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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net sales $ 493,853 $ 389,829 $ 907,232 $ 721,232
Cost of sales 342,964 278,382 631,621 520,263
Gross profit 150,889 111,447 275,611 200,969
Selling, general and administrative expenses 107,520 83,885 207,365 158,618
Restructuring expenses 582 2,559 1,255 2,751
Other income (expense), net 49 (17) 307 5
Operating income 42,836 24,986 67,298 39,605
Other non-operating income, net 1,875 2,199 4,123 3,018
Interest expense 8,295 2,752 16,056 4,819
Earnings from continuing operations before income taxes 36,416 24,433 55,365 37,804
Provision for income taxes 9,821 6,109 14,890 9,451
Earnings from continuing operations 26,595 18,324 40,475 28,353
Loss from discontinued operations, net of income taxes (1,058) (917) (2,197) (1,956)
Net earnings 25,537 17,407 38,278 26,397
Net earnings attributable to noncontrolling interest 295 344 470 510
Net earnings attributable to SMP [1] 25,242 17,063 37,808 25,887
Net earnings (loss) attributable to SMP        
Continuing operations 26,300 17,980 40,005 27,843
Discontinued operations (1,058) (917) (2,197) (1,956)
Net earnings attributable to SMP [1] $ 25,242 $ 17,063 $ 37,808 $ 25,887
Basic:        
Continuing operations (in dollars per share) $ 1.20 $ 0.83 $ 1.82 $ 1.27
Discontinued operations (in dollars per share) (0.05) (0.05) (0.10) (0.09)
Net earnings attributable to SMP per common share (in dollars per share) 1.15 0.78 1.72 1.18
Diluted:        
Continuing operations (in dollars per share) 1.17 0.81 1.79 1.25
Discontinued operations (in dollars per share) (0.04) (0.04) (0.10) (0.09)
Net earnings attributable to SMP per common share (in dollars per share) 1.13 0.77 1.69 1.16
Dividend declared per common share (in dollars shares) $ 0.31 $ 0.29 $ 0.62 $ 0.58
Weighted average number of common shares, basic (in shares) 21,984,492 21,767,526 21,935,921 21,845,678
Weighted average number of common shares, diluted (in shares) 22,423,208 22,185,536 22,359,693 22,277,590
[1] Throughout this Form 10-Q, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.