Standard Motor Products (SMP) Misses Q2 EPS by 25c

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Go back to Standard Motor Products (SMP) Misses Q2 EPS by 25c

Standard Motor Products, Inc. Announces Second Quarter 2022 Results and Quarterly Dividend

August 3, 2022 8:30 AM EDT

NEW YORK, Aug. 3, 2022 /PRNewswire/ -- Standard Motor Products, Inc. (NYSE: SMP), a leading automotive parts manufacturer and distributor, reported today its consolidated financial results for the three and six months ended June 30, 2022.

Net sales for the second quarter of 2022 were $359.4 million, compared to consolidated net sales of $342.1 million during the comparable quarter in 2021. Earnings from continuing operations for the second quarter of 2022 were $20.8 million or $0.93 cents per diluted share, compared to $28.0 million or $1.23 cents per diluted share in the second quarter of 2021.... More