{"id":441892,"date":"2021-02-23T08:33:25","date_gmt":"2021-02-23T13:33:25","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441892"},"modified":"2021-02-23T08:33:25","modified_gmt":"2021-02-23T13:33:25","slug":"standard-motor-products-inc-announces-fourth-quarter-and-2020-year-end-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/standard-motor-products-inc-announces-fourth-quarter-and-2020-year-end-results\/","title":{"rendered":"Standard Motor Products, Inc. Announces Fourth Quarter and 2020 Year-End Results"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n NEW YORK<\/span>, Feb. 23, 2021<\/span> \/PRNewswire\/ —\u00a0Standard Motor Products, Inc. (NYSE: SMP), a leading automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three\u00a0months\u00a0and twelve months\u00a0ended December 31, 2020<\/span>. <\/p>\n

Consolidated net sales for the fourth\u00a0quarter of 2020\u00a0were $282<\/span>.7\u00a0million, compared to consolidated net sales of $241.3 million<\/span> during the comparable quarter in 2019. Earnings from continuing operations for the fourth\u00a0quarter of 2020\u00a0were $22<\/span>.7\u00a0million or $1.00<\/span> per diluted share, compared to $12<\/span>.7\u00a0million or 56 cents<\/span> per diluted share in the fourth\u00a0quarter of 2019. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the fourth\u00a0quarter of 2020\u00a0were $24<\/span>.7\u00a0million or $1.08<\/span> per diluted share, compared to $13<\/span>.6\u00a0million or 59 cents<\/span> per diluted share in the fourth\u00a0quarter of 2019.<\/p>\n

Consolidated net sales for the twelve months ended December 31, 2020<\/span>, were $1,128.6 million<\/span>, compared to consolidated net sales of $1,137.9 million<\/span> during the comparable period in 2019.\u00a0 Earnings from continuing operations for the twelve months ended December 31, 2020<\/span>, were $80.4 million<\/span> or $3.52<\/span> per diluted share, compared to $69.1 million<\/span> or $3.03<\/span> per diluted share in the comparable period of 2019.\u00a0 Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the twelve months ended December 31, 2020<\/span> and 2019 were $82.4 million<\/span> or $3.61<\/span> per diluted share and $70.8 million<\/span> or $3.10<\/span> per diluted share, respectively. <\/p>\n

Loss from discontinued operations, net of income taxes, in the fourth quarter of 2020 was $13.6 million<\/span> compared to $1.2 million<\/span> in the comparable period last year. The loss pertains to asbestos-related liabilities from a brake business, originally acquired in 1986 and subsequently divested in 1998, and are adjusted at least annually, when the Company engages an independent actuary to assess the Company’s exposure.\u00a0<\/p>\n

Mr. Eric Sills<\/span>, Standard Motor Products’ Chief Executive Officer and President stated, “We are very pleased with our fourth quarter results, as we achieved records in both sales and earnings from continuing operations. After a very difficult second quarter when we experienced a slowdown caused by the pandemic, business rebounded in the second half, and we ended within one percent of our 2019 full-year revenue, setting a new high for full-year earnings from continuing operations.<\/p>\n

“By segment, Engine Management sales were up 14.8% in the quarter, due to a combination of carry-over of an order backlog coming out of the third quarter, and generally strong demand across our entire customer base. Customer POS was consistently up in the mid-single digits, reflecting ongoing positive sell-through.\u00a0 Temperature Control sales were up 30% in the quarter, as the warm weather continued into the period. <\/p>\n

“Our strong profits for the quarter were mainly the result of increased absorption in our plants from elevated sales and production levels. For the full year, our record profits were primarily due to higher production levels in certain periods and annual savings initiatives, and to a lesser extent by certain non-recurring benefits from cost reduction initiatives and COVID-related government incentives, partially offset by COVID-related costs.<\/p>\n

“Looking forward, we enter 2021 with many positives \u2013 our industry remains healthy and our customers’ POS has remained strong. However, as previously announced in December, we were informed of the loss of a major account in our Engine Management segment. When we initially reported the loss, the timing was still uncertain. We now know that the business will be phased out over the course of the first quarter of 2021. As we said before, the loss was due to a shift in business strategy by the customer, and we are aggressively working to reduce costs accordingly while we seek to replace the business. We remain very confident in our go-to-market strategy, which continues to be very well received by the balance of our customers. In fact, we are delighted to announce that we just received the 2020 Supplier of the Year award from O’Reilly Auto Parts, in which they recognized the strength of our partnership.<\/p>\n

