Stoneridge, Inc. Provides Earnings Guidance for the Full Year 2024 and the Year 2028
February 28, 2024 at 05:13 pm EST
Share
Stoneridge, Inc. provided earnings guidance for the full year 2024 and the year 2028. For the year, the company expects sales guidance of $990 million to $1,010 million, earnings per share guidance of $0.30 to $0.40.
For the year 2028, the company expects revenue of $1.45 billion.
Stoneridge, Inc. is a global designer and manufacturer of engineered electrical and electronic systems, components and modules for the automotive, commercial, off-highway and agricultural vehicle markets. The Company operates through three segments: Control Devices, Electronics and Stoneridge Brazil. Its Control Devices segment designs and manufactures products that monitor, measure or activate specific functions within a vehicle. Its Electronics segment designs and manufactures driver information systems, vision and safety systems, connectivity and compliance products and electronic control units. Its Stoneridge Brazil (SRB) segment primarily serves the South American market and specializes in the design, manufacture and sale of vehicle tracking devices and monitoring services, vehicle security alarms and convenience accessories, in-vehicle audio and infotainment devices, driver information systems and telematics solutions primarily for the automotive market.
STONERIDGE, INC. 
