0001140361-22-017418.txt : 20220503 0001140361-22-017418.hdr.sgml : 20220503 20220503102538 ACCESSION NUMBER: 0001140361-22-017418 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20220503 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20220503 DATE AS OF CHANGE: 20220503 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STANDARD MOTOR PRODUCTS, INC. CENTRAL INDEX KEY: 0000093389 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 111362020 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04743 FILM NUMBER: 22884997 BUSINESS ADDRESS: STREET 1: 37-18 NORTHERN BLVD. CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 BUSINESS PHONE: 718-392-0200 MAIL ADDRESS: STREET 1: 37-18 NORTHERN BLVD. CITY: LONG ISLAND CITY STATE: NY ZIP: 11101 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD MOTOR PRODUCTS INC DATE OF NAME CHANGE: 19920703 8-K 1 brhc10037103_8k.htm 8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 3, 2022

STANDARD MOTOR PRODUCTS, INC.
(Exact Name of Registrant as Specified in its Charter)

New York
(State or Other
Jurisdiction of Incorporation)
001-04743
(Commission File Number)
11-1362020
(I.R.S. Employee
Identification Number)

37-18 Northern Boulevard, Long Island City, New York 11101
(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code:  718-392-0200

Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425).
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $2.00 per share
SMP
New York Stock Exchange LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 2.02.
Results of Operations and Financial Condition.

On May 3, 2022, Standard Motor Products, Inc. issued a press release announcing its financial results for the three months ended March 31, 2022. A copy of such press release is furnished as Exhibit 99.1 hereto.

Such press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01.
Financial Statements and Exhibits.

(d)          Exhibits.

99.1
 
Press release dated May 3, 2022 announcing Standard Motor Products, Inc.’s financial results for the three months ended March 31, 2022.
     
104
 
Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
STANDARD MOTOR PRODUCTS, INC.
   
 
By:
/s/ Nathan R. Iles
   
Nathan R. Iles
   
Chief Financial Officer

Date: May 3, 2022


Exhibit Index

Exhibit No.
 
Description
     
     
 
Press release dated May 3, 2022 announcing Standard Motor Products, Inc.’s financial results for the three months ended March 31, 2022.
     
104
 
Cover Page Interactive Data File--the cover page XBRL tags are embedded within the Inline XBRL document.


EX-99.1 2 brhc10037103_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1



For Immediate Release
For more information, contact:
Anthony (Tony) Cristello
Standard Motor Products, Inc.
(972) 316-8107
tony.cristello@smpcorp.com

Standard Motor Products, Inc. Announces

First Quarter 2022 Results and a Quarterly Dividend

New York, NY, May 3, 2022......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months ended March 31, 2022.

Net sales for the first quarter of 2022 were $322.8 million, compared to consolidated net sales of $276.6 million during the comparable quarter in 2021. Earnings from continuing operations for the first quarter of 2022 were $20.6 million or 91 cents per diluted share, compared to $22.2 million or 97 cents per diluted share in the first quarter of 2021. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2022 were $20.6 million or 92 cents per diluted share, compared to $22.2 million or 97 cents per diluted share in the first quarter of 2021.


Mr. Eric Sills, Standard Motor Products’ Chief Executive Officer and President stated, “We are quite pleased with our first quarter results. Our sales increased nearly 17% over last year’s strong first quarter, posting our seventh consecutive record quarter, with solid performance in both divisions.

“By division, Engine Management sales were up nearly 13% in the quarter, driven by sales from acquisitions made during 2021, along with solid customer demand, price increase benefits, and phase-in of business wins.

“Turning to Temperature Control, the robust year-end demand from 2021 has continued as sales in the quarter grew 30% year over year.  This strong performance was due to a combination of strong pre-season orders, ongoing customer replenishment, and new business wins in winter-related categories.

“Looking at profitability, consolidated operating margins were in line with expectations, finishing at 8.3% in the first quarter, down from 10.6% in the first quarter of 2021. Our lower operating income was mainly the result of lower gross margins in both divisions, partly offset by continued improvement in operating costs, which were down to 19.5% of net sales in the quarter.

“As we’ve noted before, last year’s gross margin enjoyed many non-recurring benefits from reopening after COVID, while this year was impacted by inflationary headwinds and elevated supply chain costs. While we were successful in passing through some of these higher costs, we anticipate more pricing actions to be taken in 2022 to match our elevated expenses during this volatile inflationary environment. We expect our consolidated gross margin will be in the range of 28-29% for the full year after taking into account more normalized production levels, pricing to offset inflation, as well as a mix shift to higher sales in our specialized non-aftermarket channels.


