Record MirrorEye Sales and Program Awards
Stoneridge set a record for MirrorEye sales with 21% growth relative to Q1 2025 and announced their largest ever program award in the company's history, extending a global MirrorEye program through 2033, with an estimated lifetime revenue of $535 million.
Significant New Business Awards
Stoneridge announced new program awards for next-generation tachograph, SMART2, and electronic control units, totaling approximately $775 million in lifetime revenue. Stoneridge Brazil was also awarded a significant infotainment system program estimated to generate $85 million in lifetime revenue.
Financial Improvements and Debt Reduction
The company reported a $7.6 million increase in free cash flow and reduced total debt by $38.8 million during the quarter, with a net debt reduction of almost $20 million.
Expansion in North American OEM Market
MirrorEye is now available from every North American OEM, with new large fleet orders expected, indicating future growth potential.