Standard Motor Q3 Earnings Beat Expectations, Increase Y/Y

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 ...