Stoneridge, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2022
May 04, 2022 at 04:50 pm EDT
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Stoneridge, Inc. provided earnings guidance for the second quarter and full year 2022. The company maintaining revenue guidance range of $860 million to $900 million.
Based on current market conditions and customer forecasts, the company is expecting second quarter revenue of $200 million to $210 million.
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. 
