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Mar 31, 2023
Stoneridge Q1 2023 Earnings Report
Stoneridge's first quarter 2023 results were reported, with revenue and earnings outperforming previous expectations and reaffirming the 2023 full-year guidance.
Key Takeaways
Stoneridge reported Q1 2023 sales of $241.3 million and a loss per share of $(0.27). Adjusted sales were $232.2 million and adjusted EPS was $(0.25). The company reaffirmed its full-year guidance, including adjusted sales of $960.0 - $990.0 million and adjusted EPS of $(0.10) - $0.10.
Sales of $241.3 million were reported.
Adjusted sales reached $232.2 million.
Gross profit was $42.8 million.
Loss per share was $(0.27).
Revenue by Segment
Forward Guidance
The Company reaffirmed its 2023 full-year guidance including adjusted sales guidance of $960.0 million to $990.0 million, adjusted gross margin guidance of 20.5% to 21.25%, adjusted operating margin guidance of 1.5% to 2.25% and adjusted EBITDA of $50.9 million to $58.4 million or 5.3% - 5.9% of adjusted sales. The Company also reaffirmed full-year adjusted earnings per share guidance of $(0.10) to $0.10.
Positive Outlook
- Adjusted sales guidance of $960.0 million to $990.0 million
- Adjusted gross margin guidance of 20.5% to 21.25%
- Adjusted operating margin guidance of 1.5% to 2.25%
- Adjusted EBITDA of $50.9 million to $58.4 million
- Full-year adjusted earnings per share guidance of $(0.10) to $0.10.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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