Stoneridge, Inc., headquartered in Novi, Michigan, is an independent designer and manufacturer of highly engineered electrical and electronic components, modules and systems principally for the automotive, commercial vehicle, motorcycle, agricultural and off-highway vehicle markets.

Company profile
Ticker
SRI
Exchange
Website
CEO
Jonathan DeGaynor
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Icahn Enterprises • Icahn Enterprises • Magna International • Adient • Aptiv • Lear • Autoliv • BorgWarner • Dana • Allison Transmission ...
SEC CIK
Corporate docs
Subsidiaries
Jurisdiction in Which Organized or Incorporated • Exploitatiemaatschappij Berghaaf B.V. • Orlaco GmbH • Orlaco Inc. • Orlaco Products B.V. • PST Eletronica Ltda. • PST Teleatendimento Ltda. • Positron Rastreadores Argentina S.A. • SRI CS LLC • SRI Delaware Holdings LLC ...
IRS number
341598949
SRI stock data
News

Stoneridge's Return On Capital Employed Insights
9 Aug 22
Recap: Stoneridge Q2 Earnings
3 Aug 22
Stoneridge Q2 Adj. EPS $(0.29) Misses $(0.21) Estimate, Sales $220.90M Beat $203.03M Estimate
3 Aug 22
Earnings Scheduled For August 3, 2022
3 Aug 22
Top 15 Trending Stocks On WallStreetBets As Of Monday, July 11, 2022 (Via Swaggy Stocks)
11 Jul 22
Press releases
Stoneridge Reports Second-Quarter 2022 Results
3 Aug 22
Stoneridge to Present at the J.P. Morgan Auto Conference
1 Aug 22
STONERIDGE, INC. TO BROADCAST ITS SECOND-QUARTER 2022 CONFERENCE CALL ON THE WEB
21 Jul 22
Stoneridge Appoints Sal Orsini to Chief Procurement Officer Position, Announces New Operations Organizational Structure
5 Jul 22
Stoneridge to Present at the Deutsche Bank Global Auto Industry Conference
7 Jun 22
Investment data
Securities sold
Number of investors
Calendar
3 Aug 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 40.69M | 40.69M | 40.69M | 40.69M | 40.69M | 40.69M |
Cash burn (monthly) | 232K | 1.24M | 2.31M | 2.28M | (no burn) | 2.62M |
Cash used (since last report) | 364.07K | 1.95M | 3.62M | 3.58M | n/a | 4.11M |
Cash remaining | 40.33M | 38.74M | 37.07M | 37.12M | n/a | 36.58M |
Runway (months of cash) | 173.8 | 31.2 | 16.1 | 16.3 | n/a | 14.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 22 | Laurent Borne | Common Shares, without par value | Payment of exercise | Dispose F | No | No | 17.38 | 1,403 | 24.38K | 11,940 |
1 Jul 22 | Laurent Borne | Common Shares, without par value | Option exercise | Acquire M | No | No | 0 | 4,909 | 0 | 13,343 |
1 Jul 22 | Laurent Borne | Share Units Common Shares, without par value | Option exercise | Dispose M | No | No | 0 | 4,909 | 0 | 55,796 |
1 Jul 22 | Heigel Kevin | Common Shares, without par value | Payment of exercise | Dispose F | No | No | 17.38 | 1,560 | 27.11K | 25,618 |
1 Jul 22 | Heigel Kevin | Common Shares, without par value | Option exercise | Acquire M | No | No | 0 | 6,407 | 0 | 27,178 |
1 Jul 22 | Heigel Kevin | Common Shares, without par value | Payment of exercise | Acquire F | No | No | 17.38 | 1,560 | 27.11K | 25,558 |
1 Jul 22 | Heigel Kevin | Common Shares, without par value | Option exercise | Acquire M | No | No | 0 | 6,407 | 0 | 27,118 |
1 Jul 22 | Heigel Kevin | Share Units Common Shares, without par value | Option exercise | Dispose M | No | No | 0 | 6,407 | 0 | 6,406 |
Institutional ownership, Q1 2022
49.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 122 |
Opened positions | 24 |
Closed positions | 13 |
Increased positions | 43 |
Reduced positions | 38 |
13F shares | Current |
---|---|
Total value | 570.61M |
Total shares | 27.45M |
Total puts | 0 |
Total calls | 10K |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Cooper Creek Partners Management | 2.03M | $42.24M |
Cooke & Bieler | 1.96M | $40.7M |
BLK Blackrock | 1.93M | $40.07M |
Frontier Capital Management | 1.47M | $30.5M |
Vanguard | 1.4M | $29.12M |
Pembroke Management | 1.36M | $28.23M |
Dimensional Fund Advisors | 1.34M | $27.78M |
Frontier Capital Management | 1.23M | $24.23M |
Royce & Associates | 1.2M | $24.89M |
Ewing Morris & Co. Investment Partners | 1.2M | $26.94M |
Financial report summary
?Competition
CTS • Dana • Methode Electronics • Calamp • BorgWarner • Visteon • Denso • Aptiv • Aptiv • Delphi TechnologiesRisks
- Our business is cyclical and a downturn in the automotive, commercial, off-highway and agricultural vehicle markets as well as overall economic conditions could reduce our sales and profitability.
