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Significant Earnings per Share Reduction at the Auto & Truck Parts company in the fiscal second quarter of 2022

Standard Motor Products Inc. recorded second quarter of 2022 operating profit of $27.893 millions

Published 2022-08-06T10:48:08-04:00
Goran Soko / CSIMarket.com Contributer

Avarmus_By_Avar_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonStandard Motor Products Inc. recorded different numbers in the financial second quarter of 2022, where Revenue grew by 5.068 % to $359.41 millions in comparison to $342.08 millions on a year-over-year basis, while net profit per share dropped by -28.33 % to $0.86 per share, as a comparison to $1.20 in the prior year quarter.

Revenues advanced by 11.331 % from $322.83 millions in preceding period, net profit per share decreased by -1.15 % from $0.87 per share.

The company resumes to conduct vital capital expenditure, development, and people to help the impending market capitalization for everything investors.
Net earnings of $19.211 millions in the fiscal second quarter of 2022 fell by -29.27 % from $27.161 millions in the corresponding period a year before. Standard Motor Products Inc. shifted it's focus on improving sales in the fiscal second quarter of 2022, as a result net margin eased to 5.35%.
Operating earnings, fell -24.46% to $27.893 millions, squeezing Standard Motor Products Inc.'s operating margin to %.

Standard Motor Products Inc. is expected to report next financial earnings on October 28, 2022.


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Other SMP's Earnings Reports

Standard Motor Products reported second quarter 2022 earnings

Standard Motor Products reported first quarter 2022 earnings

Standard Motor Products reported fourth quarter 2021 earnings

       
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