Standard Motor Products Q1 Sales Rise 9.1% to $451.2M, EPS $0.82
Standard Motor Products reported Q1 net sales of $451.2 million, up 9.1% year-over-year, with adjusted EPS of $0.82 and EBITDA of $44.5 million. Management reaffirmed full-year sales growth of low to mid-single digits and EBITDA margin of 11%–12%, targeting net debt leverage reduction to 2.0x by year-end.
1. Q1 Financial Results
Standard Motor Products posted Q1 net sales of $451.2 million, a 9.1% increase year-over-year, with adjusted EBITDA of $44.5 million versus $42.8 million last year. Excluding non-operational items, earnings from continuing operations were $18.6 million or $0.82 per diluted share, up from $18.0 million or $0.81.
2. Segment Performance
Vehicle Control sales increased 11.2%, driven by expanding DIFM assortments and a nominal lift from pass-through tariffs; Temperature Control sales edged up 0.7% against a record prior-year quarter as preseason orders remain for summer demand. Nissens grew 12.4% to $74.4 million on stronger currency conversion, while Engineered Solutions rose 12.6% as commercial vehicle and powersports markets recovered.
3. Balance Sheet and Leverage
Cash flows and borrowings aligned with expectations, resulting in net debt of $599.4 million and leverage of 3.0x adjusted EBITDA at quarter-end. Inventory declined slightly as management prepared for seasonal sales, with a year-end target to reduce leverage to 2.0x adjusted EBITDA.
4. Outlook and Dividend
Full-year guidance was reaffirmed for low to mid-single digit sales growth and an 11%–12% adjusted EBITDA margin, acknowledging potential tariff and currency headwinds. The board approved a quarterly dividend of $0.33 per share, payable June 1 to shareholders of record on May 15, 2026.