Stoneridge Q4 2023: EPS $0.11 (adj. $0.12); full-year loss; FY2024 rev guidance $1B, EBITDA $67M

STONERIDGE INC

2023-FY EPS reported -$0.19 revenue$975,818,000

Q4 sales $229.5M, adjusted EBITDA $15.6M (6.8% of sales), EPS $0.11, adjusted EPS $0.12.
Full-year 2023 sales $975.8M; loss per share $(0.19); adjusted loss per share $(0.08).
FY2024 guidance: midpoint revenue $1B, EBITDA $67M (6.7% margin, 170 bps expansion vs 2023).
Long-term targets: 2028 revenue $1.35-$1.55B, EBITDA margin 12%-14%; 2027 targets maintained.
Sequential EPS improvement in Q4 in line with prior expectations, citing operational progress.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STONERIDGE INC reported Q4 2023 results: revenue $229.5 million, EPS $0.11.

Period: Q4 2023
Revenue: $229.5 million
EPS: $0.11
Result: reported results

Exact text from the filing

Stoneridge, Inc. (NYSE: SRI) today announced financial results for the fourth quarter ended December 31, 2023, with sales of $229.5 million and earnings per share of $0.11.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STONERIDGE INC reported FY 2024 results: revenue $1 billion. Guidance initiated.

Period: FY 2024
Revenue: $1 billion
Guidance: initiated
Result: guidance update

Exact text from the filing

Establishes 2024 Midpoint Revenue Guidance of $1 Billion And Midpoint EBITDA of $67 Million (Midpoint EBITDA Margin Expansion Of 170 Basis Points vs. 2023)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STONERIDGE INC reported FY 2023 results: revenue $975.8 million, EPS $(0.19).

Period: FY 2023
Revenue: $975.8 million
EPS: $(0.19)
Result: reported results

Exact text from the filing

This results in full-year sales of $975.8 million with a loss per share of $(0.19).

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Source: SEC EDGAR

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