Standard Motor Products (SMP) Misses Q2 EPS by 22c
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July 30, 2015 8:33 AM EDT
NEW YORK, July 30, 2015 /PRNewswire/ --Â 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
July 30, 2015 8:30 AM EDT
NEW YORK, July 30, 2015 /PRNewswire/ --Â 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
