Standard Motor Products, Inc. manufactures and distributes replacement parts for motor vehicles in the automotive aftermarket industry. It operates in two segments, Engine Management and Temperature Control. The Engine Management segment offers components for the ignition, electrical, emissions, fuel, and safety-related systems of motor vehicles under the Standard, SMP Blue Streak, BWD, Intermotor, OEM, TechSmart, GP Sorensen, Locksmart, Standard Motorcycle, and Blue Streak Race Wires brands. This segment's products include electronic ignition control modules, camshaft and crankshaft position sensors, ignition wires and coils, switches and relays, exhaust gas recirculation valves, pressure and temperature sensors, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, fuel injectors, anti-lock brake, vehicle speed, tire pressure monitoring, and park assist sensors. The Temperature Control segment provides components for the temperature control systems, engine cooling systems, power window accessories, and windshield washer systems of motor vehicles under the Four Seasons, ACI, Hayden, Factory Air, and Maxair brands. This segment also provides air conditioning compressors and repair kits, clutch and hose assemblies, blower and radiator fan motors, filter dryers, evaporators, accumulators, thermal expansion devices, heater valves and cores, A/C service tools and chemicals, fan assemblies and clutches, oil coolers, window lift motors, window regulators and assemblies, and windshield washer pumps. The company sells its products to automotive aftermarket retailers, program distribution groups, warehouse distributors, and original equipment service part operations and manufacturers in the United States, Canada, Mexico, Europe, Asia, and other Latin American countries. Standard Motor Products, Inc. was founded in 1919 and is headquartered in Long Island City, New York.
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Here are 1-3 brief analogies for Standard Motor Products (SMP):
- The primary supplier to auto parts retailers like AutoZone or O'Reilly Auto Parts.
- Like a Grainger or Fastenal, but specializing in automotive maintenance and repair parts.
- The equivalent of a BorgWarner or Aptiv, but focused on the replacement parts market rather than new vehicle manufacturing.
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- Engine Management Components: Manufactures and distributes automotive parts critical for engine performance, fuel delivery, and emissions control.
- Temperature Control Products: Supplies components for vehicle air conditioning and heating systems, such as compressors, condensers, and heater cores.
- Wire and Cable: Offers various automotive electrical products, including battery cables, spark plug wires, and electrical connectors.
- Heavy Duty Parts: Provides specialized engine management and temperature control components for commercial vehicles and off-highway equipment.
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Standard Motor Products (SMP) primarily sells its automotive replacement parts to other companies, operating within the automotive aftermarket distribution channel. These customers are typically large retailers, wholesale distributors, and original equipment service channels.
Its major customers include:
- AutoZone, Inc. (Symbol: AZO)
- Advance Auto Parts, Inc. (Symbol: AAP)
- O'Reilly Automotive, Inc. (Symbol: ORLY)
- Genuine Parts Company (Symbol: GPC) - Parent company of NAPA Auto Parts and other automotive parts distributors.
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Eric P. Sills, Chairman of the Board, Chief Executive Officer & President
Eric P. Sills has served as the Chief Executive Officer, Chairman, and President of Standard Motor Products since March 2016. He was appointed CEO in February 2015, and has a tenure of 10.75 years with the company. Prior to his current role, he held various positions within SMP, including Vice President of Global Operations from January 2013 to February 2015, and Vice President of the Engine Management Division from 2006 to January 2013. He also served as General Manager of LIC Operations, Director of Product Management, and Plant Manager of the Oxygen Sensor Business Unit from 1991 to 2006. Eric P. Sills is the son of Lawrence I. Sills, who previously held the roles of CEO and Chairman at Standard Motor Products.
Nathan R. Iles, Chief Financial Officer
Nathan R. Iles was appointed Chief Financial Officer of Standard Motor Products in 2019. Before joining SMP, Mr. Iles served as Vice President and Chief Financial Officer at UCI International Holdings, Inc. from 2016 to 2019. His experience at UCI International Holdings also includes serving as Chief Financial Officer of UCI's ASC/Airtex Performance Pumps business from 2015 to 2016 and Vice President of Corporate Finance for UCI-FRAM Auto Brands from 2011 to 2015. Additionally, he held finance and accounting positions at Sears Holdings Corporation and Deloitte & Touche. Mr. Iles holds a Master of Business Administration degree from the University of Chicago Booth School of Business and a Bachelor of Business Administration degree from Eastern Kentucky University, and is a Certified Public Accountant.
