Stoneridge (SRI) Stock

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.

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 million Gross 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.

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.

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.

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.

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.

Stoneridge, Inc. (NYSE:SRI ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Kelly Harvey - Director, Investor Relations Jim Zizelman - President and CEO Matt Horvath - Chief Financial Officer Troy Cooprider - Chief Technology Officer Conference Call Participants Collin Nieman - Stephens Gary Prestopino - Barrington Research Operator Welcome to the Stoneridge, Inc., Second Quarter 2024 Results Conference Call. At this time, all participants are in a listen-only mode.

Q2 Operating Performance Significantly Outperforms Previously Provided Expectations Driven by Strong Margin Expansion 2024 Second Quarter Results Sales of $237.1 million Gross 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 $0.10 Adjusted 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 impact) Revenue guidance of $940 million - $970 million (midpoint of $955 million) Increasing gross margin midpoint guidance by 50 basis points to reflect continued material cost improvement and operational excellence Gross margin guidance of 22.75% - 23.0% Reducing adjusted operating margin and EBITDA margin expectations to reflect lower contribution from reduced revenue expectations, offset by improved gross margin performance and continued operating cost control Adjusted operating margin guidance of ~2.75% Adjusted EBITDA guidance of $58 million - $64 million (adjusted EBITDA margin of 6.2% - 6.6% ) Adjusted EPS guidance of $0.18 - $0.28 (midpoint of $0.23) NOVI, Mich. , July 31, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced financial results for the second quarter ended June 30, 2024, with sales of $237.1 million and earnings per share of $0.10.

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.