Standard Motor Products (SMP) Declares $0.25 Quarterly Dividend; 2.3% Yield
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Standard Motor Products, Inc. Announces Second Quarter 2021 Results and a Quarterly Dividend
August 4, 2021 8:30 AM EDTNEW YORK, Aug. 4, 2021 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three months and six months ended June 30, 2021.
Consolidated net sales for the second quarter of 2021 were $342.1 million, compared to consolidated net sales of $247.9 million during the comparable quarter in 2020. Earnings from continuing operations for the second quarter of 2021 were $28.0 million or $1.23 per diluted share, compared to $11.8 million or 52 cents per diluted share in the second quarter of 2020. Excluding non-operational gains and losses identified on the attached... More