“We are very excited to announce the publication of our inaugural Sustainability Report, now available on our website. We believe we have a long heritage of investing in our people, our communities, and our planet, and we are pleased to share the details publicly.<\/p>\n

“As we continue to return value to our shareholders, our Board of Directors recently approved the payment of a quarterly dividend of 25 cents<\/span> per share, payable on March 1, 2021<\/span>. Our Board has also authorized an additional $20 million<\/span> common stock repurchase plan, which when added to the amount remaining under the prior plan will allow us to repurchase up to $26.5 million<\/span> of our outstanding shares. We repurchased shares of our common stock in the amount of $4.8 million<\/span> during the fourth quarter of 2020.” <\/p>\n

Mr. Lawrence I. Sills<\/span>, Chairman of the Board, then stated “Mr. Roger M. Widmann<\/span> announced that he will retire from the Board this coming May, at the conclusion of his term. Roger has been a valuable member of our Board, where he has served since 2005, including as Chairman of our Compensation and Management Development Committee for the past nine years. He has been a major contributor in all areas, and he will be missed. We wish him a well-deserved retirement.”\u00a0\u00a0<\/p>\n

Mr. Eric Sills<\/span> continued, “In conclusion, as we reflect back on a year unlike any in history, certain positives come to mind. First, we cannot be more proud of our employees, who helped us navigate uncharted waters with tremendous dedication and skill. We owe them a debt of gratitude. Second, it demonstrated once again the resiliency of the automotive aftermarket, proving how essential it is to the basic functioning of our country and its infrastructure. We remain very confident about our future.”<\/p>\n

\n
\n Conference Call<\/i>
\n <\/b>\n <\/p>\n

Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time<\/span>, on Tuesday, February 23<\/span>, 2021.\u00a0 The dial-in number is 888-632-3389 (domestic) or 785-424-1674 (international). The playback number is 800-839-9725 (domestic) or 402-220-6093 (international). The participant passcode is 62175.<\/p>\n

\n Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Standard Motor Products cautions investors that any forward-looking statements made by the company, including those that may be made in this press release, are based on management’s expectations at the time they are made, but they are subject to risks and uncertainties that may cause actual results, events or performance to differ materially from those contemplated by such forward looking statements. Among the factors that could cause actual results, events or performance to differ materially from those risks and uncertainties discussed in this press release are those detailed from time-to-time in prior press releases and in the company’s filings with the Securities and Exchange Commission, including the company’s annual report on Form 10-K and quarterly reports on Form 10-Q.\u00a0 By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.<\/i>\n <\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n STANDARD MOTOR PRODUCTS, INC.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Consolidated Statements of Operations<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (In thousands, except per share amounts)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n THREE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n TWELVE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET SALES<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0282,738<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0241,252<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,128,588<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 1,137,913<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n COST OF SALES<\/span>\n <\/p>\n<\/td>\n

\n

\n 188,584<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 168,408<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 791,933<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 806,113<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GROSS PROFIT<\/span>\n <\/p>\n<\/td>\n

\n

\n 94,154<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 72,844<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 336,655<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 331,800<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n SELLING, GENERAL & ADMINISTRATIVE EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n

\n 60,972<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 54,232<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 224,670<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 234,715<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTANGIBLE ASSET IMPAIRMENT<\/span>\n <\/p>\n<\/td>\n

\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n RESTRUCTURING AND INTEGRATION EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,116<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 464<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,585<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER INCOME (EXPENSE), NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 5<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (26)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n OPERATING INCOME\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 30,587<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 17,506<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 108,895<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 94,495<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n OTHER NON-OPERATING INCOME, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 220<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 305<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 812<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,587<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n INTEREST EXPENSE<\/span>\n <\/p>\n<\/td>\n