“These specialized business channels, which focus on custom-engineered products for niche end markets such as medium and heavy-duty vehicles, construction and agricultural equipment, power sports, and others, represented 23% of our revenue in the first quarter of 2022, compared to 17% the prior year, with most of the growth related to our recent acquisitions. As we have stated in the past, we are quite excited about this business as it brings new customers, products and geographies and is highly complementary to our core aftermarket business.

“As we seek to improve our transparency related to sustainability, we are pleased to have recently published our 2021 Corporate Social Responsibility and Sustainability report. In it, we announced our ambition to achieve net-zero greenhouse gas emissions by 2050, and introduced specific reduction targets related to our scope 1 and scope 2 emissions, along with many other first-time environmental and diversity disclosures.

“Our strong operating results have allowed us to continue to return value to our shareholders. The Board of Directors has approved payment of a quarterly dividend of 27 cents per share on the common stock outstanding, which will be paid on June 1, 2022 to stockholders of record on May 16, 2022. Furthermore, we repurchased shares of our common stock in the amount of $6.9 million in the quarter, with $22.8 million remaining under our current share repurchase authorization.


“In closing, we are pleased with our momentum as we exit the first quarter, and remain cautiously optimistic for the balance of the year. We understand that there are various headwinds including ongoing inflation, increased borrowing costs, supply chain disruption, and an eventual normalization of demand. Still, the industry is one of resiliency, with many favorable trends such as an aging fleet, constrained new car availability, and rebounding miles driven.  Finally, thanks to our people, our position in the industry has never been stronger.”

Conference Call
Standard Motor Products, Inc. will hold a conference call at 11:00 AM, Eastern Time, on Tuesday, May 3, 2022.  This call will be web cast and can be accessed on the Investor Relations page of our website at www.smpcorp.com and clicking on the SMP Q1 2022 Earnings Webcast link.  Investors may also listen to the call by dialing 866-518-6930 (domestic) or 203-518-9822 (international).  Our playback will be made available for dial in immediately following the call.  For those choosing to listen to the replay by webcast, the link should be active on our website within 24 hours after the call.  The playback number is 800-839-4568 (domestic) or 402-220-2681 (international). The participant passcode is 94640.

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.  By making these forward-looking statements, Standard Motor Products undertakes no obligation or intention to update these statements after the date of this release.


STANDARD MOTOR PRODUCTS, INC.
Consolidated Statements of Operations

(In thousands, except per share amounts)

   
THREE MONTHS ENDED
MARCH 31,
 
   
2022
   
2021
 
   
(Unaudited)
 
NET SALES
 
$
322,831
   
$
276,553
 
                 
COST OF SALES
   
232,991
     
192,769
 
                 
GROSS PROFIT
   
89,840
     
83,784
 
                 
SELLING, GENERAL & ADMINISTRATIVE EXPENSES
   
62,884
     
54,460
 
RESTRUCTURING AND INTEGRATION EXPENSES
   
41
     
-
 
                 
OPERATING INCOME
   
26,915
     
29,324
 
                 
OTHER NON-OPERATING INCOME, NET
   
1,449
     
635
 
                 
INTEREST EXPENSE
   
805
     
209
 
                 
EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
   
27,559
     
29,750
 
                 
PROVISION FOR INCOME TAXES
   
7,005
     
7,586
 
                 
EARNINGS FROM CONTINUING OPERATIONS
   
20,554
     
22,164
 
                 
LOSS FROM DISCONTINUED OPERATION, NET OF INCOME TAXES
   
(1,116
)
   
(1,164
)
                 
NET EARNINGS
   
19,438
     
21,000
 
                 
NET EARNINGS (LOSS) ATTRIBUTABLE TO NONCONTROLLING INTEREST
   
(8
)
   
-
 
                 
NET EARNINGS ATTRIBUTABLE TO SMP (a)
 
$
19,446
   
$
21,000
 
                 
                 
NET EARNINGS ATTRIBUTABLE TO SMP
               
EARNINGS FROM CONTINUING OPERATIONS
 
$
20,562
   
$
22,164
 
LOSS FROM DISCONTINUED OPERATION, NET OF INCOME TAXES
   
(1,116
)
   
