Stoneridge Stock Price, News & Analysis

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.

Stoneridge, Inc. (NYSE: SRI) has expanded its partnership with Maverick Transportation to incorporate the MirrorEye® Camera Monitor System (CMS) into Maverick's standard equipment for new tractor purchases. This expansion aims to enhance safety through improved driver visibility and operational efficiencies, reinforcing Maverick's commitment to safety. The MirrorEye system, the first of its kind to receive federal exemption, significantly reduces blind spots and offers features like self-cleaning and infrared-enhanced night vision. The collaboration is backed by safety data from their previous evaluations.

Stoneridge, Inc. (NYSE: SRI) reported its fourth-quarter 2020 results with EPS of $0.13 and sales of $189.7 million, while full-year sales reached $648.0 million with a loss per share of ($0.29). Adjusted EPS for Q4 was $0.14. The company anticipates 2021 sales between $770 million and $790 million, factoring in supply chain challenges. Adjusted EPS guidance is set at $0.60 to $0.75. Stoneridge aims for significant growth driven by new program launches and a projected CAGR of at least 10% through 2025. As of Q4, net debt decreased by $13.5 million, with cash reserves totaling $73.9 million.

Stoneridge Inc. (NYSE: SRI) announced the appointment of Frank S. Sklarsky to its board of directors, expanding the board to nine members. Sklarsky brings extensive experience, previously serving as executive vice president and CFO at PPG Industries and Tyco International, among others. His expertise in global business growth and financial strategies is expected to enhance Stoneridge's growth initiatives. Sklarsky holds a bachelor's degree in Accounting from the Rochester Institute of Technology and an MBA from Harvard University.

Stoneridge, Inc. (NYSE: SRI) will host a live webcast of its fourth-quarter 2020 earnings conference call on February 25, 2021, at 9:00 a.m. ET. The call will feature insights from president and CEO Jon DeGaynor and CFO Robert Krakowiak. Investors can access the webcast via the Webcasts & Presentations page on the company’s website. Stoneridge is an independent designer and manufacturer of electrical and electronic components primarily serving automotive and commercial vehicle markets.

Stoneridge, Inc. (NYSE: SRI) announced participation in the Stephens Annual Investment Conference 2020 with a fireside chat featuring CEO Jon DeGaynor and CFO Bob Krakowiak on November 18, 2020, at 8:00 a.m. ET. Interested parties can access the webcast through the Investors/Webcasts & Presentations section on the company’s website prior to the event. Stoneridge specializes in engineering electrical and electronic components for various markets, including automotive and commercial vehicles. Further details are available at Stoneridge.com.

Stoneridge (NYSE: SRI) announces participation in the Gabelli 44th Annual Automotive Aftermarket Symposium. CEO Jon DeGaynor and CFO Bob Krakowiak will engage in a fireside chat on November 2, 2020, at 11:30 a.m. ET. Details for the webcast will be available on the company's website prior to the event. Based in Novi, Michigan, Stoneridge specializes in highly engineered electrical components for various vehicle markets.

Stoneridge, Inc. (NYSE: SRI) reported Q3 2020 earnings with a diluted EPS of $0.25 and adjusted EPS of $0.18 on sales of $175.8 million. Gross profit was $46.0 million, reflecting a 26.5% gross margin. The operating income was $9.8 million (4.7% of sales) with an adjusted EBITDA of $16.9 million (9.6% of sales). The company anticipates Q4 sales between $165 million and $175 million and projected 2021 sales of at least $715 million, indicating over 20% growth. The CEO highlighted strong recovery and improved margins, driven by the successful commercialization of MirrorEye® and increased demand in end markets.