Stoneridge (SRI) Tops Q1 EPS by 7c

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Go back to Stoneridge (SRI) Tops Q1 EPS by 7c

Stoneridge Reports First-Quarter 2022 Results

May 4, 2022 4:50 PM EDT

FIRST-QUARTER PERFORMANCE DRIVEN PRIMARILY BY FAVORABLE IMPACT OF PRICING ACTIONS / MATERIAL COST RECOVERY EFFORTS AND SUPPLY CHAIN INITIATIVES

ANNOUNCING CONTINUED MIRROREYE FLEET TRIAL EXPANSIONS WITH SCHNEIDER, MAVERICK AND NUSSBAUM OEM TAKE RATES REMAIN STRONG  

2022 First-Quarter Results

Loss per share ("EPS") of ($0.28) Adjusted EPS of ($0.27)Sales of $221.1 millionAdjusted sales of $196.6Gross profit of $41.4 million (21.1% of adjusted sales)Operating loss of ($3.0) million ((1.5%) of adjusted sales)EBITDA of $4.3 million (2.2% of adjusted sales)

2022 Full-year... More