secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001043337-23-000058
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stoneridge Q3 2023 sales $238.2M, adj. EPS $0.10; guides FY23 adj. EPS loss, prelim 2024 growth ≥5%
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- Q3 adjusted sales $237.2M; GAAP EPS $0.08, adjusted EPS $0.10; adjusted EBITDA $17.0M (7.2% margin).
- Full-year 2023 guidance refined: adj. sales $965-975M, adj. EPS $(0.10)-$0.00; midpoint down $0.05 due to UAW strike impact.
- Preliminary 2024 revenue guidance: at least 5% growth, outpacing weighted-average end-markets by ≥6.5%.
- Gross margin improved to 22.1% (adj.), operating margin 3.1% (adj.), reflecting strong operating performance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000058/0001043337-23-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333723000058/sri-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001043337-23-000058

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