(1,164
)
TOTAL
 
$
19,446
   
$
21,000
 
                 
NET EARNINGS PER COMMON SHARE ATTRIBUTABLE TO SMP
               
BASIC EARNINGS FROM CONTINUING OPERATIONS
 
$
0.94
   
$
0.99
 
DISCONTINUED OPERATION
   
(0.06
)
   
(0.05
)
NET EARNINGS  PER COMMON SHARE - BASIC
 
$
0.88
   
$
0.94
 
                 
DILUTED EARNINGS  FROM CONTINUING OPERATIONS
 
$
0.91
   
$
0.97
 
DISCONTINUED OPERATION
   
(0.04
)
   
(0.05
)
NET EARNINGS  PER COMMON SHARE - DILUTED
 
$
0.87
   
$
0.92
 
                 
WEIGHTED AVERAGE NUMBER OF COMMON SHARES
   
21,978,507
     
22,317,959
 
WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES
   
22,477,819
     
22,765,508
 

(a) "SMP" refers to Standard Motor Products, Inc. and subsidiaries.


STANDARD MOTOR PRODUCTS, INC.
Segment Revenues and Operating Income

(In thousands)

   
THREE MONTHS ENDED
MARCH 31,
       
   
2022
       
2021
       
   
(Unaudited)
       
Revenues
                     
Ignition, Emission Control, Fuel & Safety Related System Products
 
$
200,354
       
$
173,666
       
Wire and Cable
   
38,903
         
38,352
       
Engine Management
   
239,257
         
212,018
     
                         
Compressors
   
43,277
         
33,374
     
Other Climate Control Parts
   
38,044
         
29,099
     
Temperature Control
   
81,321
         
62,473
     
                         
All Other
   
2,253
         
2,062
     
Revenues
 
$
322,831
       
$
276,553
     
                         
Gross Margin
                       
Engine Management
 
$
65,535
   
27.4%
 
$
65,070
   
30.7%

Temperature Control
   
19,986
   
24.6%
   
15,995
   
25.6%

All Other
   
4,319
         
2,719
     
Gross Margin
 
$
89,840
   
27.8%
 
$
83,784
   
30.3%

                         
Selling, General & Administrative
                       
Engine Management
 
$
38,778
   
16.2%
 
$
33,956
   
16.0%

Temperature Control
   
14,768
   
18.2%
   
12,403
   
19.9%

All Other
   
9,338
         
8,101
     
Selling, General & Administrative
 
$
62,884
   
19.5%
 
$
54,460
   
19.7%

                         
Operating Income
                       
Engine Management
 
$
26,757
   
11.2%
 
$
31,114
   
14.7%

Temperature Control
   
5,218
   
6.4%
   
3,592
   
5.7%

All Other
   
(5,019
)
       
(5,382
)
   
Subtotal
   
26,956
   
8.3%
   
29,324
   
10.6%

Restructuring & Integration
   
(41
)
 
0.0%
   
-
   
0.0%

Operating Income
 
$
26,915
   
8.3%
 
$
29,324
   
10.6%



STANDARD MOTOR PRODUCTS, INC.
Reconciliation of GAAP and Non-GAAP Measures

(In thousands, except per share amounts)
   
THREE MONTHS ENDED
             
   
MARCH 31,
             
   
2022
   
2021
             
   
(Unaudited)
             
EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP
                       
                         
GAAP EARNINGS FROM CONTINUING OPERATIONS
 
$
20,562
   
$
22,164
             
                             
RESTRUCTURING AND INTEGRATION EXPENSES
   
41
     
-
             
INCOME TAX EFFECT RELATED TO RECONCILING ITEMS
   
(11
)
   
-
             
                             
NON-GAAP EARNINGS FROM CONTINUING OPERATIONS
 
$
20,592
   
$
22,164
             
                             
                             
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP
                           
                             
GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS
 
$
0.91
   
$
0.97
             
                             
RESTRUCTURING AND INTEGRATION EXPENSES
   
0.01
     
-
             
INCOME TAX EFFECT RELATED TO RECONCILING ITEMS
   
-
     
-
             
                             
NON-GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS
 
$
0.92
   
$
0.97
             
                             
                             
OPERATING INCOME
                           
                             
GAAP OPERATING INCOME
 
$
26,915
   
$
29,324
             
                             
RESTRUCTURING AND INTEGRATION EXPENSES
   
41
     
-
   
LAST TWELVE MONTHS ENDED
 
                   
MARCH 31,
 
NON-GAAP OPERATING INCOME
 
$
26,956
   
$
29,324
     
2022
     
2021
 
                   
(Unaudited)
 
