Standard Motor Products Announces Year End 2013 Results
February 24, 2014—Standard Motor Products announced Monday consolidated net sales of $218.7 million for the fourth quarter of 2013.
Those figures were up compared to consolidated net sales of $192.4 million during the fourth quarter of 2012.
The company also announced consolidated net sales of $983.7 million for 2013, compared to consolidated net sales of $948.9 million in 2012.
"We are very pleased with our results for 2013,” said Lawrence I. Sills, chairman and CEO of Standard Motor Products. “We set company records for both sales and profit, despite a disappointing year in Temperature Control, primarily the result of a mild summer season. For the year, sales increased 3.7 percent and earnings per share, excluding special items, were up 27 percent, from $1.83 to $2.32.”