Last $12.62 USD
Change Today -0.58 / -4.39%
Volume 72.3K
As of 8:04 PM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

stoneridge inc (SRI) Snapshot

Open
$13.05
Previous Close
$13.20
Day High
$13.26
Day Low
$12.61
52 Week High
10/31/14 - $13.40
52 Week Low
05/20/14 - $8.68
Market Cap
356.1M
Average Volume 10 Days
63.7K
EPS TTM
$0.23
Shares Outstanding
28.2M
EX-Date
--
P/E TM
54.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for STONERIDGE INC (SRI)

Related News

No related news articles were found.

stoneridge inc (SRI) Related Businessweek News

No Related Businessweek News Found

stoneridge inc (SRI) Details

Stoneridge, Inc. designs and manufactures electrical and electronic components, modules, and systems for the commercial vehicle, automotive, agricultural, motorcycle, and off-highway vehicle markets in North America, South America, and Europe. It operates through four segments: Control Devices, Electronics, Wiring, and PST. The Control Devices segment provides sensors, switches, valves, and actuators, as well as other electronic products that monitor, measure, or activates specific functions within a vehicle; and electromechanical actuator products that enable original equipment manufacturers to deploy power functions in a vehicle and can be designed to integrate switching and control functions. The Electronics segment offers electronic instrument clusters, electronic control units, and driver information systems. Its products collect, store, and display vehicle information, such as speed, pressure, maintenance data, trip information, operator performance, temperature, distance traveled, and driver messages related to vehicle performance. This segment’s power distribution modules and systems regulate, coordinate, and direct the operation of the electrical system within a vehicle. The Wiring segment provides electrical power and signal distribution products and systems, primarily wiring harnesses and connectors; assembles instrument panels for the commercial vehicle market that are configured specifically to the original equipment manufacturer customer’s specifications. The PST segment offers electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services, and in-vehicle audio and video devices. This segment’s products include alarms, convenience applications, vehicle monitoring and tracking devices, and infotainment systems. Stoneridge, Inc. was founded in 1965 and is headquartered in Warren, Ohio.

9,300 Employees
Last Reported Date: 03/7/14
Founded in 1965

stoneridge inc (SRI) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $700.0K
Chief Financial Officer, Pirncipal Accounting...
Total Annual Compensation: $357.5K
Vice President of Operations
Total Annual Compensation: $236.3K
Vice President and President of Control Devic...
Total Annual Compensation: $243.4K
President of Global Sales and Vice President
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

stoneridge inc (SRI) Key Developments

Stoneridge Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Goodwill Impairment for the Third Quarter Ended September 30, 2014; Revised Earnings Guidance for the Full Year of 2014

Stoneridge Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net sales were $170.3 million, an increase of $8.7 million, or 5.4%, compared with $161.6 million for the third quarter of 2013. The increase in the current quarter's Net Sales were due to increased sales in the Electronics and Control Devices segments, which were partially offset by decreased sales to Brazilian customers in the Company's PST business segment. Income from continuing operations attributable to the company was $8.0 million or $0.29 per diluted share, included non-cash income for PST of $4.5 million, or $0.16 per diluted share, which was the result of the finalization in the third quarter of the goodwill valuation assessment which began in the second quarter of 2014. In addition, the Company recorded $0.9 million, or $0.03 per diluted share, for the write-off of deferred financing fees and note redemption premium from the redemption of $17.5 million on September 2, 2014, or 10%, of the outstanding 9.5% Senior Secured Notes. The adjusted earnings from continuing operations attributable to the company were $4.37 million or $0.16 per share for the third quarter of 2014. In the third-quarter of 2013, the Company reported income from continuing operations attributable to the company of $7.0 million, or $0.26 per diluted share. The decrease in the comparison of third-quarter 2013 net income attributable to the company with third-quarter 2014 adjusted earnings was primarily due to lower sales by PST across all of its product lines sold in Brazil. Net loss attributable to the company was $0.1 million, or $0.0 per diluted share, compared to $5.1 million, or $0.19 per diluted share a year ago. Operating income was $13,759,000 compared to $12,602,000 a year ago. Income before income taxes from continuing operations was $7,964,000 compared to $8,253,000 a year ago. Income from continuing operations was $9,138,000 compared to $7,459,000 a year ago. For the nine months, the company’s net sales were $493,768,000 compared to $490,251,000 a year ago. Operating loss was $3,028,000 compared to operating income of $32,845,000 a year ago. Loss before income taxes from continuing operations was $20,688,000 compared to income before income taxes from continuing operations of $19,300,000 a year ago. Loss from continuing operations was $19,898,000 or $0.48 per diluted share, compared to profit from continuing operations of $17,040,000 or $0.58 per diluted share, a year ago. Net loss attributable to the company was $20,554,000 or $0.76 per diluted share, compared to net income attributable to the company of $14,927,000 or $0.55 per diluted share, a year ago. Net cash used for operating activities was $846,000 compared to net cash provided by operating activities of $22,444,000 a year ago. Capital expenditures were 19,772,000 compared to $18,522,000 a year ago. The company reported goodwill impairment for the third quarter ended September 30, 2014. For the quarter, the company reported goodwill impairment of $5,802,000. The company revised earnings guidance for the full year of 2014. The company is reducing its full-year 2014 guidance for adjusted earnings per share from continuing operations attributable to the company to $0.40 per share to $0.55 per share. This guidance excludes the goodwill impairment charges and any non-recurring charges for deferred financing fees and swap settlement income for the refinancing initiatives the company has completed in the fourth quarter. The company’s estimate for continuing operations does include lower expected interest expense in the fourth quarter from lower debt balances and interest rates estimated to be $0.12 per share.

Stoneridge Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 03:00 PM

Stoneridge Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 03:00 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States. Speakers: George E. Strickler, Chief Financial Officer, Pirncipal Accounting Officer, Executive Vice President and Treasurer, Kenneth A. Kure, Director of Finance and Corporate Treasurer.

Stoneridge Inc., Q3 2014 Earnings Call, Nov 06, 2014

Stoneridge Inc., Q3 2014 Earnings Call, Nov 06, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SRI:US $12.62 USD -0.58

SRI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Accuride Corp $4.40 USD +0.04
Haldex AB kr112.00 SEK +1.00
PKC Group OYJ €19.30 EUR +0.69
Quantum Corp $1.58 USD -0.07
Winnebago Industries Inc $19.89 USD -0.20
View Industry Companies
 

Industry Analysis

SRI

Industry Average

Valuation SRI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 2.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact STONERIDGE INC, please visit www.stoneridge.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.