Standard Motor reports Q1 non-GAAP EPS 45c vs. 61c last year

Reports Q1 revenue $331.4M vs.$328.0M last year. CEO Eric Sills stated, “Our Q1 experienced mixed results. We are pleased with our record-setting top line performance as sales increased 1% against last year’s Q1, rebounding from the sluggish sales we saw at the end of 2023. However, as expected, we continued to experience headwinds across various cost inputs, causing a drag on our profitability.”