Standard Motor Products, Inc. · NYSE:SMP

Standard Motor Products — Q3 2024 Earnings Presentation

14 slides from Standard Motor Products's earnings presentation, Oct 30, 2024

  1. Slide 1: Standard Motor Products, Inc. 3rd Quarter 2024 Earnings Call

    Standard Motor Products, Inc. 3rd Quarter 2024 Earnings Call | October 30, 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 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. | Q3 2024 Earnings 3

  4. Slide 4: Q3 & YTD P&L Summary – Segments

    Q3 & YTD P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2024 2023 2024 2023 Vehicle Control Revenue $ 200.9 $ 190.9 $ 575.1 $ 559.3 Gross Margin 65.7 32.7% 60.9 31.9% 184.5 32.1% 179.4 32.1% Selling, General & Admini

  5. Slide 5: Q3 & YTD P&L Summary – Consolidated

    Q3 & YTD P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2024 2023 2024 2023 Consolidated Results Revenue $ 399.3 $ 386.4 $ 1,120.5 $ 1,067.5 Gross Margin 121.4 30.4% 114.8 29.7% 322.3 28.8% 307.3 28.8% Selling, G

  6. Slide 6: Balance Sheet & Cash Flow Highlights

    Balance Sheet & Cash Flow Highlights (In millions) SEPTEMBER 30, DECEMBER 31, 2024 2023 2023 Working Capital Stats Accounts Receivable, Net $ 217.1 $ 208.1 $ 160.3 Inventories $ 503.0 $ 479.8 $ 507.1 Cash Flow Stats (YTD) Operating cash flows $ 78.2 $ 132.9 Capex $ (34.1) $ (18.0) M&A $ - $ (4.0) Di

  7. Slide 7: Q&A Session

    Q&A Session Standard Motor Products, Inc. | Q3 2024 Earnings 7

  8. Slide 8: Appendix

    Appendix Standard Motor Products, Inc. | Q3 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 NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 26,581

  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 NINE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, 2024 2023 2024 2023 (Unaudited) (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 37,139 $ 34,806 $ 76,744 $ 82,730 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 SEPTEMBER 30, 2024 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 21,029 $ 16,074 $ 5,010 $ (4,974) $ 37,139 RESTRUCTURING AND INTEGRAT

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED SEPTEMBER 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 18,071 $ 13,054 $ 7,254 $ (3,573) $ 34,806 RESTRUCTURING AND INTEGRAT

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) NINE MONTHS ENDED SEPTEMBER 30, 2024 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 51,685 $ 31,302 $ 13,054 $ (19,297) $ 76,744 RESTRUCTURING AND INTEGRA

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

    Reconciliation of GAAP and Non-GAAP Measures (In thousands) NINE MONTHS ENDED SEPTEMBER 30, 2023 Temperature Engineered Vehicle Control All Other Consolidated Control Solutions (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 54,719 $ 20,938 $ 19,064 $ (11,991) $ 82,730 RESTRUCTURING AND INTEGRA

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