\n

\n 221<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 967<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,328<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,286<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 30,586<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 16,844<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 107,379<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 91,796<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n PROVISION FOR INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,844<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,106<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,962<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,745<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n EARNINGS FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,742<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12,738<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 80,417<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 69,051<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n LOSS FROM DISCONTINUED OPERATION, NET OF INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n (13,568)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,220)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (23,024)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11,134)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NET EARNINGS<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 9,174<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a011,518<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a057,393<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a057,917<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n<\/tr>\n
\n

\n NET EARNINGS PER COMMON SHARE:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0 BASIC EARNINGS FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.57<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3.59<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3.09<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0 DISCONTINUED OPERATION<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.61)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.06)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.02)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.50)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0 NET EARNINGS PER COMMON SHARE – BASIC<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.41<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.51<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2.57<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2.59<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0 DILUTED EARNINGS FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.56<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 3.03<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0 DISCONTINUED OPERATION<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.60)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.06)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.49)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0\u00a0 NET EARNINGS PER COMMON SHARE – DILUTED<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.40<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 0.50<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2.51<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 2.54<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n WEIGHTED AVERAGE NUMBER OF COMMON SHARES<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,379,056<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,434,134<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,374,123<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,378,414<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,855,523<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,882,235<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,825,885<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22,818,451<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n STANDARD MOTOR PRODUCTS, INC.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Segment Revenues and Operating Income<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (In thousands)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n THREE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n TWELVE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n
\n Revenues<\/i>
\n <\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Ignition, Emission Control, Fuel & Safety<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0 Related System Products<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 193,518<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ 167,276<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ 691,722<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ 705,994<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Wire and Cable<\/span>\n <\/p>\n<\/td>\n

\n

\n 38,342<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 34,681<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 143,963<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 143,167<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Engine Management<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 231,860<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 201,957<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 835,685<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 849,161<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Compressors<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,060<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 15,405<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 163,071<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 160,485<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Other Climate Control Parts<\/span>\n <\/p>\n<\/td>\n

\n

\n 25,667<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 21,319<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 118,883<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 117,870<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Temperature Control<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 47,727<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 36,724<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 281,954<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 278,355<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n All Other<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,151<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,571<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10,949<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10,397<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Revenues<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 282,738<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ \u00a0 241,252<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ 1,128,588<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ 1,137,913<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n
\n Gross Margin<\/i>
\n <\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Engine Management<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 76,451<\/span>\n <\/p>\n<\/td>\n

\n

\n 33.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 61,823<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.6%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 251,747<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.1%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 251,560<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Temperature Control<\/span>\n <\/p>\n<\/td>\n

\n

\n 14,333<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 8,349<\/span>\n <\/p>\n<\/td>\n

\n

\n 22.7%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 75,161<\/span>\n <\/p>\n<\/td>\n

\n

\n 26.7%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 70,064<\/span>\n <\/p>\n<\/td>\n

\n

\n 25.2%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n All Other<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,370<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,672<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 9,747<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 10,176<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Gross Margin<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 94,154<\/span>\n <\/p>\n<\/td>\n

\n

\n 33.3%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 72,844<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.2%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0336,655<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.8%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0331,800<\/span>\n <\/p>\n<\/td>\n

\n

\n 29.2%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n
\n Selling, General & Administrative<\/i>
\n <\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Engine Management<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 37,203<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 34,439<\/span>\n <\/p>\n<\/td>\n

\n

\n 17.1%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0137,440<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.4%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0145,162<\/span>\n <\/p>\n<\/td>\n

\n

\n 17.1%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Temperature Control<\/span>\n <\/p>\n<\/td>\n

\n

\n 13,297<\/span>\n <\/p>\n<\/td>\n

\n

\n 27.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,364<\/span>\n <\/p>\n<\/td>\n

\n

\n 30.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 53,865<\/span>\n <\/p>\n<\/td>\n

\n

\n 19.1%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 56,397<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.3%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n All Other<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,472<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 8,429<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 33,365<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 33,156<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Selling, General & Administrative<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 60,972<\/span>\n <\/p>\n<\/td>\n

\n

\n 21.6%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 54,232<\/span>\n <\/p>\n<\/td>\n

\n

\n 22.5%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0224,670<\/span>\n <\/p>\n<\/td>\n

\n

\n 19.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0234,715<\/span>\n <\/p>\n<\/td>\n

