Standard Motor Products (SMP) Misses Q4 EPS by 7c

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Go back to Standard Motor Products (SMP) Misses Q4 EPS by 7c

Standard Motor Products, Inc. Announces Fourth Quarter and 2016 Year End Results

February 16, 2017 8:20 AM EST

NEW YORK, Feb. 16, 2017 /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 for the year ended December 31, 2016.

Consolidated net sales for the fourth quarter of 2016 were $229.8 million, compared to consolidated net sales of $205 million during the comparable quarter in 2015. Earnings from continuing operations for the fourth quarter of 2016 were $8.8 million or 38 cents per diluted share, compared to $5.8 million or 25 cents per diluted share in the fourth quarter of 2015. Excluding non-operational gains and losses... More