Standard Motor Q3 Earnings Beat Expectations, Increase Y/Y
SMP(SMP) ZACKS·2024-11-05 02:01
Standard Motor Products (SMP) posted third-quarter 2024 adjusted earnings per share (EPS) of $1.28, which rose from $1.11 reported in the prior-year quarter and beat the Zacks Consensus Estimate of $1.09.Total revenues rose to $399.3 million from $386.4 million reported in the third quarter of 2023. The reported figure also beat the Zacks Consensus Estimate of $396 million. Gross profit rose to $121.4 million from the year-ago quarter’s $114.8 million. Operating income rose to $37.1 million from $34.8 milli ...