Stoneridge Q1 sales $239.2M, loss per share $(0.22), maintains FY2024 guidance

STONERIDGE INC

2024-Q1 EPS reported -$0.22 revenue$239,157,000

Q1 2024 sales of $239.2M; gross profit $48.4M (20.2% of sales).
Operating income $0.3M (0.1% of sales); EBITDA $6.6M (2.8% of sales).
Loss per share $(0.22), impacted by ~$0.13 from non-operating FX, equity interest, and warranty expenses.
Full-year 2024 guidance maintained: sales $990M-$1,010M; EPS $0.30-$0.40; EBITDA $64M-$70M.

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 first quarter ended March 31, 2024 results: revenue $239.2 million, EPS $(0.22). Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $239.2 million
EPS: $(0.22)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

NOVI, Mich. – May 1, 2024 – Stoneridge, Inc. (NYSE: SRI) today announced financial results for the first quarter ended March 31, 2024, with sales of $239.2 million and loss per share of $(0.22).

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Source: SEC EDGAR

accession 0001043337-24-000088

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