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Stoneridge Inc (NYSE: SRI) delivers innovative electronic solutions for transportation safety and efficiency. This news hub provides investors and industry professionals with essential updates on corporate developments, technological breakthroughs, and market strategies.
Access authoritative reporting on earnings announcements, product launches like the MirrorEye Camera Monitor System, and strategic partnerships. Our curated collection ensures timely access to regulatory filings, operational milestones, and leadership insights directly impacting SRI's market position.
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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.
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