Stoneridge (SRI) Tops Q4 EPS by 4c

Stoneridge (NYSE: SRI) reported Q4 EPS of $0.34, $0.04 better than the analyst estimate of $0.30. Revenue for the quarter came in at $172.6 million versus the consensus estimate of $171.76 million.

2017 Guidance (Excluding Orlaco Acquisition)

• Sales of $705 – $730 million compared with 2016 sales of $696.0 million (midpoint growth of 3.1%)
• Gross margin of 28% – 30% (midpoint improvement of 90 basis points)
• Operating margin of 6.5% – 7.5% (midpoint improvement of 70 basis points)
• EBITDA margin of 10.0% – 11.5% (midpoint improvement of 85 basis points)
• EPS of $1.00 – $1.15, including the impact of the release of the valuation allowance, which is expected to increase the Company\'s effective tax rate to 30% to 35% and is estimated to have a non-cash EPS impact of $0.35 – $0.40 in 2017
• Adjusted EPS (excluding the release of the valuation allowance) of $1.40 – $1.50 compared with $1.42 in 2016

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

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