Stoneridge Q4 sales $231.2M, EPS $0.01; full-year loss; guides 2023 revenue ~$975M, EBITDA margin expansion

STONERIDGE INC

2022-FY EPS reported -$0.52 revenue$899,923,000

Q4 sales $231.2M, adjusted sales $225.2M (+5.2% vs Q3); gross profit $45.5M (19.7% of sales).
Q4 EPS $0.01; includes $3.7M prior-quarter correction; adjusted EPS not provided.
Full-year 2022 sales $899.9M, loss per share $(0.52); adjusted sales $841.5M.
2023 guidance: adjusted sales $960-990M, adjusted EBITDA margin 5.3-5.9%, adjusted EPS $(0.10)-$0.10.
2027 targets: revenue $1.3-1.5B, EBITDA margin 11.5-13.5%; backlog growth to $3.6B.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STONERIDGE INC reported the fourth quarter and full-year ended December 31, 2022 results: revenue $231.2 million, EPS $0.01. Guidance initiated.

Period: the fourth quarter and full-year ended December 31, 2022
Revenue: $231.2 million
EPS: $0.01
Guidance: initiated
Result: reported results

Exact text from the filing

EXPANSION OF 210 BASIS POINTS OVER 2022 ESTABLISHES 2027 REVENUE TARGET OF $1.3 - $1.5 BILLION AND EBITDA MARGIN TARGET OF 11.5% - 13.5% 2022 Fourth Quarter Results • Sales of $231.2 million • Adjusted sales of $225.2 million (5.2% growth over Q3 2022) • Gross profit of $45.5 million (19.7% of sales, 20.2% of adjusted sales) • Operating income of $6.0 million (2.6%

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Source: SEC EDGAR

accession 0001043337-23-000010

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