secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001043337-24-000120
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000104333724000120/0001043337-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000104333724000120/sri-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001043337-24-000120

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