailwinds for professional grade non-discretionary products in the North American aftermarket, continuing momentum in our
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European business, and an ongoing recovery in Engineered Solutions, offset by a lapping of both tariff pricing and the benefits of stronger currency conversion.

Further, we expect Adjusted EBITDA will be in a range of 11% -12%, aided by initiatives we have underway to drive ongoing profitability gains, partially offset by margin compression attributable to passing through tariffs at cost, which began in the second half of 2025. Note that our guidance excludes the impact of ongoing changes in the tariff landscape, or any significant inflationary impact from the conflict in the Middle East. We intend to address these pressures with our usual combination of cost savings and pricing programs.

Dividends
The Board of Directors has approved payment of a quarterly dividend of 33 cents per share on the common stock outstanding, which will be paid on June 1, 2026, to stockholders of record on May 15, 2026.

Closing Remarks
In closing, Mr. Sills commented, “We are off to a strong start to 2026 and are encouraged by the overall trends across our segments. While the near-term macroeconomic and tariff-related volatility persists, we continue to find ways to perform well in a challenging environment, and leverage our market leadership and the nondiscretionary nature of our products. We are excited about our global opportunities to drive growth and profitability and look forward to another year to deliver value to all our shareholders. I would like to thank our employees for their hard work and commitment to our continued success.”

Conference Call
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Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Thursday, April 30, 2026. This call will be webcast and can be accessed on our website at www.smpcorp.com and clicking on the SMP Q1'26 Earnings Call Webcast link. Investors may also listen to the call by dialing 800-267-6316 (domestic) or 203-518-9783 (international). The conference call ID code is SMP1Q2026. 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.


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Standard Motor Products, Inc.
Consolidated Statements of Operations

Three Months Ended
March 31,
(In thousands, except share and per share data, unaudited)20262025
Net sales
$451,166 $413,379 
Cost of sales
311,993 288,657 
Gross profit139,173 124,722 
Selling, general and administrative expenses
104,837 99,845 
Restructuring expenses
366 673 
Other income, net123 258 
Operating income34,093 24,462 
Other non-operating income (loss), net(1,279)2,248 
Interest expense
7,518 7,761 
Earnings from continuing operations before income taxes
25,296 18,949 
Provision for income taxes
6,826 5,069 
Earnings from continuing operations18,470 13,880 
Loss from discontinued operations, net of income taxes(1,185)(1,139)
Net earnings17,285 12,741 
Net earnings attributable to noncontrolling interest149 175 
Net earnings attributable to SMP$17,136 $12,566 

Net earnings (loss) attributable to SMP
Continuing operations
$18,321 $13,705 
Discontinued operations
(1,185)(1,139)
Net earnings attributable to SMP per common share$17,136 $12,566 

Per common share data
Basic:
Continuing operations
$0.83 $0.63 
Discontinued operations
(0.06)(0.06)
Net earnings attributable to SMP per common share$0.77 $0.57 

Diluted:
Continuing operations
$0.81 $0.61 
Discontinued operations
(0.06)(0.05)
Net earnings attributable to SMP per common share$0.75 $0.56 

Dividend declared per common share
$0.33 $0.31 

Weighted average number of common shares, basic
22,167,00621,886,810
Weighted average number of common shares, diluted
22,719,73222,319,868
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Standard Motor Products, Inc.
Segment Revenues
Three Months Ended
March 31,
(in thousands, unaudited) 20262025
Vehicle Control
Engine Management (Ignition, Emissions and Fuel Delivery)$141,087 $118,366 
Electrical and Safety57,866 58,319 
Wire Sets and Other14,886 15,657 
Total Vehicle Control213,839 192,342 

Temperature Control

AC System Components65,198 67,191 
Other Thermal Components24,306 21,692 
Total Temperature Control89,504 88,883 

Nissens Automotive
Air Conditioning26,273 27,166 
Engine Cooling31,451 27,773 
Engine Efficiency16,643 11,243 
Total Nissens Automotive74,367 66,182 
Engineered Solutions

Light Vehicle22,920 21,404 
Commercial Vehicle22,908 18,605 
Construction/Agriculture9,504 9,408 
All Other18,980 16,555 
Total Engineered Solutions74,312 65,972 
Intersegment sales(856)— 
Total
$451,166 $413,379 

