Stoneridge ( (SRI) ) has released its Q4 earnings. Here is a breakdown of the information Stoneridge presented to its investors.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of electronic systems and technologies for the transportation sector, focusing on vehicle intelligence and safety solutions.
Stoneridge reported its financial results for the fourth quarter and full-year 2024, highlighting a significant improvement in net cash provided by operating activities, driven by a reduction in inventory. The company also set revenue and EBITDA guidance for 2025 and targets for 2026.
In the fourth quarter of 2024, Stoneridge recorded sales of $218.2 million with a gross profit of $42.7 million, but faced an operating loss of $4.4 million and a net loss of $6.1 million. For the full year, sales were $908.3 million, with an adjusted EBITDA of $37.9 million. The company managed to improve its cash flow significantly, achieving a $36 million reduction in inventory.
Looking ahead, Stoneridge has established a midpoint revenue guidance of $875 million and an EBITDA guidance of $40 million for 2025, with expectations of strong growth in its MirrorEye product line. The company is targeting at least $975 million in revenue and $70 million in EBITDA by 2026, focusing on cost improvements and quality enhancements.
Stoneridge’s management remains focused on improving operational efficiency and managing costs, while also monitoring potential impacts from tariffs and macroeconomic changes. The company aims to continue leveraging its advanced technologies to drive long-term growth and shareholder value.