Stoneridge, Inc., together with its subsidiaries, designs and manufactures engineered electrical and electronic components, modules, and systems for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates in three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, camera-based vision systems, connectivity, and compliance products. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment's electronic control units regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories; in-vehicle audio and infotainment devices; and telematics solutions. It provides its products and systems to various original equipment manufacturers and Tier 1 customers, as well as aftermarket distributors and mass merchandisers for use in various vehicle platforms. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.
IPO Year: 1997
Exchange: NYSE
Website: stoneridge.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/3/2023 | Mkt Perform → Outperform | Barrington Research | |
| 10/13/2021 | Outperform → Mkt Perform | Barrington Research |
4 - STONERIDGE INC (0001043337) (Issuer)
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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
NOVI, Mich., Nov. 12, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Stephens Annual Investment Conference. The event will feature a fireside chat at 2:00 p.m. ET (1:00 p.m. CT) on Tuesday, November 19, 2024, in Nashville, Tennessee. Details on how to join the presentation via webcast will be posted to the "Presentations & Events" section of the Company's website (www.stoneridge.com) prior to the presentation. In addition to the presen
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. 28, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced the availability of its next MirrorEye® Camera Monitor System program on Daimler Truck North America's (DTNA) new fifth generation Freightliner Cascadia, which begins series production in mid-2025. The MirrorCam System, DTNA's branded camera monitor system is built on Stoneridge's industry-leading MirrorEye technology and is designed to enhance driver awareness by augmenting traditional mirrors with external cameras and in-cab digital monitors to offer a broader field of view, reduce blind spots, and improve both side and rearward visibility.
NOVI, Mich., Oct. 22, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced that DB Schenker, a global leader in supply chain management and logistics, is piloting its MirrorEye® Camera Monitor System (CMS) on its North American fleet. The initial pilot program is underway and includes 75 trucks. Assuming a successful pilot program, DB Schenker intends to expand the implementation of MirrorEye across its entire North American fleet. MirrorEye, the industry's leading CMS, replaces traditional mirrors with integrated cameras and monitors, enabling greater safety by r
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
NOVI, Mich., Sept. 4, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the CL King's 22nd Annual Best Ideas Conference with a fireside chat at 2:45 p.m. ET on Monday, September 16, 2024. Details on how to join the presentation via webcast will be posted to the "Presentations & Events" section of the Company's website (www.stoneridge.com) prior to the presentation. About Stoneridge, Inc.Stoneridge, Inc., headquartered in Novi, Michigan, is a
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 30, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the J.P. Morgan Auto Conference in New York City, with a presentation scheduled for 9:35 a.m. ET on Wednesday, August 7, 2024. Details for joining the presentation via live webcast can be found at https://www.stoneridge.com/presentations-events prior to the event. About Stoneridge, Inc.Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer
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
NOVI, Mich., June 5, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE:SRI) today announced that Jim Zizelman, president and chief executive officer, and Matt Horvath, chief financial officer, will participate in the Deutsche Bank Global Auto Industry Conference with a presentation at 1:55 p.m. ET on Tuesday, June 11, 2024. Details on how to join the presentation via webcast will be posted to the "Investors/Presentations & Events" section of the Company's website (www.stoneridge.com) prior to the presentation. About Stoneridge, Inc.Stoneridge, Inc., headquartered in Novi, Michigan,
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
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Stephens & Co. analyst Justin Long initiates coverage on Stoneridge (NYSE:SRI) with a Overweight rating.
Stoneridge (NYSE:SRI) reported quarterly losses of $(0.09) per share which missed the analyst consensus estimate of $(0.04) by 125 percent. This is a 64 percent increase over losses of $(0.25) per share from the same period last year. The company reported quarterly sales of $239.16 million which beat the analyst consensus estimate of $222.99 million by 7.25 percent. This is a 0.90 percent decrease over sales of $241.32 million the same period last year.
The company provides gross margin guidance of 22.0% to 22.75%, operating margin guidance of 2.75% to 3.25%, and EBITDA guidance of $64 million to $70 million, or 6.5% to 6.9% of sales.
Stoneridge (NYSE:SRI) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.10 by 20 percent. The company reported quarterly sales of $229.50 million which missed the analyst consensus estimate of $233.10 million by 1.54 percent. This is a 0.74 percent decrease over sales of $231.20 million the same period last year.
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Stoneridge (NYSE:SRI) is set to give its latest quarterly earnings report on Wednesday, 2024-02-28. Here's what investors need to know before the announcement. Analysts estimate that Stoneridge will report an earnings per share (EPS) of $0.10. Stoneridge bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.12, which was followed by a 2.6% increase in the share price th