Standard Motor Products, Inc. Announces Third Quarter 2018 Results and a Quarterly Dividend
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Standard Motor Products (SMP) Tops Q3 EPS by 1c, Revenues Beat
October 26, 2018 8:32 AM EDTStandard Motor Products (NYSE: SMP) reported Q3 EPS of $0.84, $0.01 better than the analyst estimate of $0.83. Revenue for the quarter came in at $296.6 million versus the consensus estimate of $291.32 million.
Mr. Eric P. Sills, Standard Motor Products' Chief Executive Officer and President, stated, "We are pleased with our performance in the quarter. After a challenging first half, which was largely impacted by temporary or timing-related issues, our third quarter showed positive signs of recovery. We believe this trend will continue for the balance of the year.
"Engine Management sales were essentially... More
