Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q4 2023 Earnings Presentation

14 slides from Standard Motor Products's earnings presentation, Feb 22, 2024

  1. Slide 1: Standard Motor Products, Inc. 4th Quarter 2023 Earnings Call

    Standard Motor Products, Inc. 4th Quarter 2023 Earnings Call | February 22, 2024 1

  2. Slide 2: Safe Harbor – Forward Looking Statements

    Safe Harbor – Forward Looking Statements You should be aware that except for historical information, the matters discussed herein are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward looking statements, including projections and anticipat

  3. Slide 3: Agenda

    Agenda v Welcome & Introduction Tony Cristello, VP Investor Relations v Overview & Market Trends Eric Sills, CEO v Distribution Update Jim Burke, COO v Financial Results & Balance Sheet Nathan Iles, CFO v Final Comments Eric Sills, CEO v Q&A All Standard Motor Products, Inc. | Q4 2023 Earnings 3

  4. Slide 4: 4th Quarter P&L Summary – Segments

    4th Quarter P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2023 2022 2023 2022 Vehicle Control Revenue $ 178.6 $ 189.8 $ 737.9 $ 750.6 Gross Margin 58.8 32.9% 62.8 33.1% 238.2 32.3% 232.3 30.9% Selling, General & Adm

  5. Slide 5: 4th Quarter P&L Summary – Consolidated

    4th Quarter P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2023 2022 2023 2022 Consolidated Results Revenue $ 290.8 $ 308.2 $ 1,358.3 $ 1,371.8 Gross Margin 81.5 28.0% 89.6 29.1% 388.8 28.6% 382.5 27.9% Selling,

  6. Slide 6: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) DECEMBER 31, 2023 2022 Working Capital Stats Accounts Receivable, Net $ 160.3 $ 167.6 Inventories $ 507.1 $ 528.7 Cash Flow Stats (YTD) Operating cash flows $ 144.3 $ (27.5) Capex $ (28.6) $ (26.0) M&A $ (4.0) $ (1.9) Dividends $ (25.2) $ (23.4) Sha

  7. Slide 7: Q&A Session

    Standard Motor Products, Inc. SVIP Standard Motor Products, Inc Q&A Session

  8. Slide 8: Appendix

    Standard Motor Products, Inc. Appendix

  9. Slide 9: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 7,229

  10. Slide 10: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2023 2022 2023 2022 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 9,947 $ 15,712 $ 92,677 $ 104,135 RESTRUCTURING AND INTEGRATION

  11. Slide 11: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED DECEMBER 31, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 16,608 $ (3,595) $ 880 $ (3,946) $ 9,947 RESTRUCTURING AND INTEGRATION

  12. Slide 12: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED DECEMBER 31, 2022 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 16,599 $ (1,615) $ 4,014 $ (3,286) $ 15,712 RESTRUCTURING AND INTEGRAT

  13. Slide 13: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) TWELVE MONTHS ENDED DECEMBER 31, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 71,327 $ 17,343 $ 19,944 $ (15,937) $ 92,677 RESTRUCTURING AND INTEGR

  14. Slide 14: Reconciliation of GAAP and Non-GAAP Measures

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) TWELVE MONTHS ENDED DECEMBER 31, 2022 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 74,153 $ 26,459 $ 18,713 $ (15,190) $ 104,135 RESTRUCTURING AND INTEG

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