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.
Stoneridge, Inc. (SRI) reported its Q1 2022 results, posting sales of $221.1 million and a loss per share of ($0.28). Adjusted sales were $196.6 million, with a gross profit of $41.4 million (21.1% of adjusted sales). The company maintains full-year revenue guidance of $860 million to $900 million and expects improved margins driven by cost recovery efforts. However, it anticipates incremental tax expenses affecting adjusted EPS guidance of ($0.15) to $0.10. Notably, the MirrorEye platform saw strong OEM take rates with ongoing fleet expansions.
Stoneridge, Inc. (NYSE: SRI) will host a live webcast of its first-quarter 2022 earnings conference call on May 5, 2022, at 9:00 a.m. ET. CEO Jon DeGaynor and CFO Matt Horvath will lead the discussion. Interested investors can access the webcast on the company's website under the Investors section. Stoneridge specializes in designing and manufacturing advanced electrical and electronic components for various vehicle markets, including automotive and commercial sectors.
Stoneridge, Inc. (NYSE: SRI) reported Q4 2021 results with sales of $203.7 million and a loss per share of ($0.23). Full-year sales reached $770.5 million, with an EPS of $0.12. Adjusted loss per share for 2021 was ($0.59). The company anticipates 2022 adjusted sales between $860-$900 million and an adjusted EPS guidance of ($0.15) to $0.10. Stoneridge highlighted a 13% increase in backlog, reaching $3.4 billion, and strong demand for the MirrorEye platform. The company's long-term targets are set for $1.25 billion in revenue and 14% EBITDA margin by 2026.
Stoneridge, Inc. (NYSE: SRI) will host a live webcast of its fourth-quarter 2021 earnings conference call on March 1, 2022, at 9:00 a.m. ET. The call will feature CEO Jon DeGaynor and CFO Matt Horvath. Investors can access the webcast via the Investors section on Stoneridge's website. The company specializes in designing and manufacturing advanced electrical and electronic components for various vehicle markets, including automotive and commercial vehicles. Further details are available on their official website.
Valens Semiconductor (NYSE: VLN) and Stoneridge, Inc. (NYSE: SRI) have partnered to enhance safety in the trucking industry through advanced connectivity solutions. This collaboration aims to address visibility limitations in trucks caused by existing technologies. The two companies are developing a long-reach connectivity solution utilizing Valens' VA6000 chipset, enabling high-quality, zero-latency video for safety-critical applications in tractor trailers. This innovation is expected to reduce operating costs and improve the overall safety experience for drivers.
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.