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Stoneridge (SRI) 2025 Conference Transcript
2025-06-12 20:10
Stoneridge (SRI) 2025 Conference Summary Company Overview - Stoneridge is a leading global supplier of electronic systems and technologies focused on safety, efficiency, and vehicle intelligence in the automotive and commercial vehicle sectors [1][2][4] Core Industry Trends - The company aligns its product strategy with megatrends in the industry, emphasizing driveline agnostic technologies that can be applied across various vehicle types, including internal combustion, hybrid, and electric vehicles [4][5][6] Product Segments 1. **Control Devices** - Represents approximately 1% of total revenue, focusing on passenger vehicle applications, particularly SUVs and pickup trucks [7][8] - Transitioned to agnostic products over the past five years, ensuring readiness for regulatory changes [8][9] - Key products include electromechanical actuators, temperature sensors, and control valves, with 90% of products being driveline agnostic [15][16] 2. **Electronics** - Comprises about 60% of total revenue, targeting commercial vehicles, off-highway, and bus markets [9][10] - Products include driver information systems, driver assistance systems, and control modules [11][12] - Significant growth in digital driver information systems and vision systems, particularly with partnerships in the industrial sector [27][28] 3. **Stoneridge Brazil** - Transitioning from an aftermarket focus to an OEM business model, with a 60% increase in OE business quarter-over-quarter [13][14][25] Key Innovations - **MirrorEye System** - A camera mirror system that replaces traditional mirrors, improving fuel economy by 2-3% and enhancing safety by eliminating blind spots [34][35] - Expected revenue of $120 million in 2025, with projections to grow to $300 million by 2029 [42][43] - Strong market adoption, with a 40% take rate in existing programs and significant interest from major truck manufacturers [44][45][46] - **Connected Trailer Technology** - Allows for retrofitting existing trailers with advanced camera and sensor systems without additional wiring, enhancing operational efficiency [51][52] Financial Performance - The company has seen strong revenue growth and margin improvement, outperforming underlying end markets [55][56] - A reduction in inventory by $28 million year-over-year has contributed to improved cash performance [57] Future Outlook - Stoneridge is well-positioned to capitalize on the rise of autonomous vehicles, viewing it as an opportunity rather than a threat [60] - The company is focused on expanding its technology offerings and maintaining strong relationships with customers to navigate potential tariff impacts [58][59] Conclusion - Stoneridge's strategic focus on innovation, diversification, and alignment with industry megatrends positions it for continued growth and profitability in the evolving automotive landscape [58][59]
Stoneridge: A Great Opportunity For Strong Upside
Seeking Alpha· 2025-06-02 10:18
As a value investor, I'm always looking for new and interesting opportunities to dive into. This sometimes leads me to find very small companies to analyze. One such firm that is worth mentioning is Stoneridge (NYSE:Crude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of ...
Sparton Announces Closing of Sale of a 25 Per Cent Interest in Bruell Gold Project Claims, Quebec
Globenewswire· 2025-05-30 11:30
TORONTO, May 30, 2025 (GLOBE NEWSWIRE) -- Sparton Resources Inc. (SRI: TSX-V) (the “Company”) is pleased to announce that the Company and Eldorado Gold Corporation (“Eldorado”) have closed an agreement, effective May 29, 2025, whereunder Eldorado acquired the Company’s remaining 25% interest in the Bruell Gold Project 51 claim property in Vauquelin township, Quebec. (The Company and Eldorado are referred to jointly herein as “the Parties”.) All dollar figures stated are in Canadian Dollars. The Option Agree ...
Stoneridge Launches Next-Generation SE5000 Smart 2 Tachograph For European Commercial Vehicles
Prnewswire· 2025-05-07 12:00
The new tachograph meets the current EU Mobility Package I requirements, a set of regulations introduced in July 2020 to improve road safety, prevent driver fatigue, and ensure fair competition in international transport. Key milestones include the requirement for new vehicles to be fitted with second-generation smart tachographs from August 21, 2023, and the mandatory retrofit of this advanced tachographs in vehicles involved in international transport by August 19, 2025. In addition, SE5000 Smart 2 with O ...
Stoneridge(SRI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 14:02
Stoneridge (SRI) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Company Participants Kelly Harvey - Director of Investor RelationsJames Zizelman - President & Chief Executive OfficerMatthew Horvath - CFO & TreasurerDaniel Imbro - Managing Director Conference Call Participants Gary Prestopino - Vice President & Senior Research Analyst Kelly Harvey Good morning, everyone, and thank you for joining us to discuss our first quarter twenty twenty five results. The release and accompanying presentation was filed w ...
Stoneridge(SRI) - 2025 Q1 - Earnings Call Transcript
2025-05-01 13:00
Stoneridge (SRI) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 Good morning, everyone, and thank you for joining us to discuss our first quarter twenty twenty five results. The release and accompanying presentation was filed with the SEC and is posted on our website at stoneridge.com in the Investors section under Presentations and Events. Joining me on today's call are Jim Ziezelman, our President and Chief Executive Officer and Matt Horvath, our Chief Financial Officer. During today's call, we w ...
Stoneridge(SRI) - 2025 Q1 - Earnings Call Presentation
2025-04-30 21:42
May 1, 2025 stoneridge.com © 2025 Non-GAAP Financial Measures This presentation contains information about the Company's financial results that is not presented in accordance with accounting principles generally accepted in the United States ("GAAP"). Such non-GAAP financial measures are reconciled to their closest GAAP financial measures at the end of this presentation. The provision of these non-GAAP financial measures for 2025 and 2024 is not intended to indicate that Stoneridge is explicitly or implicit ...
Stoneridge(SRI) - 2025 Q1 - Quarterly Report
2025-04-30 21:22
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or For the quarter ended March 31, 2025 o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-13337 STONERIDGE, INC (Exact name of registrant as specified in its charter) Ohio 34-1598949 (State or other jurisdiction of incorporation or organization) (I.R.S. ...
Stoneridge(SRI) - 2025 Q1 - Quarterly Results
2025-04-30 21:20
Exhibit 99.1 FOR IMMEDIATE RELEASE Stoneridge Reports First Quarter 2025 Results Strong Quarter-to-Quarter Margin Progression MirrorEye® and SMART 2 Tachograph Set Quarterly Sales Records Maintaining Previously Provided Full-Year 2025 Guidance 2025 First Quarter Results 2025 Full-Year Guidance • Maintaining previously provided full-year 2025 guidance ranges NOVI, Mich. – April 30, 2025– Stoneridge, Inc. (NYSE: SRI) today announced financial results for the first quarter ended March 31, 2025. The Company ann ...
Stoneridge Reports First Quarter 2025 Results
Prnewswire· 2025-04-30 21:18
Strong Quarter-to-Quarter Margin Progression MirrorEye® and SMART 2 Tachograph Set Quarterly Sales RecordsMaintaining Previously Provided Full-Year 2025 Guidance 2025 First Quarter Results Sales of $217.9 million Gross profit of $46.3 million (21.2% of sales) Adjusted gross profit of $47.7 million (21.9% of sales) Operating loss of $(3.2) million ((1.5)% of sales) Adjusted operating loss of $(0.4) million ((0.2)% of sales) Net loss of $(7.2) million ((3.3)% of sales) Adjusted net loss of $(5.1) million ((2. ...