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SMP-News
SMP-Events
Standard Motor Products CFO Nathan R. Iles Resigns
Standard Motor Products announced that Nathan R. Iles, Chief Financial Officer, has informed the Company of his decision to resign from his position to accept the chief financial officer position of another public company and relocate closer to his family. Mr. Iles will remain in his current role until October 30, 2026. To maintain operational continuity, the Board has appointed James J. Burke to serve as the Interim Chief Financial Officer, effective October 30, 2026, until a permanent successor is appointed. Mr. Burke will continue to serve as a member of the Board of Directors.
2026 Revenue Consensus at $1.88B
2026 revenue consensus $1.88B. 2025 revenue was $1.79B. Still sees 2026 adjusted EBITDA up 11%-12% year-over-year.
Company Reports Q2 Revenue of $501.6M
Reports Q2 revenue $501.6M, consensus $511.68M. CEO Eric Sills stated, "Overall we were pleased with our Q2. Adjusted net sales for the quarter, excluding the impact of accounting treatment for tariff refunds received in the quarter, increased 6.7% with three of our four operating segments showing strong gains, while adjusted EBITDA increased to a record-setting $63.5M."
Standard Motor Products Appoints Sunil Bhandari as COO
Standard Motor Products (SMP) announced James Burke has informed the company of his intention to step down from his role as COO, effective June 1. Burke will continue to serve on the leadership team as Executive Advisor, and as a member of the Board of Directors. SMP is pleased to announce that Sunil Bhandari will be named COO, effective June 1, and will be responsible for all SMP's operations globally. Bhandari brings more than 25 years of global business and operations leadership covering general management, manufacturing, distribution, supply chain, and engineering, spanning both OE and aftermarket businesses in the electrical and automotive sectors. He spent the past 14 years at Eaton Corporation (ETN) holding various leadership roles of increasing scope, most recently serving as Vice President, Global Aftermarket - Mobility Group. Over the years he has lived and worked in North America, Europe and Asia.
Company Reports Q1 Revenue of $451.2M
Reports Q revenue $451.2M, consensus $429.07M. CEO Eric Sills stated, "We are quite pleased with our performance in Q1. Sales for the quarter increased 9.1%, with all segments performing well, reflecting a continuation of the steady customer demand experienced throughout last year".
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