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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.
Discover updates across key business areas including advanced driver assistance systems, commercial vehicle electronics, and global supply chain initiatives. Content spans financial results analysis, engineering patent disclosures, and OEM collaboration updates critical for informed decision-making.
Bookmark this page for streamlined access to Stoneridge's verified announcements. Check regularly for developments in automotive connectivity solutions and operational efficiency enhancements driving the future of transportation technology.
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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