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Stoneridge Completes Sale of Control Devices Segment
SRI
M&A
Debt Issuance
- Stoneridge completed the sale of its Control Devices segment to Center Rock Capital Partners on January 30th for a base purchase price of $59 million.
- The company intends to use the net sale proceeds to reduce debt and related interest expense, aiming to create immediate value for shareholders.
- This divestiture allows Stoneridge to focus on its highest growth, highest return businesses in advanced technologies and electronic solutions for global commercial vehicle and off-highway end markets, with an expected 8%-12% Compound Annual Growth Rate through 2030.
3 days ago
Stoneridge Sells Control Devices Segment for $59 Million
SRI
M&A
Debt Issuance
New Projects/Investments
- Stoneridge completed the sale of its Control Devices segment to CenterRock Capital Partners on January 30th for a base purchase price of $59 million.
- The net proceeds from the sale will be utilized to reduce Stoneridge's debt and related interest expense.
- The company will now focus its resources on advanced technologies and electronic solutions primarily for global commercial vehicle and off-highway end markets, specifically Vision and Safety, Connectivity, and Vehicle Intelligence and Electronic Controls.
- Stoneridge expects to amend its existing credit facility by the time it files its fourth-quarter results in early March and will provide 2026 guidance and updated long-term targets on its fourth-quarter call on Thursday, March 12th.
3 days ago
Stoneridge Completes Sale of Control Devices Segment
SRI
M&A
- Stoneridge completed the sale of its Control Devices segment to CenterRock Capital Partners on January 30th for a base purchase price of $59 million.
- The transaction, valued at roughly five times the expected 2025 Adjusted EBITDA for Control Devices, includes manufacturing facilities in Lexington, Ohio, and Suzhou, China.
- Stoneridge will use the net sale proceeds to reduce debt and related interest expense, with plans to amend its existing credit facility by early March.
- This sale allows Stoneridge to focus on advanced technologies and electronic solutions for global commercial vehicle and off-highway markets, targeting a 5-year Compound Annual Growth Rate of 8%-12% through 2030.
3 days ago
Stoneridge Completes Sale of Control Devices Business
SRI
M&A
Debt Issuance
New Projects/Investments
- Stoneridge completed the sale of its Control Devices business to Center Rock Capital Partners, LP on January 30, 2026.
- The transaction involved a base purchase price of $59 million, representing an implied EBITDA multiple of approximately 5x based on estimated 2025 adjusted EBITDA for Control Devices.
- This divestiture is expected to strengthen Stoneridge's balance sheet through debt reduction and reduce interest expense, allowing the company to focus on high-technology electronic solutions for commercial vehicle and off-highway end markets.
- Stoneridge anticipates amending its existing credit facility by early March to refinance its revolving credit facility and align its capital structure with the remaining business.
3 days ago
Stoneridge Completes Sale of Control Devices Segment
SRI
M&A
New Projects/Investments
- Stoneridge, Inc. completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners, LP on January 30, 2026.
- The transaction was finalized with a base purchase price of $59 million.
- Stoneridge plans to use the net cash proceeds, after tax and transaction-related expenses, to repay its debt and strengthen its balance sheet.
- The sale is intended to allow Stoneridge to accelerate and support its core growth platforms in Electronics and Brazil, focusing its remaining portfolio on technology solutions for global commercial vehicle and off-highway end markets.
3 days ago
Stoneridge Completes Sale of Control Devices Segment
SRI
M&A
New Projects/Investments
- Stoneridge, Inc. completed the sale of its Control Devices segment to an affiliate of Center Rock Capital Partners, LP on January 30, 2026, for a base purchase price of $59 million.
- The company intends to use the net cash proceeds from the sale to repay debt and strengthen its balance sheet.
- This strategic divestiture will enable Stoneridge to focus its capital and resources on core growth platforms in Electronics and Brazil, with its remaining portfolio concentrating on technology solutions for the global commercial vehicle and off-highway end markets.
