Standard Motor Products (SMP) Tops Q4 EPS by 23c
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Standard Motor Products, Inc. Announces Fourth Quarter and 2021 Year-End Results
February 22, 2022 8:30 AM ESTNEW YORK, Feb. 22, 2022 /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 twelve months ended December 31, 2021.
Net sales for the fourth quarter of 2021 were $309.9 million, compared to consolidated net sales of $282.7 million during the comparable quarter in 2020. Earnings from continuing operations for the fourth quarter of 2021 were $20.0 million or 89 cents per diluted share, compared to $22.7 million or $1.00 per diluted share in the fourth quarter of 2020. Excluding non-operational gains and losses identified on the attached... More
