"SMP continues to evolve to meet the advanced automotive technology of today and tomorrow. We remain an automotive leader by steadfastly living up to our reputation for extraordinary customer focus, top-quality products and services, the ability to embrace the technology of today and tomorrow, and our continued investment in our future."
–SMP's Chief Executive Officer, Eric Sills
Several years ago, Standard Motor Products commemorated 100 years in business. In celebrating this milestone, we reflected on our journey to the SMP of today. Thanks to the foresight of our founders, SMP has grown in the automotive aftermarket industry with a strong set of corporate values centered on taking care of the customer, and doing so with the utmost integrity.
The Aftermarket has been and will continue to be the heart of our business. It is a robust industry demonstrating tremendous stability and resiliency with a very bright future. Our value proposition of being the best full-line, full-service supplier of premium products continues to be very well received by our broad customer base.
We have recently grown our sales to non-Aftermarket customers, focusing on diverse on-highway and off-highway end markets. As we build our Engineered Solutions segment, we expect strong growth potential due to the diversity of the end markets and the breadth of our offerings and capabilities.
The recent resegmentation of our product categories marks an important development in our company’s history as a leader in vehicle technologies. Our three complementary business segments – Vehicle Control, Temperature Control and our new Engineered Solutions – better reflect our current product suite and help SMP’s stakeholders to track the performance and focus of our business. These segments allow us to penetrate diverse end markets while continuing to provide customers with best-in-class products and services.
SMP continues to evolve to meet the advanced automotive technology of today and tomorrow. Our commitment to engineering and manufacturing has positioned us to deliver premium replacement parts for the latest hybrid and electric vehicle systems. In fact, today approximately half of our sales are in product categories that are powertrain neutral.
SMP is equally committed to enhancing our environmental, social and governance profile to demonstrate our dedication to being environmentally and socially responsible to our stakeholders. Throughout our history, we have ventured to embody the values of ethics, integrity, and common decency. These values are the foundation for our increased focus on environmental stewardship, reduction in GHG emissions, diversity, equity and inclusion, and the health and safety of our employees.
While SMP has changed over the past century, our core philosophy has not. We remain an automotive leader by steadfastly living up to our reputation for extraordinary customer focus, top-quality products and services, the ability to embrace the technology of today and tomorrow, and our continued investment in our future. In this highly competitive industry, we owe our sustained success both to the commitment of our talented employees as well as to our loyal customers. SMP employees understand the importance of maintaining the highest level of quality in every aspect of what we do. Our customers recognize SMP’s sincere commitment to being the best in service, quality, innovation and integrity.