Stoneridge Stock Price, News & Analysis

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.

Stoneridge, Inc. (NYSE: SRI) announced its participation in the J.P. Morgan 2020 Auto Conference, scheduled for August 11 at 4:20 p.m. ET. CEO Jon DeGaynor and CFO Bob Krakowiak will represent the company. Interested participants can find webcast details on the company's website under the 'Investors/Webcasts & Presentations' section. Stoneridge is a leading designer and manufacturer of electrical components for various vehicle markets, based in Novi, Michigan.

Stoneridge reported its second-quarter 2020 financial results, showing a loss per share (EPS) of ($0.81) and adjusted EPS of ($0.55). Sales totaled $99.5 million, with gross profit at $13.3 million, down 11.2% from Q1. Operating loss was ($26.8) million, and adjusted operating loss was ($19.1) million, representing 19.2% of sales. Despite the challenges posed by COVID-19, the company expects Q3 revenue to align with June's $51.5 million, and forecasts a 16% increase in 2021 OEM production levels. Cash and cash equivalents stood at $72.4 million, with total debt at $166.0 million.