Standard Motor Products Reports Q4 EPS of $0.11 vs. $0.03

Standard Motor Products, Inc. SMP reported today its consolidated financial results for the three months and for the year ended December 31, 2010.

Consolidated net sales for the fourth quarter of 2010 were $173 million, compared to consolidated net sales of $160.1 million during the comparable quarter in 2009.  Earnings from continuing operations for the fourth quarter of 2010 were $2.7 million or 12 cents per diluted share, compared to a loss of $5.2 million or 25 cents per diluted share in the fourth quarter of 2009.

Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and Non-GAAP measures, earnings from continuing operations for the fourth quarter of 2010 were $2.6 million or 11 cents, compared to $398 thousand or 2 cents per diluted share in the fourth quarter of 2009.