Standard Motor Products (SMP) Declares $0.17 Quarterly Dividend; 1.6% Yield

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Go back to Standard Motor Products (SMP) Declares $0.17 Quarterly Dividend; 1.6% Yield

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

August 3, 2016 8:30 AM EDT

NEW YORK, Aug. 3, 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 and six months ending June 30, 2016.

Consolidated net sales for the second quarter of 2016 were $289 million, compared to consolidated net sales of $269.4 million during the comparable quarter in 2015. Earnings from continuing operations for the second quarter of 2016 were $19.9 million or 86 cents per diluted share, compared to $13.8 million or 59 cents per diluted share in the second quarter of 2015. Excluding non-operational gains and losses... More