Stoneridge Reports Strong Third-Quarter 2020 Results
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Stoneridge (SRI) Tops Q3 EPS by 33c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
October 28, 2020 5:31 PM EDTStoneridge (NYSE: SRI) reported Q3 EPS of $0.18, $0.33 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $175.8 million versus the consensus estimate of $154.9 million.
2020 Third-Quarter Results
Earnings per diluted share ("EPS") of $0.25Adjusted EPS of $0.18Sales of $175.8 millionGross profit of $46.0 millionAdjusted gross profit of $46.7 million (26.5% of sales)Operating income of $9.8 millionAdjusted operating income of $8.2 million (4.7% of sales)Adjusted EBITDA of $16.9 million (9.6% of sales)Incremental adjusted operating margin on incremental revenue ("adjusted contribution margin") of 35.8% vs.... More