Standard Motor Products, Inc. (NYSE:SMP) Q2 2024 Earnings Conference Call August 1, 2024 11:00 AM ET
Company Participants
Tony Cristello – Vice President-Investor Relations
Eric Sills – Chairman and Chief Executive Officer
Nathan Iles – Chief Financial Officer
Conference Call Participants
Scott Stember – ROTH MKM
Bret Jordan – Jefferies
Carolina Jolly – Gabelli
Operator
Good day, everyone, and welcome to the Standard Motor Products Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. [Operator Instructions] Please note that today’s call will be recorded. [Operator Instructions]
It is now my pleasure to turn the conference over to Tony Cristello, Vice President of Investor Relations. Please go ahead.
Tony Cristello
Thanks, Savannah, and good morning, everyone. Thank you for joining us on Standard Motor Products second quarter 2024 earnings conference call. With me today are Larry Sills, Chairman Emeritus; Eric Sills, Chairman and Chief Executive Officer; Jim Burke, Chief Operating Officer; and Nathan Iles, Chief Financial Officer.
On our call today, Eric will give an overview of our performance in the quarter, and Nathan will then discuss our financial results. Eric will then provide some concluding remarks and open the call up for Q&A.
Before we begin this morning, I’d like to remind you that some of the material that we’ll be discussing today may include forward-looking statements regarding our business and expected financial results. We use words like anticipate, believe, estimate or expect, these are generally forward-looking statements.
Although we believe that the expectations reflected in these forward-looking statements are reasonable, they are based on information currently available to us and certain assumptions made by us, and we cannot assure you they will prove correct. You should also read our filings with the Securities and Exchange Commission for a discussion of the risks and uncertainties that could cause our actual results to differ from our forward-looking statements.
I’ll now turn the call over to Eric Sills, our CEO.
A - Eric Sills
Well, thank you, Tony, and good morning, everyone, and welcome to our second quarter earnings call. It’s good to be with you today. I’d like to start, as I always do, by recognizing all the SMP employees around the world that make us who we are, really could not be more proud of what they were able to accomplish.
Overall, we’re quite pleased with our quarter. Sales were up 10%, which is an all-time record for us. And we saw it in each of our three operating segments, those certainly highlighted in Temperature Control, which I’ll get to in a minute.