EBITDA WITHOUT SPECIAL ITEMS
                               
                                 
GAAP EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES
 
$
27,559
   
$
29,750
   
$
128,274
   
$
124,203
 
                                 
DEPRECIATION AND AMORTIZATION
   
6,952
     
6,514
     
27,681
     
26,298
 
INTEREST EXPENSE
   
805
     
209
     
2,624
     
1,664
 
EBITDA
   
35,316
     
36,473
     
158,579
     
152,165
 
                                 
RESTRUCTURING AND INTEGRATION EXPENSES
   
41
     
-
     
433
     
259
 
ONE-TIME ACQUISITION COSTS
   
-
     
-
     
1,711
     
-
 
INTANGIBLE ASSET IMPAIRMENT
   
-
     
-
     
-
     
2,600
 
SPECIAL ITEMS
   
41
     
-
     
2,144
     
2,859
 
                                 
EBITDA WITHOUT SPECIAL ITEMS
 
$
35,357
   
$
36,473
   
$
160,723
   
$
155,024
 

MANAGEMENT BELIEVES THAT NON-GAAP EARNINGS FROM CONTINUING OPERATIONS AND NON-GAAP DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS WHICH ARE ATTRIBUTABLE TO SMP, AND NON-GAAP OPERATING INCOME AND EBITDA WITHOUT SPECIAL ITEMS, EACH OF WHICH ARE NON-GAAP MEASUREMENTS AND ARE ADJUSTED FOR SPECIAL ITEMS, ARE MEANINGFUL TO INVESTORS BECAUSE THEY PROVIDE A VIEW OF THE COMPANY WITH RESPECT TO ONGOING OPERATING RESULTS.  SPECIAL ITEMS REPRESENT SIGNIFICANT CHARGES OR CREDITS THAT ARE IMPORTANT TO AN UNDERSTANDING OF THE COMPANY'S OVERALL OPERATING RESULTS IN THE PERIODS PRESENTED. SUCH NON-GAAP MEASUREMENTS ARE NOT RECOGNIZED IN ACCORDANCE WITH GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND SHOULD NOT BE VIEWED AS AN ALTERNATIVE TO GAAP MEASURES OF PERFORMANCE.


STANDARD MOTOR PRODUCTS, INC.
Condensed Consolidated Balance Sheets

(In thousands)

   
March 31,
2022
   
December 31,
2021
 
   
(Unaudited)
       