- The loss or insolvency of any of our principal customers would adversely affect our future results.
- We must implement and sustain a competitive technological advantage in producing our products to compete effectively.
- The discontinuation of, loss of business or lack of commercial success, with respect to a particular vehicle model for which the Company is a significant supplier could reduce the Company’s sales and harm its profitability.
- We have foreign currency translation and transaction risks that may materially adversely affect our operating results, financial condition and liquidity.
- Our debt obligations could limit our flexibility in managing our business and expose us to risks.
- Covenants in our Credit Facility may limit our ability to pursue our business strategies.
- Our annual effective tax rate could be volatile and materially change as a result of changes in the mix of earnings and other factors including changes in the recognition and/or release of valuation allowances against deferred tax assets.
- We are dependent on the availability and price of raw materials and other supplies.
- The prices that we can charge our customers are typically predetermined and we bear the risk of costs in excess of our estimates, in addition to the risk of adverse effects resulting from general customer demands for cost reductions and quality improvements.
- We have limited or no redundancy for certain of our manufacturing facilities, and therefore damage or disruption to those facilities could interrupt our operations, increase our costs of doing business and impair our ability to deliver our products on a timely basis.
- We rely on independent dealers and distributors to sell certain products in the aftermarket sales channel and a disruption to this channel would harm our business.
- Our Global Positioning Systems (“GPS”) products depend upon satellites maintained by the United States Department of Defense. If a significant number of these satellites become inoperable, unavailable or are not replaced, or if the policies of the United States government for the use of the GPS without charge are changed, our business will suffer.
- We are subject to risks related to our international operations.
- Our inability to effectively manage the timing, quality and costs of new program launches could adversely affect our financial performance.
- We may not be able to successfully integrate acquisitions into our business or may otherwise be unable to benefit from pursuing acquisitions.
- Increased or unexpected product warranty claims could adversely affect us.
- We may incur material product liability costs.
- If we fail to protect our intellectual property rights or maintain our rights to use licensed intellectual property or are found liable for infringing the rights of others, our business could be adversely affected.
- A failure of our information technology (IT) networks and systems, or the inability to successfully implement upgrades to our enterprise resource planning (ERP) systems, could adversely impact our business and operations.
- We may be subject to risks relating to our information technology systems and cybersecurity.
- Privacy and security concerns relating to the Company’s current or future products and services could damage its reputation and deter current and potential users from using them.
- Compliance with environmental and other governmental regulations could be costly and require us to make significant expenditures.
Management Discussion
- Net Sales. Net sales for our reportable segments, excluding inter-segment sales are summarized in the following table (in thousands):
- Our Control Devices segment net sales increased $13.2 million due to recovery from 2020 COVID-19 impacts in our North American automotive and agricultural vehicle markets of $23.4 million and $2.7 million, respectively, and an increase in our China automotive and commercial vehicle markets of $3.8 million and $0.4 million, respectively, as well as a favorable foreign currency translation of $3.2 million. These increases were partially offset by a decrease in volumes in our European automotive of $16.7 million due to the exit of PM sensor production and a decrease in volumes in our North American commercial vehicle market of $4.3 million.
- Our Electronics segment net sales increased $100.1 million due to recovery from 2020 COVID-19 impacts in our North American and European commercial vehicle and European and North American off-highway vehicle markets of $28.7 million, $28.4 million, $14.4 million and $5.3 million, respectively, as well as favorable euro and Swedish krona foreign currency translation of $5.0 million compared to the prior year period. In the fourth quarter, net sales increased by $17.6 million due to customer pricing for recoveries of electronic component spot buy purchases.
