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. (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.
Stoneridge, Inc. (NYSE: SRI) will host a webcast for its third-quarter 2020 earnings conference call on October 29, 2020, at 9:00 a.m. ET. The call will feature president and CEO Jon DeGaynor and CFO Robert Krakowiak. Investors can access the live webcast on the company's website under the Investors section. 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) was awarded the title of 2020 U.S. Best Overall Investor Relations (Small Cap) by IR Magazine on September 16 during a virtual ceremony. This recognition reflects the company's successful transformation and effective communication strategy with analysts and investors. Matt Horvath, Executive Director of Corporate Strategy and Investor Relations, accepted the award. Stoneridge stood out among six finalists in the Best Overall Investor Relations (Small Cap) category after an extensive evaluation process by IR Magazine.
Stoneridge, Inc. (NYSE: SRI) announced participation in the C.L. King's 18th Annual Best Ideas Conference on September 16, 2020, featuring a fireside chat with CEO Jon DeGaynor and CFO Bob Krakowiak at 2:00 p.m. ET. Interested investors can access the webcast details via the Company's website prior to the presentation. Stoneridge specializes in designing and manufacturing advanced electrical and electronic components for various vehicle markets.
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