Brief: Standard Motor Products Reports Quarterly Net Earnings Per Common Share Diluted Of $0.40

Standard Motor Products

28/10/2022 14:04

Oct 28 (Reuters) - Standard Motor Products Inc  SMP.N :
    * STANDARD MOTOR PRODUCTS, INC. ANNOUNCES THIRD QUARTER 2022
RESULTS AND QUARTERLY DIVIDEND
    * STANDARD MOTOR PRODUCTS INC - NET SALES FOR Q3 OF 2022
WERE
$381.4 MILLION, VERSUS CONSOLIDATED NET SALES OF $370.3 MILLION
DURING COMPARABLE QUARTER IN 2021
    * STANDARD MOTOR PRODUCTS INC - QTRLY NET EARNINGS PER
COMMON
SHARE DILUTED $0.40
    * STANDARD MOTOR PRODUCTS INC - EXPECT FULL YEAR GROSS
MARGIN TO
BE ABOUT 27% AND EXPECT OUR OPERATING PROFIT TO BE IN RANGE OF
7-8% OF NET SALES
    * STANDARD MOTOR PRODUCTS INC - QTRLY NON-GAAP DILUTED
EARNINGS
PER SHARE FROM CONTINUING OPERATIONS $1.05

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