Loading...
Loading...
- Standard Motor Products Inc SMP reported second-quarter FY21 sales growth of 37.97% year-on-year, to $342.08 million, beating the analyst consensus estimate of $268.56 million.
- Engine management segment revenue rose 34.7% Y/Y, and temperature control segment sales gained 47.1%.
- Gross profit rose 54.2% Y/Y to $99.3 million with a gross margin of 29%.
- The operating margin was 10.8%, and operating income for the quarter rose 130.4% to $36.9 million.
- SMP held $27.5 million in cash and equivalents as of June 30, 2021, and generated an operating cash flow of $23.2 million.
- EPS of $1.26 beat the analyst consensus of $0.65.
- "Going forward, we anticipate margin pressures from more normalized production levels and inflationary headwinds, though we believe that the current environment permits a pass-through of these costs," said CEO Eric Sills.
- Price action: SMP shares are trading lower by 0.73% at $42.25 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in