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.
Standard Motor Products, Inc.
Segment Operating Profit
Three Months Ended
March 31,
(in thousands, unaudited; percentage of net sales)20262025
Gross Margin
Vehicle Control$68,165 31.9 %$62,161 32.3 %
Temperature Control28,652 32.0 %27,598 31.0 %
Nissens Automotive32,071 43.1 %27,838 42.1 %
Engineered Solutions10,28513.8 %11,709 17.7 %
All Other— — 
        Subtotal$139,173 30.8 %$129,306 31.3 %
Acquisition Expenses— — %(4,584)-1.1 %
        Gross Margin$139,173 30.8 %$124,722 30.2 %
Selling, General & Administrative
Vehicle Control$47,962 22.4 %$43,835 22.8 %
Temperature Control18,058 20.2 %19,823 22.3 %
Nissens Automotive24,200 32.5 %20,254 30.6 %
Engineered Solutions8,556 11.5 %8,514 12.9 %
All Other6,059 6,856 
        Subtotal$104,835 23.2 %$99,282 24.0 %
Acquisition Expenses2 — %563 0.1 %
        Selling, General & Administrative$104,837 23.2 %$99,845 24.2 %
Operating Income
Vehicle Control$20,203 9.4 %$18,326 9.5 %
Temperature Control10,594 11.8 %7,775 8.7 %
Nissens Automotive7,871 10.6 %7,584 11.5 %
Engineered Solutions1,7292.3 %3,195 4.8 %
All Other(6,059)(6,856)
        Subtotal$34,338 7.6 %$30,024 7.3 %
Restructuring (366)-0.1 %(673)-0.2 %
Acquisition & Integration Expenses(2)— %(5,147)-1.2 %
Other Income, Net123 — %258 0.1 %
        Operating Income$34,093 7.6 %$24,462 5.9 %
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures
(In thousands, except per share amounts, unaudited)Three Months Ended
March 31,
20262025
Earnings from Continuing Operations Attributable To SMP
GAAP Earnings from Continuing Operations$18,321 $13,705 
Restructuring Expenses366 673 
Acquisition & Integration Expenses2 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 Expenses0.01 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 
Operating Income
GAAP Operating Income$34,093 $24,462 
Restructuring Expenses366 673 
Acquisition & Integration Expenses2 5,147 Last Twelve Months Ended
Other Income, Net(123)(258)March 31,Year Ended
Non-GAAP Operating Income$34,338 $30,024 20262025December 31, 2025
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes$25,296 $18,949 $116,870 $79,567 $110,523 
Depreciation and Amortization11,315 10,267 44,896 34,379 43,848 
Interest Expense7,518 7,761 31,096 19,206 31,339 
     EBITDA44,129 36,977 192,862 133,152 185,710 
Restructuring Expenses366 673 2,273 8,149 2,580 
Acquisition & Integration Expenses2 5,147 3,438 18,623 8,583 
Customer Program Wind Down— — 4,067 — 4,067 
Special Items368 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.
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Standard Motor Products, Inc.
Reconciliation of GAAP and Non-GAAP Measures by Segments
Three Months Ended March 31, 2026
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$19,613$10,843$7,873$1,822$(6,058)$34,093
Restructuring Expenses27270—24— 366
Acquisition & Integration Expenses——2—— 2
Other (Income) Expense, Net319(320)(5)(117)— (123)
Non-GAAP Operating Income$20,204$10,593$7,870$1,729$(6,058)$34,338
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes$17,877$10,393$1,361$1,937$(6,272)$25,296
Depreciation and Amortization4,2978083,2662,594350 11,315
Interest Expense1,8647384,647567(298)7,518
EBITDA24,03811,9399,2745,098(6,220)44,129
Restructuring Expenses27270—24— 366
Acquisition & Integration Expenses——2—— 2
Special Items27270224— 368
EBITDA without Special Items$24,310$12,009$9,276$5,122 $(6,220)$44,497
% of Net Sales11.4 %13.4 %12.5 %6.9 %9.9 %
Three Months Ended March 31, 2025
(In thousands, unaudited)Vehicle ControlTemperature ControlNissens AutomotiveEngineered SolutionsAll Other Consolidated
Operating Income
GAAP Operating Income$17,782$7,900$2,587 $3,176$(6,983)$24,462
Restructuring Expenses526136— 20(9)673
Acquisition & Integration Expenses——5,011 —136 5,147
Other Income, Net18(261)(14)(1)— (258)
Non-GAAP Operating Income$18,326$7,775$7,584 $3,195$(6,856)$30,024
EBITDA without Special Items
GAAP Earnings from Continuing Operations Before Taxes$17,046$7,948$(2,151)$3,431$(7,325)$18,949
Depreciation And Amortization3,6697782,987 2,500333 10,267
Interest Expense1,0075395,620 459136 7,761
EBITDA21,7229,2656,456 6,390(6,856)36,977
Restructuring Expenses526136— 20(9)673
Acquisition & Integration Expenses——5,011 —136 5,147
Special Items5261365,011 20127 5,820
EBITDA without Special Items$22,248$9,401$11,467 $6,410$(6,729)$42,797
% of Net Sales11.6 %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.


