Standard Motor Products, Inc. Announces Third Quarter 2020 Results and Reinstates Quarterly Dividend

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Go back to Standard Motor Products, Inc. Announces Third Quarter 2020 Results and Reinstates Quarterly Dividend

Standard Motor Products (SMP) Tops Q3 EPS by 26c, Revenues Beat

October 28, 2020 8:36 AM EDT

Standard Motor Products (NYSE: SMP) reported Q3 EPS of $1.26, $0.26 better than the analyst estimate of $1.00. Revenue for the quarter came in at $343.61 million versus the consensus estimate of $323.5 million.

Mr. Eric Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are very pleased with our third quarter results as we set all-time records for both sales and profits in a single quarter. While sales have not fully caught up year-to-date, our profits are now roughly even with the first nine months of 2019, in this year of dramatic ups and... More