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.
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Stoneridge, Inc. (NYSE: SRI) announced that it will host a webcast for its first-quarter 2023 earnings conference call on May 4, 2023, at 9:00 a.m. ET. The call will feature insights from CEO Jim Zizelman and CFO Matt Horvath. Stakeholders can access the webcast via the Company’s Investors section on their website. Stoneridge is based in Novi, Michigan, and specializes in designing and manufacturing advanced electrical and electronic systems for various vehicle markets, including automotive, commercial, and agricultural sectors.
Stoneridge, Inc. (NYSE: SRI) announced the election of Sheila M. Rutt to its board of directors on March 8, 2023. Rutt, who currently serves as the chief human resources officer at Culligan International, has extensive experience in transforming corporate cultures and aligning talent with business strategies. Her past roles include executive positions at RR Donnelley and Diebold Nixdorf. With Rutt's addition, the board will now consist of 10 members, supporting Stoneridge's ongoing board refreshment plan aimed at accelerating the company's transformation and fostering a performance-based culture.
Stoneridge, Inc. (SRI) announced its 2022 fourth quarter results with sales of $231.2 million and earnings per diluted share (EPS) of $0.01. For 2023, the company established a midpoint revenue guidance of $975 million, reflecting a 16% growth from 2022, alongside an expected EBITDA margin expansion of 210 basis points. The long-term revenue target is set between $1.3 billion and $1.5 billion by 2027. Despite macroeconomic challenges, Stoneridge aims for improved operational efficiencies and significant growth in its MirrorEye technology. The adjusted EPS guidance for 2023 is projected between $(0.10) and $0.10. The company has a $3.6 billion backlog, indicating robust future prospects.