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Stoneridge Q2 2023 Earnings Report

Stoneridge logo
$5.69 -0.06 (-1.04%)
(As of 12/20/2024 05:16 PM ET)

Stoneridge EPS Results

Actual EPS
-$0.11
Consensus EPS
-$0.11
Beat/Miss
Met Expectations
One Year Ago EPS
-$0.29

Stoneridge Revenue Results

Actual Revenue
$266.81 million
Expected Revenue
$242.13 million
Beat/Miss
Beat by +$24.68 million
YoY Revenue Growth
+20.80%

Stoneridge Announcement Details

Quarter
Q2 2023
Time
After Market Closes

Conference Call Resources

Conference Call Audio

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Stoneridge Earnings Headlines

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About Stoneridge

Stoneridge (NYSE:SRI), together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil. The Control Devices segment offers actuators, sensors, switches, actuators, and connectors that monitor, measure, or activate specific functions within a vehicle. The Electronics segment designs and manufactures driver information systems, vision and safety systems, connectivity and compliance products, and electronic control units. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment also offers electronic control units that regulate, coordinate, monitor, and direct the operation of the electrical system within a vehicle. The Stoneridge Brazil segment designs, manufactures, and sells vehicle tracking devices and monitoring services; vehicle security alarms and convenience accessories, including parking sensors and rearview cameras; in-vehicle audio and infotainment devices; and driver information systems and telematics solutions. The company provides its products and systems to various original equipment manufacturers and tier 1 customers, as well as aftermarket distributors. Stoneridge, Inc. was founded in 1965 and is headquartered in Novi, Michigan.

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