Standard Motor Products (SMP) Declares $0.15 Quarterly Dividend; 1.5% Yield

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Go back to Standard Motor Products (SMP) Declares $0.15 Quarterly Dividend; 1.5% Yield

Standard Motor Products, Inc. Announces Key Management Changes and Retirement of Directors

October 29, 2015 8:33 AM EDT

NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, stated today that Chairman and Chief Executive Officer Lawrence I. Sills has announced his plans to retire as CEO of the Company and will become Executive Chairman of the Board of Directors effective March 31, 2016. Eric Sills, President, will succeed him as Chief Executive Officer and will be appointed to the Board of Directors.

In addition, effective March 31, 2016: Chief Operating Officer, John P. Gethin, will retire and will join the Board of... More

Standard Motor Products, Inc. Announces Third Quarter 2015 Results, a Quarterly Dividend and a New Revolving Credit Facility

October 29, 2015 8:30 AM EDT

NEW YORK, Oct. 29, 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 nine months ended September 30, 2015.

Consolidated net sales for the third quarter of 2015 were $270 million, compared to consolidated net sales of $257 million during the comparable quarter in 2014.  Earnings from continuing operations for the third quarter of 2015 were $19.2 million or 83 cents per diluted share, compared to $17.8 million or 77 cents per diluted share in the third quarter of 2014. Excluding non-operational gains and losses identified... More

Gabelli Automotive Aftermarket Symposium Keynote to Focus on Emissions

October 28, 2015 3:22 PM EDT

RYE, N.Y.--(BUSINESS WIRE)-- Gabelli & Company is pleased to announce that Dr. Mridul Gautam, PhD, will deliver a keynote address at its 39th Annual Automotive Aftermarket Symposium on November 3.

Dr. Gautam is a Professor of Mechanical Engineering at the University of Nevada-Reno and will discuss recent emissions issues facing the automotive industry, including impacts on future legislation and potential benefits for the automotive aftermarket.

He will also lead an interactive panel consisting of leading researchers and former colleagues from the Center for Alternative Fuels, Engines & Emissions at West Virginia University the group responsible for... More