Stoneridge

Stoneridge, Inc. engages in the production of engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets. It operates through the following segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment designs and manufactures products that monitor, measure, and activate specific functions within a vehicle such as sensors, switches, valves, and actuators. The Electronics segment offers driver information systems, camera-based vision systems, connectivity and compliance products, and electronic control units. The Stoneridge Brazil segment sells vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, and telematics solutions. The company was founded by D. M. Draime in 1965 and is headquartered in Novi, MI.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Stoneridge projects robust 2023 growth amidst MirrorEye success

Stoneridge's Q4 performance showed revenue growth and increased adjusted EPS, with strong expectations for 2023.
The company faces challenges from production constraints and cost impacts but is focused on driving growth through efficiency.
Opportunities lie in partnerships, technology innovation, and a strategic shift towards a technology-focused business model.

Stoneridge (SRI) beats Q1 expectations, eyes growth in electrification

Stoneridge's Q1 2023 performance surpassed expectations, driven by strong revenue growth and strategic initiatives in electrification.
While facing challenges in China and supply chain issues, the company remains optimistic about its full-year guidance and growth prospects.
Appointments in key leadership roles and focus on innovative programs position Stoneridge well for future success and market expansion.

Stoneridge reports robust Q2 performance and eyes market expansion

Stoneridge's Q2 performance reflects strong growth and margin improvement, with a positive outlook for the future.
While challenges like debt refinancing and market competition exist, the company's strategic focus on efficiency and margin enhancement bodes well.
Opportunities in commercial vehicle markets and operational improvements position Stoneridge for continued success and profitability.

Stoneridge reports Q3 resilience amidst challenges, eyes growth opportunities

Stoneridge navigated challenges from the UAW strike, showcasing resilience and strategic diversification.
The company's focus on revenue-generating programs and efficiency initiatives positions it for growth.
Analyst inquiries highlighted financial concerns and growth opportunities for the company's future performance.

Stoneridge (SRI) reports resilient Q4 earnings and eyes growth

Stoneridge's Q4 2023 earnings call highlighted strong performance, strategic strengths in product platforms and drivetrain-agnostic technologies, resilience in overcoming challenges, and promising opportunities for revenue growth and margin expansion. The company's focus on operational improvements and long-term strategy positions it well for future success.

Stoneridge reports robust Q1 performance, eyes revenue growth opportunities

Stoneridge's Q1 2024 earnings call highlighted strong financial performance, operational improvements, and growth initiatives with key partners. While facing challenges in warranty costs and guidance figures, the company remains committed to driving revenue growth and enhancing shareholder value through sustainable practices and product innovation.

Stoneridge Q3 earnings show margin pressure but strong growth outlook

Stoneridge faces margin challenges from lower sales but shows strength in strategic partnerships and innovative programs like MirrorEye. The company aims to enhance financial performance by focusing on cash generation and operational efficiency, with an eye on future market recovery in 2025.

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NOVI, Mich. , Nov. 12, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Stephens Annual Investment Conference.

Stoneridge to Present at the 2024 Stephens Annual Investment Conference

Stoneridge, Inc. (NYSE:SRI ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations James Zizelman - President and CEO Matthew Horvath - Chief Financial Officer Conference Call Participants Daniel Imbro - Stephens Gary Prestopino - Barrington Research Operator Good day and welcome to the Stoneridge, Inc., Third Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.

Stoneridge, Inc. (SRI) Q3 2024 Earnings Call Transcript

MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 million Gross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of sales) Operating income of $0.3 million Adjusted operating income of $0.7 million (0.3% of sales) Adjusted EBITDA of $9.2 million (4.3% of sales)  Adjusted EBITDA was unfavorably impacted by $2.6 million related to operating FX and non-operating expenses vs.

Stoneridge Reports Third Quarter 2024 Results

NOVI, Mich. , Oct. 28, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced the availability of its next MirrorEye® Camera Monitor System program on Daimler Truck North America's (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025.

Stoneridge Announces Next MirrorEye® Program on New Freightliner Fifth Generation Cascadia

NOVI, Mich. , Oct. 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that DB Schenker, a global leader in supply chain management and logistics, is piloting its MirrorEye ® Camera Monitor System (CMS) on its North American fleet.