3 days ago
SRI Reports Q3 2025 Results with Improved Adjusted EBITDA and Updated Full-Year Guidance
SRI
Earnings
Guidance Update
New Projects/Investments
- Stoneridge reported Q3 2025 adjusted EBITDA of $11.7 million, or 5.6% of sales, excluding non-operating foreign currency expenses, representing a $3.6 million improvement and 200 basis point margin expansion over the prior quarter.
- Sales for Q3 2025 were $210 million, a 7.8% decline compared to Q2 2025, primarily due to reduced customer production volumes in commercial vehicle end markets.
- The company announced incremental program awards and expansions totaling $185 million, including a new Mirai OEM program with an estimated lifetime revenue of $55 million and park lock actuator program extensions with Ford valued at approximately $130 million in lifetime revenue.
- Full-year revenue guidance was updated to the low end of $860-$870 million, and adjusted EBITDA guidance was revised to $30-$32 million.
- The review of strategic alternatives for the control devices segment is ongoing.
Nov 6, 2025, 2:00 PM
Stoneridge Reports Q3 2025 Results and Updates Full-Year Guidance
SRI
Earnings
Guidance Update
M&A
- Stoneridge reported Q3 2025 sales of $210.3 million and an adjusted net loss of $(5.1) million. The company's adjusted EBITDA for Q3 2025 was $9.3 million, or 4.4% of sales.
- The company updated its full-year 2025 revenue guidance to $860 million - $870 million and adjusted EBITDA guidance to $30 million - $32 million, reflecting lower expected commercial vehicle production volumes.
- Stoneridge achieved year-to-date MirrorEye sales growth of 78% compared to Q3 YTD 2024 and announced over $185 million in new program awards and extensions.
- For Q3 2025, net debt was $117.2 million and year-to-date adjusted free cash flow was $16.2 million, an improvement of $4.3 million versus 2024.
- The review of strategic alternatives for its Control Devices business, including a potential sale, is ongoing.
Nov 6, 2025, 2:00 PM
Stoneridge Reports Q3 2025 Results and Updates Full-Year Guidance
SRI
Earnings
Guidance Update
New Projects/Investments
- Stoneridge reported Q3 2025 sales of $210.3 million, a net loss of $(9.4) million, and adjusted EBITDA of $9.3 million.
- The company updated its full-year 2025 guidance, lowering sales to $860 million to $870 million and adjusted EBITDA to $30 million to $32 million.
- Stoneridge announced new program awards totaling over $185 million in estimated lifetime revenue, including a MirrorEye® OEM program with an additional truck manufacturer for $55 million.
- An amendment to the credit facility was made on November 5, 2025, reducing borrowing capacity from $275,000 to $225,000 and extending the minimum interest coverage ratio of 2.5x through Q1 2026.
- The review of strategic alternatives for the Control Devices business, with the intent to sell it, is still in process.
Nov 5, 2025, 10:02 PM
Stoneridge Reports Third Quarter 2025 Results and Updates Full-Year Guidance
SRI
Earnings
Guidance Update
New Projects/Investments
- Stoneridge reported Q3 2025 sales of $210.3 million, a net loss of $(9.4) million, and an adjusted net loss of $(5.1) million, with adjusted EPS of $(0.18).
- The company updated its full-year 2025 revenue guidance to $860 million - $870 million and adjusted EBITDA guidance to $30 million to $32 million, primarily due to customer production volume reductions and a non-operating FX expense.
- Stoneridge announced new program awards, including a MirrorEye OEM program with an additional truck manufacturer (estimated $55 million lifetime revenue) and Control Devices awards for leak detection modules and park lock actuators (estimated $130 million lifetime revenue).
- As of September 30, 2025, Stoneridge had cash and cash equivalents of $54.0 million and total debt of $171.1 million.
Nov 5, 2025, 10:00 PM
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