News Summary
Stoneridge, Inc., located in Novi, Michigan, is set to hold its fourth quarter earnings conference call on February 27, 2025. Leading figures Jim Zizelman and Matt Horvath will discuss the company’s recent performance, including impressive third quarter sales, innovative product offerings like MirrorEye, and future projections that highlight a healthy outlook. Investors are encouraged to participate via the company’s website. With recent leadership changes and participation in upcoming conferences, Stoneridge continues to position itself for growth and expansion in the electronic systems market.
Novi, Michigan: Stoneridge, Inc. Gears Up for Fourth Quarter Earnings Call in 2025
Exciting news is coming from Stoneridge, Inc., the celebrated global supplier of electronic systems and technologies, headquartered right here in Novi, Michigan. If you’re an investor or just curious about the company’s progress, mark your calendars for the upcoming fourth quarter earnings conference call set for February 27, 2025, at a bright and early 9:00 a.m. ET.
Who’s Speaking?
This online event will be led by Jim Zizelman, the President and CEO of Stoneridge, alongside Matt Horvath, the Chief Financial Officer. They’ll guide attendees through the financial landscape and what the future holds for this innovative company. To catch the action, simply head over to the webcasting link found on the Presentations & Events page in the Investors section of Stoneridge’s website, which is www.stoneridge.com.
What’s Been Happening at Stoneridge?
Stoneridge has been on a remarkable journey recently, and their business performance is nothing short of impressive. In the third quarter of 2024, they reported sales hitting a whopping $213.8 million, alongside a gross profit of $44.5 million. Not to mention, they marked an operating income of $0.3 million and an adjusted EBITDA of $9.2 million. It’s safe to say that the company has been busy boosting their financial figures.
Performance Improvement
In a positive twist, Stoneridge has also announced a Year-to-Date Cash Performance enhancement of $31.3 million when lined up against the same stretch in 2023. This advancement points towards a proactive approach and a hopeful optimistic outlook for all stakeholders involved.
Looking Ahead: What’s on the Docket?
As the fiscal year 2024 unfolds, Stoneridge has laid out their sales guidance, projecting an impressive range between $990 million and $1 billion. They’re also focusing on consolidating their gross margin guidance, estimated to sit between 22.0% and 22.75%. Where does Stoneridge envision themselves heading? They’re anticipating an expansion in EBITDA margins and are determined to bring down their net debt-to-EBITDA ratio to between 2.0x and 2.5x by the close of 2024.
Innovative Contributions
One of the standout products that have put Stoneridge on the map is their innovative MirrorEye systems. These incredible systems have not only enhanced safety but have also become standard equipment on numerous European truck platforms. Exciting developments are on the horizon, as new OEM programs are launching with Daimler Truck North America and other European brands, showcasing their global reach and reliability in the market.
Stoneridge Leadership Changes
In a sign of progress and fresh strategy, Stoneridge has made key leadership appointments, including Natalia Noblet as the President of the Electronics Division, effective from September 1, 2024. Additionally, Troy Cooprider stepped into the role of Chief Technology Officer in March 2024, where he will oversee the strategic tech and product roadmaps that will keep Stoneridge at the forefront of innovation.
Upcoming Event
Also on their agenda, Stoneridge is set to participate in the anticipated Stephens Annual Investment Conference on November 19, 2024, in lively Nashville, Tennessee. Both Zizelman and Horvath will be attending to share insights about the company’s journey and future plans, ensuring they remain transparent and engaged with their investors.
As the earnings call date approaches, all eyes will be on Stoneridge to unveil further details of their ongoing success story. Stay tuned!
Deeper Dive: News & Info About This Topic
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Additional Resources
- PR Newswire: Stoneridge Reports First Quarter 2024 Results
- PR Newswire: Stoneridge Reports Fourth Quarter 2023 Results
- PR Newswire: Stoneridge Appoints Natalia Noblet as President of Electronics Division
- Barchart: Stoneridge Q2 Earnings Snapshot
- Wikipedia: Stoneridge, Inc.
