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.
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.
Stoneridge reported its Q1 2021 financial results, achieving sales of $193.8 million, with an adjusted EPS of $0.06. Despite strong operational performance, external supply chain disruptions incurred additional costs, impacting adjusted operating income. The company announced a reduction in its full-year adjusted EPS guidance by $0.13 to a midpoint of $0.55, mainly due to supply chain costs and an unfavorable product mix. Stoneridge is focused on transforming the company through divestitures and expanding its MirrorEye® platform, with positive OEM launches expected in H2 2021.
Stoneridge, Inc. (NYSE: SRI) announced its first-quarter 2021 earnings conference call scheduled for April 29, 2021, at 9:00 a.m. ET. The call will feature presentations from president Jon DeGaynor and CFO Robert Krakowiak. Investors can access the webcast on the Company's website. Stoneridge, based in Novi, Michigan, specializes in designing and manufacturing electrical and electronic components for various vehicle markets including automotive and commercial vehicles.
Stoneridge, Inc. (NYSE: SRI) has announced that its MirrorEye® Camera Monitor System will be installed on new Montgomery Transport vehicles, enhancing safety for drivers and road users. The system, which received a federal exemption from the FMCSA, improves visibility, reduces blind spots, and enhances operational efficiency. Montgomery Transport has adopted the system following positive feedback during its trial period, emphasizing its commitment to safety. Stoneridge aims to further develop this technology for fleet risk management.
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