Top 5 Stories Of The Week

Genuine Parts Co. to Acquire Kaman Distribution Group

The transaction is expected to close in the first quarter of 2022, subject to the satisfaction of customary closing conditions.

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Advance Creates Holiday Road Trip Promo for Pet Owners

From Dec. 13-24, participating Advance retail locations will welcome road trippers and their four-legged co-pilots.

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Hoosier Racing Tire Reveals New Branding

An iconic purple color and “Hoosier H” will remain part of the company’s identity.

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Continental Acquires Stake in Software Specialist Apex.AI

Minority stake underscores existing technology cooperation.

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Standard Motor Products, Inc. reported its consolidated financial results for the three months ended March 31, 2024.

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023, the company said. Earnings from continuing operations for the first quarter of 2024 were $9.9 million or $0.44 per diluted share, compared to $12.7 million or $0.57 per diluted share in the first quarter of 2023. Excluding non-operational gains and losses identified on the attached reconciliation of GAAP and non-GAAP measures, earnings from continuing operations for the first quarter of 2024 were $10.0 million or $0.45 per diluted share, compared to $13.4 million or $0.61 per diluted share in the first quarter of 2023.