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

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Standard Motor Products, Inc. (NYSE: 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.

 

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Posted-In: Earnings News Dividends