Financial Data and Key Metrics Changes - Consolidated net sales in Q2 2020 were $247.9 million, down $57.2 million or 18.8% compared to Q2 last year [24] - Consolidated gross margin in Q2 2020 was 26%, down from 29.1% last year, and for the first half, it was 26.8% versus 28.3% last year [28] - Diluted earnings per share for Q2 2020 were $0.52, down from $0.92 last year, and for the first half, it was $0.95 versus $1.49 in 2019 [32] Business Line Data and Key Metrics Changes - Engine management net sales in Q2 were $142.8 million, down $39 million or 21.5% [25] - Temperature Control net sales in Q2 2020 were $72.4 million, down $12 million or 14.2% [27] - Wire and cable net sales in Q2 were $34.7 million, down $5.8 million or 16.1% [26] Market Data and Key Metrics Changes - Customer POS showed favorable trends, with significant improvement month-over-month, particularly in June [11] - The company entered Q3 with a healthy order book, indicating a rebound in demand [10] Company Strategy and Development Direction - The company is focused on maintaining a healthy balance sheet and has implemented cost-cutting measures without impacting long-term growth plans [12][13] - The management emphasized the importance of adapting to the current environment and is looking for long-term savings while ensuring employee safety [22] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the recovery, noting that while business has improved, the nation is still facing challenges due to COVID-19 [15] - The company is committed to emerging from the crisis stronger and is focused on maintaining operational prudence [15] Other Important Information - The company suspended its dividend and stock buyback programs as part of its cost-saving measures [12] - The management is exploring opportunities in electric vehicles through a joint venture and is also focusing on alternative energy initiatives [71][74] Q&A Session Summary Question: Expense control and impact on financials - Management noted that SG&A costs are primarily fixed, and the cost reduction efforts contributed to improved financial metrics [44] Question: Supply chain and manufacturing updates - All facilities are currently operating at full capacity, with Poland performing well and experiencing reduced COVID-19 cases [46] Question: Cash deployment and M&A opportunities - The company is evaluating M&A opportunities and remains flexible with its cash position after paying down debt [49] Question: Customer orders and POS trends - Customer orders returned to normal levels in June, with POS exceeding previous year's levels across all divisions [54] Question: Gross margin targets - Management expects to improve gross margins progressively, targeting over 30% for engine management and 25-26% for temperature control in the future [61] Question: Electric vehicle initiatives - The company has entered a joint venture for electric vehicle components and is monitoring market trends for potential opportunities [71] Question: Dividend suspension - Management is continuously evaluating the situation regarding the dividend suspension and will discuss it with the Board [64]

Start Time: 11:00 January 1, 0000 11:35 AM ET Â Standard Motor Products, Inc. (NYSE:SMP) Q1 2020 Earnings Conference Call April 29, 2020, 11:00 AM ET Company Participants Larry Sills - Executive Chairman Eric Sills - President and CEO Nathan Iles - CFO Jim Burke - COO Conference Call Participants Scott Stember - C.L. King Daniel Imbro - Stephens Inc. Bret Jordan - Jefferies Operator Good day, everyone, and welcome to the Standard Motor Products First Quarter Earnings Call. At this time, all participants are ...

Standard Motor Products, Inc. (NYSE:SMP) Q4 2019 Earnings Conference Call February 19, 2020 11:00 AM ET Company Participants Larry Sills - Executive Chairman Eric Sills - President and Chief Executive Officer Jim Burke - Chief Operating Officer Nathan Iles - Chief Financial Officer Conference Call Participants Scott Stember - C.L. King Ethan Huntley - Jefferies Robert Smith - Center for Performance and Investing Operator Good day, everyone, and welcome to today's Standard Motor Products Fourth Quarter Earni ...

Standard Motor Products, Inc. (NYSE:SMP) Q3 2019 Earnings Conference Call October 30, 2019 11:00 AM ET Company Participants Lawrence Sills - Executive Chairman Eric Sills - President and CEO Jim Burke - COO Nathan Iles - CFO Conference Call Participants Scott Stember - CL King Bret Jordan - Jefferies Robert Smith - Center for Performance Operator Good day, and welcome to the Standard Motor Products Third Quarter Earnings Release. [Operator Instructions] It is now my pleasure to turn the program over to Mr. ...

