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Stoneridge (SRI)
:SRI
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.17Last Year’s EPS
-0.22Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 24.52%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced outlook with significant achievements in product growth and cost management, offset by challenges in specific segments and unexpected quality and engineering costs.Company Guidance
In the Stoneridge, Inc. Fourth Quarter 2024 Results Conference Call, the company provided guidance that indicated a strategic focus on growth and operational efficiency. Stoneridge expects 2025 revenue to be in the range of $860 million to $890 million, driven by strong growth in its MirrorEye product, anticipated to generate approximately $120 million, a 75% increase from 2024. The company aims to improve its gross margin by 135 basis points to a midpoint of 22.25%, and expects operating income to rise by 70 basis points to a midpoint of 1%, with an EBITDA margin projected at approximately 4.6%. Stoneridge also targets free cash flow of $25 million to $30 million in 2025, supported by continued inventory and working capital improvements. Looking further ahead to 2026, the company forecasts revenue of at least $975 million, reflecting an 11% growth, and an EBITDA of at least $70 million, signaling a continued emphasis on expanding market share and enhancing shareholder value through operational improvements and strategic product launches.Outperformance in Challenging Markets
Stoneridge outperformed its weighted average end markets by 490 basis points, despite a 10.4% decline in OEM end markets.
Growth of Key Products
MirrorEye revenue increased by 22% year over year, and Smart 2 Tachograph sales almost doubled relative to 2023, resulting in $60 million in revenue.
Cash Flow Improvement
Positive free cash flow of approximately $24 million was achieved, an increase of $56 million versus the prior year, driven by a $36 million inventory reduction.
Material and Labor Cost Reduction
Material costs were reduced by 120 basis points, and direct labor costs improved by 30 basis points, effectively a 7% improvement year over year.
Future Growth Projections
Stoneridge projects significant revenue growth for MirrorEye, expecting to reach $120 million in 2025 and further aiming for $300 million annually by 2029.
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SRI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SRI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $4.20 | $5.07 | +20.71% |
| Oct 30, 2024 | $9.28 | $6.99 | -24.68% |
| Jul 31, 2024 | $16.81 | $17.85 | +6.19% |
| May 01, 2024 | $14.96 | $14.80 | -1.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stoneridge (SRI) report earnings?
Stoneridge (SRI) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Stoneridge (SRI) earnings time?
Stoneridge (SRI) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SRI EPS forecast?
SRI EPS forecast for the fiscal quarter 2025 (Q1) is -0.17.
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