Standard Motor Products (SMP) Q3 2026 earnings summary

Executive summary

• Q3 adjusted net sales rose 2.8% YoY to $512.9M, excluding IEEPA tariff-refund accounting; adjusted EBITDA reached a record $66.6M and adjusted diluted EPS rose 13.2% to $1.54.

• Nine-month adjusted net sales were $1,490.8M and adjusted EBITDA was $174.6M; net debt leverage fell to 1.8x, ahead of the FY26 target of below 2.0x.

Financial highlights

• Q3 GAAP net sales were $507.8M versus $498.8M; adjusted net sales were $512.9M versus $498.8M.

• Q3 adjusted earnings from continuing operations attributable to SMP were $35.3M, or $1.54 diluted EPS, versus $30.6M and $1.36; GAAP continuing earnings were $32.6M, or $1.42 diluted EPS.

• Nine-month GAAP net sales were $1,460.6M versus $1,406.1M; adjusted net sales were $1,490.8M versus $1,406.1M.

• Nine-month adjusted earnings from continuing operations were $85.9M, or $3.76 diluted EPS; GAAP continuing earnings were $82.7M, or $3.62 diluted EPS.

• Nine-month operating cash flow was $207.2M versus $85.7M, driven by lower inventory and timing of tariff refunds received.

Outlook and guidance

• FY26 guidance reaffirmed: low- to mid-single-digit sales growth and adjusted EBITDA margin of 11%–12%.

• Growth drivers include North American and European momentum and more stable Engineered Solutions conditions; tariff-pricing and currency comparisons, distribution costs and inflation are offsets.

• Engineered Solutions expects more normalized growth as comparisons become tougher following its rebound; Temperature Control and Nissens results depend partly on customer inventory and ordering patterns.

• Nissens integration is expected to deliver $8–12M in cost synergies, with cross-selling and operational collaboration as growth opportunities.

• Guidance excludes changes in tariffs, significant geopolitical inflation and higher interest rates affecting customer supply-chain financing programs.