Stoneridge, Inc. (SRI) is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules. The company primarily serves the automotive, commercial, off-highway, and agricultural vehicle markets. Its product portfolio includes advanced driver information systems, vision systems, sensors, switches, and telematics solutions, aligning with industry trends for increased electronic content and vehicle performance enhancements.
- Electronics - Develops advanced driver information systems, vision systems, connectivity and compliance solutions, control modules, and electronic control units for commercial vehicle and off-highway markets.
- Control Devices - Designs and manufactures actuators, sensors, switches, and connectors for automotive, commercial vehicle, and agricultural markets, enabling specific vehicle functions.
- Stoneridge Brazil - Provides vehicle tracking devices, monitoring services, driver information systems, vehicle security alarms, convenience accessories, telematics solutions, and multimedia devices for South American automotive and commercial vehicle markets.
You might also like
- Given that MirrorEye revenue is expected to nearly double and new OEM programs are being ramped up, what specific contingency plans do you have if these initiatives fall short of the anticipated volume growth later in the year?
- You’ve highlighted a significant reduction in quality-related costs this quarter; can you provide detail on how sustainable these improvements are amid ongoing pressures to maintain built-in quality and rapid remediation of issues?
- With external production forecasts showing volatility and lower-than-expected volumes, how will you adjust your original conservative full-year guidance if production trends continue to deviate negatively?
- Your aggressive inventory reduction has boosted free cash flow, yet as production and demand recover, what strategies will you employ to ensure inventory levels remain sufficient without compromising working capital benefits?
- While current tariff impacts appear minimal due to USMCA certification, what concrete measures are in place to mitigate potential disruptions for non-compliant products if new tariff structures or trade policies are implemented?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
PACCAR | Supplies advanced driver info solutions | Electronics | Revenue: 16% of net sales in 2024. |
Traton | Supplies advanced driver info solutions | Electronics | Revenue: 13% of net sales in 2024. |
Volvo | Supplies commercial vehicle solutions | Electronics | Revenue: 13% of net sales in 2024. |
Daimler Truck | Supplies commercial vehicle solutions | Electronics | Revenue: 7% of net sales in 2024. |
Ford | Supplies automotive control devices | Control Devices | Revenue: 7% of net sales in 2024. |
Recent press releases and 8-K filings for SRI.
- At the 2025 Annual Meeting, the company approved its 2025 Long-Term Incentive Plan authorizing 726,000 common shares for eligible participants.
- Shareholders also voted on key matters, including the election of seven board nominees, ratification of Ernst & Young LLP as the independent auditor for the year ended December 31, 2025, and a non-binding advisory vote on executive compensation.