Lawrence Sills - Executive Chairman Eric Sills - CEO Jim Burke - CFO

Welcome to today’s program. At this time all participants are in a listen-only model, later you have the opportunity to ask questions during the question-and-answer session. [Operator Instructions] Please note this call maybe recorded and I will be standing by, should you need any assistance. It is now my pleasure to turn the conference over to Mr. Larry Sills, Executive Chairman of Standard Motor Products. Please go ahead, sir.

Good morning everybody. We welcome you to the fourth quarter conference call and thank you for taking the time to attend. Attending from the company is Eric Sills, President and CEO; Jim Burke, Executive Vice President and Chief Financial Officer; and myself Larry Sills, Executive Chairman. Our agenda for the day will be first Jim will begin by reviewing the numbers, Eric will review our progress and some of our major initiatives, and then we’ll open it for questions. So without further ado, Mr. Burke?

Okay. Thank you, Larry. To begin, as a preliminary note, I would like to point out that some of the material we will be discussing today may include forward-looking statements regarding our business and expected financial results. When 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 that 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. Overall, we are very pleased to report our financial performance for 2016, which reflected record sales and earnings, strong cash flows and many initiatives launched to strengthen us into the future. Looking at the P&L, consolidated net sales in Q4 '16 were $229.8 million, up $24.8 million, or 12.1%. Excluding $21.7 million in the quarter from our Wire acquisition completed in May 2016, our consolidated net sales were up $3.1 million, or 1.5%. Consolidated net sales for the full year 2016 were $1.585 billion up $86.5 million, or 8.9%. Excluding $52.9 million from our wire acquisition, our consolidated net sales increased $33.6 million or 3.5%, which is within our stated expectations for low single-digit growth. By segment, Engine Management net sales in Q4 '16 were $185.2 million, up $17.6 million, or 10.5% and without Wire acquisition sales of $21.7 million we're down $4.1 million, or 2.4%. our Engine Management sales in Q4 were impacted primarily by customer order patterns and returns. More positively, our customers POS sales were up 2% in the quarter. We believe it is more…

Thank you, Jim and good morning, everybody. Jim has covered the numbers and as you’ve heard, although we had some one-offs in the quarter in our Engine Management division it was a record year overall for both divisions, both in terms of our revenue gains and our improvements and profit. And it’s also great to hit that billion dollar mark for the first time in our company’s history, we’ve been flirting with that number from the last few years and to finally hit it is terrific and to note that we would…[Call ends abruptly]

On behalf of our client, I would like to thank you for joining us. This concludes our presentation. End of Q&A: