company sells its products to warehouse distributors, large retail chains,
original equipment manufacturers, and original equipment service part
operators in the United States, Canada, Europe, Asia, and Latin America."
from continuing operations for the third quarter of 2012 were $17.4 million
or 76 cents per diluted share, compared to $14.1 million or 61 cents per
diluted share in the third quarter of 2011."
Standard Motor Products (SMP)
manufactures and distributes replacement parts for motor vehicles in the
automotive aftermarket industry.
The company's Engine Management segment
manufactures and sells engine management replacement parts, including
electronic ignition control modules, fuel injectors, ignition wires, voltage
regulators, coils, switches, emission sensors, EGR valves, distributor caps
and rotors, and other engine management components primarily under the
Standard, BWD, Intermotor, OEM, TechSmart, and GP Sorensen brand names. This
segment also manufactures fuel pressure regulators, air by-pass valves, idle
air control valves, and PCV valves; spark plug wires and battery cables; and
various electrical wires, terminals, connectors, and tools for servicing an
automobiles electrical system, as well as distributes a range of engine
management products, including ignition coils, ignition modules, switches
and sensors, and filters.
Its Temperature Control segment
manufactures, remanufactures, and markets various replacement parts for
automotive temperature control systems, engine cooling systems, power window
accessories, and windshield washer systems primarily under the Four Seasons,
EVERCO, ACi, Hayden, Factory Air, and Imperial brand names. This segment
also provides remanufactured compressors, clutch assemblies, blower and
radiator fan motors, filter dryers, evaporators, accumulators, hose
assemblies, expansion valves, heater valves, AC service tools and chemicals,
fan assemblies, fan clutches, engine oil coolers, transmission coolers,
window lift motors, motor/regulator assemblies, and windshield washer
The company sells its products to
warehouse distributors, large retail chains, original equipment
manufacturers, and original equipment service part operators in the United
States, Canada, Europe, Asia, and Latin America.
from continuing operations for the third quarter of 2012 were $17.4
million or 76 cents per diluted share, compared to $14.1 million or 61
cents per diluted share in the third quarter of 2011.
net sales for the third quarter of 2012 were $276 million, compared to
consolidated net sales of $236.2 million during the comparable quarter
The Board of
Directors has approved payment of a quarterly dividend of nine cents per
share on the common stock outstanding. The dividend will be paid on
December 3, 2012 to stockholders of record on November 15, 2012.
I Sillsason - President and Chief Executive Officer And Chairman Of The
Lawrence I. Sills, Chief
Executive Officer and Chairman of the Board since December 2000, became the
third generation of his family to be a part of Standard Motor Products when
he started as a Standard sales rep in 1967. Mr. Sills eventually served as
General Sales Manager. From 1983 to 1986, he was Vice President of
Operations before being appointed as President and Chief Operating Officer
in May 1986. Before joining SMP, Mr. Sills was a Sales Representative,
living in Africa, for the Charles Pfizer Company.
K. Case - President and Chief Operating Officer
John P. Gethin, who has been in
the Automotive Aftermarket for over 37 years, became Standardís President
and Chief Operating Officer in December 2000. From 1997 to 2000, Mr. Gethin
was our Senior Vice President of Operations. He also simultaneously held the
position of General Manager, Temperature Control Division from 1998 to 2003.
He was Vice President and General Manager of EIS Brake Parts Division (a
former SMP business unit) from 1995 to 1997. Mr. Gethin started his career
in the automotive industry in 1972 with Echlin and was also the President of
Wagner Brake and Lighting for five years.
Burke - Vice President Finance And Chief Financial Officer
James J. Burke has been Vice
President Finance and Chief Financial Officer since October 1999. Previously
he served as Director of Finance, Chief Accounting Officer and before that
was Corporate Controller. He joined the Company in 1986 when SMP bought EIS
Brake Parts (a former SMP division) from the Parker Hannifin Company.
37-18 Northern Boulevard
Long Island City, NY 11101-1616
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