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Standard Motor Products Inc   (SMP)
 

Sharp fall in EPS at the company in the third quarter of 2022 earnings season

company announced third quarter of 2022 operating profit of $33.615 millions


Published Nov 01 2022
CSIMarket Team / CSIMarket.com


By_Tabercil_from_Canadian_(Car_Show_080)__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonRevenue improvement of 2.987 %, could not prevent income contraction of -62.62 % in the fiscal period ending September 30 2022, compared to same reporting season a year before. Revenues were at $381.37 millions and eps at $0.40.

In comparison to the previous reporting season profit plummeted by -53.49 % from $0.86 per share and Revenues advanced by 6.11 % from $359.41 millions.


Earnings of $8.898 millions in the third quarter of 2022 earnings season fell by -63.02 % from $24.063 millions in the corresponding period a year before. Standard Motor Products Inc shifted it's focus on improving sales in the third quarter of 2022 earnings season, as a result net margin eased to 2.33%.
Operating earnings, fell -12.77% to $33.615 millions, squeezing Standard Motor Products Inc 's operating margin to 8.81%, from 10.41% in the third quarter of 2021.

Standard Motor Products Inc is expected to report next financial earnings on May 03, 2023.



Standard Motor Products Inc's Capital Expenditures Growth

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