Stoneridge, Inc. Provides Preliminary Earnings Guidance for the Third Quarter 2021
October 13, 2021 at 07:30 am EDT
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Stoneridge, Inc. provides preliminary earnings guidance for the third quarter 2021. For the third quarter 2021, the company announced that preliminary sales are expected to be approximately $180.0 million. Third quarter 2021 operating loss is expected to be between ($9.2) million to ($8.2) million, or approximately (5.1%) to (4.6%) of sales. Third quarter 2021 loss per share ("EPS") is expected to be between ($0.40) to ($0.34).
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. 
