Welcome to our dedicated page for Stoneridge news (Ticker: SRI), a resource for investors and traders seeking the latest updates and insights on Stoneridge stock.
Stoneridge, Inc. (NYSE: SRI) is a Novi, Michigan-based global supplier of electronic systems and technologies for transportation, and its news flow reflects developments across its Electronics, Control Devices and Stoneridge Brazil segments. Company press releases and SEC filings highlight product launches, segment performance, strategic reviews and capital structure updates that are relevant for investors and industry observers following SRI stock news.
Recent news emphasizes Stoneridge’s focus on advanced driver information and vision systems, including its MirrorEye camera monitor system, which replaces traditional side-view mirrors with cameras and in-cabin displays. The company reports record MirrorEye sales, new OEM program launches in North America and Europe and the introduction of MirrorEye Multi-Purpose II for buses, coaches and rigid vehicles in Europe, with features such as BSIS, MOIS and digital video output to support safety and regulatory compliance.
Stoneridge also issues news on its SE5000 Smart 2 tachograph for European commercial vehicles, including a next-generation version integrated with OSNMA technology to authenticate GNSS signals and meet EU Mobility Package I requirements. Additional announcements cover significant new business awards in Electronics and Stoneridge Brazil, such as global MirrorEye program extensions and electronic control unit awards for infotainment programs, with the company providing estimated lifetime revenue figures for these programs.
For those tracking SRI news, updates also include quarterly earnings results, guidance changes, cash flow and debt metrics, amendments to the company’s credit facility and a strategic review of the Control Devices business. Stoneridge regularly announces the timing and webcast details of its earnings conference calls and participation in investor conferences, giving investors multiple touchpoints to follow the company’s financial and strategic updates.
Stoneridge, Inc. (NYSE: SRI) reported Q3 2020 earnings with a diluted EPS of $0.25 and adjusted EPS of $0.18 on sales of $175.8 million. Gross profit was $46.0 million, reflecting a 26.5% gross margin. The operating income was $9.8 million (4.7% of sales) with an adjusted EBITDA of $16.9 million (9.6% of sales). The company anticipates Q4 sales between $165 million and $175 million and projected 2021 sales of at least $715 million, indicating over 20% growth. The CEO highlighted strong recovery and improved margins, driven by the successful commercialization of MirrorEye® and increased demand in end markets.
Stoneridge, Inc. (NYSE: SRI) will host a webcast for its third-quarter 2020 earnings conference call on October 29, 2020, at 9:00 a.m. ET. The call will feature president and CEO Jon DeGaynor and CFO Robert Krakowiak. Investors can access the live webcast on the company's website under the Investors section. Stoneridge, based in Novi, Michigan, specializes in designing and manufacturing electrical and electronic components for various vehicle markets including automotive and commercial vehicles.
Stoneridge, Inc. (NYSE: SRI) was awarded the title of 2020 U.S. Best Overall Investor Relations (Small Cap) by IR Magazine on September 16 during a virtual ceremony. This recognition reflects the company's successful transformation and effective communication strategy with analysts and investors. Matt Horvath, Executive Director of Corporate Strategy and Investor Relations, accepted the award. Stoneridge stood out among six finalists in the Best Overall Investor Relations (Small Cap) category after an extensive evaluation process by IR Magazine.
Stoneridge, Inc. (NYSE: SRI) announced participation in the C.L. King's 18th Annual Best Ideas Conference on September 16, 2020, featuring a fireside chat with CEO Jon DeGaynor and CFO Bob Krakowiak at 2:00 p.m. ET. Interested investors can access the webcast details via the Company's website prior to the presentation. Stoneridge specializes in designing and manufacturing advanced electrical and electronic components for various vehicle markets.
Stoneridge, Inc. (NYSE: SRI) announced its participation in the J.P. Morgan 2020 Auto Conference, scheduled for August 11 at 4:20 p.m. ET. CEO Jon DeGaynor and CFO Bob Krakowiak will represent the company. Interested participants can find webcast details on the company's website under the 'Investors/Webcasts & Presentations' section. Stoneridge is a leading designer and manufacturer of electrical components for various vehicle markets, based in Novi, Michigan.
Stoneridge reported its second-quarter 2020 financial results, showing a loss per share (EPS) of ($0.81) and adjusted EPS of ($0.55). Sales totaled $99.5 million, with gross profit at $13.3 million, down 11.2% from Q1. Operating loss was ($26.8) million, and adjusted operating loss was ($19.1) million, representing 19.2% of sales. Despite the challenges posed by COVID-19, the company expects Q3 revenue to align with June's $51.5 million, and forecasts a 16% increase in 2021 OEM production levels. Cash and cash equivalents stood at $72.4 million, with total debt at $166.0 million.
Stoneridge, Inc. (NYSE: SRI) will host a live webcast of its second-quarter 2020 earnings conference call on July 30, 2020, at 9:00 a.m. Eastern Time. CEO Jon DeGaynor and CFO Robert Krakowiak will lead the discussion. Investors can access the webcast through the Webcasts & Presentations page on Stoneridge's official website. The company is based in Novi, Michigan, and specializes in designing and manufacturing electrical and electronic components for various vehicle markets.