Standard Motor Products, Inc. (NYSE:SMP) Q4 2023 Earnings Conference Call February 22, 2024 11:00 AM ET Company Participants Tony Cristello - Vice President, Investor Relations Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Joe Enderlin - Stephens Bret Jordan - Jefferies Operator Good day, everyone, and welcome to today's Standard Motor Products Fourth Quarter 2023 earnings conference call. At this time ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (State or o ...

Exhibit 99.1 For Immediate Release For more information, contact: Anthony (Tony) Cristello Standard Motor Products, Inc. (972) 316-8107 tony.cristello@smpcorp.com Standard Motor Products, Inc. Releases Fourth Quarter and 2023 Year-End Results New York, NY, February 22, 2024......Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and twelve months ended December 31, 2023. Net sales for the fourth ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (State or other jurisdiction of incorporati ...

Standard Motor Products, Inc. (NYSE:SMP) Q2 2023 Results Conference Call August 2, 2023 11:00 AM ET Company Participants Tony Cristello - VP, IR Eric Sills - President and CEO Jim Burke - COO Nathan Iles - CFO Conference Call Participants Bret Jordan - Jefferies Daniel Imbro - Stephens Robert Smith - Center for Performance Investing Operator Good day, everyone, and welcome to the Standard Motor Products Second Quarter 2023 Earnings Call and Webcast. [Operator Instructions] Please note today's call will be r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) FORM 10-Q New York 11-1362020 (State or other jurisdiction of incorporation or ...

Financial Data and Key Metrics Changes - The company reported cash used in operations in Q1 2023 of $20.4 million, an improvement of $83.6 million compared to $104 million last year, driven by a $74 million improvement in cash flows from inventory [2] - Consolidated net sales increased by 1.6% in Q1 2023 compared to the same quarter last year, reflecting growth primarily in Vehicle Control [38] - Adjusted EBITDA for the company was $29 million, down $6.4 million from last year, with a decline in both operating income and adjusted EBITDA due to increased factoring expenses [40][41] Business Line Data and Key Metrics Changes - Vehicle Control net sales in Q1 were $184.6 million, up 4.1% year-over-year, with adjusted EBITDA of $21.5 million, representing 11.6% of net sales, down 2.2 points from last year [33][34] - Temperature Control net sales were $72.4 million, down 0.9% year-over-year, with adjusted EBITDA of $3.3 million, down from last year and at 4.6% of net sales [35] - Engineered Solutions sales were $71 million, down 2% compared to last year, with adjusted EBITDA at 11.6%, a decrease of 1.1 points from last year [37] Market Data and Key Metrics Changes - The aftermarket business, which constitutes about 80% of total revenue, is experiencing favorable market conditions, with increasing vehicle age and miles driven nearing historic levels [16][17] - Customer inventory levels at the end of Q1 were roughly the same as the previous year, indicating stable demand and effective preseason order planning [78] Company Strategy and Development Direction - The company has launched a newly defined global strategy focusing on cross-selling opportunities across its combined portfolio, particularly in Engineered Solutions [8][20] - The company aims to reduce outstanding debt and return value to shareholders through increased dividends while investing in new technologies [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's position in the market, noting that the industry tends to perform well even in difficult economic times due to the nondiscretionary nature of their products [17][20] - The company anticipates full-year 2023 sales growth in the low single digits, maintaining expectations for adjusted EBITDA at approximately 10% [10][11] Other Important Information - The company has approved a quarterly dividend of $0.29 per share to be paid on June 1, 2023, reflecting confidence in cash flow improvements [13] - The company is focused on reducing inventory levels and expects to see operating cash flows return to healthy levels consistent with past years [22] Q&A Session Summary Question: Inquiry about downstream market share and share gains - Management indicated that they are outperforming the competition in most product categories and are gaining market share through strong partnerships [28][29] Question: Discussion on SG&A expenses and factoring costs - SG&A expenses were well controlled, and management expects better leverage in the second half of the year if factoring costs normalize [30][48] Question: Comments on customer relationships and inventory levels - Management noted that customer relationships are stronger than ever, and inventory levels are stable, with expectations for a good summer season [18][64] Question: Impact of U.S.-China relations on business - Management stated that it has been business as usual with their partners in China, while closely monitoring the situation [83][99] Question: Electric vehicle market and aftermarket potential - The company is preparing for the future by studying the aftermarket potential of electric vehicles while continuing to grow its combustion engine product lines [100][101]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (State or other jurisdiction of incorporation o ...

Standard Motor Products, Inc. (NYSE:SMP) Q4 2022 Earnings Conference Call February 22, 2023 11:00 AM ET Company Participants Tony Cristello - Vice President, Investor Relations Larry Sills - Chairman of the Board Eric Sills - President & Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Operator Good day, everyone, and welcome to the Standard Motor Products Fourth Quarter 2022 Earnings Call Webcast. [Operator Instructions] Please n ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission file number: 001-04743 Standard Motor Products, Inc. (Exact name of registrant as specified in its charter) New York 11-1362020 (State or o ...