Did Stoneridge beat or miss consensus estimates last quarter?

What does Stoneridge do and what are its main business segments?

What were the key takeaways from Stoneridge’s earnings call?

What is Stoneridge's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Stoneridge year over year?

What guidance did Stoneridge's management provide for the next earnings period?

What is Stoneridge's gross profit margin?

What were the key takeaways from Stoneridge's earnings call?

- **Mirai Dominance**: 78% Y/Y revenue growth, new $185M program wins, and 25-30% take rate on new OEM truck platform.
- **Resilient Margins**: 200 bps margin expansion to 5.6% EBITDA, $5.3M quality cost savings, and 250 bps electronics margin improvement.
- **Headwinds Mitigated**: 21% North American CV production decline offset by Mirai growth; control devices +1.9% despite China weakness.
- **Strategic Review**: Control devices strategic alternatives process ongoing; proceeds to reduce debt if sold; refinancing expected by Q4 2025.

**【CEO Summary Section】**
- **Operational Progress**: Third-quarter adjusted EBITDA of $11.7 million (5.6% margin) reflects a 200 basis point improvement from the prior quarter, driven by cost control and quality improvements. Mirai sales grew 78% year-over-year, outpacing market declines in commercial vehicles.
- **New Business Wins**: Secured $185 million in program awards, including a new Mirai OEM program with a 25-30% take rate starting Q1 2028, a second leak detection module (LDM) award in China, and $130 million in Ford park lock actuator extensions.
- **Market Performance**: North American commercial vehicle production fell 21% Q/Q, but Mirai sales offset headwinds with 78% Y/Y growth. Europe saw 9% production decline but strong Mirai take rates as it becomes standard on several truck models.
- **Cost Management**: Year-to-date quality-related cost savings of $5.3 million and 200 basis point material cost improvement.

**【CFO Financial Commentary】**
- **Top-line**: Q3 sales $210 million (-7.8% Q/Q) due to 21% North American and 9% European commercial vehicle production declines. Control devices sales +1.9% to $72.5 million, offset by China passenger vehicle weakness.
- **Profitability**: Adjusted operating income $2.4 million (100 bps margin improvement). Electronics segment margin expanded 250 bps to 5.3% on material cost savings. Brazil sales +23.5% to $18.9 million, operating profit +790 bps.
- **Guidance Update**: Full-year revenue guidance lowered to $860-870 million (midpoint -1.1%), adjusted EBITDA $30-32 million (-$5 million midpoint). Foreign currency expense $2.4 million拖累.
- **Liquidity**: 12-month inventory reduction $31 million, free cash flow +36% Y/Y. Credit facility amendment extends interest coverage ratio relief to Q1 2026. Proceeds from potential control devices sale to reduce debt; refinancing expected by Q4 2025 filing.

Stoneridge Inc (SRI) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

SRI

SRI fundamentals

You can ask Aime