PR Newswire·Apr 30, 2026, 8:30 AM ET

Standard Motor Products, Inc. Releases First Quarter 2026 Results and Quarterly Dividend

Standard Motor Products reported first quarter 2026 net sales of $451.2 million, a 9.1% increase from $413.4 million in the prior year period, with growth across all segments.
Adjusted Q1 non-GAAP diluted earnings per share reached $0.82, up from $0.81 last year, while adjusted EBITDA rose to $44.5 million from $42.8 million.
The company reaffirmed full-year 2026 guidance for low to mid-single digit sales growth and an adjusted EBITDA margin between 11% and 12%.
Vehicle Control segment sales increased 11.2% driven by customer pipeline orders and tariff pass-through pricing, while Temperature Control sales grew modestly by 0.7%.
Nissens sales rose 12.4% to $74.4 million, aided by favorable currency conversion despite a 2.7% increase in local currency.
Engineered Solutions segment sales grew 12.6% as demand recovered in commercial vehicle and power sports end-markets.
Total net debt at quarter-end was $599.4 million, resulting in a net debt leverage ratio of 3.0x, with a target to reduce leverage to 2.0x by year-end 2026.
The Board of Directors declared a quarterly dividend of $0.33 per share, payable on June 1, 2026, to stockholders of record on May 15, 2026.