secwatch.observer — SEC 8-K summary
======================================

Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001043337-23-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stoneridge Q1 2023: sales $241.3M, adj. EPS -$0.25; reaffirms FY guidance
-------------------------------------------------------------------------

- Sales $241.3M (adj. $232.2M); GAAP EPS -$0.27, adjusted EPS -$0.25.
- Adj. operating loss $(3.4)M (adj. margin -1.5%); adj. EBITDA $3.6M (1.5% of adj. sales).
- Reaffirms FY2023 adj. sales $960-$990M, adj. EPS $(0.10)-$0.10, adj. EBITDA margin 5.3%-5.9%.
- Results benefited from $9.1M customer recoveries for electronic component spot buys.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000036/0001043337-23-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000036/sri-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001043337-23-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer