SRI
Stoneridge, Inc.6.00
+0.16+2.74%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
168.10MP/E (TTM)
-Basic EPS (TTM)
-1.15Dividend Yield
0%Recent Filings
8-K
8-K
Stoneridge updates Kased's exec protections
Stoneridge entered a double-trigger change-in-control agreement with Rajaey Kased, President of its Control Devices division, effective August 13, 2025, offering up to two times his base salary and target incentives if a control change—like a division sale before year-end—precedes his termination without cause. A separate letter agreement promises him a $84,204 transaction bonus upon such a sale, contingent on continued service and a release. This bolsters retention amid potential divestiture. No gross-up for excise taxes.
10-Q
Q2 FY2025 results
Stoneridge's Q2 net sales dipped 3.8% y/y to $228M, driven by softer North American automotive and commercial vehicle volumes, yet Stoneridge Brazil surged 27.6% on OEM gains while Electronics held steady with MirrorEye ramps offsetting declines. Gross margin slipped to 21.5% from 22.7%, reflecting sales mix shifts and higher material costs, yielding an operating loss of $2.6M versus $3.4M income last year; net loss hit $9.4M or $(0.34) per share, widened by $3.4M foreign currency hits and interest, though taxes stayed low at 2.7% effective rate. Cash from operations climbed to $21.6M YTD, funding $9.4M FCF after capex, but repayments trimmed cash to $49.8M against $164.4M revolver debt at 6.35% maturing 2026—covenant relief eases near-term pressure. Business realignment trimmed $4.5M in costs YTD, bolstering efficiency. Tariffs loom as a wildcard, potentially hiking import costs amid trade tensions.
8-K
Stoneridge Q2 results and awards
Stoneridge reported Q2 2025 sales of $228 million, down from last year but up 4.6% sequentially, with MirrorEye hitting a sales record via 21% growth. The company snagged $775 million in lifetime awards, including a record $535 million global MirrorEye extension through 2033, yet posted an adjusted EBITDA of $4.6 million amid $3.4 million FX hits. It's reviewing strategic alternatives for Control Devices, eyeing a sale to sharpen focus on high-tech electronics. Guidance holds sales at $860-$890 million but trims EBITDA to $34-$38 million. MirrorEye ramps fast.
8-K
Shareholders approve incentive plan
Stoneridge shareholders approved the 2025 Long-Term Incentive Plan at the May 13 annual meeting, authorizing 726,000 common shares for executive incentives. All seven board nominees secured election amid mixed support, while Ernst & Young ratification passed overwhelmingly. Say-on-pay drew 17 million for votes, signaling alignment. This bolsters retention tools amid steady governance.
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