\n

\n 20.6%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n
\n Operating Income<\/i>
\n <\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Engine Management<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 39,248<\/span>\n <\/p>\n<\/td>\n

\n

\n 16.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 27,384<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.6%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0114,307<\/span>\n <\/p>\n<\/td>\n

\n

\n 13.7%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0106,398<\/span>\n <\/p>\n<\/td>\n

\n

\n 12.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Temperature Control<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,036<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.2%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (3,015)<\/span>\n <\/p>\n<\/td>\n

\n

\n -8.2%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 21,296<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.6%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 13,667<\/span>\n <\/p>\n<\/td>\n

\n

\n 4.9%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n All Other<\/span>\n <\/p>\n<\/td>\n

\n

\n (7,102)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (5,757)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (23,618)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (22,980)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Subtotal<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 33,182<\/span>\n <\/p>\n<\/td>\n

\n

\n 11.7%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,612<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.7%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 111,985<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 97,085<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.5%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Intangible Asset Impairment<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (2,600)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.9%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,600)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.2%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Restructuring & Integration<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,116)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.5%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (464)<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,585)<\/span>\n <\/p>\n<\/td>\n

\n

\n -0.2%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Other Income (Expense), Net<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 5<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 10<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (26)<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5)<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.0%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Operating Income<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 30,587<\/span>\n <\/p>\n<\/td>\n

\n

\n 10.8%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 17,506<\/span>\n <\/p>\n<\/td>\n

\n

\n 7.3%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0108,895<\/span>\n <\/p>\n<\/td>\n

\n

\n 9.6%<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a094,495<\/span>\n <\/p>\n<\/td>\n

\n

\n 8.3%<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n STANDARD MOTOR PRODUCTS, INC.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Reconciliation of GAAP and Non-GAAP Measures<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (In thousands, except per share amounts)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n

\n THREE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n TWELVE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n
\n EARNINGS FROM CONTINUING OPERATIONS<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GAAP EARNINGS FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $22,742<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $12,738<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ \u00a080,417<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $69,051<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n RESTRUCTURING AND INTEGRATION EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,116<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 464<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,585<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTANGIBLE ASSET IMPAIRMENT<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CERTAIN TAX CREDITS AND PRODUCTION DEDUCTIONS FINALIZED IN PERIOD<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (235)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (144)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INCOME TAX EFFECT RELATED TO RECONCILING ITEMS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (676)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (291)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (797)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (673)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NON-GAAP EARNINGS FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $24,666<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $13,563<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ \u00a082,449<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $70,819<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.00<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a00.56<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 3.52<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a03.03<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n RESTRUCTURING AND INTEGRATION EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.05<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INTANGIBLE ASSET IMPAIRMENT<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CERTAIN TAX CREDITS AND PRODUCTION DEDUCTIONS FINALIZED IN PERIOD<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.01)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INCOME TAX EFFECT RELATED TO RECONCILING ITEMS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.02)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n (0.03)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.03)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NON-GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a01.08<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a00.59<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 3.61<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a03.10<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n OPERATING INCOME<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n GAAP OPERATING INCOME<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $30,587<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $17,506<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $108,895<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $94,495<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n INTANGIBLE ASSET IMPAIRMENT<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 2,600<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n RESTRUCTURING AND INTEGRATION EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,116<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 464<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,585<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER (INCOME) EXPENSE, NET<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n 26<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NON-GAAP OPERATING INCOME<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $33,182<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $18,612<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n

\n $111,985<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $97,085<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n

