Stoneridge

Q4 2025 in 8d Q3 2025 -3.84%Q2 2025 +9.19%Q1 2025 +7.51%Q4 2024 +20.71%Q3 2024 -26.03%Q2 2024 +7.85%Q1 2024 -1.20%Q4 2023 -5.59%Q3 2023 +2.03%Q2 2023 +12.77%Q1 2023 -11.43%Q4 2022 -11.55%Q3 2022 +9.35%Q2 2022 -1.96%Q1 2022 +1.38%Q4 2021 +9.28%Q3 2021 -7.20%Q2 2021 -11.15%Q1 2021 +2.89%Q4 2020 +8.18%Q3 2020 +6.46%Q2 2020 -3.29%Q1 2020 -5.41%Q4 2019 -16.90%Q3 2019 -7.74%Q2 2019 -7.49%Q1 2019 -2.32%Q4 2018 +5.31%Q3 2018 +10.38%Q2 2018 +2.41%Q1 2018 +2.70%Q4 2017 +2.06%Q3 2017 -5.15%Q2 2017 +10.99%Q1 2017 -8.03%Q4 2016 +5.26%Q3 2016 -20.19%Q2 2016 -0.35%Q1 2016 +5.37%Q4 2015 +11.05%Q3 2015 +2.34%Q2 2015 +17.24%Q1 2015 -0.85%Q4 2014 +2.47%Q3 2014 +0.68%Q2 2014 -5.21%Q1 2014 -6.22%Q4 2013 +4.24%Q3 2013 -2.72%Q2 2013 +9.02%Q1 2013 +15.14%Q4 2012 +0.62%Q3 2012 +0.20%Q2 2012 +7.87%Q4 2011 +7.87%Q1 2011 -5.68%Q1 2012 +2.22%Q4 2009 +5.16%Q3 2010 +2.85%Q3 2011 +2.85%Q2 2010 -22.11%Q2 2011 -22.11%Q4 2010 -22.11%Q1 2010 +20.31%

May 06, 2020

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Mar 31, 2020

Stoneridge Q1 2020 Earnings Report

Reported first-quarter results with operational improvements driving sequential margin improvement.

Key Takeaways

Stoneridge reported first-quarter results with sales of $183.0 million and earnings per diluted share (EPS) of $0.13. Adjusted EPS was $0.20 for the first quarter. The company estimated that the impact of the global COVID-19 pandemic reduced sales by $16.0 million and operating income by $4.7 million.

Drove improved adjusted gross margin as significantly reduced material and overhead costs, leading to adjusted gross margin improvement of 170 basis points relative to the fourth quarter of last year.

Experienced effects of the global COVID-19 pandemic, starting in China and later in North America and Europe, which led to adjustments in facilities and operations, including reduced schedules and plant utilization.

Implemented temporary cost reduction measures to drive 2020 financial performance and preserve cash, such as reducing workforce-related costs at impacted facilities.

Reduced global salaried workforce by approximately five percent to right-size the cost structure and align resources with forecasted market conditions, while continuing to invest in new business and technologies.