Stoneridge (SRI) Tops Q4 EPS by 3c, Offers Guidance

Stoneridge (NYSE: SRI) reported Q4 EPS of $0.42, $0.03 better than the analyst estimate of $0.39. Revenue for the quarter came in at $207.4 million versus the consensus estimate of $199.6 million.

2018 Guidance

• Sales of $840 - $860 million compared with 2017 sales of $824.4 million (midpoint growth of 3.1%)
• Adjusted gross margin of 31.0% - 32.0% (midpoint improvement of 120 basis points)
• Adjusted operating margin of 9.0% - 10.0% (midpoint improvement of 140 basis points)
• Adjusted EBITDA margin of 12.5% - 13.5% (midpoint improvement of 140 basis points)
• Adjusted EPS of $1.90 - $2.10, including the impact of the US Tax Cuts and Jobs Act, which is expected to increase adjusted EPS through a reduction to the Company's effective tax rate to 20% - 25% (comparable to adjusted EPS of $1.70 - $1.90 utilizing a 31.6% effective tax rate as calculated considering 2017 results, which implies midpoint improvement of approximately 15%)

(Street sees FY18 EPS of $1.71 on revenue of $849.7 million)

For earnings history and earnings-related data on Stoneridge (SRI) click here.

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