Standard Motor Products (NYSE:SMP) announced that it earned $5.9 million, or 26 cents per share, down 80 percent from $29.3 million, or $1.28 per share, in the most recent fiscal quarter. Excluding items, profit increased to an adjusted 28 cents.
Revenue increased by ten percent to $192.4 million from $174.2 million, mainly due to contributions from acquisitions.
For the full year,the company earned $41.4 million, or $1.79 per share, down from $62.4 million, or $2.70 per share, last year. Revenue increased to $948.9 million from $874.6 million.
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