Content analysis
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Legalese | ||
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H.S. sophomore Avg
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New words:
cover, Data, DeGaynor, duly, embedded, Exhibit, feasible, formatted, herewith, Horvath, IHS, incorporated, Inline, instance, Interactive, iXBRL, Jonathan, Label, Language, Linkbase, Markit, Matthew, page, percent, ramp, readily, registrant, Schema, shift, suggest, system, Taxonomy, thereunto, truck, undersigned, unwound, XBRL
Removed:
depend, face, nature, serve
Financial reports
Current reports
8-K
Regulation FD Disclosure
5 Aug 22
8-K
Stoneridge Reports Second-Quarter 2022 Results
3 Aug 22
8-K
Stoneridge Appoints Sal Orsini to Chief Procurement Officer Position, Announces New Operations Organizational Structure
5 Jul 22
8-K
Departure of Directors or Certain Officers
19 May 22
8-K
Stoneridge Reports First-Quarter 2022 Results
4 May 22
8-K
Stoneridge Reports Fourth-Quarter and Full-Year 2021 Results
28 Feb 22
8-K
Entry into a Material Definitive Agreement
2 Nov 21
8-K
Stoneridge Reports Third-Quarter 2021 Results
27 Oct 21
8-K
Stoneridge Provides Preliminary Third Quarter 2021 Results
13 Oct 21
8-K
Departure of Directors or Certain Officers
1 Sep 21
Registration and prospectus
S-8
Registration of securities for employees
4 Aug 22
S-8
Registration of securities for employees
30 Jul 20
S-8
Registration of securities for employees
1 Aug 18
S-8
Registration of securities for employees
2 Aug 17
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Aug 16
S-8
Registration of securities for employees
2 Aug 16
S-8 POS
Registration of securities for employees (post-effective amendment)
2 Aug 16
S-8
Registration of securities for employees
4 Aug 13
D
$16.5M in equity, sold $16.5M, 2 investors
12 Jan 12
S-8
Registration of securities for employees
31 Jan 11
Proxies
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
1 Apr 21
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
4 Apr 19
DEFA14A
Additional proxy soliciting materials
4 Apr 18
DEF 14A
Definitive proxy
4 Apr 18
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
3 Sep 19
CORRESP
Correspondence with SEC
27 Aug 19
UPLOAD
Letter from SEC
19 Aug 19
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
30 May 18
CT ORDER
Confidential treatment order
7 Sep 17
SD
Conflict minerals disclosure
29 May 17
Ownership
4/A
STONERIDGE / Kevin Heigel ownership change
19 Jul 22
4/A
STONERIDGE / Kevin Heigel ownership change
19 Jul 22
3
STONERIDGE / Salvatore D. Orsini ownership change
13 Jul 22
4
STONERIDGE / Kevin Heigel ownership change
6 Jul 22
4
STONERIDGE / Laurent Borne ownership change
5 Jul 22
3
STONERIDGE / Peter Osterberg ownership change
6 Apr 22
4/A
STONERIDGE / Matthew R. Horvath ownership change
16 Mar 22
4
STONERIDGE / Jonathan B DeGaynor ownership change
16 Mar 22
4
STONERIDGE / Robert J. Jr. Hartman ownership change
16 Mar 22
4
STONERIDGE / Susan C. Benedict ownership change
16 Mar 22
Patents
Utility
Mirror Replacement System with Camera Anti-soiling Feature
11 Aug 22
A camera arm (16) for a vehicle mirror replacement system includes a housing (22) having an exterior surface (38).
Utility
Camera Assisted Docking System for Commercial Shipping Assets In a Dynamic Information Discovery Protocol Environment
11 Aug 22
A method for operating a commercial shipping asset includes entering one of a docking and an undocking mode of operations using a vehicle controller of a commercial shipping asset, identifying at least one trusted video source remote from the commercial shipping asset, determining a distance between the commercial shipping asset and at least one object based at least in part on an image analysis of a video feed from the trusted video source, and responding to the determined distance by providing at least one of a warning to an operator of the commercial shipping asset and adjusting an automated or semi-automated operation of the commercial shipping asset.
Utility
System and Process for Pairing Commercial Shipping Assets Within a Dynamic Information Discovery Protocol
11 Aug 22
A method for pairing commercial shipping assets includes identifying the presence of a second asset using a sensor system of a first asset, retrieving a master asset identifier of the second asset using a controller of the first asset, physically connecting the first asset and the second asset, and updating a dynamic information discovery protocol environment.
Utility
Mirror replacement system with dynamic stitching
19 Jul 22
A camera mirror system for a vehicle includes a camera system having at least a first and second field of view of a scene.
Utility
Mirror Replacement System
23 Jun 22
A mirror replacement system includes a camera having a frontal lens on an outer surface of the camera.
Transcripts
2022 Q2
Earnings call transcript
7 Aug 22
2022 Q1
Earnings call transcript
8 May 22
2021 Q4
Earnings call transcript
1 Mar 22
2021 Q3
Earnings call transcript
1 Nov 21
2021 Q2
Earnings call transcript
8 Aug 21
2021 Q1
Earnings call transcript
1 May 21
2020 Q4
Earnings call transcript
28 Feb 21
2020 Q3
Earnings call transcript
31 Oct 20
2020 Q2
Earnings call transcript
1 Aug 20
2020 Q1
Earnings call transcript
9 May 20
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