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Standard Motor Products, Inc.
Consolidated Balance Sheets
(In thousands, except share and per share data)
March 31, 2026March 31, 2025December 31, 2025
       ASSETS(Unaudited)(Unaudited)
CURRENT ASSETS:
Cash
$59,207 $50,276 $72,031 
Accounts receivable, less allowances for discounts and expected credit losses of $10,159 for 2026 and $7,157 and $10,043 for March and December 2025, respectively312,961 280,795 232,020 
Inventories
726,308 658,728 727,922 
Prepaid expenses and other current assets
21,069 26,282 18,477 
Total current assets
1,119,545 1,016,081 1,050,450 
Property, plant and equipment, net of accumulated depreciation of $299,761 for 2026 and $279,885 and $300,283 for March and December 2025, respectively186,442 174,636 188,562 
Operating lease right-of-use assets
102,003 112,022 105,178 
Goodwill
253,626 246,115 256,159 
Customer relationships intangibles, net204,526 212,378 212,056 
Other intangibles, net
97,303 93,087 99,102 
Deferred income taxes
25,599 14,064 25,384 
Investments in unconsolidated affiliates
26,685 26,013 26,310 
Other assets32,570 31,695 32,040 
Total assets
$2,048,299 $1,926,091 $1,995,241 
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current portion of revolving credit facility$30,000 $4,350 $30,000 
Current portion of term loan and other debt
19,370 18,876 21,988 
Accounts payable
179,524 151,206 169,089 
Sundry payables and accrued expenses
98,246 92,758 92,054 
Accrued customer returns
63,710 66,087 49,554 
Accrued rebates
75,924 73,050 84,494 
Payroll and commissions
34,298 31,050 46,135 
Total current liabilities
501,072 437,377 493,314 
Long-term debt
609,250 627,329 566,727 
Noncurrent operating lease liabilities
90,345 99,885 93,381 
Accrued asbestos liabilities
109,783 29,135 112,625 
Other accrued liabilities
30,270 79,928 30,932 
Total liabilities
1,340,720 1,273,654 1,296,979 
Commitments and contingencies
Stockholders’ equity:
Common stock – par value $2.00 per share (Authorized – 30,000,000 shares; issued 23,936,036 shares)47,872 47,872 47,872 
Capital in excess of par value
101,104 99,547 99,005 
Retained earnings
599,276 581,174 589,448 
Accumulated other comprehensive income
11,664 (13,655)17,857 
Treasury stock – at cost (1,690,616 shares in 2026 and 1,955,013 and 1,790,097 shares in March and December 2025, respectively)(66,589)(76,977)(70,483)
Total SMP stockholders’ equity
693,327 637,961 683,699 
Noncontrolling interest
14,252 14,476 14,563 
Total stockholders’ equity
707,579 652,437 698,262 
Total liabilities and stockholders’ equity
$2,048,299 $1,926,091 $1,995,241 
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Standard Motor Products, Inc.
Consolidated Statements of Cash Flows
(In thousands, unaudited)
Three Months Ended
March 31,

20262025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings$17,285 $12,741 
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization
11,315 10,267 
Amortization of deferred financing cost
278 327 
(Decrease) increase to allowance for expected credit losses(124)1,614 
Increase to inventory reserves901 1,843 
Equity income from joint ventures
(669)(1,084)
Employee stock ownership plan allocation
822 675 
Stock-based compensation
2,989 1,550 
Increase in deferred income taxes(980)(16)
Loss on discontinued operations, net of tax
1,185 1,139 
Change in assets and liabilities:
Increase in accounts receivable(82,541)(68,882)
Increase in inventories(1,966)(14,576)
(Increase) decrease in prepaid expenses and other current assets(104)1,438 
Increase in accounts payable11,419 957 
Increase (decrease) in sundry payables and accrued expenses1,524 (3,185)
Net change in other assets and liabilities
(3,263)(5,028)
Net cash used in operating activities(41,929)(60,220)
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures(6,740)(9,132)
Other investing activities33 2,923 
Net cash used in investing activities(6,707)(6,209)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of term loans(3,938)(3,853)
Net borrowings under revolving credit facilities51,437 80,962 
Net (repayments) borrowings of other debt and lease obligations(3,531)1,985 
Purchase of treasury stock(283)— 
Increase in overdraft balances93 191 
Dividends paid(7,308)(6,777)
Dividends paid to noncontrolling interest(624)— 
Net cash provided by financing activities35,846 72,508 
Effect of exchange rate changes on cash(34)(229)
Net (decrease) increase in cash(12,824)5,850 
CASH at beginning of period72,031 44,426 
CASH at end of period$59,207 $50,276 

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