Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q2 2024 Earnings Presentation

14 slides from Standard Motor Products's earnings presentation, Aug 1, 2024

  1. Slide 1: Standard Motor Products, Inc. 2nd Quarter 2024 Earnings Call

    Standard Motor Products, Inc. 2nd Quarter 2024 Earnings Call | August 1, 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 vWelcome & Introduction Tony Cristello, VP Investor Relations vOverview & Market Trends Eric Sills, CEO vFinancial Results & Balance Sheet Nathan Iles, CFO vFinal Comments Eric Sills, CEO vQ&A All Standard Motor Products, Inc. | Q2 2024 Earnings 3

  4. Slide 4: Q2 & YTD P&L Summary – Segments

    Q2 & YTD P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2024 2023 2024 2023 Vehicle Control Revenue $ 188.7 $ 183.8 $ 374.3 $ 368.4 Gross Margin 60.0 31.8% 60.1 32.7% 118.9 31.8% 118.6 32.2% Selling, General & Administrative 35

  5. Slide 5: Q2 & YTD P&L Summary – Consolidated

    Q2 & YTD P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED SIX MONTHS ENDED JUNE 30, JUNE 30, 2024 2023 2024 2023 Consolidated Results Revenue $ 389.8 $ 353.1 $ 721.2 $ 681.1 Gross Margin 111.4 28.6% 101.3 28.7% 201.0 27.9% 192.5 28.3% Selling, General & Admini

  6. Slide 6: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) JUNE 30, DECEMBER 31, 2024 2023 2023 Working Capital Stats Accounts Receivable, Net $ 239.3 $ 218.1 $ 160.3 Inventories $ 508.2 $ 499.1 $ 507.1 Cash Flow Stats (YTD) Operating cash flows $ (10.1) $ 39.4 Capex $ (22.9) $ (9.5) M&A $ - $ - Dividends $

  7. Slide 7: Q&A Session

    Q&A Session Standard Motor Products, Inc. | Q2 2024 Earnings 7

  8. Slide 8: Appendix

    Appendix Standard Motor Products, Inc. | Q2 2024 Earnings 8

  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 SIX MONTHS ENDED JUNE 30, JUNE 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 17,980 $ 18,358 $

  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 SIX MONTHS ENDED JUNE 30, JUNE 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 24,986 $ 27,178 $ 39,605 $ 47,924 RESTRUCTURING AND INTEGRATION EXPENSES 2,

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED JUNE 30, 2024 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 15,116 $ 13,197 $ 5,812 $ (9,139) $ 24,986 RESTRUCTURING AND INTEGRATION E

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED JUNE 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 19,273 $ 5,800 $ 6,163 $ (4,058) $ 27,178 RESTRUCTURING AND INTEGRATION EX

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) SIX MONTHS ENDED JUNE 30, 2024 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 30,656 $ 15,228 $ 8,044 $ (14,323) $ 39,605 RESTRUCTURING AND INTEGRATION EX

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) SIX MONTHS ENDED JUNE 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 36,648 $ 7,884 $ 11,810 $ (8,418) $ 47,924 RESTRUCTURING AND INTEGRATION EXP

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