James J. Burke, Chief Operating Officer and Director
James J. Burke has served as the Chief Operating Officer of Standard Motor Products since 2019 and as a Director since 2022. He previously held the position of Chief Financial Officer from 1999 to 2019. Mr. Burke has been with Standard Motor Products since 1986 and possesses 40 years of experience in the automotive aftermarket. His prior roles at SMP include Executive Vice President Finance from 2016 to 2019, Vice President Finance from 1999 to 2016, Director of Finance and Chief Accounting Officer from 1998 to 1999, and Corporate Controller from 1993 to 1997.
Lawrence I. Sills, Executive Chairman of the Board
Lawrence I. Sills has been the Executive Chairman of the Board of Standard Motor Products since March 2016, and has served as a director of the company since 1986. He held the roles of Chairman of the Board and Chief Executive Officer from December 2000 to March 2016. Prior to that, he was President and Chief Operating Officer from 1986 to 2000, and Vice President of Operations from 1983 to 1986. Mr. Sills has also served as President of Stanric Inc. and as Director of Strategic Development at Quantum Technology Sciences, Inc. He is the father of current CEO, Eric P. Sills. He holds an MBA from Harvard Business School and a BA from Dartmouth College.
Dale Burks, Chief Commercial Officer & Executive Vice President
Dale Burks has been the Chief Commercial Officer and Executive Vice President at Standard Motor Products since March 2016.
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The accelerating global transition from internal combustion engine (ICE) vehicles to electric vehicles (EVs) presents a clear emerging threat. A significant portion of Standard Motor Products' revenue is derived from engine management components and traditional temperature control parts designed for ICE vehicles. EVs have fundamentally different powertrains and thermal management systems, requiring fewer or entirely different replacement parts compared to ICE vehicles. As the global vehicle fleet electrifies, demand for many of SMP's core product lines is expected to decline over time, impacting future revenue streams and market relevance.
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Standard Motor Products (SMP) operates primarily within the automotive aftermarket, with two main product segments: Engine Management and Temperature Control. They also provide engineered solutions to vehicle and equipment manufacturers and have a presence in the European aftermarket through Nissens.
Addressable Markets for Standard Motor Products' Main Products and Services:
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Automotive Aftermarket (Overall)
- U.S. Market: The entire U.S. automotive aftermarket, which includes light, medium, and heavy-duty vehicles, is projected to be nearly $535 billion in 2024. The U.S. light-duty automotive aftermarket alone is a $405 billion industry in 2024, with a projected compound annual growth rate of nearly 6% through 2026. Another estimate places the U.S. automotive aftermarket size at approximately USD 228.19 billion in 2024, with a projection to surpass USD 350.64 billion by 2034. The U.S. automotive aftermarket parts market reached USD 229.31 billion in 2025 and is forecast to climb to USD 283.45 billion by 2030.
- North American Market: The North America automotive aftermarket industry size was estimated at USD 108.73 billion in 2024 and is projected to grow to USD 127.51 billion by 2030.
- Global Market: The global automotive aftermarket industry size was estimated at USD 468.91 billion in 2024 and is projected to reach USD 589.01 billion by 2030. Other estimates place the global market at USD 674.61 billion in 2024, projected to reach USD 804.87 billion by 2030, or USD 430.51 billion in 2024, growing to USD 565.73 billion by 2032.
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Engine Management Products
SMP's Engine Management segment includes products such as electronic ignition control modules, sensors (camshaft, crankshaft, pressure, temperature, ABS, vehicle speed, tire pressure monitoring, park assist), ignition wires and coils, fuel delivery components, exhaust gas recirculation valves, variable valve timing components, mass airflow and fuel pressure sensors, electronic throttle bodies, and diesel injectors and pumps.
- U.S. Market: The U.S. automotive engine management system market size was estimated at USD 8.71 billion in 2024 and is projected to grow to USD 10.54 billion in 2030.
