Standard Motor Products, Inc. · NYSE:SMP
Standard Motor Products — Q3 2022 Earnings Presentation
9 slides from Standard Motor Products's earnings presentation, Oct 28, 2022
Slide 1: Standard Motor Products, Inc. 3rd Quarter 2022 Earnings Call
Standard Motor Products, Inc. 3rd Quarter 2022 Earnings Call | October 28, 2022 1
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
Slide 3: Agenda
Agenda v Welcome & Introduction Tony Cristello, VP Investor Relations v Overview & Market Trends Eric Sills, CEO v Operations & Supply Chain Update Jim Burke, COO v Financial Results & Balance Sheet Nathan Iles, CFO v Wrap-up Eric Sills, CEO v Q&A All Standard Motor Products, Inc. | Q3 2022 Earnings
Slide 4: Q3 & YTD 2022 P&L Summary
Q3 & YTD 2022 P&L Summary(1) (In millions, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2022 2021 2022 2021 Engine Management Revenue $ 251.7 $ 247.2 $ 732.9 $ 692.4 Gross Margin 66.0 26.2% 66.9 27.1% 193.9 26.5% 199.5 28.8% Selling, General & Administra
Slide 5: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights (In millions) SEPTEMBER 30, DECEMBER 31, 2022 2021 Working Capital Stats Accounts Receivable, Net $ 230.4 $ 180.6 Inventories $ 534.3 $ 468.8 SEPTEMBER 30, Cash Flow Stats (YTD) 2022 2021 Operating cash flows $ (75.5) $ 79.1 Capex $ (19.5) $ (19.4) M&A $ - $ (124
Slide 6: Q&A Session
Standard Motor Products, Inc. SiviP Standard Motor Products, Inc. Q&A Session
Slide 7: Appendix
Standard Motor Products, Inc. Appendix
Slide 8: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures (In thousands, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 23,140
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 NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2022 2021 2022 2021 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 33,615 $ 38,538 $ 88,423 $ 104,787 RESTRUCTURING AND INTEGRATION
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