Standard Motor Products, Inc. Announces Fourth Quarter and 2019 Year-End Results
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Standard Motor Products (SMP) Tops Q4 EPS by 4c, Revenues Miss
February 19, 2020 8:32 AM ESTStandard Motor Products (NYSE: SMP) reported Q4 EPS of $0.59, $0.04 better than the analyst estimate of $0.55. Revenue for the quarter came in at $241.3 million versus the consensus estimate of $250.69 million.
Mr. Eric Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are quite pleased with our 2019 results, as we set records for both sales and earnings. We achieved this despite some softness in sales in the fourth quarter, which was anticipated and previously announced.
"Engine Management sales were up 5.7% for the year. Excluding sales of $28 million from the Pollak acquisition,... More
