Standard Motor reports Q3 non-GAAP EPS $1.36, consensus $1.13

Reports Q3 revenue $498.8M, consensus $503.33M. Eric Sills, Standard Motor (SMP) Products’ Chairman and CEO, stated, “We are very pleased with our solid Q3 results, especially following our record quarter last year. Sales for the quarter increased nearly 25%, or 3.8% excluding the impact of Nissens Automotive. This reflects an ongoing trend, as year-to-date we are up 25.5%, or 4.0% excluding Nissens. Additionally, adjusted non-GAAP diluted earnings per share grew 6.3% for the quarter and 27.8% for the year.”