Quarterly ResultAug 4, 2026, 12:13 PM
Standard Motor Products Q2 Net Earnings +20.4% to $30.4M; EPS $1.33
AI Summary
Standard Motor Products reported strong financial results for the second quarter and first half of 2026. For Q2 2026, net sales increased by 1.6% to $501.6 million, while net earnings attributable to SMP surged by 20.4% to $30.4 million, resulting in diluted EPS of $1.33. The company also saw significant improvements for the first six months of 2026, with net sales up 4.9% to $952.8 million and net earnings attributable to SMP increasing 25.6% to $47.5 million. Additionally, the company reduced its total debt outstanding and declared a higher cash dividend per common share.
Key Highlights
- Q2 2026 net sales increased 1.6% to $501.6 million from $493.9 million in Q2 2025.
- Q2 2026 net earnings attributable to SMP rose 20.4% to $30.4 million from $25.2 million in Q2 2025.
- Q2 2026 diluted EPS was $1.33, up from $1.13 in Q2 2025.
- H1 2026 net sales increased 4.9% to $952.8 million from $907.2 million in H1 2025.
- H1 2026 net earnings attributable to SMP increased 25.6% to $47.5 million from $37.8 million in H1 2025.
- H1 2026 diluted EPS was $2.08, up from $1.69 in H1 2025.
- Cash dividends declared per common share for Q2 2026 were $0.33, up from $0.31 in Q2 2025.
- Total debt outstanding decreased to $588.8 million at June 30, 2026, from $618.7 million at December 31, 2025.
Price Impact
More from SMP