Standard Motor Products (SMP) Tops Q2 EPS by 20c

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Go back to Standard Motor Products (SMP) Tops Q2 EPS by 20c

Standard Motor Products, Inc. Announces Second Quarter 2020 Results

July 29, 2020 8:30 AM EDT

NEW YORK, July 29, 2020 /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 six months ended June 30, 2020.

Consolidated net sales for the second quarter of 2020 were $247.9 million, compared to consolidated net sales of $305.2 million during the comparable quarter in 2019. Earnings from continuing operations for the second quarter of 2020 were $11.8 million or 52 cents per diluted share, compared to $20.6 million or 90 cents per diluted share in the second quarter of 2019. Excluding non-operational gains and losses identified on the... More