STONERIDGE INC (SRI) Form 8-K — Nov 4, 2026
Stoneridge reported Q3 2026 GAAP net sales of $155.8 million (up 9.5% YoY) but a net loss from continuing operations of $22.9 million, or $0.81 per diluted share, driven by a $24.2 million charge from an adverse arbitration ruling on legacy PM sensor warranty claims. The arbitration panel awarded a former Control Devices customer €22.5 million (~$25.5 million), and Stoneridge is evaluating appeals while expecting to pay from cash on hand if unsuccessful. On an adjusted basis the quarter was strong: revenue of $180.0 million grew 29.9%, adjusted net income was $1.6 million ($0.06 EPS) versus an adjusted loss a year ago, and adjusted EBITDA rose 41.7% to $7.3 million.
Key figures
- Revenue
- 155800000
- Guidance
- 2026 adjusted revenue raised to $690M-$700M (from $645M-$670M); adjusted EBITDA now expected at bottom end of $20M-$25M range; adjusted gross margin 20.5%-21.0%; adjusted operating margin (0.5)%-0.0%
- Total Debt
- 143700000
- Revenue Yoy
- 9.5% GAAP / 29.9% adjusted
- Cash Position
- 63400000
- Net debt
- 80200000
- Adjusted eps q3
- 0.06
- Sga improvement
- 317 bps to 13.1% of adjusted revenue
- Adjusted ebitda q3
- 7300000
- Adjusted revenue q3
- 180000000
- Mirroreye q3 revenue
- >$37 million (+48% YoY)
- Arbitration award eur
- €22.5 million (~$25.5 million)
- Adjusted net income q3
- 1600000
- Credit facility maturity
- July 1, 2027
- Arbitration charge pretax
- 24200000
- Vision systems incremental sales
- approximately $180 million through 2028
AI analysis
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