- Global Market: The global automotive engine management system market size was valued at USD 59.32 billion in 2024 and is projected to reach USD 73.04 billion by 2033. Another report valued the global market at USD 98.18 billion in 2023, with projections to reach US$ 144.73 billion by 2030.
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Temperature Control Products
SMP's Temperature Control segment provides components for vehicle temperature control systems, engine cooling systems, power window accessories, and windshield washer systems. This includes items like A/C compressors, evaporators, condensers, heater cores, and fan assemblies.
- U.S. Market (Automotive Climate Control): The U.S. automotive climate control market is projected to reach USD 10 billion by 2034. The United States Automotive Temperature Sensor Market, a component of this, was valued at USD 2.31 billion in 2024 and is expected to reach USD 3.40 billion by 2030.
- Global Market (Automotive Climate Control/Thermal Systems): The global automotive climate control market size was valued at USD 11.5 billion in 2024 and is projected to grow to USD 38.4 billion by 2034. The global automotive climate control system market size was valued at USD 8.4 billion in 2022 and is projected to reach USD 27.3 billion by 2032. The global automotive thermal systems market size surpassed US$ 42 billion in 2022 and is estimated to reach around USD 64.29 billion by 2032.
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Standard Motor Products (SMP) is anticipated to drive future revenue growth over the next 2-3 years through a combination of strategic acquisitions, sustained aftermarket demand, and product portfolio expansion.
Here are the key expected drivers:
- Integration and Expansion of Nissens Automotive: The acquisition of Nissens Automotive has been a significant contributor to SMP's sales growth and is expected to continue driving revenue. Nissens has shown strong performance, expanding sales across Europe and introducing new SKUs to the North American market, contributing substantially to consolidated sales.
- Stable North American Aftermarket Demand: SMP benefits from a resilient North American aftermarket, characterized by a growing "do-it-for-me" (DIFM) market, an increasing number of registered cars in the U.S., and a rising average vehicle age of 12.3 years. This steady demand for non-discretionary replacement parts provides a consistent revenue stream.
- Growth in the Temperature Control Segment: The Temperature Control segment has demonstrated robust sales increases, driven by strong demand and successful market share gains. This segment is highlighted as a vital part of the company's portfolio contributing significantly to overall growth.
- Product Line Expansion and New SKUs: Beyond the Nissens acquisition, Standard Motor Products is focused on continuously expanding its broader product line and introducing new stock-keeping units (SKUs) across its segments. This strategy aims to capture additional market share and meet evolving customer needs.
- Strategic Cost Management and Price Adjustments: While not a direct revenue driver, the company's focus on cost containment initiatives, including optimizing its supply chain and leveraging operating expenses, contributes to healthier margins. Furthermore, SMP has implemented price pass-throughs as a mitigation strategy against tariff costs, which can also influence revenue.
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Share Repurchases
- Standard Motor Products spent $10.4 million to repurchase 321,000 shares in 2024.
- As of June 30, 2025, the company had $19.6 million remaining under its share repurchase authorization.
- Under a buyback plan announced on August 3, 2022, 321,229 shares were repurchased for $10.41 million as of August 5, 2025.
Share Issuance
- The number of outstanding shares was approximately 22.36 million as of February 22, 2021.
- Outstanding shares were reported at 21.92 million as of February 20, 2024.
- As of November 10, 2025, shares outstanding were 21.99 million.
Outbound Investments
- Standard Motor Products acquired Nissens Automotive in November 2024 for $388 million, expanding its European presence and product portfolio in engine cooling, air conditioning, and EV components.
- The company acquired Trombetta on June 1, 2021, for $108 million, gaining a leader in power switching and power management products.
- In March 2021, SMP acquired the particulate matter sensor business of Stoneridge, Inc., which provided access to advanced emissions control technology.
Capital Expenditures
- Capital expenditures for the first nine months of 2025 were $29.3 million, with $9.6 million allocated to a new distribution center.
- In 2024, capital expenditures amounted to $44.0 million.
- A $50 million investment in a new distribution center in Shawnee, Kansas, is aimed at reducing logistics costs and improving efficiency.