             
ASSETS
             
CASH
 
$
19,999
   
$
21,755
 
                 
ACCOUNTS RECEIVABLE, GROSS
   
231,963
     
186,774
 
ALLOWANCE FOR EXPECTED CREDIT LOSSES
   
6,660
     
6,170
 
ACCOUNTS RECEIVABLE, NET
   
225,303
     
180,604
 
                 
INVENTORIES
   
534,421
     
468,755
 
UNRETURNED CUSTOMER INVENTORY
   
22,221
     
22,268
 
OTHER CURRENT ASSETS
   
17,471
     
17,823
 
                 
TOTAL CURRENT ASSETS
   
819,415
     
711,205
 
                 
PROPERTY, PLANT AND EQUIPMENT, NET
   
102,984
     
102,786
 
OPERATING LEASE RIGHT-OF-USE ASSETS
   
42,116
     
40,469
 
GOODWILL
   
131,538
     
131,652
 
OTHER INTANGIBLES, NET
   
104,344
     
106,234
 
DEFERRED INCOME TAXES
   
35,964
     
36,126
 
INVESTMENT IN UNCONSOLIDATED AFFILIATES
   
45,518
     
44,087
 
OTHER ASSETS
   
28,530
     
25,402
 
                 
TOTAL ASSETS
 
$
1,310,409
   
$
1,197,961
 
                 
 LIABILITIES AND STOCKHOLDERS' EQUITY
                 
NOTES PAYABLE
 
$
245,450
   
$
125,298
 
CURRENT PORTION OF OTHER DEBT
   
3,235
     
3,117
 
ACCOUNTS PAYABLE
   
139,392
     
137,167
 
ACCRUED CUSTOMER RETURNS
   
46,085
     
42,412
 
ACCRUED CORE LIABILITY
   
23,513
     
23,663
 
ACCRUED REBATES
   
42,606
     
42,472
 
PAYROLL AND COMMISSIONS
   
31,972
     
45,058
 
SUNDRY PAYABLES AND ACCRUED EXPENSES
   
45,875
     
57,182
 
                 
TOTAL CURRENT LIABILITIES
   
578,128
     
476,369
 
                 
OTHER LONG-TERM DEBT
   
-
     
21
 
NONCURRENT OPERATING LEASE LIABILITY
   
32,281
     
31,206
 
ACCRUED ASBESTOS LIABILITIES
   
51,909
     
52,698
 
OTHER LIABILITIES
   
25,178
     
25,040
 
                 
TOTAL LIABILITIES
   
687,496
     
585,334
 
                 
TOTAL SMP STOCKHOLDERS' EQUITY
   
611,871
     
601,580
 
NONCONTROLLING INTEREST
   
11,042
     
11,047
 
TOTAL STOCKHOLDERS' EQUITY
   
622,913
     
612,627
 
                 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
 
$
1,310,409
   
$
1,197,961
 


STANDARD MOTOR PRODUCTS, INC.
Condensed Consolidated Statements of Cash Flows

(In thousands)

   
THREE MONTHS ENDED
MARCH 31,
 
   
2022
   
2021
 
   
(Unaudited)
 
             
CASH FLOWS FROM OPERATING ACTIVITIES
           
NET EARNINGS
 
$
19,438
   
$
21,000
 
ADJUSTMENTS TO RECONCILE NET EARNINGS TO NET CASH
               
USED IN OPERATING ACTIVITIES:
               
DEPRECIATION AND AMORTIZATION
   
6,952
     
6,514
 
OTHER
   
4,374
     
4,475
 
CHANGE IN ASSETS AND LIABILITIES:
               
ACCOUNTS RECEIVABLE
   
(44,706
)
   
23,533
 
INVENTORY
   
(67,662
)
   
(46,255
)
ACCOUNTS PAYABLE
   
1,942
     
8,419
 
PREPAID EXPENSES AND OTHER CURRENT ASSETS
   
2,171
     
3,753
 
SUNDRY PAYABLES AND ACCRUED EXPENSES
   
(21,226
)
   
(29,549
)
OTHER
   
(5,245
)
   
(3,288
)
NET CASH USED IN OPERATING ACTIVITIES
   
(103,962
)
   
(11,398
)
                 
CASH FLOWS FROM INVESTING ACTIVITIES
               
                 
ACQUISITIONS OF AND INVESTMENTS IN BUSINESSES
   
-
     
(2,081
)
CAPITAL EXPENDITURES
   
(6,449
)
   
(4,966
)
OTHER INVESTING ACTIVITIES
   
-
     
2
 
NET CASH USED IN INVESTING ACTIVITIES
   
(6,449
)
   
(7,045
)
                 
CASH FLOWS FROM FINANCING ACTIVITIES
               
                 
NET CHANGE IN DEBT
   
120,340
     
32,408
 
PURCHASE OF TREASURY STOCK
   
(6,517
)
   
(11,096
)
DIVIDENDS PAID
   
(5,935
)
   
(5,588
)
OTHER FINANCING ACTIVITIES
   
444
     
373
 
NET CASH PROVIDED BY FINANCING ACTIVITIES
   
108,332
     
16,097
 
                 
EFFECT OF EXCHANGE RATE CHANGES ON CASH
   
323
     
(42
)
NET DECREASE IN CASH AND CASH EQUIVALENTS
   
(1,756
)
   
(2,388
)
CASH AND CASH EQUIVALENTS at beginning of period
   
21,755
     
19,488
 
CASH AND CASH EQUIVALENTS at end of period
 
$
19,999
   
$
17,100
 



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    Document and Entity Information
    May 03, 2022
    Cover [Abstract]  
    Document Type 8-K
    Amendment Flag false
    Document Period End Date May 03, 2022
    Entity Registrant Name STANDARD MOTOR PRODUCTS, INC.
    Entity Incorporation, State or Country Code NY
    Entity File Number 001-04743
    Entity Tax Identification Number 11-1362020
    Entity Address, Address Line One 37-18 NORTHERN BLVD.
    Entity Address, City or Town LONG ISLAND CITY
    Entity Address, State or Province NY
    Entity Address, Postal Zip Code 11101
    City Area Code 718
    Local Phone Number 392-0200
    Written Communications false
    Soliciting Material false
    Pre-commencement Tender Offer false
    Pre-commencement Issuer Tender Offer false
    Entity Emerging Growth Company false
    Entity Central Index Key 0000093389
    Title of 12(b) Security Common Stock, par value $2.00 per share
    Trading Symbol SMP
    Security Exchange Name NYSE
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