\n\n\n\n
\n \n <\/td>\n<\/tr>\n
\n

\n MANAGEMENT BELIEVES THAT EARNINGS FROM CONTINUING OPERATIONS, DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS, AND OPERATING INCOME,\u00a0<\/span>
\n EACH OF WHICH ARE NON-GAAP MEASUREMENTS AND ARE ADJUSTED FOR SPECIAL ITEMS, ARE MEANINGFUL TO INVESTORS BECAUSE THEY PROVIDE A VIEW OF THE\u00a0<\/span>
\n COMPANY WITH RESPECT TO ONGOING OPERATING RESULTS. SPECIAL ITEMS REPRESENT SIGNIFICANT CHARGES OR CREDITS THAT ARE IMPORTANT TO AN <\/span>
\n UNDERSTANDING OF THE COMPANY’S OVERALL OPERATING RESULTS IN THE PERIODS PRESENTED. SUCH NON-GAAP MEASUREMENTS ARE NOT RECOGNIZED IN\u00a0<\/span>
\n ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND SHOULD NOT BE VIEWED AS AN ALTERNATIVE TO GAAP MEASURES OF PERFORMANCE.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n STANDARD MOTOR PRODUCTS, INC.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Condensed Consolidated Balance Sheets<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (In thousands)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n ASSETS<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n CASH<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a019,488<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a010,372<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n ACCOUNTS RECEIVABLE, GROSS<\/span>\n <\/p>\n<\/td>\n

\n

\n 203,861<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 131,852<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ALLOWANCE FOR DOUBTFUL ACCOUNTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 5,822<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,212<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCOUNTS RECEIVABLE, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 198,039<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 126,640<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n INVENTORIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 345,502<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 368,221<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n UNRETURNED CUSTOMER INVENTORY<\/span>\n <\/p>\n<\/td>\n

\n

\n 19,632<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 19,722<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PREPAID EXPENSES AND OTHER CURRENT ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n 15,875<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 15,602<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n TOTAL CURRENT ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n 598,536<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 540,557<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n PROPERTY, PLANT AND EQUIPMENT, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 89,105<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 89,649<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OPERATING LEASE RIGHT-OF-USE ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n 29,958<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 36,020<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n GOODWILL<\/span>\n <\/p>\n<\/td>\n

\n

\n 77,837<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 77,802<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER INTANGIBLES, NET<\/span>\n <\/p>\n<\/td>\n

\n

\n 54,004<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 64,861<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n DEFERRED INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 44,770<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 37,272<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INVESTMENT IN UNCONSOLIDATED AFFILIATES<\/span>\n <\/p>\n<\/td>\n

\n

\n 40,507<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 38,858<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n 21,823<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 18,835<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n TOTAL ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 956,540<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 903,854<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NOTES PAYABLE<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a010,000<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a052,460<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CURRENT PORTION OF OTHER DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 135<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,456<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCOUNTS PAYABLE<\/span>\n <\/p>\n<\/td>\n

\n

\n 100,018<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 92,535<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCRUED CUSTOMER RETURNS<\/span>\n <\/p>\n<\/td>\n

\n

\n 40,982<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 35,240<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCRUED CORE LIABILITY<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,014<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 24,357<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCRUED REBATES<\/span>\n <\/p>\n<\/td>\n

\n

\n 46,437<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,072<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PAYROLL AND COMMISSIONS<\/span>\n <\/p>\n<\/td>\n

\n

\n 35,938<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 26,649<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n SUNDRY PAYABLES AND ACCRUED EXPENSES<\/span>\n <\/p>\n<\/td>\n

\n

\n 47,078<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 38,819<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n TOTAL CURRENT LIABILITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 302,602<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 300,588<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n OTHER LONG-TERM DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n 97<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 129<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NONCURRENT OPERATING LEASE LIABILITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 22,450<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 28,376<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCRUED ASBESTOS LIABILITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 55,226<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 49,696<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER LIABILITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 25,929<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 20,837<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0TOTAL LIABILITIES\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 406,304<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 399,626<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0TOTAL STOCKHOLDERS’ EQUITY\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 550,236<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 504,228<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 956,540<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 903,854<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n STANDARD MOTOR PRODUCTS, INC.<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Condensed Consolidated Statements of Cash Flows<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (In thousands)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n TWELVE MONTHS ENDED<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n DECEMBER 31,<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n 2020<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2019<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n (Unaudited)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n CASH FLOWS FROM OPERATING ACTIVITIES<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NET EARNINGS\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 57,393<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 57,917<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ADJUSTMENTS TO RECONCILE NET EARNINGS TO NET CASH<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n PROVIDED BY OPERATING ACTIVITIES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n DEPRECIATION AND AMORTIZATION<\/span>\n <\/p>\n<\/td>\n

\n

\n 26,323<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 25,809<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n DEFERRED INCOME TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n (7,470)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 5,094<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n LOSS FROM DISCONTINUED OPERATIONS, NET OF TAXES<\/span>\n <\/p>\n<\/td>\n

