Standard Motor Products, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 04, 2021 at 08:30 am EDT
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Standard Motor Products, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 342.076 million compared to USD 247.939 million a year ago. Operating income was USD 36.925 million compared to USD 16.021 million a year ago. Net income was USD 27.142 million compared to USD 10.967 million a year ago. Basic earnings per share was USD 1.22 compared to USD 0.49 a year ago. Diluted earnings per share was USD 1.2 compared to USD 0.48 a year ago. Basic earnings per share from continuing operations was USD 1.26 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 1.23 compared to USD 0.52 a year ago. For the half year, sales was USD 618.629 million compared to USD 502.241 million a year ago. Operating income was USD 66.249 million compared to USD 30.344 million a year ago. Net income was USD 48.142 million compared to USD 19.594 million a year ago. Basic earnings per share was USD 2.16 compared to USD 0.88 a year ago. Diluted earnings per share was USD 2.12 compared to USD 0.86 a year ago. Basic earnings per share from continuing operations was USD 2.25 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 2.21 compared to USD 0.94 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. 
