Standard Motor Products (SMP) Tops Q1 EPS by 38c, Revenues Beat
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Standard Motor Products, Inc. Announces First Quarter 2021 Results and a Quarterly Dividend
May 5, 2021 8:30 AM EDTNEW YORK, May 5, 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 ended March 31, 2021.
Consolidated net sales for the first quarter of 2021 were $276.6 million, compared to consolidated net sales of $254.3 million during the comparable quarter in 2020. Earnings from continuing operations for the first quarter of 2021 were $22.2 million or 97 cents per diluted share, compared to $9.6 million or 42 cents per diluted share in the first quarter of 2020. Excluding non-operational gains and losses identified on the attached reconciliation of... More
