Stoneridge, Inc. Updates Earnings Guidance for the Fourth Quarter of 2022
November 03, 2022 at 09:00 am EDT
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Stoneridge, Inc. updated earnings guidance for the fourth quarter of 2022. For the quarter, the company midpoint revenue of $239 million or approximately 11.5% growth relative to the third quarter.
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. 