Stoneridge: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 04:33 PM ET
Last Updated - Jun 21, 2023, 11:15 PM EDT
NOVI, Mich. (AP) — NOVI, Mich. (AP) — Stoneridge Inc. (SRI) on Wednesday reported a loss of $7.4 million in its first quarter.
The Novi, Michigan-based company said it had a loss of 27 cents per share. Losses, adjusted for non-recurring costs, came to 25 cents per share.
The maker of electronic components for the automotive and other markets posted revenue of $241.3 million in the period. Its adjusted revenue was $232.2 million.
Stoneridge expects full-year results to range from a loss of 10 cents per share to earnings of 10 cents per share, with revenue in the range of $960 million to $990 million.
