Standard Motor Products, Inc. · NYSE:SMP
Standard Motor Products — Q1 2025 Earnings Presentation
13 slides from Standard Motor Products's earnings presentation, Apr 30, 2025
Slide 1: Standard Motor Products, Inc. 1st Quarter 2025 Earnings Call
Standard Motor Products, Inc. 1st Quarter 2025 Earnings Call | April 30, 2025 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 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. | Q1 2025 Earnings
Slide 4: Q1 P&L Summary – Segments
Q1 P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED MARCH 31, 2025 2024 Vehicle Control Revenue $ 192.3 $ 185.5 Gross Margin 62.2 32.3% 58.9 31.7% Selling, General & Administrative 37.4 19.5% 35.6 19.2% Factoring Expenses 6.4 3.3% 7.7 4.2% Operating Income $ 18.3
Slide 5: Q1 P&L Summary – Segments
Q1 P&L Summary – Segments(1) (In millions, except per share amounts) THREE MONTHS ENDED MARCH 31, 2025 2024 Engineered Solutions Revenue $ 66.0 $ 74.3 Gross Margin 11.7 17.7% 10.9 14.7% Selling, General & Administrative 8.5 12.9% 8.7 11.7% Operating Income $ 3.2 4.8% $ 2.2 3.0% Adjusted EBITDA $ 6.4
Slide 6: Q1 P&L Summary – Consolidated
Q1 P&L Summary – Consolidated(1) (In millions, except per share amounts) THREE MONTHS ENDED MARCH 31, 2025 2024 Consolidated Results Revenue $ 413.4 $ 331.4 Gross Margin 129.3 31.3% 89.5 27.0% Selling, General & Administrative 90.0 21.8% 64.7 19.5% Factoring Expenses 9.3 2.3% 10.0 3.0% Operating Inc
Slide 7: Balance Sheet & Cash Flow Highlights
Balance Sheet & Cash Flow Highlights (In millions) MARCH 31, DECEMBER 31, 2025 2024 2024 Working Capital Stats Accounts Receivable, Net $ 280.8 $ 203.9 $ 210.7 Inventories $ 641.1 $ 520.7 $ 624.9 Cash Flow Stats (YTD) Operating cash flows $ (60.2) $ (45.7) $ 76.7 Capex $ (9.1) $ (10.1) $ (44.0) M&A
Slide 8: Q&A Session
Q&A Session Standard Motor Products, Inc. | Q1 2025 Earnings
Slide 9: Appendix
Appendix Standard Motor Products, Inc. | Q1 2025 Earnings
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 MARCH 31, 2025 2024 (Unaudited) EARNINGS FROM CONTINUING OPERATIONS ATTRIBUTABLE TO SMP GAAP EARNINGS FROM CONTINUING OPERATIONS $ 13,705 $ 9,863 RESTRUCTURING AND INTEGRATION EXPENSES 673 192 AC
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 MARCH 31, 2025 2024 (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 24,462 $ 14,619 RESTRUCTURING AND INTEGRATION EXPENSES 673 192 ACQUISITION EXPENSES 5,147 - OTHER INCOME, NET (258) (22) L
Slide 12: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED MARCH 31, 2025 Temperature Engineered Nissens Vehicle Control All Other Consolidated Control Solutions Automotive (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 17,782 $ 7,900 $ 3,176 $ 2,587 $ (6,983) $ 24,462 REST
Slide 13: Reconciliation of GAAP and Non-GAAP Measures
Reconciliation of GAAP and Non-GAAP Measures (In thousands) THREE MONTHS ENDED MARCH 31, 2024 Temperature Engineered Nissens Vehicle Control All Other Consolidated Control Solutions Automotive (Unaudited) OPERATING INCOME GAAP OPERATING INCOME $ 15,540 $ 2,031 $ 2,232 $ - $ (5,184) $ 14,619 RESTRUCT
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