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Standard Motor Products Inc (SMP.N)

SMP.N on New York Stock Exchange

49.45USD
15 Jan 2019
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Latest Key Developments (Source: Significant Developments)

Standard Motor Products Says On December 10, Co And Unit, Amend Credit Agreement
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Standard Motor Products Inc ::STANDARD MOTOR PRODUCTS SAYS ON DECEMBER 10, CO AND UNIT, SMP MOTOR PRODUCTS LTD., ENTERED INTO AMENDMENT TO CREDIT AGREEMENT - SEC FILING.STANDARD MOTOR PRODUCTS-AMENDMENT, EXTENDS MATURITY DATE,MAINTAINS LENDER COMMITMENTS AT $250 MILLION, WHICH CO MAY INCREASE, BY UP TO ADDITIONAL $50 MILLION.  Full Article

Standard Motor Products Reports Q3 EPS $0.84 From Continuing Operations
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Standard Motor Products Inc ::STANDARD MOTOR PRODUCTS, INC. ANNOUNCES THIRD QUARTER 2018 RESULTS AND A QUARTERLY DIVIDEND.Q3 EARNINGS PER SHARE $0.83 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.84 FROM CONTINUING OPERATIONS.Q3 SALES $296.6 MILLION VERSUS I/B/E/S VIEW $291.3 MILLION.Q3 EARNINGS PER SHARE VIEW $0.83 -- THOMSON REUTERS I/B/E/S.Q3 SHOWED "POSITIVE SIGNS OF RECOVERY"; EXPECTS TREND WILL CONTINUE FOR BALANCE OF YEAR.EXPECT CO'S CUSTOMERS TO END YEAR WITH LOWER THAN TYPICAL INVENTORIES."ENGINE MANAGEMENT SALES WERE ESSENTIALLY FLAT FOR THE QUARTER".STANDARD MOTOR SAYS TEMPORARY ISSUES THAT HAVE RECENTLY HAD NEGATIVE IMPACT ON CO ARE EITHER "WANING OR ARE IN THE PAST".  Full Article

Standard Motor Products Q2 Earnings Per Share $0.73 From Continuing Operations
Thursday, 26 Jul 2018 

July 26 (Reuters) - Standard Motor Products Inc ::STANDARD MOTOR PRODUCTS, INC. ANNOUNCES SECOND QUARTER 2018 RESULTS AND A QUARTERLY DIVIDEND.Q2 EARNINGS PER SHARE $0.74 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.73 FROM CONTINUING OPERATIONS.Q2 SALES $286.6 MILLION VERSUS I/B/E/S VIEW $308.4 MILLION.Q2 EARNINGS PER SHARE VIEW $0.79 -- THOMSON REUTERS I/B/E/S.  Full Article

Standard Motor Products Announces New Stock Repurchase Program
Friday, 18 May 2018 

May 18 (Reuters) - Standard Motor Products Inc ::STANDARD MOTOR PRODUCTS INC ANNOUNCES NEW STOCK REPURCHASE PROGRAM.STANDARD MOTOR PRODUCTS INC - BOARD OF DIRECTORS HAS AUTHORIZED PURCHASE OF UP TO $20 MILLION OF ITS COMMON STOCK UNDER A STOCK REPURCHASE PROGRAM..STANDARD MOTOR PRODUCTS INC - COMPANY INTENDS TO FUND STOCK REPURCHASE PROGRAM THROUGH ITS REVOLVING CREDIT FACILITY.STANDARD MOTOR PRODUCTS INC - STOCK REPURCHASE PROGRAM MAY BE SUSPENDED OR DISCONTINUED AT ANY TIME..  Full Article

Standard Motor Products Forms JV With Foshan Guangdong Automotive Air Conditioning Co
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Standard Motor Products Inc ::STANDARD MOTOR PRODUCTS INC - FORMED A JOINT VENTURE WITH FOSHAN GUANGDONG AUTOMOTIVE AIR CONDITIONING CO LTD.STANDARD MOTOR PRODUCTS INC - STANDARD MOTOR PRODUCTS WILL INVEST APPROXIMATELY $12.5 MILLION IN 50/50 JOINT VENTURE.STANDARD MOTOR PRODUCTS INC - NEW COMPANY IS NAMED FOSHAN FGD SMP AUTOMOTIVE COMPRESSOR CO LTD.STANDARD MOTOR PRODUCTS INC - BELIEVE TRANSACTION WILL BE ACCRETIVE TO EARNINGS IN YEAR ONE, EXCLUDING ONE-TIME INTEGRATION COSTS.  Full Article

Standard Motor Products announces new stock repurchase program
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Standard Motor Products Inc :Standard Motor Products, Inc. announces new stock repurchase program.‍Board of directors has authorized purchase of up to $10 million of its common stock under a stock repurchase program​.‍Company intends to fund stock repurchase program through its revolving credit facility​.  Full Article

Standard Motor Products Q3 EPS $0.74 from cont ops excluding items
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Standard Motor Products Inc ::Standard Motor Products, Inc. announces third quarter 2017 results and a quarterly dividend.Q3 earnings per share $0.74 from continuing operations excluding items.Q3 earnings per share $0.74 from continuing operations.Q3 sales $281.1 million versus I/B/E/S view $302.8 million.Q3 earnings per share view $0.86 -- Thomson Reuters I/B/E/S.  Full Article