secwatch.observer — SEC 8-K summary
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Issuer:     STONERIDGE INC (SRI)
CIK:        0001043337
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001104659-22-114013
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stoneridge Q3 adjusted sales $214M (+4% sequential); full-year guidance lowered
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- Q3 adjusted sales $214.0M (+4% sequentially); adjusted EPS $0.03 (+$0.32 sequentially).
- Gross margin on adjusted sales 23.1% (440 bps sequential improvement).
- Q4 guidance: adjusted revenue $234-244M, adjusted EPS $0.21-0.27.
- Full-year 2022 adjusted revenue guidance lowered to $850-860M (midpoint $855M); adjusted EPS ($0.32)-($0.26).
- Adjusted operating margin guidance reduced to 0.75%-1.0% due to re-timing of ~$2.4M engineering recoveries.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1043337/000110465922114013/0001104659-22-114013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1043337/000110465922114013/tm2229541d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-114013

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