Standard Motor Products reported higher third-quarter sales and earnings, with adjusted diluted earnings per share rising 13.2% from a year earlier. The automotive parts manufacturer also said its net debt leverage fell to 1.8 times and reaffirmed its full-year outlook.
The company’s release also announced a quarterly dividend, but the information provided here does not include its amount or payment dates.
Key details
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Third-quarter sales increased: Net sales were $507.8 million, up from $498.8 million a year earlier, a gain of about 1.8%. Adjusted net sales were $512.9 million, up 2.8%. The release does not explain the adjustment in the information provided here.
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Earnings grew on both reported and adjusted measures: Earnings from continuing operations were $32.6 million, or $1.42 per diluted share, compared with $29.8 million, or $1.32 per share, in the third quarter of 2025. On an adjusted basis, earnings were $35.3 million, or $1.54 per share, versus $30.6 million, or $1.36 per share.
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Year-to-date results were also higher: For the first nine months of 2026, net sales totaled $1.461 billion, compared with $1.406 billion in the same period last year. Adjusted net sales were $1.491 billion, versus $1.406 billion. Earnings from continuing operations rose to $82.7 million, or $3.62 per diluted share, from $69.8 million, or $3.11 per share.
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Leverage improved: Net debt leverage declined to 1.8 times from 2.5 times in the second quarter. The company said this puts it below its target of 2.0 times for fiscal 2026.
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Full-year outlook unchanged: Standard Motor Products reaffirmed its guidance for low- to mid-single-digit sales growth and an adjusted EBITDA margin of 11% to 12%.
Plain-English implications
The lower leverage puts the company ahead of its stated debt target for fiscal 2026. Its reaffirmed guidance indicates that, despite the quarterly results, it has not changed its full-year expectations.