Standard Motor Products, Inc. (SMP) reported third quarter earnings from continuing operations of $29.8 million or $1.32 per share, compared to earnings of $26.6 million or $1.20 per share, a year ago. Excluding items, earnings from continuing operations for the third quarter were $30.6 million or $1.36 per share, compared to $28.3 million or $1.28 per share. Analysts on average expected the company to report profit per share of $1.13, for the quarter. Analysts' estimates typically exclude special items.
Net sales for the third quarter were $498.8 million, compared to consolidated net sales of $399.3 million, last year.
The company increased full year sales growth guidance to the low-to-mid 20's percent range from the prior guidance of low 20's percent range. The company also tightened adjusted EBITDA margin outlook to 10.5% - 11%, from a prior range of 10% - 11%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.