secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001043337-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333724000002/0001043337-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333724000002/sri-20240228.htm
  HTML page:      https://secwatch.observer/filing/0001043337-24-000002

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