Stoneridge Q3 loss $0.26/sh, sales $213.8M; cuts FY2024 guidance

STONERIDGE INC

2024-Q3 EPS reported -$0.38 revenue$690,047,000

Q3 2024 sales $213.8M, GAAP loss per share $(0.26), adjusted EPS $(0.24).
Adjusted EBITDA $9.2M (4.3% of sales), hurt by $2.6M FX and non-operating expenses.
Full-year revenue guidance cut to $895M-$905M on ~3.6% production volume reduction.
Adjusted EBITDA guidance lowered to $42M-$44M; adjusted EPS $(0.35)-$(0.40).
MirrorEye becomes standard on several European truck platforms; Daimler North America launch.

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