Standard Motor Products Inc

Standard Motor Products announced Friday that CFO Nathan R. Iles will resign on October 30, 2026, to join another public company and relocate closer to his family. The company appointed former CFO James J. Burke as interim CFO, effective October 30, while it searches for a permanent successor. Standard Motor Products said Iles' departure was voluntary and not related to any disagreement over company operations or financial reporting. Separately, the company will report Q3 2026 earnings before the market opens on October 30.

Standard Motor Products shares have fallen 2.7% since its second-quarter earnings report, underperforming the S&P 500. The company reported adjusted earnings of $1.40 per share, up 8.6% year over year but missing the Zacks Consensus Estimate of $1.42, while net sales rose 1.6% to $501.6 million, also below expectations. Vehicle Control sales declined 1.6% to $198.6 million, but Temperature Control jumped 15.7% to $152.0 million, Nissens rose 4.8% to $94.9 million, and Engineered Solutions climbed 16.8% to $82.0 million. Adjusted EBITDA hit a record $63.5 million, and the company reaffirmed its 2026 guidance for low to mid-single-digit sales growth and an adjusted EBITDA margin of 11% to 12%. Management also completed a joint venture with Techstrong, acquiring 50% of its Thailand sensor manufacturing operation, and approved a 33-cent quarterly dividend payable September 1. Analysts have revised estimates downward by 10.9% over the past month, leading to a Zacks Rank #4 (Sell).