STONERIDGE INC

Stoneridge, Inc. completed the sale of its Control Devices business segment on January 30, 2026, for $59 million, resulting in a $9.8 million loss on disposal. For the second quarter of 2026, net sales from continuing operations rose 15.1% to $181.4 million, and the net loss improved to $(5.3) million. However, the year-to-date net loss for 2026 was $(33.2) million, primarily impacted by the disposal loss. The company also saw an increase in cash and cash equivalents and a reduction in its revolving credit facility debt.

Stoneridge reported strong second-quarter 2026 results, with net sales increasing 15.1% year-over-year to $181.4 million, driven by strengthening demand and expense control. The company significantly improved its net loss from continuing operations to $(5.3) million from $(11.1) million in the prior year, and adjusted EBITDA surged to $5.5 million. Stoneridge achieved record quarterly revenues for its MirrorEye product and Brazil segment, and reaffirmed its full-year 2026 guidance, reflecting confidence in its strategic execution despite ongoing macroeconomic uncertainties.

Stoneridge, Inc. announced the appointment of Scott R. Humphrey as its new Chief Financial Officer and Treasurer, effective June 8, 2026. Humphrey brings over 25 years of international finance and operations experience, having previously served as CFO at Fox Factory Holding Corp. and interim CFO at Hibbett Sports. Robert J. Hartman, Jr. will step down as Interim CFO and Treasurer on the same date but will continue in his role as Chief Accounting Officer. Humphrey's compensation package includes an annual base salary of $475,000, a target annual bonus of 75% of his base salary, and a $300,000 sign-on equity grant.

Stoneridge Inc. held its Annual Meeting of Shareholders on May 19, 2026, where several key proposals were approved. Shareholders voted to approve Amendment No. 1 to the Company's 2025 Long-Term Incentive Plan, increasing the number of common shares authorized for issuance under the plan by 2,650,000 shares. Additionally, all nine director nominees were elected, Ernst & Young LLP was ratified as the independent auditor for 2026, and a non-binding advisory resolution to approve executive compensation was passed.

Stoneridge, Inc. completed the sale of its Control Devices business segment on January 30, 2026, for a purchase price of $59.0M, resulting in a loss on disposal of $9.8M, net of tax. For the first quarter of 2026, the company reported a net loss of $(27.9)M, significantly wider than the $(7.2)M net loss in Q1 2025. Net sales from continuing operations increased to $160.8M, but the loss from continuing operations also widened to $(14.8)M.

Stoneridge, Inc. reported solid first-quarter 2026 results with sales of $160.8 million, a 9.2% increase from Q4 2025, and a gross profit of $35.0 million, representing a 400 basis point margin improvement. The company also announced over $135 million in new program awards, including a MirrorEye program with a fourth North American OEM and an electronic controls program for an off-highway manufacturer. Stoneridge updated its full-year 2026 revenue guidance to $645 million - $670 million and adjusted operating margin guidance to break-even to 0.5%, while reaffirming adjusted EBITDA guidance.

Stoneridge, Inc. announced record quarterly sales and production milestones for its MirrorEye Camera Monitor System during the first quarter of 2026. This update highlights strong operational performance for a key product line.

Stoneridge, Inc. has appointed Natalia Noblet as President and CEO, effective April 1, 2026. Her compensation includes a base salary of €490,475 per year, a target annual incentive opportunity of 100% of her base salary, and a long-term incentive target equal to 125% of her base salary, making this a key management change with significant compensation details.