News Summary
Stoneridge, Inc. announces that its President and CEO, Jim Zizelman, will present at the Deutsche Bank Global Auto Industry Conference. The company, which specializes in electronic systems for vehicle safety, reported sales of $217.9 million in its first quarter. Despite an operating loss, Stoneridge maintains its revenue guidance for the year. The leadership changes within the company come as it aims to enhance its competitiveness in the market and innovate with new technologies. Attendees can access the conference presentation via a webcast.
Novi, Michigan – Stoneridge, Inc. (NYSE: SRI), a global supplier of electronic systems and technologies for enhancing vehicle intelligence and safety, announced today that its President and CEO Jim Zizelman, along with Chief Financial Officer Matt Horvath, will be representing the company at the Deutsche Bank Global Auto Industry Conference. The presentation is scheduled to take place at 3:10 p.m. ET on Thursday, June 12, 2025. Interested parties will be able to access the presentation via a webcast, with details set to be posted in the “Investors/Presentations & Events” section of the company’s website before the event.
Stoneridge, which is headquartered in Novi, specializes in products aimed at both on- and off-highway transportation sectors globally. The company serves the commercial vehicle market with innovative technologies like the SE5000 Smart 2 tachograph. This advanced product is integrated with Open Service Navigation Message Authentication (OSNMA) technology, enhancing security for European commercial vehicles, and utilizes Global Navigation Satellite System (GNSS) technology (Galileo) for precise vehicle positioning.
In its financial report for the first quarter of 2025, Stoneridge reported sales of $217.9 million and a gross profit of $46.3 million, which represents 21.2% of total sales. However, the company also recorded an operating loss of $3.2 million (1.5% of sales). The adjusted net loss for the quarter was $5.1 million, equating to 2.4% of sales, while the adjusted EBITDA stood at $7.6 million, representing 3.5% of sales. Despite these figures, Stoneridge is maintaining its previously stated guidance for the full year of 2025. This guidance includes a midpoint revenue target of $875 million and EBITDA guidance of $40 million.
The company’s financial improvements include a net cash improvement of approximately $43 million year-over-year, primarily due to an inventory reduction of around $36 million. This reflects Stoneridge’s ongoing efforts to streamline operations and improve profitability.
On April 17, 2025, Stoneridge also announced the promotion of Troy Cooprider to Chief Technology Officer. In this new role, Cooprider will oversee the company’s strategic technology and product roadmaps, steering the organization towards continued innovation in the increasingly competitive automotive electronics market.
The leadership structure at Stoneridge has recently undergone changes, highlighted by Jim Zizelman’s promotion to CEO following the resignation of former leader Jon DeGaynor. These changes come at a critical time as the company navigates its current financial landscape while aiming to leverage new technologies to enhance its standing in the global market.
For further information on Stoneridge, Inc. and its upcoming conference participation, the company invites interested individuals to visit its website at www.stoneridge.com, where additional updates and details on future events will be made available.
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