Stoneridge's quarterly sales fall on lower vehicle production; loss widens on impairment

Stoneridge

12/03/2026 24:25

Overview

Global vehicle electronics supplier's Q4 sales declined yr/yr, driven by lower commercial vehicle production in Europe and North America

Net loss deepened in Q4 on impairment; reported an adjusted net loss of $14.7 mln for Q4

Company issued 2026 guidance projecting modest revenue growth and margin improvement

Outlook

Stoneridge sees 2026 revenue between $625 mln and $650 mln

Company expects 2026 adjusted EBITDA of $20 mln to $25 mln

Stoneridge targets 2027 revenue of at least $715 mln and EBITDA of at least $44 mln

Result Drivers

MIRROREYE GROWTH - MirrorEye sales rose 69% yr/yr, driven by OEM program ramp-ups in Europe and new launches in North America

LOWER VEHICLE PRODUCTION - Electronics segment sales fell due to lower commercial vehicle production volumes in Europe and North America

COST IMPROVEMENTS - Material cost and quality-related cost reductions contributed to margin, but were offset by lower sales and higher overhead

ASSET IMPAIRMENT - Q4 net loss widened significantly due to non-cash charges

Company press release: ID:nPn5Mk4yja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
$205.20 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

Wall Street's median 12-month price target for Stoneridge Inc is $16.00, about 108.9% above its March 11 closing price of $7.66

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)