Standard Motor Products (SMP) Declares $0.17 Quarterly Dividend; 1.4% Yield
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Standard Motor Products, Inc. Announces Third Quarter 2016 Results and a Quarterly Dividend
October 27, 2016 8:30 AM EDTNEW YORK, Oct. 27, 2016 /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 nine months ended September 30, 2016.
Consolidated net sales for the third quarter of 2016 were $300.8 million, compared to consolidated net sales of $270 million during the comparable quarter in 2015. Earnings from continuing operations for the third quarter of 2016 were $21.1 million or 91 cents per diluted share, compared to $19.2 million or 83 cents per diluted share in the third quarter of 2015. Excluding non-operational gains and losses... More
