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. DB Schenker is piloting Stoneridge’s MirrorEye® Camera Monitor ...

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 ...

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 S ...

TORONTO, Aug. 21, 2024 /PRNewswire/ - Manulife Investment Management (Manulife IM), the world's largest manager of natural capital with over $16 billion in assets under management in timberland and agriculture1, has recently released three reports detailing how it incorporates financially material climate- and nature-related investment considerations into its asset management and portfolio construction capabilities. Interested market participants can use the insights from Manulife IM's Natural Capital Susta ...

Financial Performance - Q2 2024 sales were $237.1 million[6] - Q2 2024 gross profit was $53.7 million, with a margin of 22.7%[6] - Q2 2024 operating income was $3.4 million, with a margin of 1.4%, while adjusted operating income was $5.4 million, with a margin of 2.3%[6] - Q2 2024 adjusted EPS was $0.17, a $0.39 improvement compared to Q1 2024[8] - Q2 2024 adjusted EBITDA was $16.1 million, with a margin of 6.8%, a ~410 bps improvement compared to Q1 2024[6, 8] Segment Performance - Control Devices sales increased by 3.7% from Q1 2024 to Q2 2024, reaching $80.9 million[20] - Control Devices operating margin increased by 180 bps from Q1 2024 to Q2 2024[20] - Electronics Q2 sales were approximately in-line with Q1 2024, excluding a ~$2.2 million unfavorable impact from foreign currency[21] - Electronics adjusted operating margin increased by ~310 bps from Q1 2024 to Q2 2024[21] - Stoneridge Brazil sales slightly improved compared to Q1 2024, excluding an unfavorable FX impact of ~$0.6 million[22] Guidance and Priorities - Full-year 2024 revenue guidance was updated to $940.0 million - $970.0 million, a reduction of $45.0 million at the midpoint[26, 27] - Full-year gross margin guidance was increased by 50 bps to 22.75% - 23.0%[26, 27] - Full-year adjusted EBITDA margin guidance is 6.2% - 6.6%[26] - Inventory was reduced by $9.0 million in the first half of 2024[18, 28]

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 t ...

Details for joining the presentation via live webcast can be found at https://www.stoneridge.com/presentationsevents prior to the event. SOURCE Stoneridge, Inc. 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. About Stoneridg ...

Company Overview - Stoneridge, Inc. is headquartered in Novi, Michigan and is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for various vehicle markets including automotive, commercial, off-highway, and agricultural vehicles [2]. Upcoming Events - Stoneridge, Inc. will host a live webcast of its second quarter 2024 earnings conference call on August 1, 2024, at 9:00 a.m. ET, featuring president and CEO Jim Zizelman and CFO Matt Horvath [1]. - The webcast will be accessible on the Presentations & Events page of the Investors section of the company's website [1].

About Stoneridge, Inc. SOURCE Stoneridge, Inc. Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com. NOVI, Mich., June 5, 2024 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced that Jim Zizelman, president and chief executive office ...

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. Stoneridge appoints Natalia Noblet as President of Electronics DivisionStoneridge appoints Natalia Noblet as ...