Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

RTTNews | 952 dias atrás
Stocktwits
Standard Motor Products Q2 EPS Misses Estimates, But Net Sales Top

(RTTNews) - Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the second quarter declined to $20.79 million or $0.93 per share from $28.0 million or $1.23 per share in the prior-year quarter.

Net income for the quarter decreased to $19.13 million or $0.86 per share from $27.14 million or $1.20 per share in the prior-year quarter.

Consolidated net sales for the quarter rose 5.1 percent to $359.41 million from $342.08 million in the same quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to earn $1.18 per share on revenues of $356.59 million for the quarter. Analysts' estimates typically exclude special items.

Standard Motor said its board of directors has approved a quarterly dividend of 27 cents per share on the common stock outstanding, payable on September 1, 2022 to stockholders of record on August 15, 2022.

The Board of Directors has also authorized a new $30 million common share repurchase plan.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Etiquetas: SMP
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Standard Motor Products Q1 Results Top Estimates

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Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter declined to $9.86 million or $0.44 per share from $12.70 million or $0.57 per share in the prior-year quarter.
RTTNews | 315 dias atrás
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Standard Motor Products Q1 Results Top Estimates

Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the first quarter plunged to $12.70 million or $0.57 per share from $20.56 million or $0.87 per share in the prior-year quarter.
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Standard Motor Products, Inc. (SMP), an automotive replacement parts manufacturer and distributor, reported Wednesday that net income from continuing operations for the fourth quarter plunged to $8.55 million or $0.39 per share from $20.02 million or $0.89 per share in the prior-year quarter.
RTTNews | 749 dias atrás
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Japanese Market Significantly Higher

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