Standard Motor Products Q4 sales $309.9M (+9.6% YoY); FY revenue $1.30B (+15%)

STANDARD MOTOR PRODUCTS, INC.

2021-FY EPS reported $4.02 revenue$1,298,816,000

Q4 2021 net sales $309.9M (+9.6% YoY); GAAP EPS $0.89; adjusted EPS $0.90 vs $1.08 prior year.
Full year 2021 net sales $1.30B (+15% YoY); GAAP EPS $4.39; adjusted EPS $4.45 vs $3.61 prior year.
Quarterly dividend raised from $0.25 to $0.27 per share; payable March 1, 2022 to holders of record Feb 15, 2022.
Engine Management sales up 6% Q4 and 12% FY; Temperature Control up 24% FY; specialized OE business 24% of segment revenue in Q4.
Director Richard S. Ward to retire at May 2022 annual meeting; board size reduced from 10 to 9 members.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

Richard S. Ward

Director

SMP · STANDARD MOTOR PRODUCTS, INC.

Effective: 2022-05-19
Filed: February 22, 2022, 6:59 PM ET

On February 17, 2022, Richard S. Ward announced that he will retire from the Board of Directors of the Company at the end of his current term of office in May 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Richard S. Ward departed as Director at STANDARD MOTOR PRODUCTS, INC..

Action: retire
Role: Director

Exact text from the filing

On February 17, 2022, Richard S. Ward announced that he will retire from the Board of Directors of the Company at the end of his current term of office in May 2022.

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STANDARD MOTOR PRODUCTS, INC. filing history →

Source: SEC EDGAR

accession 0001140361-22-006222

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