| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 451.17 | 9.1% |
| Total Income | 451.17 | 9.1% |
| Expenditure | 417.07 | 7.2% |
| PBT | 25.30 | 33.5% |
| Net Profit | 17.14 | 36.4% |
| OPM | 7.56% | 1.64pp |
| NPM | 3.80% | 0.76pp |
| EPS | 0.77 | 35.1% |
Standard Motor Products Reports Q1 2026 Net Sales Up 9.1%
03 May 2026 · 3 May, 6:13 pm
Summary
Standard Motor Products reported net sales for the first quarter of 2026 of $451.2 million, compared to $413.4 million in the same quarter of 2025, representing a 9.1% increase. Earnings from continuing operations for the first quarter of 2026 were $18.3 million, or $0.81 per diluted share, compared to $13.7 million, or $0.61 per diluted share, in the first quarter of 2025. The company reaffirmed its full-year guidance of low to mid-single digit sales growth and an adjusted EBITDA margin of 11% - 12%. The Board of Directors has approved a quarterly dividend of 33 cents per share, payable on June 1, 2026.
Key Highlights
- 1
Standard Motor Products reported a strong first quarter with net sales of $451.2 million, up 9.1% from the previous year, with increases in all segments.
- 2
Adjusted Q1 non-GAAP diluted earnings per share were $0.82, compared to $0.81 last year.
- 3
Adjusted EBITDA for Q1 2026 was $44.5 million, an increase from $42.8 million in the prior year.
- 4
Vehicle Control sales increased by 11.2% in the first quarter, driven by customer pipeline orders.
- 5
Nissens sales increased 12.4% to $74.4 million, driven by a stronger currency conversion.
- 6
The company reaffirmed its full-year guidance of low to mid-single digit sales growth and an adjusted EBITDA margin of 11% - 12%.
Management Comments
Eric Sills
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. 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.”
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