DB Schenker Pilots Stoneridge's MirrorEye® Camera Monitor System on North American Fleet

NOVI, Mich. , Oct. 17, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its third quarter 2024 earnings conference call live on Thursday, October 31, 2024, at 9:00 a.m.

Stoneridge, Inc. To Broadcast Its Third Quarter 2024 Conference Call On The Web

NOVI, Mich. , Sept. 4, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the CL King's 22nd Annual Best Ideas Conference with a fireside chat at 2:45 p.m.

Stoneridge to Present at CL King's 22nd Annual Best Ideas Conference

Stoneridge, Inc. (NYSE:SRI ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations Jim Zizelman - President and CEO Matt Horvath - Chief Financial Officer Troy Cooprider - Chief Technology Officer Conference Call Participants Collin Nieman - Stephens Gary Prestopino - Barrington Research Operator Welcome to the Stoneridge, Inc., Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.

Stoneridge, Inc. (SRI) Q2 2024 Earnings Call Transcript

Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion 2024 Second Quarter Results Sales of $237.1 million Gross profit of $53.7 million (22.7% of sales) Operating income of $3.4 million Adjusted operating income of $5.4 million (2.3% of sales ) Adjusted EBITDA of $16.1 million (6.8% of sales) Earnings per share ("EPS") of $0.10 Adjusted EPS of $0.17  2024 Full-Year Guidance Update Reducing full-year 2024 revenue midpoint guidance by $45 million to reflect updated FX rates (~$12 million impact), updated OEM production volumes (~$18 million impact) and potential volatility in non-OEM and customer demand-based products (~$15 million impact) Revenue guidance of $940 million - $970 million (midpoint of $955 million) Increasing gross margin midpoint guidance by 50 basis points to reflect continued material cost improvement and operational excellence Gross margin guidance of 22.75% - 23.0% Reducing adjusted operating margin and EBITDA margin expectations to reflect lower contribution from reduced revenue expectations, offset by improved gross margin performance and continued operating cost control Adjusted operating margin guidance of ~2.75% Adjusted EBITDA guidance of $58 million - $64 million (adjusted EBITDA margin of 6.2% - 6.6% ) Adjusted EPS guidance of $0.18 - $0.28 (midpoint of $0.23) NOVI, Mich. , July 31, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced financial results for the second quarter ended June 30, 2024, with sales of $237.1 million and earnings per share of $0.10.

Stoneridge Reports Second Quarter 2024 Results

NOVI, Mich. , July 30, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the J.P.

Stoneridge to Present at 2024 J.P. Morgan Auto Conference

NOVI, Mich. , July 18, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its second quarter 2024 earnings conference call live on Thursday, August 1, 2024, at 9:00 a.m.

Stoneridge, Inc. To Broadcast Its Second Quarter 2024 Conference Call On The Web

NOVI, Mich. , June 5, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Deutsche Bank Global Auto Industry Conference with a presentation at 1:55 p.m.

Stoneridge to Present at the Deutsche Bank Global Auto Industry Conference

NOVI, Mich. , May 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, has announced the appointment of Natalia Noblet as president of its Electronics Division, effective September 1, 2024.

Stoneridge Appoints Natalia Noblet as President of Electronics Division

Stoneridge, Inc. (NYSE:SRI ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Kelly Harvey - Director of Investor Relations James Zizelman - President and Chief Executive Officer Matthew Horvath - Chief Financial Officer Conference Call Participants Justin Long - Stephens Inc. Gary Prestopino - Barrington Research Associates, Inc. Operator Good day, and welcome to the Stoneridge First Quarter 2024 Earnings Call. All participants will be in a listen-only mode.

