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.
Overview
Stoneridge Inc (SRI) is an independent designer and manufacturer of highly engineered electrical and electronic components, modules, and systems. Specializing in advanced automotive electronics and control devices, the company serves multiple markets including automotive, commercial trucks, off-highway, agricultural, and specialty vehicle sectors. Emphasizing precision engineering and innovative technology, Stoneridge integrates cutting-edge solutions that enhance vehicle intelligence, safety, and operational efficiency.
Product Segments and Core Business Areas
Stoneridge operates primarily in two distinct segments:
- Electronics: This segment focuses on vehicle electrical power and distribution systems, electronic instrumentation, and information display products. It includes technologies such as driver information systems, camera-based vision solutions, connectivity products, and electronic control units that help optimize vehicle performance and safety.
- Control Devices: This segment comprises electronic and electrical switch products, control actuation devices, and sensors. These components are critical for precise vehicle control, ensuring seamless operation in diverse vehicular applications.
Technological Innovation and Engineering Excellence
Stoneridge has built a reputation for integrating advanced engineering concepts with practical, real-world applications. The company\s flagship MirrorEye Camera Monitor System exemplifies its commitment to innovation; it replaces traditional mirrors with integrated camera and monitor technology, enabling improved vehicle visibility in all weather and lighting conditions. This innovative approach not only enhances driver situational awareness but also supports enhanced operational efficiency for fleet operations.
Market Position and Competitive Landscape
Positioned in a highly competitive global market, Stoneridge distinguishes itself through its strong engineering expertise and commitment to quality. The company leverages its deep technical know-how to address critical challenges in automotive safety and vehicle management while maintaining a focus on material cost reductions and manufacturing efficiency. Its comprehensive product portfolio and strategic OEM partnerships allow Stoneridge to address evolving market demands and compliance requirements. In doing so, the company not only serves traditional automotive markets but also expands into commercial, agricultural, and off-highway segments.
Global Operations and Customer Focus
Headquartered in Michigan, Stoneridge operates with a global perspective, focusing significant business operations in North America and expanding its influence in key international markets. Its products are widely adopted by original equipment manufacturers (OEMs) and fleet operators worldwide, and the company continuously refines its product offerings to align with emerging technological trends. By working closely with its customers and dealer networks, Stoneridge ensures that its systems deliver sustainable improvements in vehicle performance and safety.
Commitment to Quality and Operational Efficiency
Operational excellence is at the heart of Stoneridge\s business model. The company continuously enhances its manufacturing processes, implements cost control measures, and invests in quality improvements to mitigate historical challenges. These strategic initiatives are designed to optimize its engineering and production capabilities, ensuring that products meet stringent quality standards and offer long-term reliability. The systematic approach to quality and efficiency underscores the company\s commitment to delivering dependable solutions to a diverse range of industries.
Industry Impact and Future Insights
Through its relentless focus on research and development, Stoneridge remains at the forefront of industry trends in automotive electronics and control systems. The company effectively leverages data, software, and artificial intelligence to drive further innovation in vehicle safety systems. While Stoneridge provides detailed insights into its operational practices and product integrations, it maintains an unbiased, factual presentation designed to inform investors and industry analysts. The transparent and comprehensive approach adopted by the company reinforces its reputation as a trusted provider in the highly specialized field of vehicle electronics and control devices.
Stoneridge, Inc. (SRI) reported a third-quarter loss per share of ($0.38) and adjusted EPS of ($0.27), impacted by supply chain challenges and reduced production. Sales reached $181.7 million, with a gross profit of $36.0 million. The company lowered its full-year revenue guidance to $740-$750 million and adjusted EPS to a midpoint of ($0.55). Despite external challenges, Stoneridge emphasized growth momentum in its MirrorEye product channels, indicating ongoing demand in both OEM and retrofit markets. The company also aims for improved margins as supply chains stabilize.
Stoneridge, Inc. (NYSE: SRI) announced today that its CEO, Jon DeGaynor, and CFO, Matt Horvath, will participate in the Gabelli Funds 45th Annual Automotive Symposium.
The fireside chat is scheduled for 2:30 p.m. ET on November 1, 2021. Interested participants can access the webcast details via the Company’s 'Investors/Webcasts & Presentations' section on their website.
Stoneridge, headquartered in Novi, Michigan, is known for designing and manufacturing electronic components and systems for various vehicle markets.
Stoneridge, Inc. (NYSE: SRI) reported preliminary third-quarter results, revealing challenges due to supply chain disruptions resulting from the ongoing pandemic. The company anticipates sales of approximately $180 million, with an expected operating loss of $8.2 to $9.2 million. Adjusted EPS is projected to be between ($0.29) and ($0.23). Production forecasts have declined by about 13% compared to previous estimates, significantly impacting financial outcomes. Stoneridge is implementing cost mitigation strategies and discussing pricing adjustments with customers to navigate these challenges.
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.
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