Standard Motor Products (SMP) Declares $0.27 Quarterly Dividend; 2.9% Yield

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Go back to Standard Motor Products (SMP) Declares $0.27 Quarterly Dividend; 2.9% Yield

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

October 28, 2022 8:30 AM EDT

NEW YORK, Oct. 28, 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 nine months ended September 30, 2022.

Net sales for the third quarter of 2022 were $381.4 million, compared to consolidated net sales of $370.3 million during the comparable quarter in 2021. Earnings from continuing operations for the third quarter of 2022 were $23.1 million or $1.06 per diluted share, compared to $29.2 million or $1.29 per diluted share in the third quarter of 2021. Excluding... More