Standard Motor Products, Inc. (NYSE: SMP)

Standard Motor Products, Inc. is a leading manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets.

The company generates revenue primarily through the sale of premium replacement parts and custom-engineered solutions. Its product offerings include engine management components, electrical and safety systems, wire sets, air conditioning system components, thermal management products, sensors, switches, power distribution systems, electrification and electronics, injection and fuel delivery systems, ignition and emissions parts, and clamping devices. These products are sold to retailers, warehouse distributors, original equipment manufacturers, and original equipment service part operations in the United States, Europe, Canada, Mexico, and other foreign countries.

The company operates through the following segments: Vehicle Control, Temperature Control, Nissens Automotive, and Engineered Solutions.

• Vehicle Control supplies the automotive aftermarket with premium replacement parts in engine management, electrical and safety systems, and wire sets and other ignition-related components.

• Temperature Control supplies the automotive aftermarket with premium replacement parts in air conditioning system components and other thermal components for engine, transmission, electric drive motor, and battery temperature management.

• Nissens Automotive supplies the automotive aftermarket with premium replacement parts in engine cooling, air conditioning, and engine efficiency products such as radiators, oil coolers, compressors, condensers, turbochargers, intercoolers, and related electronics.

• Engineered Solutions services vehicle and equipment manufacturing customers across commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics, and lawn and garden through custom-engineered solutions in thermal management products, sensors, switches, power distribution, electrification and electronics, injection and fuel delivery, ignition and emissions, and clamping devices.

Standard Motor Products, Inc. holds a strong position in the automotive aftermarket as a full-line, full-service supplier of premium Vehicle Control and Temperature Control products, competing on product quality, availability, coverage, and value-added services. In the Engineered Solutions segment, it competes on product quality, price, availability, technical expertise, and lean process improvements against global and regional tier suppliers of original equipment manufacturers.

The company serves a diverse customer base including retailers such as Auto Value, Bumper to Bumper, AutoZone, Canadian Tire, Federated Auto Parts, Genuine Parts Company, NAPA, O’Reilly Auto Parts, and Uni-Select; warehouse distributors such as Automotive Distribution Network and The Automotive Parts Services Group; original equipment manufacturers such as BRP, Caterpillar, CNH, Daimler Truck, Eberspacher, Ford, General Motors, Harley-Davidson, IVECO, John Deere, Mobile Climate Control, Polaris, Scania, and Volvo/Mack Truck; and original equipment service part operations. In Europe, Nissens Automotive customers include wholesalers and distributors such as AD International, ATR International, GROUPAUTO International, Global One Automotive, Nexus Automotive International, and TEMOT International Autoparts.