Barrington Research upgraded Stoneridge from Mkt Perform to Outperform

Barrington Research downgraded Stoneridge from Outperform to Mkt Perform

Barrington Research upgraded Stoneridge from Mkt Perform to Outperform and set a new price target of $45.00

CL King downgraded Stoneridge from Buy to Neutral

MirrorEye Becomes Standard Equipment on Several European Truck Platforms MirrorEye OEM Programs to Launch with Daimler Truck North America and a European Brand Year-to-Date Cash Performance Improved $31.3 million vs. Same Period in 2023 2024 Third Quarter Results Sales of $213.8 millionGross profit of $44.5 million Adjusted gross profit of $44.6 million (20.9% of sales)Operating income of $0.3 million Adjusted operating income of $0.7 million (0.3% of sales)Adjusted EBITDA of $9.2 million (4.3% of sales) Adjusted EBITDA was unfavorably impacted by $2.6 million related to operating FX and non-operating expenses vs. prior expectationsIncome tax expense of $3.4 millionAdjusted income tax expen

NOVI, Mich., Oct. 17, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) will webcast its third quarter 2024 earnings conference call live on Thursday, October 31, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath. The webcast can be accessed on the Presentations & Events page of the Investors section of the Company's website, www.stoneridge.com.  Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and mod

Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion 2024 Second Quarter Results Sales of $237.1 millionGross profit of $53.7 million (22.7% of sales)Operating income of $3.4 million Adjusted operating income of $5.4 million (2.3% of sales)Adjusted EBITDA of $16.1 million (6.8% of sales)Earnings per share ("EPS") of $0.10Adjusted EPS of $0.17 2024 Full-Year Guidance Update Reducing full-year 2024 revenue midpoint guidance by $45 million to reflect updated FX rates (~$12 million impact), updated OEM production volumes (~$18 million impact) and potential volatility in non-OEM and customer demand-based products (~$15 million impac

NOVI, Mich., July 18, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) will webcast its second quarter 2024 earnings conference call live on Thursday, August 1, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath. The webcast can be accessed on the Presentations & Events page of the Investors section of the Company's website, www.stoneridge.com.  Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and modu

Maintains Previously Provided Full-Year 2024 Guidance Driven by Sales Growth and Operating Performance for the Remainder of the Year NOVI, Mich., May 1, 2024 /PRNewswire/ -- 2024 First Quarter Results Sales of $239.2 millionGross profit of $48.4 million (20.2% of sales)Operating income of $0.3 million (0.1% of sales)Q1 operating income unfavorably impacted by incremental warranty-related expenses of ~$2.0 millionEBITDA of $6.6 million (2.8% of sales)Q1 EBITDA includes unfavorable impact of non-operating FX and equity interest expenses of ~$2.3 million and incremental warranty-

NOVI, Mich., April 18, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) will webcast its first-quarter 2024 earnings conference call live on Thursday, May 2, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath. The webcast can be accessed on the Webcasts & Presentations page of the Investors section of the Company's website, www.stoneridge.com.  Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and modul

Achieves Q4 Sequential EPS Improvement In Line with Prior Expectations Establishes 2024 Midpoint Revenue Guidance of $1 Billion And Midpoint EBITDA of $67 Million (Midpoint EBITDA Margin Expansion Of 170 Basis Points vs. 2023) Maintains 2027 Long-Term Target and Establishes 2028 Revenue Target of $1.35 - $1.55 Billion and EBITDA Margin Target of 12.0% - 14.0% NOVI, Mich., Feb. 28, 2024 /PRNewswire/ --  2023 Fourth Quarter Results Sales of $229.5 millionAdjusted sales of $229.4 millionGross profit of $45.5 million Adjusted gross profit of $45.7 million (19.9% of adjusted sales)

NOVI, Mich., Feb. 15, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) will webcast its fourth-quarter 2023 earnings conference call live on Thursday, February 29, 2024, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath.  The webcast can be accessed on the Webcasts & Presentations page of the Investors section of the Company's website, www.stoneridge.com.  Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components an

