Standard Motor Products Reports Record Q3 2026 Adjusted EBITDA and Improved Leverage
Standard Motor Products (SMP) reported strong third-quarter 2026 financial results, highlighted by record adjusted EBITDA of $66.6 million and a non-GAAP diluted EPS of $1.54, representing a 13.2% increase year-over-year. The company achieved its year-end net debt leverage target ahead of schedule, driven by significant inventory reductions and robust operating cash flow of $207.2 million for the first nine months. Growth was led by the Vehicle Control segment (+6%) and Nissens (+7.6%), though the Temperature Control segment saw a decline due to high preseason volumes in the prior year. While management issued full-year sales guidance of low to mid-single digit growth, they cautioned that inflationary cost inputs and distribution expenses related to a new warehouse in Kansas may impact margins.
Tickers: $SMP
Topics: earnings report EBITDA EPS net sales revenue growth