Standard Motor Products (SMP) Declares $0.17 Quarterly Dividend; 1.9% Yield

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Go back to Standard Motor Products (SMP) Declares $0.17 Quarterly Dividend; 1.9% Yield

Standard Motor Products, Inc. Announces First Quarter 2016 Results and a Quarterly Dividend

May 4, 2016 8:30 AM EDT

NEW YORK, May 4, 2016 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), an automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months ending March 31, 2016.

Consolidated net sales for the first quarter of 2016 were $238.9 million, compared to consolidated net sales of $227.6 million during the comparable quarter in 2015. Earnings from continuing operations for the first quarter of 2016 were $12.7 million or 55 cents per diluted share, compared to $9.3 million or 40 cents per diluted share in the first quarter of 2015. Excluding non-operational gains and losses identified on the attached... More