Stoneridge ( (SRI) ) has released its Q1 earnings. Here is a breakdown of the information Stoneridge presented to its investors.
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Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of electronic systems and technologies for the transportation sector, focusing on vehicle intelligence, safety, and security. In its first quarter of 2025, Stoneridge reported sales of $217.9 million, with a gross profit of $46.3 million, representing 21.2% of sales. The company faced an operating loss of $3.2 million and a net loss of $7.2 million, though it achieved a positive adjusted EBITDA of $7.6 million. Key highlights include record sales for its MirrorEye and SMART 2 Tachograph products, as well as significant margin improvements driven by material cost reductions and lower quality-related costs. Despite challenges, Stoneridge maintained its full-year 2025 guidance, projecting sales between $860 million and $890 million, and adjusted EBITDA between $38 million and $42 million. Looking ahead, Stoneridge remains focused on operational excellence and cost management to navigate potential market volatility and tariff uncertainties, aiming to enhance shareholder value through its advanced technology portfolio.