Standard Motor Products, Inc. Announces First Quarter 2021 Results and a Quarterly Dividend
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Standard Motor Products (SMP) Tops Q1 EPS by 38c, Revenues Beat
May 5, 2021 8:32 AM EDTStandard Motor Products (NYSE: SMP) reported Q1 EPS of $0.92, $0.38 better than the analyst estimate of $0.54. Revenue for the quarter came in at $276.6 million versus the consensus estimate of $257.57 million.
Mr. Eric Sills, Standard Motor Products' Chief Executive Officer and President stated, "We are very pleased with our first quarter results, as the momentum from the second half of 2020 carried over into 2021. Net sales were 8.7% above the first quarter of 2020, with both divisions showing gains. It is important to note that comparisons to last year will become less relevant due to COVID-19 impacts... More
