STONERIDGE INC reported full year 2026 results: revenue $645 million - $670 million. Guidance raised.
“2026 Full-Year Guidance • Updating guidance to reflect the incremental impact of the contract manufacturing revenue associated with the sale of Control Devices (the “Mexico Supply Agreement”) ◦ Revenue guidance of $645 million - $670 million, an increase of $20 million vs. prior expectations ◦ Adjusted operating margin guidance of approximately break-even to 0.5% , an increase of approximately 50 basis points vs. prior expectations • Reaffirming full-year adjusted EBITDA guidance of $20 million - $25 million”
Material Agreements
STONERIDGE INC amended Amendment No. 3 to the Fifth Amended and Restated Credit Agreement with PNC Bank, National Association, as Administrative Agent, and the financial parties thereto valued at $175.0 million (effective 2026-03-06).
“On March 6, 2026, Stoneridge, Inc. (the “Company”) entered into Amendment No. 3 to the Fifth Amended and Restated Credit Agreement (the “Credit Facility”) by and among the Company and certain of its subsidiaries as Borrowers, certain of its subsidiaries as Guarantors, PNC Bank, National Association, as Administrative Agent, and the financial parties thereto (“Amendment No. 3”).”
Material Agreements
STONERIDGE INC entered into Cooperation Agreement with 22NW Fund, LP, 22NW, LP, 22NW Fund GP, LLC, 22NW GP, Inc., and Aron R. English (effective 2026-02-26).
“On February 26, 2026, Stoneridge, Inc., an Ohio corporation (the “Company”), entered into a Cooperation Agreement (the “Cooperation Agreement”) with 22NW Fund, LP, a Delaware limited partnership, 22NW, LP, a Delaware limited partnership, 22NW Fund GP, LLC, a Delaware limited liability company, 22NW GP, Inc., a Delaware S corporation, and Aron R. English (collectively, “22NW” or the “Investor Group”).”
M&A Transactions
STONERIDGE INC completed a disposition involving Control Devices Acquisition, LLC for $59.0 million (closed 2026-01-30).
“On January 30, 2026 (the “Closing Date”), Stoneridge, Inc. (the “Company”) and certain of its subsidiaries entered into a Stock Purchase Agreement (“Purchase Agreement”) with Control Devices Acquisition, LLC, a Delaware limited liability company and an affiliate of Center Rock Capital Partners, L.P. (“Buyer”), pursuant to which the Company sold, on January 30, 2026 (the “Closing”), its Control Devices business segment (the “Business”) via the sale of the Company’s interests in its former wholly-owned subsidiaries, Stoneridge Control Devices, Inc. (“Control Devices”), Stoneridge Asia Holdings Ltd., Stoneridge Asia Pacific Electronics (Suzhou) Co. Ltd. (“Stoneridge Suzhou” and such sale, the “Sale”). The purchase price paid to the Company was $59.0 million and is subject to customary post-closing adjustments.”
George S. Mayes, Jr. departed as Director at STONERIDGE INC.
“On March 10, 2025, both Paul J. Schlather and George S. Mayes, Jr., members of the Company’s Board of Directors (the “Board”), informed the Board’s Nominating and Corporate Governance Committee that they would continue to serve on the Board until the 2025 Annual Meeting of Shareholders but requested not to be named as a candidate on the Board’s slate of nominees for re-election in 2025.”
Paul J. Schlather departed as Director at STONERIDGE INC.
“On March 10, 2025, both Paul J. Schlather and George S. Mayes, Jr., members of the Company’s Board of Directors (the “Board”), informed the Board’s Nominating and Corporate Governance Committee that they would continue to serve on the Board until the 2025 Annual Meeting of Shareholders but requested not to be named as a candidate on the Board’s slate of nominees for re-election in 2025.”
Salvatore D. Orsini was terminated as Chief Procurement Officer at STONERIDGE INC.
“On January 29, 2025, the Company notified Salvatore D. Orsini, the Company’s Chief Procurement Officer, that his position was being eliminated resulting in the termination of his employment with the Company, effective February 28, 2025.”
Shareholder Votes
STONERIDGE INC shareholders approved Approval of Amendment No. 2 to the 2018 Amended and Restated Directors’ Restricted Shares Plan.
“4. Amendment No. 2 to the Company’s 2018 Amended and Restated Directors’ Restricted Shares Plan, as amended was approved by the following votes: For Against Abstain Broker Non-Votes 24,682,648 820,004 4,784 268,036”
Shareholder Votes
STONERIDGE INC shareholders approved Non-binding advisory approval of 2023 compensation of Named Executive Officers.
“3. A non-binding advisory resolution to approve the 2023 compensation paid to the Company’s Named Executive Officers was approved by the following votes: For Against Abstain Broker Non-Votes 25,295,714 206,073 5,649 268,036”
Shareholder Votes
STONERIDGE INC shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm for 2024 at the 2024-12-31 meeting.
“2. The proposal to ratify the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ended December 31, 2024 was approved by the following votes: For Against Abstain Broker Non-Votes 25,253,880 521,116 476 —”
Shareholder Votes
STONERIDGE INC shareholders approved Election of nine director nominees.
“1. The nine Company nominees for election to the Board of Directors were elected, each for a one-year term, by the following votes: Nominee For Withheld Broker Non-Votes Ira C. Kaplan 24,781,476 725,960 268,036 Kim Korth 24,370,172 1,137,264 268,036 William M. Lasky 22,506,320 3,001,116 268,036 George S. Mayes, Jr. 24,781,581 725,855 268,036 Carsten J. Reinhardt 24,880,411 627,025 268,036 Sheila Rutt 25,483,849 23,587 268,036 Paul J. Schlather 25,315,846 191,590 268,036 Frank S. Sklarsky 25,481,379 26,057 268,036 James Zizelman 25,315,889 191,547 268,036”
Earnings Releases
STONERIDGE INC reported first quarter ended March 31, 2024 results: revenue $239.2 million, EPS $(0.22). Guidance reaffirmed.
“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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