Standard Motor Products, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 05, 2021 at 06:30 am EDT
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Standard Motor Products, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was USD 276.553 million compared to USD 254.302 million a year ago. Operating income was USD 29.324 million compared to USD 14.323 million a year ago. Net income was USD 21.000 million compared to USD 8.627 million a year ago. Basic earnings per share was USD 0.94 compared to USD 0.38 a year ago. Diluted earnings per share was USD 0.92 compared to USD 0.38 a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 0.42 a year ago.
Standard Motor Products, Inc. is a manufacturer and distributor of replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. Its Vehicle Control Segment services its core automotive aftermarket customers through its offering of replacement parts within the product groups: Engine Management, Electrical and Safety and Wire Sets and Other. Its Temperature Control Segment also services its core automotive aftermarket customers through its offering of replacement parts within the various product groups: AC System Components and Other Thermal Components. Its Engineered Solutions Segment services its vehicle and equipment manufacturing customers across diverse global end markets, including on-highway and off-highway applications such as commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics and lawn and garden.
STANDARD MOTOR PRODUCTS, INC. 
