Stoneridge ( (SRI) ) has issued an update.
Stoneridge, Inc. reported third quarter 2024 financial results with sales of $213.8 million and a gross profit of $44.5 million. Despite facing market challenges, Stoneridge improved cash performance by $31.3 million year-over-year. The company’s strategic initiatives, including the expansion of MirrorEye technology across major truck platforms and new partnerships, aim to drive future growth amid ongoing economic pressures. Stoneridge remains focused on enhancing operational efficiency and growth opportunities in key markets.
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