Standard Motor Products (SMP) Tops Q3 EPS by 10c, Revenues Miss

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Go back to Standard Motor Products (SMP) Tops Q3 EPS by 10c, Revenues Miss

Standard Motor Products, Inc. Announces Third Quarter 2019 Results and a Quarterly Dividend

October 30, 2019 8:30 AM EDT

NEW YORK, Oct. 30, 2019 /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 nine months ending September 30, 2019.

Consolidated net sales for the third quarter of 2019 were $307.7 million, compared to consolidated net sales of $296.6 million during the comparable quarter in 2018. Earnings from continuing operations for the third quarter of 2019 were $22.7 million or $1.00 per diluted share, compared to $19.3 million or 84 cents per diluted share in the third quarter of 2018. Excluding non-operational gains and losses identified on the attached... More