Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q4 2024 Earnings Presentation

15 slides from Standard Motor Products's earnings presentation, Feb 27, 2025

  1. Slide 1: Standard Motor Products, Inc. 4th Quarter 2024 Earnings Call

    Standard Motor Products, Inc. 4th Quarter 2024 Earnings Call | February 27, 2025 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 ❖Welcome & Introduction Tony Cristello, VP Investor Relations ❖Overview & Market Trends Eric Sills, CEO ❖Financial Results & Balance Sheet Nathan Iles, CFO ❖Final Comments Eric Sills, CEO ❖Q&A All Standard Motor Products, Inc. | Q4 2024 Earnings

  4. Slide 4: Q4 & YTD P&L Summary – Segments

    Q4 & YTD P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2024 2023 2024 2023 Vehicle Control Revenue $ 187.4 $ 178.6 $ 762.6 $ 737.9 Gross Margin 59.6 31.8% 58.8 32.9% 244.1 32.0% 238.2 32.3% Selling, General & Admini

  5. Slide 5: Q4 & YTD P&L Summary – Segments

    Q4 & YTD P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2024 2023 2024 2023 Engineered Solutions Revenue $ 62.2 $ 67.5 $ 285.5 $ 282.6 Gross Margin 10.7 17.2% 10.4 15.4% 49.9 17.5% 54.8 19.4% Selling, General & Admin

  6. Slide 6: Q4 & YTD P&L Summary – Consolidated

    Q4 & YTD P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED TWELVE MONTHS ENDED DECEMBER 31, DECEMBER 31, 2024 2023 2024 2023 Consolidated Results Revenue $ 343.4 $ 290.8 $ 1,463.8 $ 1,358.3 Gross Margin 104.1 30.3% 81.5 28.0% 426.4 29.1% 388.8 28.6% Selling, Ge

  7. Slide 7: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) DECEMBER 31, 2024 2023 Working Capital Stats Accounts Receivable, Net $ 210.7 $ 160.3 Inventories $ 624.9 $ 507.1 Cash Flow Stats (YTD) Operating cash flows $ 76.7 $ 144.3 Capex $ (44.0) $ (28.6) M&A $ (372.5) $ (4.0) Dividends $ (25.3) $ (25.2) Sha

  8. Slide 8: Q&A Session

    Q&A Session Standard Motor Products, Inc. | Q4 2024 Earnings

  9. Slide 9: Appendix

    Appendix Standard Motor Products, Inc. | Q4 2024 Earnings

  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, 2024 2023 2024 2023 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS (LOSS) FROM CONTINUING OPERATIONS $

  11. Slide 11: 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, 2024 2023 2024 2023 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 3,880 $ 9,947 $ 80,624 $ 92,677 RESTRUCTURING AND INTEGRATION EX

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED DECEMBER 31, 2024 Temperature Engineered Nissens Vehicle Control All Other Consolidated Control Solutions Automotive (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 15,621 $ 3,635 $ 1,766 $ (2,768) $ (14,374) $ 3,880

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

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

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) TWELVE MONTHS ENDED DECEMBER 31, 2024 Temperature Engineered Nissens Vehicle Control All Other Consolidated Control Solutions Automotive (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 67,306 $ 34,937 $ 14,820 $ (2,768) $ (33,671) $ 80

  15. Slide 15: Reconciliation of GAAP and Non-GAAP Measures

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

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