Stoneridge shares surge 15.20% after-hours after completing $59M sale of Control Devices segment to refocus on core electronics and Brazil operations.

Stoneridge (NYSE:SRI) surged 15.20% in after-hours trading following the announcement that it completed the $59 million sale of its Control Devices segment to Center Rock Capital Partners. The transaction, closed January 30, 2026, aligns with the company’s strategic refocus on its Electronics and Brazil divisions, with proceeds earmarked to reduce debt and strengthen the balance sheet. CEO Jim Zizelman emphasized the move would enhance shareholder returns and reduce business complexity, while the company highlighted growth opportunities in vision/safety systems and vehicle intelligence. The sale, representing nearly a third of Stoneridge’s $184 million market cap, underscores a pivot toward higher-margin, technology-driven segments, directly supporting the stock’s upward movement.