Stoneridge ( (SRI) ) has released a notification of late filing.
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Stoneridge, Inc. has filed a Form 12b-25 to notify investors of a delay in submitting its Form 10-Q (Quarter Report) for the quarter ended March 31, 2026. The late filing concerns the company’s quarterly report to the U.S. Securities and Exchange Commission covering its most recent three-month period.
The primary reason for the delay is the sale of Stoneridge’s Control Devices business on January 30, 2026 to an affiliate of Center Rock Capital Partners. This divestiture triggered complex discontinued-operations accounting requirements under U.S. GAAP.
Management must now separate the Control Devices unit from continuing operations and restate prior-period financials to show the segment as a discontinued operation. This involves recasting comparative statements, calculating the loss on the sale and allocating income taxes between continuing and discontinued operations.
Because of the complexity and the need for accuracy in recasting historical data, Stoneridge says it could not complete the financial close without unreasonable effort or expense by the normal deadline. The company emphasizes it has been working diligently to finalize the quarter’s financial statements.
Stoneridge expects to file the delayed Form 10-Q (Quarter Report) on or before May 16, 2026, which is within the five-calendar-day extension allowed for quarterly reports. Investors should therefore anticipate a short postponement rather than a prolonged delay.
The company indicates that its results of operations for the March 31, 2026 quarter will differ significantly from the same period in 2025. The prior-year quarter included roughly $68.8 million in net sales from the Control Devices segment, which will now be reclassified as discontinued operations.
From continuing operations, which now primarily comprise the Electronics and Stoneridge Brazil segments, Stoneridge expects first-quarter 2026 revenue of about $160.8 million. It projects an operating loss of approximately $9.0 million, compared with revised continuing-operations revenue of $149.1 million and an operating loss of $4.3 million a year earlier.
The company will also record an estimated loss on disposition of the Control Devices business of roughly $9.7 million. This reflects expected net sale proceeds of $59.0 million, subject to standard post-closing adjustments, versus the carrying value of the disposed assets and liabilities as of closing.
Stoneridge reports that as of March 31, 2026, it had about $156.5 million of borrowings outstanding under its Fifth Amended and Restated Credit Agreement. Importantly for creditors and shareholders, the company states it was in compliance with all financial covenants under this credit facility as of that date.
Management notes that all other required periodic reports over the past 12 months have been filed on time, signaling that this delay is a specific consequence of the recent divestiture and related accounting work. Investors should, however, treat the described figures as preliminary and subject to change when the full Form 10-Q (Quarter Report) is filed.
As with all forward-looking information, the company’s expectations around revenue, losses, and the sale-related impacts may shift once final accounting adjustments are complete. The forthcoming filing will provide more detailed financial data and risk disclosures for market participants.
The notification is signed on behalf of Stoneridge by Interim Chief Financial Officer and Treasurer Robert J. Hartman, Jr., dated May 11, 2026. This underscores the company’s formal commitment to regulatory compliance while it completes the necessary accounting work tied to the divestiture.
The most recent analyst rating on (SRI) stock is a Hold with a $5.76 price target. To see the full list of analyst forecasts on Stoneridge stock, see the SRI Stock Forecast page.
Spark’s Take on SRI Stock
According to Spark, TipRanks’ AI Analyst, SRI is a Neutral.
The score is held back primarily by weak and volatile financial performance (sharp revenue/profitability deterioration and large net losses) despite improved leverage and positive recent cash flow. Technical indicators are supportive, and the latest guidance highlights strong MirrorEye-driven growth potential, but near-term profitability pressure and a negative P/E constrain the overall rating.
To see Spark’s full report on SRI stock, click here.
More about Stoneridge
Average Trading Volume: 233,273
Technical Sentiment Signal: Hold
Current Market Cap: $215.7M
For an in-depth examination of SRI stock, go to TipRanks’ Overview page.