Stoneridge ( (SRI) ) has released its Q2 earnings. Here is a breakdown of the information Stoneridge presented to its investors.
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Stoneridge, Inc., headquartered in Novi, Michigan, is a global supplier of electronic systems and technologies for the transportation sector, known for its innovative MirrorEye® camera monitor system.
In its second quarter of 2025, Stoneridge reported sales of $228.0 million and a gross profit of $48.9 million, with its MirrorEye® system achieving another quarterly sales record. The company also announced significant new business awards, including the largest in its history for the global MirrorEye program.
Key financial highlights include an operating loss of $2.6 million and a net loss of $9.4 million. However, the company achieved a total debt reduction of $38.8 million, primarily through a global cash repatriation program. Stoneridge also announced a strategic review of its Control Devices business, potentially leading to a sale to maximize shareholder value.
Looking ahead, Stoneridge maintains its full-year revenue guidance of $860 million to $890 million and expects adjusted EBITDA of $34 million to $38 million. The company is focused on leveraging its advanced technologies and strategic initiatives to drive long-term growth and shareholder value.