NOVI, Mich., Aug. 2, 2023 /PRNewswire/ -- ADVANCING STRATEGIC PRIORITIES WHILE DELIVERING 10%+ QUARTER TO QUARTER SALES GROWTH AND 400+ BASIS POINT GROSS MARGIN EXPANSION  GUIDING TO THE HIGH END OF PREVIOUSLY PROVIDED ADJUSTED SALES, ADJUSTED GROSS MARGIN AND ADJUSTED OPERATING MARGIN RANGES 2023 Second Quarter Results Sales of $266.8 millionAdjusted sales of $262.4 millionGross profit of $60.5 millionAdjusted gross profit of $60.9 million (23.2% of adjusted sales)Operating income of $4.3 million Adjusted operating income of $6.2 million (2.4% of adjusted sales)Adjusted EBITD

NOVI, Mich., July 20, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) will webcast its second-quarter 2023 earnings conference call live on Thursday, August 3, 2023, at 9:00 a.m. ET with president and chief executive officer, Jim Zizelman, and chief financial officer, Matt Horvath. The webcast can be accessed on the Webcasts & Presentations page of the Investors section of the Company's website, www.stoneridge.com.  Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components and mo

NOVI, Mich., May 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, has announced the appointment of Natalia Noblet as president of its Electronics Division, effective September 1, 2024. Noblet succeeds Peter Österberg, who, by mutual agreement, is leaving the company to pursue other opportunities. Noblet will be responsible for leading financial performance, product development, business strategy and technical vision for Stoneridge's Electronics Division, the company's large

NOVI, Mich., March 14, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced the appointment of Troy Cooprider to the position of chief technology officer. Cooprider will set the company's strategic technology and product roadmaps and support future innovation and growth through oversight of the global engineering function. "We have a clear strategy for the future, and with Troy's proven track record in bringing advanced technologies to market, we will continue to redefine the standards of safe and efficient mobility," said Jim Zizelman, president and CEO, Stoneridg

RICHMOND, Va., April 24, 2023 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, today announced that Laurent Borne will join the company as executive vice president and chief experience officer, effective May 15. Borne, who has proven expertise in global product development and management, will lead global marketing efforts and have responsibility for the company's expanding digital retail solutions business. He will join the executive leadership team and report to president and chief executive officer Mark Eubanks. "We are laser-focused on providing a superior customer exper

Jon DeGaynor to Resign as President & Chief Executive Officer NOVI, Mich., Jan. 31, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI), today announced the appointment of Jim Zizelman as president and chief executive officer and member of the Stoneridge Board of Directors, effective immediately. Stoneridge's current president and chief executive officer, Jon DeGaynor, has elected to resign from the Company and the Company's Board of Directors for personal reasons. Bill Lasky, chairman of Stoneridge's Board of Directors commented, "Jim joined Stoneridge in 2020 as president of t

NOVI, Mich., July 5, 2022 /PRNewswire/ -- Stoneridge Inc. (NYSE:SRI), a global designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced that Salvatore (Sal) Orsini has been named chief procurement officer effective July 5, 2022. In this new role, Orsini will have responsibility for all aspects of the company's global procurement organization, including purchasing, supplier quality and global supply chain strategy.  "As Stoneridge continues to grow in each of our segments and across the world, a sustainable and resilient supply c

NOVI, Mich., Sept. 1, 2021 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI), a leading designer and manufacturer of highly engineered electrical and electronic vehicle systems, today announced that Matthew Horvath has been appointed as the Company's Chief Financial Officer and Treasurer effective immediately. Mr. Horvath replaces Robert Krakowiak, who voluntarily resigned from the Company effective August 31, 2021, to pursue other opportunities.  "Since joining Stoneridge five years ago, Matt has played an integral role in shaping our transformation. During his tenure, he has supp

NOVI, Mich., Feb. 24, 2021 /PRNewswire/ -- Stoneridge Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the automotive, commercial vehicle and, off-highway industries, today announced that Frank S. Sklarsky has been appointed to its board of directors, filling a newly created vacancy that increases the number of directors to nine. Sklarsky most recently served as executive vice president and chief financial officer of PPG Industries, one of the world's leading paint and coatings company from 2013 until his retirement in 2017. Stoneridge, Inc. fills a new vacancy on its board of directors with the appointment of Frank S. Sklarsky