Financial Data and Key Metrics Changes - Consolidated net sales in Q2 were $305.2 million, up $18.5 million or 6.5% compared to the previous year, with incremental sales from the Pollak acquisition contributing $10.7 million [5][6] - Excluding Pollak sales, consolidated net sales in Q2 increased by $7.8 million or 2.7% [6] - Consolidated gross margin in Q2 was 29.1%, up from 28.4%, and for the first half was 28.3%, up from 28.1% [9] - Diluted EPS for Q2 was $0.92 compared to $0.74 last year, and for the first half, it was $1.49 versus $1.20 in the first half of 2018 [12] Business Segment Data and Key Metrics Changes - Engine Management net sales in Q2 were $181.8 million, up $19.4 million or 11.9%, with sales excluding wire up $8.7 million or 5.3% [6][18] - Wire and cable net sales in Q2 were $36.2 million, down $4.8 million or 11.6% [7] - Temperature Control net sales in Q2 were $84.4 million, up $4 million or 5% [8] Market Data and Key Metrics Changes - Engine Management sales excluding wire and acquisitions are expected to grow in the low- to mid-single digits, while wire and cable sales are projected to decline by 6% to 8% per year [7] - Temperature Control sales growth of 9.1% in the first half was against soft comparisons from the previous year [8] Company Strategy and Development Direction - The company is focused on integrating the Pollak acquisition to enhance growth and operational efficiency, with plans to relocate production to existing plants for cost savings [24][25] - The company aims to leverage its resources to grow the Pollak business, which is expected to contribute positively to overall sales and margins [27] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the second half of the year, particularly for Temperature Control, as they face strong comparisons from the previous year [22][45] - The company anticipates healthy margin improvements from the Pollak acquisition as production is relocated to lower-cost facilities [32] Other Important Information - Consolidated SG&A expenses in Q2 were $60.5 million, up $2.8 million over Q2 2018, but as a percentage of sales, it improved to 19.8% from 20.1% [11] - Total debt at June 30 was $135.2 million, reflecting an increase of $86 million since December 2018, primarily due to the Pollak acquisition [14] Q&A Session Summary Question: Engine Management sales increase and its components - Management indicated that the sales increase was a balance between organic unit volume growth and benefits from pricing and tariffs [30] Question: Gross margin benefits from Reynosa facility and Pollak volumes - Management confirmed expectations of healthy margin improvements from the Pollak acquisition as production is transitioned to the Reynosa facility [32] Question: Long-term growth of OEM contribution to total mix - Management noted that with the Pollak acquisition, OEM contribution to overall business is expected to increase from about 12% to 14% [37] Question: Future acquisition opportunities - Management is looking for both acquisition and organic growth opportunities, emphasizing the intent to grow the Pollak business [38] Question: Trends in on-demand car services - Management sees on-demand services as a slow-moving trend that does not pose immediate positive or negative impacts on the business [40] Question: Other industry trends - Management highlighted that the aftermarket is stable and predictable, with ongoing technological trends presenting both challenges and opportunities [41]

Standard Motor Products, Inc. (NYSE:SMP) Q1 2019 Earnings Conference Call April 30, 2019 11:00 AM ET Company Participants Lawrence Sills - Executive Chairman James Burke - CFO & COO Eric Sills - CEO, President & Director Conference Call Participants Scott Stember - CL King & Associates Bret Jordan - Jefferies Robert Smith - Center for Performance Investing Operator Good day, everyone, and welcome to today's Standard Motor Products First Quarter Earnings Release Conference. [Operator Instructions]. Please no ...

Financial Data and Key Metrics Changes - Consolidated net sales in Q4 2018 were $247 million, up $7 million or 2.9%, while full-year sales were $1.921 billion, down $24.1 million or 2.2% [4] - Consolidated gross margin in Q4 2018 was 29%, up 0.1 points versus Q4 2017, but for the full year 2018, it was 28.6%, down 0.7 points versus 2017 [5] - Diluted earnings per share were $0.52 in Q4 2018 compared to $0.54 in Q4 2017, and for the full year, it was $2.55 versus $2.83 in 2017 [11] Business Segment Data and Key Metrics Changes - Engine Management net sales in Q4 2018 were $165.6 million, up $7.1 million or 4.5%, while full-year sales were $648.3 million, down $9 million or 1.4% [4] - Wire and cable net sales in Q4 were $37.4 million, down $2.1 million or 5.4%, and for the full year, they were $155.2 million, down $16.9 million or 9.8% [4] - Temperature Control net sales in Q4 were $41.8 million, up $1.5 million or 3.7%, and for the full year, they were essentially flat at $278.5 million compared to $279.1 million in 2017 [5][7] Market Data and Key Metrics Changes - Customer sell-through in Engine Management increased by about 4% both in the quarter and the full year, indicating positive future trends [20] - Point of Sale (POS) for Temperature Control was up 6% to 7%, suggesting stronger demand moving into 2019 [21] Company Strategy and Development Direction - The company is focusing on continuous improvement in gross margins and operational efficiencies, particularly in Engine Management and Temperature Control segments [9][23] - Recent investments in automation and distribution centers are expected to yield significant savings and improved operational capabilities [8][23] - The company is optimistic about growth opportunities in China through joint ventures and expanding into original equipment markets [24][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2019, citing healthy industry demographics and improvements in operations, particularly in Reynosa, Mexico [16][25] - The company anticipates organic sales increases in the low to mid-single digits and improved gross margin percentages [9][19] Other Important Information - The company amended its $250 million bank revolver, extending the maturity to December 2023 [13] - Asbestos liability increased to $46.7 million due to a recent lawsuit, with plans to appeal the verdict [13][14] Q&A Session Summary Question: Outlook for gross margin in Engine Management - Management indicated that while there are improvements, the first quarter will be lower due to amortization of costs and returns, with expectations to finish the year in the 29% to 30% range [31] Question: Pricing ability in a competitive market - Management noted that there is a more favorable environment for pricing discussions with customers due to rising costs [33] Question: Industry growth expectations - Management is cautiously optimistic about industry growth, noting an increase in customer POS as a positive leading indicator [35] Question: Contribution from inflation versus core growth - Management expects low to mid-single-digit organic growth, with inflation contributing to overall growth [41] Question: Impact of tariffs on costs - Management confirmed that tariffs are being passed through to customers, with a slight impact on margin percentage but no effect on gross profit dollars [68] Question: Stock buyback program - The company has a $20 million stock buyback authorization, with approximately $10.7 million remaining for 2019 [76] Question: Changes to overall 2019 guidance - Management reiterated expectations for Engine Management margins in the 29% to 30% range and Temperature Control margins in the 25% to 26% range [79]