Stoneridge Reports Strong Second-Quarter 2018 Results

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Go back to Stoneridge Reports Strong Second-Quarter 2018 Results

Stoneridge (SRI) Tops Q2 EPS by 2c; Slight Beat on Revenues; 'Maintains FY18 Guidance Range'

August 1, 2018 5:54 PM EDT

Stoneridge (NYSE: SRI) reported Q2 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $220.6 million versus the consensus estimate of $220.42 million.

2018 Second-Quarter Results

Earnings per diluted share attributable to Stoneridge, Inc. ("EPS") of $0.52Adjusted EPS of $0.55 (adjustments related to the step-up in the fair value of the earn-out related to the PST transaction and certain business realignment costs)Sales of $220.6 million, an increase of 5.5% over Q2 2017Gross profit of $67.4 million (30.6% of sales), an increase of 5.2% over Q2 2017 adjusted gross profitOperating income of $19.2... More