Standard Motor Products, Inc. Announces Third Quarter 2019 Results and a Quarterly Dividend
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Standard Motor Products (SMP) Tops Q3 EPS by 10c, Revenues Miss
October 30, 2019 8:32 AM EDTStandard Motor Products (NYSE: SMP) reported Q3 EPS of $1.02, $0.10 better than the analyst estimate of $0.92. Revenue for the quarter came in at $307.7 million versus the consensus estimate of $311.11 million.
Mr. Eric Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are quite pleased with our third quarter and with our year overall. We posted record sales and earnings, with both of our operating divisions continuing to perform well.
"Engine Management sales rose approximately 9.3% for the quarter and 7.8% year-to-date. Excluding Wire and Cable which is in secular decline, Engine Management... More
