Standard Motor Products (SMP) Tops Q4 EPS by 40c, Revenues Beat
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Standard Motor Products, Inc. Announces Fourth Quarter and 2020 Year-End Results
February 23, 2021 8:30 AM ESTNEW YORK, Feb. 23, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive replacement parts manufacturer and distributor, reported today its consolidated financial results for the three months and twelve months ended December 31, 2020.
Consolidated net sales for the fourth quarter of 2020 were $282.7 million, compared to consolidated net sales of $241.3 million during the comparable quarter in 2019. Earnings from continuing operations for the fourth quarter of 2020 were $22.7 million or $1.00 per diluted share, compared to $12.7 million or 56 cents per diluted share in the fourth quarter of 2019. Excluding non-operational gains and losses identified on the... More
