Stoneridge Stock Price, News & Analysis

Stoneridge, Inc. (NYSE: SRI) announced that DB Schenker is piloting its MirrorEye® Camera Monitor System (CMS) on 75 trucks in its North American fleet. MirrorEye replaces traditional mirrors with integrated cameras and monitors, enhancing safety by reducing blind spots and improving vision in challenging conditions. The system also includes digital video recording and retrieval capabilities.

DB Schenker aims to enhance driver safety and improve fuel efficiency by eliminating traditional mirrors. This aligns with their emissions reduction efforts for CO2 savings in land transportation. If the pilot is successful, DB Schenker plans to expand MirrorEye implementation across its entire North American fleet.

The collaboration supports DB Schenker's commitment to safety and sustainability in fleet operations, while showcasing Stoneridge's focus on driver and fleet-oriented technology offering improved visibility and operational efficiency.

Stoneridge (NYSE: SRI) has announced it will webcast its third quarter 2024 earnings conference call on Thursday, October 31, 2024, at 9:00 a.m. ET. The call will feature president and CEO Jim Zizelman and CFO Matt Horvath. Investors can access the webcast through the Presentations & Events page in the Investors section of the company's website, www.stoneridge.com.

Stoneridge, headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and modules for the automotive, commercial, off-highway and agricultural vehicle markets.

Stoneridge, Inc. (NYSE: SRI), a global designer and manufacturer of electrical and electronic systems for various vehicle markets, has announced its participation in the CL King's 22nd Annual Best Ideas Conference. Jim Zizelman, president and CEO, and Matt Horvath, CFO, will engage in a fireside chat on Monday, September 16, 2024, at 2:45 p.m. ET.

The company, headquartered in Novi, Michigan, will provide webcast details for the presentation on its website's 'Presentations & Events' section prior to the event. Stoneridge specializes in highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, and agricultural vehicle markets.

Stoneridge (NYSE: SRI) reported Q2 2024 financial results with sales of $237.1 million and EPS of $0.10. Adjusted EPS was $0.17. The company achieved significant margin expansion, with gross profit of $53.7 million (22.7% of sales), operating income of $3.4 million, and adjusted EBITDA of $16.1 million (6.8% of sales). Stoneridge updated its full-year 2024 guidance, reducing revenue expectations but increasing gross margin projections. The company now forecasts revenue of $940-$970 million, gross margin of 22.75-23.0%, adjusted operating margin of ~2.75%, and adjusted EPS of $0.18-$0.28. Stoneridge highlighted the launch of its MirrorEye OEM systems with Volvo and Peterbilt, expecting volumes to accelerate in the second half of 2024.

Stoneridge (NYSE: SRI), a global designer and manufacturer of electrical and electronic systems for various vehicle markets, has announced its participation in the 2024 J.P. Morgan Auto Conference in New York City. Jim Zizelman, president and CEO, and Matt Horvath, CFO, will present on Wednesday, August 7, 2024, at 9:35 a.m. ET.

The presentation will be available via live webcast, with details accessible on Stoneridge's website prior to the event. This conference provides an opportunity for Stoneridge to showcase its expertise in highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, and agricultural vehicle markets.

Headquartered in Novi, Michigan, Stoneridge continues to demonstrate its commitment to engaging with investors and industry professionals through participation in such prominent events.

Stoneridge, Inc. (NYSE: SRI), a global designer and manufacturer of electrical and electronic systems for various vehicle markets, has announced its upcoming second quarter 2024 earnings conference call. The call will be webcast live on Thursday, August 1, 2024, at 9:00 a.m. ET. President and CEO Jim Zizelman, along with CFO Matt Horvath, will lead the presentation.

Investors and interested parties can access the webcast through the Presentations & Events page in the Investors section of Stoneridge's website. This event provides an opportunity for stakeholders to gain insights into the company's financial performance and future outlook.

Stoneridge (NYSE: SRI) announced that its CEO Jim Zizelman and CFO Matt Horvath will present at the Deutsche Bank Global Auto Industry Conference on June 11, 2024, at 1:55 p.m. ET. The presentation will be available via webcast, with details to be posted on the company's website. Stoneridge, based in Novi, Michigan, specializes in designing and manufacturing electrical and electronic systems for various vehicle markets, including automotive, commercial, off-highway, and agricultural sectors. More information is available on their website.

Stoneridge (NYSE: SRI) has appointed Natalia Noblet as president of its Electronics Division, effective September 1, 2024. Noblet succeeds Peter Österberg and will lead financial performance, product development, business strategy, and technical vision for the company's largest and fastest-growing segment. This division focuses on advanced driver assistance products, vision systems, and connectivity and compliance solutions for commercial trucks, buses, and off-highway markets. Noblet previously served as SVP EMEA at ZF's Commercial Vehicle Solutions division and held leadership roles at WABCO. She holds a master's and doctorate degree in economics and management science from Wroclaw University of Economics and Business in Poland.

Stoneridge, Inc. reported Q1 2024 results with sales of $239.2 million, gross profit of $48.4 million, and operating income of $0.3 million. The company maintained its full-year 2024 guidance with sales of $990.0 million - $1,010.0 million, gross margin of 22.0% - 22.75%, and EPS of $0.30 - $0.40. Despite some challenges like warranty-related expenses impacting Q1 results, Stoneridge is focused on cost reduction and improving profitability through operational efficiency.