Stoneridge Stock Price, News & Analysis

Stoneridge, Inc. (NYSE: SRI) will present at the Stephens Annual Investment Conference on December 1, 2021, at 1:00 p.m. ET. The presentation will feature CEO Jon DeGaynor and CFO Matt Horvath. Investors can join the presentation via webcast, with details available on the company's website under the Investors/Webcasts & Presentations section. Stoneridge, based in Novi, Michigan, specializes in designing and manufacturing electrical and electronic components for various vehicle markets.

Stoneridge, Inc. (NYSE: SRI) announced a Share Purchase Agreement to sell its 49% stake in Minda Stoneridge Instruments Ltd. to Minda Corporation Limited for $21.5 million. The transaction is expected to close by December 30, 2021, pending customary conditions. Stoneridge CEO Jon DeGaynor highlighted this move as part of the company's strategic transformation, allowing for better resource alignment. The company reported equity earnings from Minda Stoneridge of $1.3 million for the first nine months of 2021 and $1.5 million and $1.6 million for 2020 and 2019, respectively.

Stoneridge, Inc. (SRI) reported a third-quarter loss per share of ($0.38) and adjusted EPS of ($0.27), impacted by supply chain challenges and reduced production. Sales reached $181.7 million, with a gross profit of $36.0 million. The company lowered its full-year revenue guidance to $740-$750 million and adjusted EPS to a midpoint of ($0.55). Despite external challenges, Stoneridge emphasized growth momentum in its MirrorEye product channels, indicating ongoing demand in both OEM and retrofit markets. The company also aims for improved margins as supply chains stabilize.

Stoneridge, Inc. (NYSE: SRI) announced today that its CEO, Jon DeGaynor, and CFO, Matt Horvath, will participate in the Gabelli Funds 45th Annual Automotive Symposium.

The fireside chat is scheduled for 2:30 p.m. ET on November 1, 2021. Interested participants can access the webcast details via the Company’s 'Investors/Webcasts & Presentations' section on their website.

Stoneridge, headquartered in Novi, Michigan, is known for designing and manufacturing electronic components and systems for various vehicle markets.

Stoneridge, Inc. (NYSE: SRI) reported preliminary third-quarter results, revealing challenges due to supply chain disruptions resulting from the ongoing pandemic. The company anticipates sales of approximately $180 million, with an expected operating loss of $8.2 to $9.2 million. Adjusted EPS is projected to be between ($0.29) and ($0.23). Production forecasts have declined by about 13% compared to previous estimates, significantly impacting financial outcomes. Stoneridge is implementing cost mitigation strategies and discussing pricing adjustments with customers to navigate these challenges.

Stoneridge, Inc. (NYSE: SRI) announced the appointment of Matthew Horvath as Chief Financial Officer and Treasurer, effective immediately, following the resignation of Robert Krakowiak on August 31, 2021. Horvath has been with Stoneridge for five years and previously served as Executive Director of Corporate Strategy and Investor Relations. His experience includes significant contributions to the company's product portfolio and investor relations. CEO Jon DeGaynor praised Horvath's leadership and financial acumen as critical for advancing the company's strategic objectives.

Stoneridge, Inc. (NYSE: SRI) will present at the J.P. Morgan 2021 Auto Conference on August 11, 2021, at 3:30 p.m. ET. The presentation will feature CEO Jon DeGaynor and CFO Bob Krakowiak. Interested investors can access the webcast details on the company's website prior to the event. Stoneridge is known for designing and manufacturing advanced electrical and electronic components for various vehicle markets, including automotive and commercial sectors. For more information, visit Stoneridge.com.

Stoneridge, Inc. (NYSE: SRI) reported its Q2 2021 results, posting sales of $191.3 million and diluted EPS of $0.72, which includes a $30.7 million pre-tax gain from the sale of its Canton, MA facility. Adjusted EPS was ($0.14), impacted by supply chain costs and increased tax expenses, leading to a full-year adjusted EPS guidance reduction to $0.25. Despite strong sales, global supply chain disruptions negatively affected profitability, reducing adjusted operating income by $3.7 million. The company anticipates continued production growth in 2022.

Stoneridge, Inc. (NYSE: SRI) will host a webcast for its second-quarter 2021 earnings call on August 5, 2021, at 9:00 a.m. ET. CEO Jon DeGaynor and CFO Robert Krakowiak will present insights during the call. Investors can access the discussion on the Webcasts & Presentations page of the company's website.

Stoneridge, based in Novi, Michigan, specializes in designing and manufacturing electrical and electronic components for various markets, including automotive and commercial vehicles.