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. (NYSE: SRI) is a Novi, Michigan-based global supplier of electronic systems and technologies for transportation, and its news flow reflects developments across its Electronics, Control Devices and Stoneridge Brazil segments. Company press releases and SEC filings highlight product launches, segment performance, strategic reviews and capital structure updates that are relevant for investors and industry observers following SRI stock news.
Recent news emphasizes Stoneridge’s focus on advanced driver information and vision systems, including its MirrorEye camera monitor system, which replaces traditional side-view mirrors with cameras and in-cabin displays. The company reports record MirrorEye sales, new OEM program launches in North America and Europe and the introduction of MirrorEye Multi-Purpose II for buses, coaches and rigid vehicles in Europe, with features such as BSIS, MOIS and digital video output to support safety and regulatory compliance.
Stoneridge also issues news on its SE5000 Smart 2 tachograph for European commercial vehicles, including a next-generation version integrated with OSNMA technology to authenticate GNSS signals and meet EU Mobility Package I requirements. Additional announcements cover significant new business awards in Electronics and Stoneridge Brazil, such as global MirrorEye program extensions and electronic control unit awards for infotainment programs, with the company providing estimated lifetime revenue figures for these programs.
For those tracking SRI news, updates also include quarterly earnings results, guidance changes, cash flow and debt metrics, amendments to the company’s credit facility and a strategic review of the Control Devices business. Stoneridge regularly announces the timing and webcast details of its earnings conference calls and participation in investor conferences, giving investors multiple touchpoints to follow the company’s financial and strategic updates.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
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.
Stoneridge, Inc. (NYSE: SRI) announced a partnership with KLLM Transport Services and Frozen Food Express to implement its MirrorEye® Camera Monitor System (CMS) in their fleets. This initiative aims for 1,000 installations in 2023, enhancing vehicle safety and efficiency. The MirrorEye system replaces traditional mirrors with advanced cameras, improving visibility and reducing blind spots. The system features night vision, automated panning, and optional video recording. This decision reflects KLLM/FFE's commitment to safety and operational efficiency while minimizing carbon emissions. The FMCSA has exempted MirrorEye-equipped trucks from using mirrors, marking a significant innovation in the industry.
Stoneridge, Inc. (NYSE: SRI) announced the election of Carsten J. Reinhardt to its board of directors on February 21, 2023. Reinhardt brings extensive experience from his previous positions as CEO of Voith Turbo, COO of Meritor Inc., and CEO of Detroit Diesel Corporation. His background includes leadership roles in the commercial vehicle sector, making him a significant addition to Stoneridge as it pursues growth. The board size has increased to nine members, aligning with the company's ongoing board refreshment strategy aimed at enhancing talent and accelerating transformation.
Stoneridge, Inc. (NYSE: SRI) announced it will webcast its fourth-quarter 2022 earnings conference call on March 2, 2023, at 9:00 a.m. ET. The call will feature insights from president and CEO Jim Zizelman and CFO Matt Horvath. Investors can access the live webcast on the company's Webcasts & Presentations page. Stoneridge, headquartered in Novi, Michigan, specializes in designing and manufacturing advanced electrical and electronic systems for various vehicle markets.