---
schema_version: "secwatch.filing_event.v1"
accession: "0001043337-23-000050"
form_type: "8-K"
ticker: "SRI"
cik: "0001043337"
company_name: "STONERIDGE INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:06:43.603123+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Stoneridge reports Q2 2023 sales $266.8M, adjusted EPS $(0.05); reaffirms FY guidance at high end

## Summary
- Q2 sales $266.8M, adjusted sales $262.4M; gross profit $60.5M, adjusted gross margin 23.2%.
- Adjusted EBITDA $11.9M (4.5% of adjusted sales), impacted by $(2.7)M non-operating FX and equity investment loss.
- GAAP diluted EPS $(0.11), adjusted EPS $(0.05); non-operating items reduced adjusted EPS by ~$(0.08).
- FY 2023 guidance reaffirmed: adjusted sales $960-990M, adjusted gross margin 20.5%-21.25%, adjusted operating margin 1.5%-2.25%.
- Adjusted EPS guided to $(0.10)-$0.10 (break-even midpoint) and adjusted EBITDA margin 5.3%-5.9%.

## SEC filing metadata
- accession: 0001043337-23-000050
- form_type: 8-K
- ticker: SRI
- cik: 0001043337
- company_name: STONERIDGE INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000050/0001043337-23-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000050/sri-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001043337-23-000050
- JSON: https://secwatch.observer/filing/0001043337-23-000050.json
- Plain text: https://secwatch.observer/filing/0001043337-23-000050.txt

## Key facts
- Earnings Releases
  STONERIDGE INC reported second quarter ended June 30, 2023 results: revenue $266.8 million, EPS $(0.11).
  - Period: second quarter ended June 30, 2023
  - Revenue: $266.8 million
  - EPS: $(0.11)
  - Result: reported results
  source text: MARGIN EXPANSION GUIDING TO THE HIGH END OF PREVIOUSLY PROVIDED ADJUSTED SALES, ADJUSTED GROSS MARGIN AND ADJUSTED OPERATING MARGIN RANGES 2023 Second Quarter Results • Sales of $266.8 million • Adjusted sales of $262.4 million • Gross profit of $60.5 million • Adjusted gross profit of $60.9 million (23.2% of adjusted sales) • Operating income of $4.3 million •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1043337/000104333723000050/0001043337-23-000050-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.