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Standard Motor Products Inc (SMP.N)

SMP.N on New York Stock Exchange

44.21USD
18 Aug 2017
Change (% chg)

$0.62 (+1.42%)
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Latest Key Developments (Source: Significant Developments)

Standard Motor Products reports Q2 earnings per share $0.78 from continuing operations
Monday, 31 Jul 2017 08:30am EDT 

July 31 (Reuters) - Standard Motor Products Inc :Standard Motor Products Inc announces second quarter 2017 results and a quarterly dividend.Q2 earnings per share $0.81 from continuing operations excluding items.Q2 earnings per share $0.78 from continuing operations.Q2 sales $312.7 million versus I/B/E/S view $309 million.Q2 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.Standard Motor Products Inc - begun transferring all production from acquired plant in Nogales, Mexico, to co's facility in Reynosa, Mexico.Standard Motor Products Inc - plan to complete plant moves, in stages, over next 9-12 months.Standard motor products inc - plant moves will result in closing of three facilities-Nogales, Mexico; Grapevine, Texas; and Orlando, Florida.Standard Motor Products-anticipate gradual return to engine management gross margin of 31-32%,$7-10 million in co-wide operational savings, including sg&a.  Full Article

Standard Motor Products says Q1 EPS $0.70 from cont ops
Wednesday, 3 May 2017 08:30am EDT 

May 3 (Reuters) - Standard Motor Products Inc :Standard Motor Products Inc announces first quarter 2017 results and a quarterly dividend.Q1 earnings per share $0.74 from continuing operations excluding items.Q1 earnings per share $0.70 from continuing operations.Q1 sales $282.4 million versus I/B/E/S view $266.6 million.Q1 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.Will be relocating balance of Grapevine, Texas, operation to Reynosa, Mexico.Standard motor products-previously announced relocation of electronics plant in Orlando, Florida, to facility in independence, Kansas, to be complete by mid-2018.Sets quarterly dividend of $0.19per share.  Full Article

Standard Motor Products announces new stock repurchase program
Thursday, 16 Feb 2017 08:23am EST 

Standard Motor Products Inc : Standard Motor Products Inc announces new stock repurchase program .Standard Motor Products Inc says intends to fund stock repurchase program through its revolving credit facility.  Full Article

Standard Motor Products announces increase in quarterly dividend
Wednesday, 1 Feb 2017 08:15am EST 

Standard Motor Products Inc : Standard Motor Products announces increase in quarterly dividend . Sets quarterly dividend of $0.19 per share .Board has approved an increase in its quarterly common stock dividend from 17 cents per share to 19 cents per share.  Full Article

Standard Motor Products Q2 EPS $0.86 from continuing operations
Wednesday, 3 Aug 2016 08:30am EDT 

Standard Motor Products Inc : Q2 earnings per share $0.86 from continuing operations . Excluding $8.5 million from recent wire acquisition, comparable net sales increased 7.6% for quarter . Qtrly net sales $289 million versus $269.4 million . Q2 earnings per share $0.88 from continuing operations excluding items . Q2 sales $289 million versus $269.4 million .Q2 earnings per share view $0.73, revenue view $279.6 million -- Thomson Reuters I/B/E/S.  Full Article

General Cable to sell North American automotive ignition wire business
Monday, 23 May 2016 06:00pm EDT 

General Cable Corp : General cable announces agreement to sell its north american automotive ignition wire business . General cable corp says deal valued at approximately $71 million . Proceeds will be used to reduce outstanding borrowings. .To sell its north american automotive ignition wire business to standard motor products.  Full Article

Standard Motor Products Inc announces increase in quarterly dividend
Tuesday, 12 Jan 2016 08:30am EST 

Standard Motor Products Inc:Approved an increase in its quarterly common stock dividend from fifteen cents per share to seventeen cents per share.Payable on March 1, 2016 to stockholders of record on February 16, 2016.  Full Article

Standard Motor Products, Inc announces key management changes
Thursday, 29 Oct 2015 08:35am EDT 

Standard Motor Products, Inc:Says chairman and Chief Executive Officer Lawrence sills has announced his plans to retire as CEO of the company.Eric sills will succeed Lawrence sills as CEO and will be appointed to the board of directors.Effective March 31, 2016, james burke will be appointed executive vice president Finance, chief financial officer.  Full Article

BRIEF-Standard Motor Products reports Q2 earnings per share $0.78 from continuing operations

* Standard Motor Products Inc announces second quarter 2017 results and a quarterly dividend