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. reports developments as a global supplier of electronic systems and technologies for on- and off-highway transportation markets. Company news centers on operating results, program awards, end-market demand, and product activity in vehicle intelligence, safety, security, electronic controls, connectivity, compliance products, and camera-based vision systems.
Recurring updates include sales and production milestones for the MirrorEye® Camera Monitor System, performance trends in the Electronics business, OEM activity in Brazil, earnings conference calls, financial guidance, cost and margin initiatives, and board or executive leadership changes. Coverage also includes governance matters and shareholder voting topics tied to Stoneridge's public-company operations.
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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