\n

\n 23,024<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,134<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER<\/span>\n <\/p>\n<\/td>\n

\n

\n 18,768<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,359<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CHANGE IN ASSETS AND LIABILITIES:<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n ACCOUNTS RECEIVABLE<\/span>\n <\/p>\n<\/td>\n

\n

\n (71,933)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,789<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n INVENTORIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 17,984<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (17,901)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n ACCOUNTS PAYABLE<\/span>\n <\/p>\n<\/td>\n

\n

\n 7,428<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (1,950)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PREPAID EXPENSES AND OTHER CURRENT ASSETS<\/span>\n <\/p>\n<\/td>\n

\n

\n (370)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (8,296)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n SUNDRY PAYABLES AND ACCRUED EXPENSES\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n 40,651<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (2,957)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER<\/span>\n <\/p>\n<\/td>\n

\n

\n (13,902)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (6,070)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET CASH PROVIDED BY OPERATING ACTIVITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 97,896<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 76,928<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n CASH FLOWS FROM INVESTING ACTIVITIES<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n ACQUISITIONS OF AND INVESTMENTS IN BUSINESSES<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (43,490)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET PROCEEDS FROM SALE OF FACILITY<\/span>\n <\/p>\n<\/td>\n

\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 4,801<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CAPITAL EXPENDITURES<\/span>\n <\/p>\n<\/td>\n

\n

\n (17,820)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (16,185)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER INVESTING ACTIVITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n 21<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 62<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET CASH USED IN INVESTING ACTIVITIES\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n (17,799)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (54,812)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n
\n CASH FLOWS FROM FINANCING ACTIVITIES<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n NET CHANGE IN DEBT<\/span>\n <\/p>\n<\/td>\n

\n

\n (46,708)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 7,860<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n PURCHASE OF TREASURY STOCK<\/span>\n <\/p>\n<\/td>\n

\n

\n (13,482)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (10,738)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n DIVIDENDS PAID<\/span>\n <\/p>\n<\/td>\n

\n

\n (11,218)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (20,593)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n OTHER FINANCING ACTIVITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n (108)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 93<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET CASH USED IN FINANCING ACTIVITIES<\/span>\n <\/p>\n<\/td>\n

\n

\n (71,516)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (23,378)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n EFFECT OF EXCHANGE RATE CHANGES ON CASH<\/span>\n <\/p>\n<\/td>\n

\n

\n 535<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 496<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS<\/span>\n <\/p>\n<\/td>\n

\n

\n 9,116<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (766)<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CASH AND CASH EQUIVALENTS at beginning of year<\/span>\n <\/p>\n<\/td>\n

\n

\n 10,372<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 11,138<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n CASH AND CASH EQUIVALENTS at end of year<\/span>\n <\/p>\n<\/td>\n

\n

\n $ 19,488<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n $ 10,372<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n

\u00a0<\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/standard-motor-products-inc-announces-fourth-quarter-and-2020-year-end-results-301232953.html<\/a><\/p>\n

SOURCE Standard Motor Products, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Feb. 23, 2021 \/PRNewswire\/ —\u00a0Standard Motor Products, Inc. (NYSE: SMP), a leading automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three\u00a0months\u00a0and twelve months\u00a0ended December 31, 2020. Consolidated net sales for the fourth\u00a0quarter of 2020\u00a0were $282.7\u00a0million, compared to consolidated net sales of $241.3 million during the comparable quarter in 2019. Earnings from continuing operations for the fourth\u00a0quarter of 2020\u00a0were $22.7\u00a0million or $1.00 per diluted share, compared to $12.7\u00a0million or 56 cents per diluted share in the fourth\u00a0quarter of 2019. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the fourth\u00a0quarter of 2020\u00a0were $24.7\u00a0million or $1.08 per diluted share, compared to … <\/p>\n

Continue reading “Standard Motor Products, Inc. Announces Fourth Quarter and 2020 Year-End Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441892","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nStandard Motor Products, Inc. Announces Fourth Quarter and 2020 Year-End Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/standard-motor-products-inc-announces-fourth-quarter-and-2020-year-end-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Standard Motor Products, Inc. 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