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

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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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. , Feb. 21, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the commercial vehicle, automotive, and off-highway industries, today announced that Carsten J.

Stoneridge Elects Carsten J. Reinhardt to Board of Directors

NOVI, Mich. , Feb. 16, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its fourth-quarter 2022 earnings conference call live on Thursday, March 2, 2023, at 9:00 a.m.

STONERIDGE, INC. TO BROADCAST ITS FOURTH-QUARTER 2022 CONFERENCE CALL ON THE WEB

NOVI, Mich. , Feb. 13, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), today announced that Jeffrey P.

Stoneridge Announces Continued Board Refreshment Plan

Jon DeGaynor to Resign as President & Chief Executive Officer NOVI, Mich. , Jan. 31, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), today announced the appointment of Jim Zizelman as president and chief executive officer and member of the Stoneridge Board of Directors, effective immediately.

Stoneridge Announces the Appointment of Jim Zizelman as President and Chief Executive Officer

Stoneridge, Inc. (NYSE:SRI ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Kelly Harvey - Director, IR Jonathan DeGaynor - CEO, President & Director Matthew Horvath - CFO & Treasurer Conference Call Participants Justin Long - Stephens Inc. Operator Good day, and thank you for standing by. Welcome to the Stoneridge third quarter 2022 conference call.

Stoneridge, Inc. (SRI) Q3 2022 Earnings Call Transcript

THIRD-QUARTER PERFORMANCE REFLECTS MARGIN EXPANSION DRIVEN BY STRONG OPERATING PERFORMANCE AND CONTINUED REVENUE GROWTH SEQUENTIAL GROWTH EXPECTED TO CONTINUE IN Q4 PROVIDING STRONG RUN-RATE INTO 2023 2022 Third-Quarter Results Sales of $226.8 million Adjusted sales of $214.0 million (4.0% growth over Q2 2022) Gross profit of $49.4 million (23.1% of adjusted sales, a 440 basis point improvement over Q2 2022) Operating income of $5.9 million Adjusted operating income of $6.1 million (2.9% of adjusted sales, a 600 basis point improvement over Q2 2022) Adjusted EBITDA of $12.1 million (5.6% of adjusted sales, a 450 basis point improvement over Q2 2022) Earnings per share ("EPS") of $0.03 Adjusted EPS of $0.03 ($0.32 adjusted EPS improvement over Q2 2022) 2022 Guidance Update Fourth quarter adjusted revenue guidance of $234 – $244 million (midpoint of $239 million or 11.5% growth vs. Q3) Fourth quarter adjusted EPS guidance of $0.21 – $0.27 (midpoint of $0.24 adjusted EPS or $0.21 growth vs.

Stoneridge Reports Third-Quarter 2022 Results

NOVI, Mich. , Oct. 20, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its third-quarter 2022 earnings conference call live on Thursday, November 3, 2022, at 9:00 a.m.

STONERIDGE, INC. TO BROADCAST ITS THIRD-QUARTER 2022 CONFERENCE CALL ON THE WEB

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Stoneridge, Inc. (NYSE:SRI ) Q2 2022 Earnings Conference Call August 4, 2022 9:00 AM ET CompanyParticipants Jon DeGaynor - President & CEO Matt Horvath - CFO Kelly Harvey - Director, IR Conference Call Participants Justin Long - Stephens Inc. Operator Good day, and thank you for staying by. Welcome to the Stoneridge Second Quarter 2022 Conference Call.

Stoneridge, Inc. (SRI) CEO Jon DeGaynor on Q2 2022 Results - Earnings Call Transcript

MIRROREYE OEM TAKE RATES REMAIN STRONGER THAN ORIGINAL EXPECTATIONS WITH INCREASED OUTLOOK FOR 2023 SECOND-QUARTER PERFORMANCE IMPACTED BY FX HEADWINDS 2022 Second-Quarter Results Sales of $220.9 million Adjusted sales of $205.7 million Gross profit of $38.6 million (18.7% of adjusted sales) Excluding unfavorable impact of foreign currency vs. Q1, adjusted gross margin of 19.7% Operating loss of ($5.9) million Adjusted operating loss of ($6.5) million ((3.2%) of adjusted sales) Excluding unfavorable impact of foreign currency vs.

Stoneridge Reports Second-Quarter 2022 Results

NOVI, Mich., July 21, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its second-quarter 2022 earnings conference call live on Thursday, August 4, 2022, at 9:00 a.m.

STONERIDGE, INC. TO BROADCAST ITS SECOND-QUARTER 2022 CONFERENCE CALL ON THE WEB

NOVI, Mich. , July 5, 2022 /PRNewswire/ -- Stoneridge Inc. (NYSE: SRI), a global designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced that Salvatore (Sal) Orsini has been named chief procurement officer effective July 5, 2022.

Stoneridge Appoints Sal Orsini to Chief Procurement Officer Position, Announces New Operations Organizational Structure

Stoneridge, Inc. (NYSE:SRI ) Q1 2022 Earnings Conference Call May 5, 2022 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations Jon DeGaynor - President & Chief Executive Officer Matt Horvath - Chief Financial Officer Conference Call Participants Justin Long - Stephens Inc. Operator Good morning and welcome to the Stoneridge First Quarter 2022 Conference Call. My name is Anera and I'll be the operator for today's call.