Stoneridge, Inc. (SRI) Q1 2024 Earnings Call Transcript

Maintains Previously Provided Full-Year 2024 Guidance Driven by Sales Growth and Operating Performance for the Remainder of the Year NOVI, Mich. , May 1, 2024 /PRNewswire/ -- 2024 First Quarter Results Sales of $239.2 million Gross profit of $48.4 million (20.2% of sales) Operating income of $0.3 million (0.1% of sales) Q1 operating income unfavorably impacted by incremental warranty-related expenses of ~$2.0 million EBITDA of $6.6 million (2.8% of sales) Q1 EBITDA includes unfavorable impact of non-operating FX and equity interest expenses of ~$2.3 million and incremental warranty-related expenses of ~$2.0 million (Total EBITDA impact of ~$4.3 million) Loss per share ("EPS") of $(0.22) Q1 EPS includes unfavorable impact of non-operating FX and equity interest expenses of ~$0.08 and incremental warranty-related expenses of ~$0.05 (Total EPS impact of ~$0.13)  2024 Full-Year Guidance Maintaining previously provided full-year 2024 guidance ranges Sales guidance of $990.0 million - $1,010.0 million Gross margin guidance of 22.0% - 22.75% Operating margin guidance of 2.75% - 3.25% EBITDA guidance of $64 million - $70 million (EBITDA margin of 6.5% - 6.9%) EPS guidance of $0.30 - $0.40 Stoneridge, Inc. (NYSE: SRI) today announced financial results for the first quarter ended March 31, 2024, with sales of $239.2 million and loss per share of $(0.22).

Stoneridge Reports First Quarter 2024 Results

NOVI, Mich. , April 18, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its first-quarter 2024 earnings conference call live on Thursday, May 2, 2024, at 9:00 a.m.

Stoneridge, Inc. To Broadcast Its First-Quarter 2024 Conference Call On The Web

Highlights Progress on Environmental, Social, and Governance Initiatives NOVI, Mich. , April 10, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today published its inaugural sustainability report  which highlights the company's global progress related to its environmental, social, and governance (ESG) initiatives through fiscal year 2023.

Stoneridge Releases Inaugural Sustainability Report

CLAREMONT, N.C., March 22, 2024 /PRNewswire/ -- Cargo Transporters, Inc., a truckload, dry van carrier is proud to announce the adoption of Stoneridge, Inc.'s (NYSE: SRI) MirrorEye® Camera Monitor System (CMS), a cutting-edge system designed to provide the driver with a more complete view of operating conditions over traditional truck mirrors.

Cargo Transporters, Inc. Adopts Stoneridge's MirrorEye® Camera Monitor System

NOVI, Mich. , March 14, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced the appointment of Troy Cooprider to the position of chief technology officer.

Stoneridge Appoints Troy Cooprider as Chief Technology Officer

Stoneridge, Inc. (NYSE:SRI) Q4 2023 Earnings Conference Call February 29, 2024 9:00 AM ET

Stoneridge, Inc. (SRI) Q4 2023 Earnings Call Transcript

Achieves Q4 Sequential EPS Improvement In Line with Prior Expectations Establishes 2024 Midpoint Revenue Guidance of $1 Billion And Midpoint EBITDA of $67 Million (Midpoint EBITDA Margin Expansion Of 170 Basis Points vs. 2023) Maintains 2027 Long-Term Target and Establishes 2028 Revenue Target of $1.35 - $1.55 Billion and EBITDA Margin Target of 12.0% - 14.0% NOVI, Mich.

Stoneridge Reports Fourth Quarter 2023 Results

Industry-leading vision system technology to be featured on FH Aero, All-New VNL models NOVI, Mich. , Feb. 27, 2024 /PRNewswire/ -- Stoneridge Inc. (NYSE: SRI) today announced its MirrorEye® Camera Monitor System will launch on Volvo's all-new heavy-duty truck platforms.

Stoneridge Launching MirrorEye® Camera Monitor System with Volvo Trucks on Global Heavy-Duty Truck Platforms

NOVI, Mich. , Feb. 15, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its fourth-quarter 2023 earnings conference call live on Thursday, February 29, 2024, at 9:00 a.m.

Stoneridge, Inc. To Broadcast Its Fourth-Quarter 2023 Conference Call On The Web

NOVI, Mich. , Feb. 2, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) announced today that its Federal Motor Carrier Safety Association (FMCSA) exemption for its MirrorEye® Camera Monitor System (CMS) has been renewed for an additional five years.

Stoneridge's MirrorEye® Camera Monitor System Receives FMCSA Exemption Renewal

NOVI, Mich. , Jan. 31, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) announced today it has published its first Task Force for Climate-Related Financial Disclosures (TCFD) report.

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