Financial Performance - Q1 2025 sales were $217.9 million[5], relatively in line with Q4 2024[12] - Adjusted gross profit for Q1 2025 was $47.7 million[5], with a margin of 21.9%[5], a 210 bps increase compared to Q4 2024[9] - Adjusted EBITDA for Q1 2025 was $7.6 million[5], representing a margin of 3.5%[5], an 80 bps improvement from Q4 2024[9] - Free cash flow for Q1 2025 was $4.9 million[5], a $1.5 million improvement compared to Q1 2024[9] Segment Results - Control Devices sales increased by 10.6% compared to Q4 2024, reaching $69.9 million in Q1 2025[24] - Electronics division saw MirrorEye revenue increase by approximately 24% compared to Q4 2024[9], setting a quarterly sales record[12] - Stoneridge Brazil OEM sales increased by over 60% compared to Q4 2024[9], reaching $14.4 million in Q1 2025[33] Guidance and Outlook - The company is maintaining its full-year 2025 revenue guidance of $860 million to $890 million[21] - Full-year adjusted gross profit guidance is $189 million to $200 million, with a margin of 220% to 225%[21] - The company anticipates free cash flow between $25 million and $30 million for the full year 2025[21]