Stoneridge, Inc. (SRI) CEO Jon DeGaynor on Q1 2022 Results - Earnings Call Transcript

FIRST-QUARTER PERFORMANCE DRIVEN PRIMARILY BY FAVORABLE IMPACT OF PRICING ACTIONS / MATERIAL COST RECOVERY EFFORTS AND SUPPLY CHAIN INITIATIVES ANNOUNCING CONTINUED MIRROREYE FLEET TRIAL EXPANSIONS WITH SCHNEIDER, MAVERICK AND NUSSBAUM – OEM TAKE RATES REMAIN STRONG   2022 First-Quarter Results Loss per share ("EPS") of ($0.28) Adjusted EPS of ($0.27) Sales of $221.1 million Adjusted sales of $196.6 Gross profit of $41.4 million (21.1% of adjusted sales) Operating loss of ($3.0) million ((1.5%) of adjusted sales) EBITDA of $4.3 million (2.2% of adjusted sales) 2022 Full-year Guidance Update Maintaining full-year 2022 revenue guidance of $860 million to $900 million Increasing 2022 adjusted gross margin, operating margin and EBITDA margin guidance by 25 basis points to reflect favorable ongoing impact of cost recovery efforts and supply chain initiatives Expecting incremental tax expense based on forecasted geographic mix of earnings and forecasted US tax on foreign operations Maintaining adjusted EPS guidance of ($0.15) to $0.10 Improved margin performance approximately offset by incremental tax expense NOVI, Mich. , May 4, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced financial results for the first quarter ended March 31, 2022, with sales of $221.1 million and loss per share of ($0.28).

Stoneridge Reports First-Quarter 2022 Results

NOVI, Mich. , April 21, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its first-quarter 2022 earnings conference call live on Thursday, May 5, 2022, at 9:00 a.m.

STONERIDGE, INC. TO BROADCAST ITS FIRST-QUARTER 2022 CONFERENCE CALL ON THE WEB

Stoneridge Inc. (SRI) CEO Jonathan DeGaynor on Q4 2021 Results - Earnings Call Transcript

Stoneridge (SRI) delivered earnings and revenue surprises of 7.69% and 13.77%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Stoneridge (SRI) Reports Q4 Loss, Tops Revenue Estimates

NOVI, Mich., Feb. 28, 2022 /PRNewswire/ -- Fourth-Quarter 2021 Results    Loss per diluted share ("EPS") of ($0.23) Adjusted loss per share of ($0.24) Sales of $203.7 million Adjusted sales of $184.7 million Gross profit of $41.9 million Adjusted gross profit of $42.0 million (22.7% of adjusted sales) Operating loss of ($4.4) million Adjusted operating loss of ($7.0) million ((3.8%) of adjusted sales) Adjusted EBITDA of $2.4 million (1.3% of adjusted sales) Full-Year 2021 Results    Earnings per share of $0.12 Adjusted loss per share of ($0.59) Sales of $770.5 million Gross profit of $166.9 million Adjusted gross profit of $168.4 million (22.4% of adjusted sales) Operating profit of $15.4 million Adjusted operating loss of ($12.2) million ((1.6%) of adjusted sales) Adjusted EBITDA of $23.7 million (3.2% of adjusted sales) 2022 Guidance Adjusted EPS of ($0.15) - $0.10 Adjusted sales of $860 - $900 million Adjusted gross margin of 21.5% - 22.5% Adjusted operating margin of 0.75% - 1.75% Adjusted EBITDA margin of 5.0% - 6.0% ($43 million - $54 million) Tax expense of $2.5 million to $4.5 million Stoneridge, Inc. (NYSE: SRI) today announced financial results for the fourth quarter and full-year ended December 31, 2021, with fourth quarter sales of $203.7 million and a loss per share of ($0.23) and full-year sales of $770.5 million and EPS of $0.12.

Stoneridge Reports Fourth-Quarter and Full-Year 2021 Results

Stoneridge (SRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Stoneridge (SRI) to Report a Decline in Earnings: What to Look Out for

NOVI, Mich., Feb. 14, 2022 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) will webcast its fourth-quarter 2021 earnings conference call live on Tuesday, March 1, 2022, at 9:00 a.m.

STONERIDGE, INC. TO BROADCAST ITS FOURTH-QUARTER 2021 CONFERENCE CALL ON THE WEB

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NOVI, Mich. and HOD HASHARON, Israel, Jan. 18, 2022 /PRNewswire/ -- Valens Semiconductor (NYSE: VLN), a premier provider of high-speed connectivity solutions for the automotive and audio-video markets, and Stoneridge, Inc. (NYSE: SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced their partnership to introduce a connectivity solution related to vision and safety systems in tractor trailers to address safety-critical issues in the trucking industry.

Stoneridge and Valens Semiconductor Announce their Partnership to Enhance Tractor-Trailer Safety Through Advanced Connectivity and Vision Solutions

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NOVI, Mich., Nov. 2, 2021 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced the Company entered into a Share Purchase Agreement (the "SPA") to sell its minority interest in Minda Stoneridge Instruments Ltd.

Stoneridge Announces Sale of Minority Interest in Minda Stoneridge Instruments Ltd.

Stoneridge, Inc. (SRI) CEO Jon DeGaynor on Q3 2021 Results - Earnings Call Transcript

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