Standard Motor Products (SMP) Approves Additional $10M Common Stock Buyback

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Go back to Standard Motor Products (SMP) Approves Additional $10M Common Stock Buyback

Standard Motor Products, Inc. Announces New Stock Repurchase Program

July 30, 2015 8:33 AM EDT

NEW YORK, July 30, 2015 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, today announced that its Board of Directors has authorized the purchase of up to an additional $10 million of its common stock under a stock repurchase program. This increase is in addition to the $10 million repurchase program previously authorized by the Board in February 2015, of which program approximately $3 million remains... More

Standard Motor Products, Inc. Announces Second Quarter 2015 Results and a Quarterly Dividend

July 30, 2015 8:30 AM EDT

NEW YORK, July 30, 2015 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months and six months ending June 30, 2015.

Consolidated net sales for the second quarter of 2015 were $269.4 million, compared to consolidated net sales of $272.5 million during the comparable quarter in 2014.  Earnings from continuing operations for the second quarter of 2015 were $13.8 million or 59 cents per diluted share, compared to $11.2 million or 48 cents per diluted share in the second quarter of 2014. The second quarter of 2014 included a one-time,... More