STANDARD MOTOR PRODUCTS, INC.

Standard Motor Products, Inc. announced that Chief Financial Officer Nathan R. Iles will resign on October 30, 2026, to accept a CFO position at another public company and relocate. The company has initiated a search for a permanent successor and appointed current Board member James J. Burke as Interim CFO, effective October 30, 2026. Burke has extensive prior experience with the company, including serving as CFO from 1999 to 2019. The company also confirmed its Q3 2026 earnings call is scheduled for October 30, 2026.

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.

Standard Motor Products, Inc. announced its second quarter 2026 financial results, reporting consolidated net sales of $501.6 million and adjusted net sales of $526.7 million, a 6.7% increase year-over-year. Diluted earnings per share rose to $1.39, with non-GAAP diluted EPS up 8.6% to $1.40. The company also highlighted a $64.2 million improvement in year-to-date operating cash flow and a reduction in net debt leverage to 2.5x. Full-year guidance for sales growth and adjusted EBITDA margin was reaffirmed, and a quarterly dividend of $0.33 per share was declared.

Standard Motor Products, Inc. held its Annual Meeting of Shareholders on May 21, 2026. Shareholders elected eight directors to the board for the upcoming year. Additionally, KPMG LLP was ratified as the company's independent registered public accounting firm for the fiscal year ending December 31, 2026. A non-binding, advisory resolution on the compensation of the company's named executive officers was also approved.

Standard Motor Products, Inc. announced executive leadership changes, effective June 1, 2026. James J. Burke will step down as Chief Operating Officer but will remain with the company as Executive Advisor and a member of the Board of Directors. Sunil Bhandari has been appointed as the new Chief Operations Officer. Mr. Bhandari brings over 25 years of global business and operations leadership, most recently from Eaton Corporation plc, and will receive an annual base salary of $550,000 along with significant incentive and stock awards.

STANDARD MOTOR PRODUCTS, INC. reported strong first-quarter results for 2026, with net sales increasing by 9.1% to $451.2 million and diluted EPS rising 33.9% to $0.75. The company also saw a significant improvement in operating income, up 39.4% year-over-year. Restructuring efforts continued, with expenses decreasing, and the company declared a higher quarterly dividend.