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. (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.
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.