XML 36 R3.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 1,791,158 $ 1,463,849 $ 1,358,272
Cost of sales 1,231,750 1,040,528 969,446
Gross profit 559,408 423,321 388,826
Selling, general and administrative expenses 420,659 335,104 293,583
Restructuring expenses 2,580 7,668 2,642
Other income, net 338 75 76
Operating income 136,507 80,624 92,677
Other non-operating income, net 5,355 6,877 2,326
Interest expense 31,339 13,512 13,287
Earnings from continuing operations before income taxes 110,523 73,989 81,716
Provision for income taxes 30,617 19,385 18,368
Earnings from continuing operations 79,906 54,604 63,348
Loss from discontinued operations, net of income tax benefit of $13,245, $9,180 and $10,188 (37,698) (26,128) (28,996)
Net earnings 42,208 28,476 34,352
Net earnings attributable to noncontrolling interest 873 976 204
Net earnings attributable to SMP [1] 41,335 27,500 34,148
Net earnings (loss) attributable to SMP      
Continuing operations 79,033 53,628 63,144
Discontinued operations (37,698) (26,128) (28,996)
Net earnings attributable to SMP [1] $ 41,335 $ 27,500 $ 34,148
Basic:      
Continuing operations (in dollars per share) $ 3.59 $ 2.46 $ 2.91
Discontinued operations (in dollars per share) (1.71) (1.20) (1.34)
Net earnings attributable to SMP per common share - Basic (in dollars per share) 1.88 1.26 1.57
Diluted:      
Continuing operations (in dollars per share) 3.52 2.41 2.85
Discontinued operations (in dollars per share) (1.68) (1.17) (1.31)
Net earnings attributable to SMP per common share - Diluted (in dollars per share) 1.84 1.24 1.54
Dividends declared per common share (in dollars per share) $ 1.24 $ 1.16 $ 1.16
Weighted average number of common shares, basic (in shares) 21,986,301 21,801,141 21,716,177
Weighted average number of common shares, diluted (in shares) 22,483,591 22,237,060 22,161,341
[1] Throughout this Form 10-K, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.