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Stoneridge, Inc. Announces First Quarter Earnings Call

Announcement of Stoneridge earnings conference call

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News Summary

Stoneridge, Inc. is set to host its first quarter earnings conference call on May 1, 2025, live from Novi, Michigan. The call will feature insights from the CEO and CFO, discussing the company’s performance and future plans. In 2024, Stoneridge reported significant cash flow and aims for ambitious revenue guidance in 2025. This event is a must-attend for investors and transportation enthusiasts eager to gain insights into Stoneridge’s strategic direction.

Novi, Michigan Shines a Spotlight on Stoneridge, Inc. with Exciting Earnings Call Announcement

Mark your calendars, folks! On Thursday, May 1, 2025, at 9:00 a.m. ET, Stoneridge, Inc. is ready to kick off its first quarter earnings conference call, and guess what? It’s going to be live! This virtual event will come right from the heart of Novi, Michigan, where Stoneridge is headquartered.

Stoneridge is known for being a big player in the electronic systems game, particularly for on- and off-highway transportation. They focus on making our roads safer and our travels more efficient. During this upcoming call, attendees will hear from the company’s president and CEO, alongside the chief financial officer. We can expect a solid overview of the company’s performance, and a deep dive into their plans for the future.

Accessing the Call

Want to tune in? It’s pretty straightforward! You’ll be able to find the link to the live webcast on the Presentations & Events page located in the Investors section of the Stoneridge website at www.stoneridge.com. Just hop online, get comfy, and you’ll be in for the latest updates from this cutting-edge company.

Looking Back at 2024: The Numbers Tell a Story

Now, before we get into what’s next for Stoneridge, let’s take a moment to reflect on what happened last year. Stoneridge reported a net cash provided by operating activities of a whopping $47.7 million in 2024, which is no small feat! This marked a significant leap forward compared to previous years. Can you say “improvement”? The company also showed an outstanding year-over-year improvement of $43 million, largely attributed to a hefty $36 million reduction in inventory. Talk about tightening the belt.

However, it wasn’t all sunshine and roses. The fourth quarter results indicated a sales figure of $218.2 million with a gross profit of $42.7 million. Unfortunately, Stoneridge saw a net loss of $6.1 million during that quarter, contributing to an overall net loss for 2024 totaling $16.5 million. They also recorded an adjusted net loss of $13.1 million. It’s been a journey, for sure, but they’re determined to bounce back!

What’s on the Horizon for 2025 and Beyond?

Now, cast your eyes towards the future! Stoneridge has set ambitious revenue guidance for 2025 at a midpoint of $875 million with EBITDA guidance set at $40 million. Not resting on their laurels, they are already eyeing 2026, with a bold target of at least $975 million in revenue and an EBITDA number of at least $70 million. That’s some hefty goal-setting!

Of course, reaching these numbers won’t be easy, but Stoneridge has plans to improve operational efficiency through diligent cost-control measures. They are actively monitoring potential tariff impacts on their supply chain and focusing on enhancing quality, managing material costs, and reducing their overall cost structure as they move through 2025.

Looking Ahead

The May 1 conference call is soon approaching, and both investors and transportation enthusiasts alike will be eager to hear the latest. With the live webcast offering direct access to the insights and plans of a leading authority in electronic systems, it’s an event that shouldn’t be missed.

So, get ready, Stoneridge fans, and stay tuned for what’s sure to be an informative and exciting call as we step into a new chapter for Stoneridge, Inc. from right here in charming Novi, Michigan!