Standard Motor Products, Inc. Announces Third Quarter EPS of $.48

Standard Motor Products, Inc. SMP reported today its consolidated financial results for the three months and nine months ended September 30, 2010. Consolidated net sales for the third quarter of 2010 were $227.5 million, compared to consolidated net sales of $205.6 million during the comparable quarter in 2009. Earnings from continuing operations for the third quarter of 2010 were $11.1 million or 48 cents per diluted share, compared to $4.7 million or 25 cents per diluted share in the third quarter of 2009. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the third quarter of 2010 were $9.8 million or 43 cents, compared to $6.6 million or 35 cents per diluted share in the third quarter of 2009. The Board of Directors has approved payment of a quarterly dividend of five cents per share on the common stock outstanding. The dividend will be paid on December 1, 2010 to stockholders of record on November 15, 2010.