Standard Motor Products, Inc. (NYSE:SMP) Q1 2024 Earnings Call Transcript

Eric Sills: Well. I see what you’re saying. Yes, we are — most of our products are not DIY. There’s certainly a bit of work there that certain shade few mechanics are able to do, but the majority of our products are professionally installed. And — so I think it has less to do really with the DIY customer versus the DIFM customer, it has more to do with discretionary versus nondiscretionary type purchases, and the majority of what we’re selling is nondiscretionary. And so while I think you have some economically challenged consumers who are perhaps deferring things that they don’t need. Typically, power types of products are break-fix and if the car is in network and they have to buy it.

Operator: [Operator Instructions] And gentlemen, it appears we have no further questions today. Mr. Cristello. I’d like to hand things back to you, sir, for any closing comments.

Tony Cristello: Okay. Thank you. Again, we want to thank everyone for participating in our conference call today. Understand there was a lot of information presented, and we’ll be happy to answer any follow-up questions you may have. Our contact information is available on our press release or Investor Relations website. We hope you have a great day. Thank you.

Eric Sills: Thank you.

Operator: Thank you, gentlemen. Ladies and gentlemen, that will conclude the Standard Motor Products first quarter earnings conference call.